Ascending TriangleThis pattern has seen a long consolidation, and now there has been a false breakout which provides the best entry to go long, place your orders and lets make money
JPYGBP trade ideas
GBPJPY Bullish IdeaI am looking for confirmation once it reaches the level of interest.
I'll update if I take or not.
Waiting to see a breakout
GBPJPY3 wins a week
what i'm aiming for ( fixed sl )
better risk management ( use tp or better scaling )
10 moves on GBPJPY 20-50 pips per move.
75% win rate, less trades
follow your plan
Plan followed.
GBPJPY BullishGBP/JPY is displaying strong bullish momentum, having broken through its resistance (neckline), which signals a buying opportunity. Fundamentally, the GBP is stronger than the JPY, and historical data for September supports a bullish trend for this pair.
IDEA GBPJPY LONG POSITION Pair : GBPJPY
Position : LONG ( BUY )
Entry Price : 192.150
STOP LOSS @ 191.700
TP 1 @ 192.650
TP 2 @ 193.050
TP 3 @ 195.500 ( Trailing SL )
My "What to watch"The last 12 days, this daily chart has been touching the institutional level at 192.000 around 6 times. Could be something to watch
GBPJPY AnalysisGBPJPY has a minor demand zone which may be more effective than expected since the pair is in a bullish order-flow, but regardless of the the minor demand zone we are presented with an area of demand that might be our main point of entry as we have liquidity above the demand area which makes the demand area more strong. What is more important is that we wait for our confirmations at each of the given areas in order to avoid losses.
wait for the BREAKSo price has been trading within this range for a while now
price has been respecting daily strong structure bouncing back and forth
all we have to do is wait for a break and retest to either the upside for a potential move higher into daily structure
now if price respects resistance where price is currently sitting at she can possibly head downwards back into support
GBPJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPJPYGBPJPY analyze on H4 timeframe and also on H1.
We are close to breaking outside the triangle on H4 but need confirmation.
GBPJPY Idea for the week...Price is sitting on a critical resistant level which might break give us a retest and head for longs OR reject the area as it has been for a number of times and head for shorts.
GBPJPY BULLISH-I'll be focusing on a 4hr TF
-Looking for a retracement to that +OB(the lower one.
-I'll be looking at Asian session and London session for my entry
GBPJPY BUY IDEAGBPJPY at a very important level of resistance, a breakout of that level Will signal a bullish momentum. Stay Tuned!
GBPJPY - Stars Aligned IF we look at the preceding 2 months for this pair on the Weekly Chart
1. Evening Star - July starts with a bullish candle , followed by a Shooting Star and then a bearish candle. Together these 3 candles form the Evening Star , a bearish reversal pattern. The rest of the month follows through with successive extended range bearish candles.
2. Morning Star - August starts with a large Hammer , testing the 3rd Standard Deviation and cementing the lowest low. Next a bullish candle appears. We now have a formation of the Morning Star, a bullish reversal pattern. The 3rd week in August is closer to a Deviant Dragonfly, also a bullish sign. August ends with a bullish candlestick.
On the daily chart we can see the consolidation of later August. Price is respecting 192, and there is compression evident with smaller real bodies.
What's next ?
Looking for a potential Flat Channel Breakout next week. The target would be a confluence of
1. Supply Zone - 197.50
2. Bollinger Channel Midpoint - 197.00
GBPJPY SELL PROJECTION GJ is in an uptrend closing up but with a demand level. The demand level has a very strong zibe with four touches already so I expect price to go short.
GBPJPY SELL PROJECTION GJ is in an uptrend closing up but with a demand level. The demand level has a very strong zibe with four touches already so I expect price to go short.
GBPJPY SELL PROJECTION GJ is in am uptrend with a very strong demand zone. I expect price to form the tail of the triangle and we can actually go short
WEEKEND VISION GBPJPY The market is two weeks and it is moving sideways maybe this week we are witnessing the formation of higher bottoms and highs
GBPJPY Will Grow! Buy!
Here is our detailed technical review for GBPJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 191.937.
Considering the today's price action, probabilities will be high to see a movement to 193.494.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPJPY 1H Finally Going to Jump?
Strategy Explanation
GBPJPY has been consolidating for almost 2 weeks on 1H chart, plenty of traps have been set within this range, thus a lot of liquidity has been generated presumably. The question is: In the coming week, will GBPJPY finally break out the resistance level and activate all potential BUY limit orders to push the price up towards target zones further above (seen on the chart)?
I think it is very likely that the current 1H purple demand zone is where the market will jump from, so a pretty simple BUY limit order can be set up around this zone(see the LONG Position widget):
Entry: 191.638
Stop Loss: 191.030
Take Profit: 194.703 (potential 4H Supply Zone from 194.703 to 197.578)
Risk Reward Ratio: 5.0
Cautions
If the red "Caution level" at 190.900 is reached first, then the consolidation period of GBPJPY probably will be continuing and new market analysis will be made.
I don't recommend risk too much on this trade since no upward confirmation signals has formed yet, but it is still a trade worth taking concerning the RRR is around 5. Higher quality BUY opportunities can be found after the 1H resistance level has been truly broken, if you don't feel safe on the current one. Remember: Trading is a game of probability and Risk Management is the key.
GBPJPY THESISSo, this is my raw thesis for pound yen over the long term.
Ideally, I want to keep this reference because this is my long-term outlook on this instrument.
Of course, the market can always move and change direction, but my confidence will be looking at capitalizing on this instrument as price confirms entry and exit points along the way.
