Globaly the GBP was show some waekness vs all the Pairs The only condition is the price move below 143.700 with a confirmation with a break uptrendline so ext target is the Fibo 50% @ 136.600
Making bear Flag and looking for drop in downside .
Waiting For Correction in Lower Time frame . after Confirmation we can sell for This Big Drop in downside MOve,
GBPJPY Shoot up like a crazy in upside making higher High and now Price reject for Short Term SELL Move in downside. After Bearflag i m expecting Downside Move.
Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Waving market structure. 4 HOUR Prices at range low, hold long on this one! DAILY Sideways market at its lows, high chance to rise now. - FOREX SETUP BUY GBPJPY 1ST ENTRY @ 140.160 2ND ENTRY @ 139.780 SL @ 139.120 TP @ 141.310 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to add a few pips to all...
A higher proportion of retail traders are net long GBPJPY which is often a very good sign the market is going to crush them lower, however on the 1hr and 2hr chart there is a good technical buy setup. Providing price keeps its head above water at the 136 level I will maintain a buy position.
Price is currently showing bearish potential. We saw price move bullish into what i would see as a pullback and we are currently at a point of resistance where we may see price break lower toward the our take profit level. STOP LOSS - RED LINE TAKE PROFIT - RED LINE Risk exposure - 1% RR - 1:2.5 Hit that follow button !
Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far. Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME! 1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end...
BUY & SELL Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !!
GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension). Stochastic (34,5,3) is also...
Long GBPJPY on H4 Reason: Reached .618 on Fibo New Higher High Buy at 142.625 TP at 145.261 SL at 140.958
Nice cluster zone which failed 2 times at 8 tries. Also divergence on 1H and 4H, stoploss can be placed nearby the entry for low risk. Ideal entry point would be 147,700.