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Gjshort

Lets Talk About GJ Baby...So This Is One Of My Favourite Pairs. It's Also The Pair That Blew My Account Last Week. Now GJ could go one of many ways this week. Let me give you my analysis for this pair. This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was initiated. So here we can see that just before close a red candle was formed, this may just be a pull back rather than a trend reversal. I have a line where i think the pull back may come up to. But as you can see i also have an arrow that is going downwards, if price breaks this trend line, i believe that this may not be a pullback but instead be a trend reversal. Heres why there may be a cause for a trend reversal: - Current situation in the UK is becoming similar to the situation in the US. (i.e Protests & Risk of a Second Coronavirus Wave) - The government not being upfront with the people. As well as this Brexit discussions. However as i stated, as the businesses are now re-opening there is a chance for the pound to get back to the 141/143 mark by the end of this week. Let me know what you think of my analysis, or if theres anything i missed. Thanks :)
by SJFXT
gbpjpy Short trade idea // ReversalIn this analysis we can see Price has formed a H&S type of market structure at an area of previous resistance, this is a Key level in the market which has been respected in the past. RSI is also bearish indicating a reversal at this level, price is under both 9 and 21 Moving averages. SL is placed above structure for 87 pips, TP1 will be at 135.864, TP2 is at 135.000 for about 160 pips and TP3 will be at 132.592 for 400 pips. This is a 1 to 4.5 RR swing position, that i will be taking with students of LIMITLESS TRADE ACADEMY under my mentorship. If you agree with my trade idea please use proper risk management. Please remember to Like Comment & Follow my Tradingview if you agree to my Analysis! ----------------------------------------------------------------------------------------------------------------------------------- Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Short
by limitlessal
GBP/JPY Short IdeaHey Guys, GBP/JPY is trading under the 200EMA on the daily and the 4Hour chart. The Fibonacci retracements line up very well for a short. It has formed a bunch of bearish candle stick patterns after the touching the 50% level. In this trade right now with about 25 pips My only real concern is that when I went through the Ideas section on the Trading view for this pair, majority of the ideas here are going for a short and that kinda scares me. Either its a simple short or most of us are going to be wrong. I normally trade against the general consensus. But my simple strategy points me towards a short. Would love any feedback.
Short
by turkeypoint
GBPJPY BREAKS 131 SUPPORT : WHAT FOLLOWS ?The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial 132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again. Outlook in GBP/JPY is unchanged as GBP is long-term bearish. Below 130.64 will target a test on 123.94 low. but a nearby target could be the 127 level. One thing is for sure, the market looks as if it is running out of momentum to the upside in general, so having said that it is likely that the downside is going to be much more preferred. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is suitable for you in the light of your financial condition. Goodluck !
Short
by Tim298
2