Ring your bank and tell them you will be making a large deposit in the next few months.. Actually don't put your money in the bank as there is going to be a cyber attack that will take the banks down and your money with it. And if the cyber attack doesn't take your money the banks will anyway as they are going to be in massive debt and will be able to just take...
We have been focusing on JPY for a while now and after the spike last week, we may be seeing a reversal finally happening. GBPJPY appears to be in the perfect place to reverse (see bigger timeframe chart below).
For confirmation, will wait for a break of the ascending correction.
Good luck and trade safe!
We've been looking at GBPJPY for a while now and been waiting for that break of the ascending trendline. We finally got that! Price retested the back of the trendline and is on it's way down.
Only thing in it's way is the daily level where we may see some levels of resistance. Keep a close eye for a retest of the daily level!
Goodluck and trade safe!
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly'...
The long awaited GBPJPY short is here. Look for confirmation via break of trendline and retest and hold this badboy! This could be a really aggressive move as we're expecting JPY strength and GBP weakness.
See links below as to why we're expecting JPY strength and GBP weakness.
Goodluck and trade safe.
. There is a possibility of temporary retracement to the suggested resistance line (150.35).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
GBPJPY has been in a major bull run for almost a year. It has finally reached the highs of December 2019 where its met with resistance. On the lower timeframe we can see a macd divergence which we can use to get a short term short set up whilst we wait to see what happens next.
See chart below for the short term set up.
GBP/JPY Analysis GBP Buy - Forecast Higher GBP & Lower JPY & CHF
Despite A lot of retail calling Shorts this week we have seen continued strength in the GBP across several of the Majors.
As per our Heat Map guiding our BIAS, this week once again it proves our Property system is a great free addition to finding and filtering the best currencies to pair up...