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
Shortgbpjpy
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
Shorting GBPJPYI am expecting price to make one last push to the upside, before falling.
This push can possible create the right shoulder that I am anticipating.
A head and shoulders at the end of an uptrend can signal a reversal pattern.
This candlestick formation along with price respecting the monthly/weekly supply level, is a strong confluence.
Selling opportunity in GBPJPY There is a Gartley PAttern formation in the 4 hours chart of GBPJPY. The currency pair has started to reverse from point D in the pattern . It is likely to go down upto point B of the pattern, a calculated target for chart pattern. However, traders can wait for the daily closing below 133.90 before going short in the pair to confirm the downside momentum . Trade information is as follow:
Short- 133.90
Target1- 132.277
Target2- 130.90
Sl - 136.15
GBPJPY long term short idea TOOOOO many confirmations in this analysis we are seeing alot of things lining up for a gj short. we could see it now due to daily fractal and whole level rejection while being oversold also in the 2-2.618 fib extension 4hr zone. on the daily chart we could see more up move to the 154-156 bearish order block area which would bring us into an extreme sell off area. i am currently short. and would continue to have a short bias on this pair
GBP/JPY Price Squeeze - Short OpportunityGood Evening Traders,
After an impulsive move to the downside (green arrow), price has slowly rallied up into the previous structure low. Expecting price to break out of the triangle into the 142 level. Follow my twitter: BrightForex for more ideas!
Thanks and Good Luck!
Ike