Going Shorts on GJ after a huge momentum to the upside the price respected the ressistance that has been respected 3 times in the past.. also we can see a the movement of this pair withing a chanel which also respected (trendlines).
Short limits set to catch a potential top. Higher risk entry CHECK OUT 2021 SIGNAL TRADE JOURNAL FOR INVEST BEYOND. docs.google.com
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.
We are looking for GBPJPY to move down next week like most of the JPY pairs, sell setup here would give you decent pips and better risk to reward ratio. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and...
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 .