Potential Falling Flag has formed along with a Potential Cup and Handle We do need the price to break above the brim level and we need the price to break above 20MA and the 200MA for it to be a high probability trade. Fortunately, we have had the confirmed Downtrend line broken (which gives the furst action level). THe first target up will be at 205.86
I was asked to do an analysis on GBP/JPY And It's like trying to get blood out of a stone. It's premature right now and I just can't see any definitive direction. By intuition, I would say I am more bullish than bearish. There is a Potential Falling Flag and a Potential Cup and Handle forming on it and the price definitely needs to go higher to close...
Bat pattern formed slowly this week and got triggered in late last night. Previous level of resistance likely to act as support before GBP moves higher. Entry at: 165.062 Stop loss at: 164.202 Target 1 at: 166.193 Target 2 at: 167.052
GBPJPY has been bullish, we didn't get the initial entry, but after price breaking structure, and creating higher lows on smaller TF, we found where the demand was and awaiting for the pullback on 3min TF to long.
Based on my analysis I'm looking for price to move up into the 158.943 area. Setting stops below 157.800. GBPJPY has been having continuous bullish momentum. After price retested the previous high around 157.370 and came back above the low residing at 157.670, that was a good sign price was ready to continue upwards. With the current trend in place we should see...
Buy gbpjpy as it retests price level 146.622 right now price is at 146.758 . Aim for 147.090 and 147.430. Use proper money management. Tight stops as always
We are updating the bullish trade idea we posted on GBPJPY on the 9th September 2020, price came right to this level and started to bounce higher. As we mentioned in the original post, if price dropped to this level we wanted to go down to our lower time frames and look for additional confirmation for a bullish trading opportunity which occurred nicely. As you...
Hi guys, IF you are ready to lose money, it will be a good deal with perfect R/R ratio.
Price is in an up channel. Buyers are still strong while there are lack of sellers Expect: price will continue up to the targets in an image
GBPJPY Setup: SB+RE Confluence: BRN CRS RBS Entry: Buy @ 138.00, SL @ 136.90 (110 pips), TP @ 140.00 (200 pips)
buy entry on GBPJPY @ 128.0 with safer entry @130.2 target @144.5 confluence of monthly sup [port and daily pinbar
Target for Wave C as stated in chart. Share your thoughts and observation in comments session :) ------------------------------------- Risk warning! Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. Supplied information is not advice. -------------------------------------
Open Buy order on GBPJPY - 145,36 SL - 145,13 TP - 147 RRR - 1:7.2 Last signal was sell on GBPJPY. But this pair breakout sell levels (145.29 and 145.35) So buy order was opened.
GBPJPY is massively oversold. We expect it to breakout of the wedge and start heading upwards and show some respect for the better than expected CPI news out of Britain today. I think this it is still lingering around because we have the CPI announcements for US tomorrow and that will determine the direction of $USDJPY. However, I think the worst case scenario...