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GBPJPY.1000.CFD trade ideas

GBPJPY Technical Analysis and Trade Idea👀👉 The GBPJPY pair has exhibited a decisive breakdown of critical support zones on multiple timeframes, signaling a potential acceleration of the prevailing bearish trend. This technical development aligns with the broader market dynamics, suggesting further downside pressure may be imminent. ## Technical Analysis The recent price action has carved out a bearish structure, with lower highs and lower lows forming on both the daily and 4-hour charts. This pattern typically precedes further bearish momentum, potentially driving the pair towards previous swing lows. ## Trading Strategy My approach to this market scenario is rooted in strategic patience. I'm closely monitoring for a potential retracement to the 50-61.8% Fibonacci zone, which often acts as a magnet for price in trending markets. This area could present a high-probability entry point for a short position, aligning with the overarching bearish sentiment. ## Risk Management It's crucial to emphasize that while the technical setup appears compelling, market dynamics can shift rapidly. Prudent risk management dictates waiting for clear price action confirmation before committing capital. This may involve looking for bearish reversal candlestick patterns or a rejection of key resistance levels within the identified Fibonacci zone. ## Market Structure The current market structure suggests that sellers are in control, with each rally being met with increased selling pressure. This behavior often precedes significant moves to the downside, particularly if key support levels are breached with conviction. Remember, this analysis is based on current market conditions and is subject to change. Always conduct your own due diligence and never risk more than you can afford to lose in the volatile forex markets. 📈✅
Short
by tradingwithanthony
2
GBP/JPY H1 | Potential bearish breakoutGBP/JPY is falling toward a potential breakout level and could drop lower from here. Sell entry is at 184.78 which is a potential breakout level. Stop loss is at 186.60 which is a level that sits above an overlap resistance. Take profit is at 182.97 which is a multi-swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBP/JPY "GUPPY" Bank Bearish Robbery Plan on Short sideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist GBP/JPY "GUPPY" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe Recent / Nearest Swing High Stop Loss : Recent Swing High using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
Short
by Thief_Trader
GBPJPY - Look for Reversal Short (SWING) 1:4!Price made a significant breakout in the HTF, retesting the Monthly support with a strong rebound towards the breakout zone. In the LTF, the failure to create a new high indicates that the price was only making a major correction before continuing downward. This setup is considered a long swing trade with a 1:4 R ratio, supported by the weak USD due to the interest rate cut, which strengthens the Yen fundamentally. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
GBPJPY Short IdeaLooking to short GBPJPY from 189.050. Currently GJ is making some downward momentum to the lows created after XXXjpy pairs across the board crashed. Looking to join the movement down. GJ has broken the level 188 which was the support for the small uptrend movement created after the crash. This gives me some confidence of continued downward movement. There is some alignment with other JPY pairs, AUDJPY is approaching a level that looks prudent to short as well. Timing of the alignment is necessary. Confluences: -38% fibo -Key level -H4 & H6 50EMA Position- Short Entry- 189.050 SL- 45 pips TP- 150 pips (Take Partials at 1:2)
Short
by FalkenFx
2
British Pound Japanese Yen - GBPJPY - 10/09/2024British Pound Japanese Yen - GBPJPY - 10/09/2024 Today, we were closely watching the Previous Daily High (PDH) as a key level. The plan was simple: if the price breaks above the PDH, we’d expect to see some bullish momentum, signaling buyers taking control. Previous Daily High (PDH): If we break this level, it usually means the market is moving higher, and we should be prepared for a possible bullish run. Resistance for the Day: As the day progressed, we noticed a resistance level forming, which was keeping the price from moving higher. This gave us an early signal that the upward push might be losing steam. My Trade: Anticipating that the price wouldn't break the PDH and might reverse, I decided to take some sell positions, expecting the market to head lower from here.
Short
by arpitdahal
1