Price is at a key level where it has rejected before. In my eyes I would like to see price fall to 140.000 before another bullish run.
Today's candle is definitely one of the candle that is important as we determine how GBPJPY may move in the next few days. The question that some of you may ask is if this is a retest for a BULLISH move or a fakeout. Personally, I see this more as a fakeout as 138.28 price level is where a strong resistance level lies and we definitely say a rejection for today's...
Potential consolidation setup for coming week - multiple tests of either price zone, giving confirmation for bearish entry.
GBPJPY - H4 - SELL Wait for a Pullback on Fibonacci 0.382 and SELL @ Breakout 131.80 ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Entry: 131.80 | Stoploss: 132.60 | Takeprofit1: 129.10 | ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ If you like this idea please click the like button to support us, thanks. ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Disclaimer: All information...
Signs of Bearish GBPJPY: - Weak GBP - Strong YEN (powered also by weak OIL) - Wicks from above at 1hour - Rejected by RSI 50 at 4H (going back down) Wait for the break of triangle at 1 hour before shorting. For more ideas, please do support by LIKE, FOLLOW or drop some COMMENTS. Thank you!
Good Morning Traders, GBPJPY went nicely towards prediction, for 40+ pips, and now it is heading for the next SUPPORT ZONE. However, if that support zone holds, that would be a double bottom, and we will wait for more bullish candle to form like BULLISH ENGULFING CANDLE, or BULLISH PIN BAR on HIGHER TIME FRAME. If this analysis makes sense or matches yours,...
Looking for More drop in downside. Let see How Performe.
Structure Looking For Sell setup for downside. Rising Wedge and Duble Top Patterns Both are Reversal Pattern. Good Luck
GBPJPY Looking in downtrend for SEll , Let see how performe .
With no major News coming out during the day which an effect the pair directly we must only watch out for a slight impact when the News regarding USD (consumer Price Index comes out Today). News on GBP Consumer Price Index MoM which would be released on Wednesday could set off a directional movement for this Pair. Till that time only a slight impulse is expected...
With no major News coming out during the day which an effect the pair directly we must only watch out for a slight impact when the News regarding USD (consumer Price Index comes out Today). News on GBP Consumer Price Index MoM which would be released on Wednesday could set off a directional movement for this Pair. Till that time only a slight impulse is expected...
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,
Just as a reminder of what i have to look and wait for in my trades.
Anticipating shift in trend downwards as price action demonstrates a strong momentum swing down. Additionally, MACD + Triple Time Frame RSI provide additional support for my idea
If we get another high, maintain divergence and get a bearish candle I'll short and look to ride to the 50% fib