GBPJPY - Consolidated... Waiting for Bearish Push
147.5 - TP 144.6 - SL Bullish H1 Candle on GJ For Entry ONLY if price Holds 144.6 Watch Video For Details.
GBPJPY - BULLISH - TP 148.3 #Forex #FxProNow I see a level of support on the H4 TF... Looking to make a new high on the H4 and cont the up trend.
The Pound-Yen is now in an overall uptrend after breaking daily structure. I am currently awaiting a pullback to form our first HL after which I will be looking for possible entry opportunities to flow along with the overall strong uptrend. It might be tempting to trade the retracement but flowing with the overall trend generally results in better quality high...
GBPJPY - BEARISH - Intraday Pullback to $145.5 - 200 Pips #Forex We have seen GJ on a very strong and long push to the upside with no retracement on the H4 chart. I think here it is... Right now we are at a possible level of resistance at this Daily Key Level $147.5. I will be looking for my TP @ 145.5 - Potential Point B - H4 TF Which is in Confluence with...
GBPJPY - BULLISH - H4 Chart - Retrace Then Push to 147.3 #Forex So with the recent bullish action on the H4 TF with a HH forming I have to go with the current trend. I see an interesting thing that has formed... Randomly, I placed my fibs where price currently is from Point A @ 141.1 & Point B @ 146. When Placed I have seen many things... Future Point C...
GBPJPY - Bearish - To 143.5 Then Move to the Up to 147.5 #Forex Looking for GJ to push downwards to 143.5 (38.2%) or 142.5 (61.8%) on H1 Fibs... Then continue towards (-61.8%) 147.5 as time continues.
Right now GJ is still consolidating... I still see GJ pushing to the downside... Daily's Fibs show no matter if price is going to continue to the upside for an uptrend of the Daily or downtrend for the daily... I still see 140.777 getting hit.
As you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this...
Need a confirmation signals in order to get involved in this trades
Short video highlighting a possible long setup on the 1HR chart for GBPJPY. This setup is based solely on a demand zone and I would be looking risk/reward above 6 potentially. Right now, I'm going to be monitoring the pair and watching how price action enters the zone in order to make the final call on whether I will take it or not.