GBPJPY reached target after resistance retest as predictedGBPJPY has dropped from resistance on 4hr, giving me a 90 pip drop from entry, booked profits leaving runners to next zone
Gjshort
GBPJPY short after 14ema retest and half batman GJ sell, after retest, down to support level, after forming half batman at resistance
GbPJPY sell GJ is reaching a resistance level at 166.060. Will it now create a Rally Base drop to finally get that big push down?
GBPJPY REPETITION OF WHAT HAPPENED 28 JULY?From h4 chart current situation is indicating potential downside movement after impulsive rally. If we move back to 8 July the high formed that time and current high is similar and current candle is bearish engulfing candle. So my potential target is around 160 level with stop ABOVE 166.325. Potential risk : reward around 1:4.
I wish u all have a good trade.
GBPUSD about to dump ?If the Scenario above happens, I expect a good drop down to 0.5 of the Daily FvG left behind.
A good time for shorts perhaps?
GBPJPY Sells Seling though overall GJ is bullish I saw this good opportunity; liquidity build up and breaks of structure to the down
gj shortSelling once i see a nice candle breaking 1.17163 but there could be a potential bullish scalp forming E wave if momentum breaks through 23% fib lvl . Either way, a very nice short play coming when patient and trading at the right entry.
gjpjpy scalp Potential set up going both ways, a temp bull move for a great short position once wave (E)5 completes.
GBPJPY potential SELL After we broke out of the consolidation-Zone, we have a Point of interest between 163.250-163-500 where we can find a potential Sell next week.
Entry: 163.230
SL: 163.505 OR 163.700
TP1: 161.885 (3% if you use 163.700)
TP2: 160.000
Please like and comment what you think!
GBPJPY [GJ SHORT]In the recent market structure we see string supply zone near 163.68 level where 200 Ema resitance also facing the price of #gj so here we enter short position in gbpjpy. We also see gbpusd is near at its resistance so this is also indication of some small bearishness in Pound so you can short GBPJPY your Target is support trend line 162.95 and below 61% fib level 162.26.
ENTRY MARKET PRICE 163.44
TARGET 1
TARGET 2
STOP
GBP/JPY Short targetGJ can rise to the unmitigated order block before falling down backdown.
A simple supply and demand trade.
let me know your thoughts
GBPJPY SHORTGBPJPY analysis update and I’m seeing it’s going to move for +150 PIPs to the downside ✅
GBPJPY SHORTHello good morning. This is my GBPJPY setup for this morning. 1:1 risk to reward. Any feedback leettsss GOOOO YA DIGGG 😁
GJ swing analysisTook daily/4H High out. Might just continue lower to fill the next zone at this point but potential short on the premium side of the dealing range.
GBPJPY - May 31st into June ReviewHello Traders,
Back with another review! We are looking at yens overall for potential reversal with eyes on GJ.
Should price remain below May monthly high 163.800-164.00 zone
We could see more downside correction to the 157 price zone.
this could take a few days or more.
Otherwise, above 164.200 no short trade.
As always, only trade what you're willing to lose.
The Trading Regime.
OANDA:GBPJPY
GJ SELL OFF (1000 pips)Expecting s buy into my supply zone, then a further roll over to 152.100. Risk off!!!
NB: GJ has been in demand for sometime now a nd market has opened a lot of buy orders. After completing my fake buy move a further retrace into my desirable TP.
---Yellow Box: Demand/ Supply Zone
---Red Box: Rejection Zone
---Blue Box: Breakout zone
GBPJPY SELL LIMIT ORDER GBPJPY Has Grabed the Liquidity Above Multiple highs And Now has Rejected from the Order Block Area. We want the Market to Retest that Area Again And then Fall Sharply
gj sellgj seems to be forming a bearish engulfing or inverted hammer rejection at 51 ema and 618 retracement. rsi is showing bull exhaustion and gj is on a bearish move since last week.
D1 BEARISH ENGULFINGNot actually looking to trade this but just an idea/call out so to speak this is where I would look to go short here and would place a sell limit, also taking into consideration the fundamentals at play with BOE and Yen too. But we'll see. again this isn't a trade i am taking just calling out something i am seeing and working on maybe taking these set ups one day but i need more reps in tbh
GBPJPY possible short from 3 areasGBPJPY forming a nice bearish order flow on the 15 minutes, with Equal low and an imblance below that prices might go for.
GJ short4H
BEllow the ema's
break and retest making a new structure
bearish trend line
1h
break below the 2emas with a clear momentum candlestick
I took this trade 5 days ago and have been in this range since, so the above were my confluences and I am still waiting for it to break down.
if the price broke above the 5/14 and 200ema ill be out of the trade and look for a buying opportunity
Potential BIG SHORT for #GBPJPYThis pair is still in progress of completing the corrective wave (c) of the minor corrective wave B at 1.236 fib extension on price level 165.279 up to 165.878 which is the 1.382 extension.
When validated, the pair may then resume its downtrend to the anticipated impulsive wave C with a potential high reward of over than 500 pips (159.634 or lower).
#elliotwaveforecast
@marketpainterPH
