Monthly downside momentum broken Price currently at price levels where counter trend longs are better probability Need evidence of buying on smaller time frames first though. Also, profit potential for longs capped by recently created monthly SZ above price
Feel free to comment/like Trade will be active as soon as prices touch the orange dots.
Please check comments on charts. Feel free to like and comment
10th Post. FX:GBPJPY Any comments and suggestions are welcome. This on my 4 hour watchlist; Potential Cypher Pattern forming. We have a valid C leg, but this is still an early one to call, but worth keeping an eye on it.
GBP/JPY SHORT TP1 > 156.30 TP2 > 148.80
Monthly is ranging and price hit into a strong support region. Weekly is in a strong downtrend. Daily is a strong downtrend. If price falters at this level or above at 200EMA or higher at 170.2, we have potential shorts. They are Tier 1 shorts because monthly is ranging and we are close to a strong support level.
Clear breakout and targets.
A continuous pattern awaiting breakout.
Well it looks like a bull flag.....If it is than look to buy above the flag.... Buy @ 186 TP @ 188 SL @ 184
Well currently Price is looking oversold....At the same time it looks like a short breakout area 186.50.... Short @ 186.50 SL @ 187.50 TP 1 @ 186.05 (possible in the short term according to h4) TP 2 @ 185.32 (possible if price closes below 186Yen first) TP 3 @ 184.30 (possible if price closes below 185Yen)
Great scalp yesterday, another one is set up, we're in a small wedge right now,so we can trade the breakout also.
Chart tells everthing. when conditions okey i will take position.
Well it looks like after an impulse wave, the price is forming a corrective wave type structure which could later form into a triple bottom like structure... Short @ 185 SL @ 187 TP 1 @ 184 (for the least patient) TP 2 @ 183 (for the patient) TP 3 @ 181 (for the boring hold forever type investor)
GBP/JPY - Daily Setup / Price action My Technical analysis / Ideas and Tips. **Simple Trading** ***Look at the bigger picture*** +Support and Resistance + Trading patterns +Moving averages +Trend lines +Fibonacci Retracement+ Supply & demand (Check for strong impact news before you start trading)