GBP/JPYSell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
JPYGBP trade ideas
#GBPJPY 1DAYGBPJPY (4H Timeframe) Analysis
Market Structure:
The price is currently forming a symmetrical triangle pattern, indicating consolidation and decreasing volatility. This pattern suggests that the market is in indecision, and a breakout in either direction could lead to a strong move.
Forecast:
A breakout on either side will determine the next direction. Traders should wait for confirmation before entering a position.
Key Levels to Watch:
- Entry Zone: A buy position can be considered if the price breaks above the upper trendline, while a sell position can be considered if the price breaks below the lower trendline.
- Risk Management:
- Stop Loss: Placed beyond the breakout level to manage risk.
- Take Profit: Target key support or resistance levels based on the breakout direction.
Market Sentiment:
The symmetrical triangle pattern suggests that momentum is building up, and a strong move is expected after a breakout. Waiting for a clear confirmation will help avoid false signals.
GBPJPY - LongGBPJPY Analysis - LONG 👆
In this Chart GBPJPY H4 Timeframe: By Nii_Billions.
❤️This Chart is for GBPJPY market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BULLISH trend in GBPJPY, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
❤️Please, support our work with like & comment!❤️
GBPJPY Possible ScenarioThe head and shoulders pattern is nearing completion, signaling that this pair is poised for a bullish move. The price's reaction at the neckline is crucial. From a broader perspective, GBPJPY is rebounding from a long-term channel, and on the 4-hour timeframe, it has broken through a downward channel. These indicators collectively suggest a strong signal to prepare for opening a long position
GBPJPY Will Go Down! Short!
Here is our detailed technical review for GBPJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 191.536.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 188.947 level.
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 Price ActionHello Traders,
GBPJPY Update
As you can see, I’ve marked the 50% retracement level of the recent high and low (green point). The first move didn’t respect this 50% zone, which is why the second move gained strength and turned the 50% level into a support area. Additionally, we can observe liquidity building up above this zone.
If we see strong bullish momentum, we’ll look for a long opportunity. Always remember to manage your risk carefully. For precise entries, use lower timeframes like the 5M or 15M.
Wishing you all the best and happy trading!
GBP/JPY "The Guppy" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/JPY "The Guppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Buy above (193.000) then make your move - Bullish profits await!"
however I advise placing Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑:
Thief SL placed at the recent / nearest low level Using the 2H timeframe (190.000) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
1st Target - 197.000 (or) Escape Before the Target
Final Target - 202.000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
🎇GBP/JPY "The Guppy" Forex Market is currently experiencing a bullish trend,., driven by several key factors.
⭐Market Overview
Current Price: 191.300
30-Day High: 195.500
30-Day Low: 185.000
30-Day Average: 190.000
Previous Close Price: 191.000
Change: 0.300
Percent Change: 0.16%
⭐Fundamental Analysis
Economic Indicators: The UK's GDP growth rate is expected to slow down to 1.4% in 2025, while Japan's GDP growth rate is expected to remain steady at 1.2%.
Monetary Policy: The Bank of England is expected to maintain its interest rates at 0.1% in 2025, while the Bank of Japan is expected to maintain its interest rates at -0.1%.
Trade Balance: The UK's trade balance is expected to remain in deficit, while Japan's trade balance is expected to remain in surplus.
Inflation Rate: The UK's inflation rate is expected to rise to 2.5% in 2025, while Japan's inflation rate is expected to remain steady at 1.5%.
⭐Macro Economics
Global Economic Trends: The ongoing global economic recovery is expected to drive up demand for the GBP, driven by increasing investor confidence.
Inflation Rate: Global inflation is expected to rise to 3.8% in 2025, potentially increasing demand for the GBP as a hedge against inflation.
Interest Rates: Central banks are expected to maintain low interest rates in 2025, potentially increasing demand for the GBP.
Commodity Prices: Commodity prices are expected to rise by 5% in 2025, driven by increasing demand for raw materials.
⭐COT Data
Non-Commercial Traders (Institutional):
Net Long Positions: 55%
Open Interest: 100,000 contracts
Commercial Traders (Companies):
Net Short Positions: 35%
Open Interest: 50,000 contracts
Non-Reportable Traders (Small Traders):
Net Long Positions: 10%
Open Interest: 10,000 contracts
COT Ratio: 1.6 (indicating a bullish trend)
⭐Sentimental Outlook
Institutional Sentiment: 60% bullish, 40% bearish.
Retail Sentiment: 55% bullish, 45% bearish.
Market Mood: The overall market mood is bullish, with a sentiment score of +40.
⭐Technical Analysis
Trend: The GBP/JPY pair is experiencing a strong downtrend, with the market respecting the 20-period Weighted Moving Average (WMA) as dynamic resistance
Key Levels: Support Zone: 187.500 - 187.334, Resistance Zones: 188.414 & 190.021 - 190.313
Target: 189.87, with a potential further decline to 186.2
⭐Next Move Prediction
Bullish Move: Potential upside to 195.000-197.000.
Target: 197.000 (primary target), 202.000 (secondary target)
Next Swing Target: 202.000 (potential swing high)
Stop Loss: 185.000 (below the 30-day low)
Risk-Reward Ratio: 1:2 (potential profit of 5.700 vs potential loss of 2.850)
⭐Future Data Summary
1-Day: -0.03%
5-Days: 0.80%
1-Month: 0.68%
6-Months: 0.55%
Year-to-Date: -2.84%
1-Year: 1.04%
5-Years: 33.90%
⭐Overall Outlook
The overall outlook for GBP/JPY is bullish, driven by a combination of fundamental, technical, and sentimental factors. The expected increase in global economic growth, growing demand for the GBP, and bullish market sentiment are all supporting the bullish trend. However, investors should remain cautious of potential downside risks, including changes in global economic trends and unexpected regulatory developments.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
Gbpjpy still bearishMy last analysis was looking for an entry around 193.20. Price doesn’t seem like it wants to hit that area. (Reference d1). Looks like a bull flag has been made but our first wave is showing a bearish exit. I’m in the trade short already looking to break our previous low. Good luck out there!!
GBPJPY Bouncing off Failed Swing LineHi Traders!
GJ had a nice push to the upside reaching 193.000 making a new HL on the 4HR TF. Right now, price is pulling back bouncing off the Failed Swing line. If price broke below 191.000 with continuation, then I'd look to sell to the 4HR CHOCH area around 190.000. However, price isn't telling me that it wants to go lower. In addition, the candles printing on the Daily are smaller and not closing below 191.000 so that could indicate that price may push to the upside.
If GJ can give me more confirmation that it'll have the momentum to push past 193.000, then the inverted head and shoulder pattern might play out. I'd like to see more of a strong bullish close above 192.000 on a higher TF for me to think about a buy.
Lets see if GJ will come through for us, and give us a nice set up!🫡