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GBPJPY trade ideas

GBPJPY-SHORT: Trade Recap, 16/09/2024Bias Analysis: While the daily and 4H biases were both bearish, price reacted out of a 4H order block before consolidating on the 1H range, signalling that a deeper pullback may be on the cards. Once price swept liquidity to the downside on the 1H and then again on the 15M, this time as it protracted lower during London open, My trade parameters had been met and I seeked entry confirmation on the 15M and micro-timeframes (5M/1M) Grade: High Quality Valid What I did well or could've done better - I remained neutral on this pair and had both a long and short bias heading into the week. I waited for the market to show me which direction it was most likely to distribute in and executed accordingly.
Long
by The_Modern_Day_Trader
GBPJPY "The Guppy" Bank Money Heist Plan on Bullish Side Hola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist GBP/JPY "The Guppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : 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. 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 Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low 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. Stay tuned with me and see you again with another Heist Plan.....
Long
by Thief_Trader
2
GBPJPYPlan followed very easy to see when i fall off track and dont follow my plan, not uploading my trades to tradingview leads to crazy over trading. i need to learn to live with the fact i will have loss days and the goal is to control how much i lose. the idea that i have to spend entire week breaking even is something at this stage i should have grown out of. KEY 1-2 Trades per day SL set follow plan if i lose the first trade, within reason i can take another to break even, but two losses, and chill till another day. 30 min large engulfing candle. 50-60 pip target reached, moved SL into break even. daily target reached
Long
by cassiuskemetic
GBPJPY H1 | Bullish BounceBased on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 184.55, which is a multi-swing low support. Our take profit will be at 185.42, which is an overlap esistance level close to 50% Fibo retrtacement The stop loss will be placed at 183.71, which is a swing low support level. 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, previously FXCM EU 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.
Long
by FXCM
GBPJPY SHORTM Bearish, price rejected M Res twice at 38.2 Fib Level. EMA resistance Price currently sitting just above 20 EMA potential support but if broken once again should see sell off W Bearish Continuation, LH,LL printed. EMA Resistance D Bearish engulfing coming of a pullback to most current lows at 38.2 Daily Fib along with Strong EMA resistance. Price is currently at a strong support and physcological level 184.50 area 4hr Price Doji'ing of key level at 184.50 but this was actually the pullback on 1hr timeframe price breached but cannot close above 10 or 20 Ema which is shown firm resistance. Setup: I would wait for break below 184.50 with a retest of that level and the wicks ICMARKETS:GBPJPY
Short
by MarlyForex1
GBPJPY swing plan 1. Market Structure: The chart shows GBP/JPY in a bearish trend, which is apparent from the price's decline over the past few weeks. The price seems to be approaching a potential support zone, as indicated by the horizontal lines. You are likely considering either a potential bounce from this level or a continuation of the bearish trend. 2. Trade Setup: Buy Plan (Upward Arrow): You seem to anticipate that the price may first move upward after reaching the current support level. The first target would likely be the area around 192.83 - 194.86 (marked by the purple resistance zone). This is likely a retracement or bounce play as the market is oversold on the RSI indicator, with RSI hovering near 38, which may indicate a reversal or pullback to the upside. Sell Plan (Downward Arrow): Once the price reaches the resistance zone near 192-194, the sell plan would come into play if the resistance holds. The second downward arrow indicates a potential major selloff after this resistance, possibly down to the 179.87 level. This looks like a continuation of the broader bearish trend after a corrective move up. 3. Key Levels: Support Level: Around 184.83, which appears to be the level where you anticipate a bounce for the buy entry. Resistance Level: Between 192.83 - 194.86, which is the region where you would look to either take profit on the long position or set up a short trade. Profit Targets: Long trade profit target: Around 192-194. Short trade profit target: Near 181.93 or lower, around 179.87. 4. Indicators: RSI: The RSI shows an oversold condition, indicating a possible temporary relief rally, supporting the idea of a short-term bounce before continuing the downtrend. Conclusion: Your plan seems to involve two potential plays: Buying around 184.83, aiming for a retracement toward the resistance around 192.83-194.86. Selling at the resistance level, aiming for a larger bearish move toward 181.93 or even down to 179.87 if the price fails to break through the resistance. This strategy takes into account both a short-term reversal and the broader bearish trend.
Short
by Ryantungle
GBPJPY - Bearish Move Expected After Hitting ResistanceGBPJPY has just touched a red line resistance on the chart and is likely to head downward toward the green line support level. This movement suggests a potential selling opportunity as price might seek support at the lower level. Keep an eye on how the price reacts in this zone for a possible bounce. Disclaimer: Trading involves risk, and past performance is not indicative of future results. Always conduct your own analysis before making any trading decisions. Feel free to comment, engage with this post, and follow for more trading insights!
Short
by Remora_traders
4