GBP/JPY Reversal pattern will Change the Direction Of The PairAfter moving to the upside for very long time on all time frames, we are witnessing a great reversal pattern on this pair referring to a big change in the main direction of this pair.
the pattern is double top on the 4 hours timeframe.
we can enter a sell trade on this pair directly or we can wait for a little re-tracment and retest of the neckline, from there we can enter a sell trade and our target will be around 200 to 250 pips.
Sellgbpjpy
GBP/ JPY !! 19/1/2024 Trendline PRICE UP is stable⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The H4 long-term increasing trendline is very beautiful. The price touches the trendline, setting up a SELL signal
⭐️ SET UP GBPJPY PRICE:
🔥SELL zone: 188.550 - 188.700 SL 189.100
TP1: 188.200
TP2: 187.900
TP3: 187.600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBP/ JPY ! 10/1/2024 GBP bad news today⭐️Smart investment, Strong finance
⭐️Personal comments NOVA:
The price is approaching the nearest resistance zone, GBP news is also not positive today. Set up SELL signal
⭐️SET UP GBP/JPY PRICE:
🔥SELL zone: 184.000 - 184.200 SL 184.500
TP1: 183.700
TP2: 183.400
TP3: 183.000
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBP/JPY!! 29/11 DOW theory, SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
According to the DOWN theory, the price has formed a very beautiful H1 chart. Supports the upcoming DOWN trend
⭐️ SET UP GBPJPY PRICE:
🔥SELL GBP/JPY zone: 187.100 - 187.250 SL 187.600
TP1: 186.800
TP2: 186.500
TP3: 186.200
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Sell GBPJPY SW 240523 1.20 AM📌📌Signal Sell GBPJPY📌📌
Link :
📍📍Open order 172
Sell lim 1 173
Sell lim 2 173.75
Sell lim 3 174.4
Sell lim 4 175.22
Sell lim 5 176.09
Sell lim 6 176.89
Sell lim 7 177.77
Tp 168.65
Sl 179.15
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.15 lot
Buy/Sell lim 1 0.20 lot
Buy/Sell lim 2 0.25 lot
Buy/Sell lim 3 0.30 lot
Buy/Sell lim 4 0.35 lot
Buy/Sell lim 5 0.40 lot
Buy/Sell lim 6 0.45 lot
Buy/Sell lim 7 0.5 lot
Example
(3,000$)
Open order 0.04 lot
Buy/Sell lim 1 0.05 lot
Buy/Sell lim 2 0.06 lot
Buy/Sell lim 3 0.07 lot
Buy/Sell lim 4 0.08 lot
Buy/Sell lim 5 0.09 lot
Buy/Sell lim 6 0.10 lot
Buy/Sell lim 7 0.12 lot
Example
(2,000$)
Open order 0.03 lot
Buy/Sell lim 1 0.04 lot
Buy/Sell lim 2 0.05 lot
Buy/Sell lim 3 0.06 lot
Buy/Sell lim 4 0.07 lot
Buy/Sell lim 5 0.08 lot
Buy/Sell lim 6 0.09 lot
Buy/Sell lim 7 0.11 lot
Example
(1,500$)
Open order 0.02 lot
Buy/Sell lim 1 0.03 lot
Buy/Sell lim 2 0.04 lot
Buy/Sell lim 3 0.05 lot
Buy/Sell lim 4 0.06 lot
Buy/Sell lim 5 0.07 lot
Buy/Sell lim 6 0.08 lot
Buy/Sell lim 7 0.10 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Sell GBPJPY SW 170423 10.00📌📌Signal Sell GBPJPY📌📌
Link :
📍📍Open order 166
Sell lim 1 166.5
Sell lim 2 167
Sell lim 3 167.4
Sell lim 4 167.9
Sell lim 5 168.4
Sell lim 6 168.9
Sell lim 7 169.35
Tp 163.4
Sl 169.9
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.15 lot
Buy/Sell lim 1 0.20 lot
Buy/Sell lim 2 0.25 lot
Buy/Sell lim 3 0.30 lot
Buy/Sell lim 4 0.35 lot
Buy/Sell lim 5 0.40 lot
Buy/Sell lim 6 0.45 lot
Buy/Sell lim 7 0.5 lot
Example
(3,000$)
Open order 0.04 lot
Buy/Sell lim 1 0.05 lot
Buy/Sell lim 2 0.06 lot
Buy/Sell lim 3 0.07 lot
Buy/Sell lim 4 0.08 lot
Buy/Sell lim 5 0.09 lot
Buy/Sell lim 6 0.10 lot
Buy/Sell lim 7 0.12 lot
Example
(2,000$)
Open order 0.03 lot
Buy/Sell lim 1 0.04 lot
Buy/Sell lim 2 0.05 lot
Buy/Sell lim 3 0.06 lot
Buy/Sell lim 4 0.07 lot
Buy/Sell lim 5 0.08 lot
Buy/Sell lim 6 0.09 lot
Buy/Sell lim 7 0.11 lot
Example
(1,500$)
Open order 0.02 lot
Buy/Sell lim 1 0.03 lot
Buy/Sell lim 2 0.04 lot
Buy/Sell lim 3 0.05 lot
Buy/Sell lim 4 0.06 lot
Buy/Sell lim 5 0.07 lot
Buy/Sell lim 6 0.08 lot
Buy/Sell lim 7 0.10 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Sell GBPJPY SW 030423 14.25📌📌Signal Sell GBPJPY📌📌
Link :
📍📍Open order 164.45
Sell lim 1 165.2
Sell lim 2 165.9
Sell lim 3 166.63
Sell lim 4 167.35
Sell lim 5 168
Sell lim 6 168.78
Tp 160.85
Sl 169.73
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Buy lim 1 0.15 lot
Buy lim 2 0.20 lot
Buy lim 3 0.25 lot
Buy lim 4 0.30 lot
Buy lim 5 0. 40 lot
Buy lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Buy lim 1 0.05 lot
Buy lim 2 0.06 lot
Buy lim 3 0.07 lot
Buy lim 4 0.08 lot
Buy lim 5 0.10 lot
Buy lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
Fake-out on Pound Yen?? Hi Traders,
GBP/JPY is showing me some interesting Price action. When looking to the left where the red arrows are, You will see that price has created some sort of Double Top. When looking at how Price has been moving you will see that it has broken the neckline without retesting it.
Moving along Price has come back to the Neckline where it is currently trading around 166.400. What catches my attention is that we have potentially made a fake-out where Price has broken above resistance, and now, seems it is more likely to close back in the range.
In my experience, If we have a valid fake-out price tends to move extremely fast once the fake-out has occurred. So there is a chance that I might miss my entry criteria for this trade. I will wait for Price to close or even go as far as trying to find an entry on a lower timeframe if it meets my entry criteria.
If this candle closes back above the resistance I will no longer be interested in this short.
Trade safe and trade smart.
Renaldo Philander