Looks like the market maker went to hunt for stop losses yesterday. Price formed a wide double top at the level 162.526 on the 1hr chart, As analysed, I still think that price will go down to test the low of last week minimum 156.978 to 155.736 , but we would have to break 159.644 level, retest it and enter after the retest to confirm the move.
Hello! We have seen some consolidation for some weeks now on GJ before the quick push to the down side to define our structural bias for this pair. Seeing how we have formed a clear CHOCH or BMS on the higher timeframe we will be looking to see the JPY gain strength in this coming weeks, that having been established we now look to a strong supply zone from where...
Sell GJ now, dont ask questions, just sell lol. Been in consolidation, but we are currently ready for a sell
GJ should continue to fall after last Wednesday double top reversal, it is Monday so we should see the move between today and Wednesday. Zone to zone trading
Daily GBPJPY retest of 200ema, possible strong sell. If the daily candle ends bearish we will expect sells from Monday. We could even look for sells today, as I have
GJ it's totally bearish at 4h time frame so I'm looking for sells. I need to see a confirmation on the OB to put my order.
Monthly; bullish trend Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing. On the 4h; there is...
GBPJPY has dropped from resistance on 4hr, giving me a 90 pip drop from entry, booked profits leaving runners to next zone
GJ sell, after retest, down to support level, after forming half batman at resistance
GJ is reaching a resistance level at 166.060. Will it now create a Rally Base drop to finally get that big push down?
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.
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?
Seling though overall GJ is bullish I saw this good opportunity; liquidity build up and breaks of structure to the down
Selling 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.
Potential set up going both ways, a temp bull move for a great short position once wave (E)5 completes.
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!
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...