possibility of correctionAs long as the price does not stabilize above the green resistance level, the downward trend will continue according to the specified paths.
GBPJPY trade ideas
GbpjpyEntry in long with confirmation envelope in 30m the recoil we were waiting for to be able to enter
GBPJPY SELL PROJECTION As we can see , is all about same thing. Trendline breakout+ pullback+ liquidity sweep+ execution.
Once price takes out that high and pullback to the sell zone, we go short
GBP/JPY Breakout Imminent? Upward Momentum in Focus!After a prolonged period of consolidation, GBP/JPY looks primed for an upward move following last week’s daily trendline break. Momentum could drive prices higher early in the week, or we may see a retest of the trendline before pushing toward the range high. Will the breakout hold? Stay tuned for key levels and potential trade setups!
GBP/JPY March 8 2025Looks like the market may start off bearish but then turn around and become bullish. It is at the bottom of a daily wedge showing a good sign of pushing up to the Top of the wedge.
Long opportunityLooking for a short term move down into structure. its a untested area with a nice Risk to reward for a long position
SHORT GBPJPY GBPJPY Technical Analysis
February 7, 2025
Short Setup Analysis
Yen Strength
Daily: Major support break
4H: Price retesting EMA 21
Higher timeframe trend: Bearish
Technical Structure
Break of major support level on daily trend line
Retest of EMA 21 on 4-hour chart
Bearish momentum confirmed
Multiple timeframe alignment
show of strength in other yen pairs
Trade Setup
Entry: Short at EMA 21 retest (4H)
Stop Loss: Above recent swing high
Target: August 2024 support level
Entry Confirmation: Rejection at EMA 21 on 4h
BP/JPY Supply Zone & Short Opportunity📉 GBP/JPY Supply Zone & Short Opportunity 🚀
🔹 Timeframe: 2H
🔹 Key Resistance Zone: 192.15 - 192.56
🔹 Bias: Bearish 📉
🔹 Trade Idea: Looking for a rejection from the highlighted supply zone to go short. Price may retest the 192.5 area before a potential drop.
🔻 Targets:
1️⃣ First downside target: 190.50
2️⃣ Second downside target: 188.80 - 187.70
If price breaks and holds above 192.56, the bearish setup may be invalidated. Watching for confirmation before entry. 📊
Comprehensive Market Analysis Checklist!This checklist is designed to help you perform a thorough analysis of the market to make informed trading decisions. It encompasses a range of technical and fundamental questions that should be considered before entering a trade.
Market Overview and Direction
1. What is the overall direction of the market?
2. What are the directions of various market sectors?
3. What are the weekly and monthly charts showing?
4. Are the major, intermediate, and minor trends moving up, down, or sideways?
5. Where are the important support and resistance levels?
6. Where are the important trendlines or channels?
7. Is volume and open interest confirming the price action?
Technical Pattern Recognition
8. Where are the 33%, 50%, and 66% retracements?
9. Are there any price gaps, and what type are they?
10. Are there any major reversal patterns visible?
11. Are there any continuation patterns visible?
12. What are the price objectives from those patterns?
13. Which direction are the moving averages pointing?
Oscillators and Indicators
14. Are the oscillators overbought or oversold?
15. Are there any divergences apparent on the oscillators?
16. Are contrary opinion numbers showing any extremes?
Advanced Technical Analysis
17. What is the Elliott Wave pattern showing?
18. Are there any obvious 3 or 5 wave patterns?
19. What about Fibonacci retracements or projections?
20. Are there any cycle tops or bottoms due?
21. Is the market showing right or left translation?
Trend Analysis Tools
22. Which way is the computer trend moving: up, down, or sideways?
23. What are the point and figure charts or candlestick patterns showing?
Trade Setup and Risk Management
Once you’ve arrived at a bullish or bearish conclusion, ask yourself the following questions:
1. What is the market’s likely trend over the next several months?
2. Am I going to buy or sell this market?
3. How many units will I trade?
4. How much am I prepared to risk if I’m wrong?
5. What is my profit objective?
6. Where will I enter the market?
7. What type of order will I use?
8. Where will I place my protective stop?
This comprehensive analysis will help you assess the market conditions from all angles and develop a well-thought-out strategy before making any trading decisions.
__________________________________________________________________________________
Reference:
Murphy, John J. Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance), p. 455.
ELLIOTT WAVE IN MOTIONThis chart shows classic Flat correction that is in its final stages which would be labelled as Wave 5(Red) hence Wave C(Green) and therefore Wave B(Blue). When B is complete, it would mark the end of the correction and a move up at least 100% of Blue Wave A would begin. This would be Blue Wave C. The Market obeys Elliott Wave Principles in phenomenal ways. Ways that are Logical, Scientific and Mathematical, all encompassed on this beautiful principle. This is more than just a Theory. Its the Foundation of the Market and hence Trading.
GBP/JPY: 6/3/2025- HTF Perspective, price is consolidating, however, numerous opportunity will appear for scalpers.
H4:
1. 192.275, act as major resistance and price has respect the overall trendline which make sense for price to have some negative impact at it.
2. Previous candle closure act as short-term bearish opportunity, align with the resistance and rejection on the trendline above.
- Overall, I will stay neutral as I do not have an exact bias for this UNLESS a break of either trendline.
GBPJPY Maintains Bullish StrengthPrice has provided a solid entry after clearing buy side and sell side liquidity, with the NFP data coming in a few minutes. My bias remains if the bulls are able to find a solid entry around this zone.
GBPJPY BuyBullish flag breakout on GBPJPY. Would like to see tome bullish movement towards the 193,00 area
GBP/JPY Bullish Channel (07.3.25)The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 192.46
2nd Resistance – 193.40
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GBPJPY - SHORT POSSIBILITY- Price is currently retesting a resistence zone that clearly hasn't broke
- Chart is majorly bearish which indicate a downtrend tendency... the trend is your frend
- In lower timeframes, chart is actually respecting trendlines that pushing towards bearish movements
- Great risk/reward ratios
* Educational purpose only
check the trendConsidering the price behavior within the current support level, possible scenarios have been identified. The correction is expected to end within the specified timeframe.
"GBP/JPY Short Trade Analysis – Successful Take Profit ExecutionThis is a GBP/JPY (British Pound/Japanese Yen) 1-hour chart from TradingView, showing a short trade setup with take profit (TP) levels and stop loss.
Key Observations:
Entry Point (Red Arrow)
The trader appears to have entered a sell (short) position at a resistance level, marked by the red arrow.
Price was likely rejected at this level, signaling a potential downward move.
Stop Loss (Red Box - Upper Zone)
The stop loss is placed above the entry point, at 192.386.
If the price moves above this level, the trade will be closed at a loss.
Take Profit Levels (Blue Lines)
TP1 (~190.750): First target for partial profit-taking.
TP2 (~190.000): Second target for further downside move.
Final TP (~189.275): If the price reaches this level, the trade will be fully closed in profit.
Trade Outcome
The chart annotation suggests that all TP levels were hit, meaning the price successfully moved downward after entry.
The trader made a successful short trade and secured profits.
Market Structure & Strategy:
The price initially moved up, but failed to break resistance, leading to a bearish rejection.
The trader likely identified this as a liquidity grab or false breakout, then entered a short position.
The price dropped and hit all take profit levels, confirming the trade's success.
Conclusion:
This was a well-planned short trade with proper risk management.
The risk-to-reward ratio looks good, with potential reward outweighing risk.
The trade was executed based on technical levels (support/resistance) and price action.
GBPJPY A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for GBPJPY below:
The instrument tests an important psychological level 191.67
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 190.34
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
gbpjpytrend is up trend gbpjpy is on correction gbpjpy is up trend as you know trend is your friend so trade with trend
#GBPJPY Buy 188.3 - 188.1💎 #GBPJPY Buy 188.3 - 188.1 💎
Stoploss 187.7
Breakeven 188.35
TakeProfit 1: 188.5
TakeProfit 2: 188.7
TakeProfit 3: 188.9
TakeProfit 4: 189.1
TakeProfit 5: 189.3
TakeProfit 10: 190.3
TakeProfit 20: 192.3
TakeProfit 30: 194.3
Trade at your own risk
Protect your capital
The Wizard 🧙♂️
Thursday 02/27/2024 09:15 PM EST
GBPJPY is bullish for a whilewe are observing divergance on MACD .so the pair is preparing itself to go higher .the best and most fibo target is depicted on the chart
lets see what would happen
