GBPJPY Bullish ideaby Zoom out and look at the daily timeframe we can find real destination.
- Look at the shadows, it can indicate oversold and high liquidity, But you have to act smartly and be careful of traps and nets that spread news
GBPJPY trade ideas
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)
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.
my buy setups in GBP JPY m15Hello my friends I want to have A BUY position on GBP JPY M15 currency pair. Thank you for your attention(NOT SIGNAL JUST AN IDEA)
GBPJPY Sell forecastGBPJPY New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business........ Set your own SL & TP.
GBPJPY LongIm long on GBPJPY because
Bullish Divergence are formed
Impulsive breakout with a health candle
Upper channel is broken
Retracement from Fib
GBPJPY Breakout of Falling ChannelHey Guys, GBPJPY after moving in a downward channel is breaking out towards upside with divergence on 4hr TF.
What do you guys think of this idea?
Please comment
GBPJPY UPDATE BEARISH TRADE SETUPPair Name: GBPJPY
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:GBPJPY is holding continuous down trend so after market retracement I can take sell entry . If your analysis matches it take a trade otherwise skip the trade.
Swing Trade
Short GBPJPY
Our Risk - 1%
Start protection of your profits from HGHER levels
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GBPJPY outlook GBPJPY has made a beautiful move lastly the overall trend on higher time frames is bullish but on H1 i am feeling like gold will get a dip if it breaks above this recent high and present a price action candle we will buy this pair as it reaches its recent weekly Resistance level if it breaks above it will be a buy to its global resistance or it will be a sell to recent resistance became support
Weekly Forecast - Spoilt for choice with opportunity this weekWill the dollar correct higher or is the correction done and we're about to sell off aggressively?
I'm more in favor of the former which would correlate structurally with the daily pullbacks we're seeing on EurUsd and AudUsd, which have formed 1H ranges respectively and are pending EPD mitigation for a sell off.
After missed trades on Yen pairs today, I'll be looking for consolidation over Asian session before a continuation of the bearish momentum during London or New York session tomorrow (10/09/2024).
British Pound Japanese Yen (GBP/JPY) - 09/09/2024GBPJPY - 09 Sept 2024
Analysis:
1. Market Behavior:
- GBPJPY typically moves from zone to zone
- Respects 4-hour structure points
2. Trade Opportunity:
- Sought selling opportunity at London open
- No bearish signal observed, resulting in no trade execution
- No setup = No signal = No trade
- Strong bearish candle closed before New York open (30-minute timeframe)
3. Entry Criteria:
a) Enter on a wick up at New York open
b) Enter on a break of the previous candle's low
4. Execution:
- Opted for entry on break of previous candle's low
- Uncertain about New York session's initial wick up as it wasn't at structure point. (A bearish signal at the zones could have justified entry on the wick up.)
Result:
- Successfully executed a 3R:R trade
Lessons:
1. Patience in waiting for clear setups pays off
2. Flexibility in entry strategies based on market conditions is crucial
3. Importance of having predefined criteria for trade execution
GBPJPYJen zit er bearish uit voor deze week.
Ik verwacht dat we alle liq. gaan ophalen. ik kijk daarom naar twee long entrees. 182.838 of 180.156.
We hebben namelijk oplopende liq achter gelaten en die hebben we nodig voor de volgende move omhoog.
Voor nu kijk ik alleen naar short met je sl boven de open liq. die op 189.83 zit. woensdag kan deze worden uitgenomen met een spike om vervolgens naar beneden te gaan.
Want we trekken nu allemaal sellers de komende dagen en die wil je uitwicken voordat de move verder omlaag gaat. Je wil niet dat hun voordeel hebben van de sell druk.
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Jen is bearish for this week.
I expect we will collect all liq. so I am looking at two long entries. 182.838 or 180.156.
We have left rising liq behind and we need that for the next move up.
For now I am only looking at short with your sl above the open liq. which is at 189.83. Wednesday this can be taken out with a spike and then go down.
Because we are now attracting all sellers in the coming days and you want to wick them out before the move goes further down. You don't want them to benefit from the sell pressure.
