GBP pairs are very volatile due to Brexit, so be careful. great ratio, best of luck !
We have a broken trend line on a very unstable pair, considering brexit and all. Don't risk too much on this pair as GBP acts really randomly, but with all that being said, this trade has a great ratio and we have already pulled back and am expecting upward movements to 157-158.
Look for completion of C wave on multiple degrees. Nonetheless, this move up will be within the corrective structure of higher degrees.
The Fibo Clustering of Big 1-2-3 and small 1-2-3 around 163.5 and 164.5 Who has position, please wait and trailing stop. (or exit before BOJ announcing) Who don't have, trade in the shorter TF. Cheers
Price may continue in downtrend to 160.907, if it breaks 160.621 then it'spossible for the price to down to the S&R level of 160.402. If so then look for price to retrace from 160.402 going in an uptrend and retest around 161.375 and retrace, look for a possible breakout "Long"
I think it will go up for a while, Fibo clustering at 50% = 158 Be sure that RR is good for you.
Amazing Finally it can break the resistant of daily chart. But, i still no order, BOJ is still important My plan,: No follow, still waiting.
Yesterday it is a sideway bar by bar. Hard to play with it. I stop loss for 2-3 times. I think this week has many news and decide to no trade until BOJ declared. Trade with carefully.
MY PLAN Finally, the market reviewed itself that end of 5th wave. It will becomes corrective stat. 1. A- It is the 1st wave or, 2. A ending and become B. Please do not trade this state. In my view, i think it is end of A and going up to make B. Lock profit a short time. Cheers!
TRADING PLAN Yesterday, i am busy after Finish short closed, so do not play the LONG. :( Remind that it is still uptrend in 4H, so we play for a retrace (corrective). 1.If it is a wave 2 in 4H, i think it is in the ABC Corrective and in the C state already Plan Play impulse of C (12345) and TP around 156 2.If it is the A, same TP too. : ) Cheers
Tf day. Uptrend Tf 4H. Uptrend Tf 1H. Uptrend It is in the 3rd wave and will go up more. Please watch for thr entrance.
We can look to sell gbpjpy since it just finished the 3rd wave of elliot waves at 1.618 retracement of wave 1, and now where looking for wave 4 to complete above the top of wave one and 65 sma. Any comments??
MY PLAN: Now the market is reveal that it is confirm that the uptrend and strong uptrend! We focus on the 3th extend wave. Fibo = 161.8 = 158 around that.
MY Trade Today: Last night, i trade and entry SELL around 154.710 but it's not end the B-Wave So i SELL more at the Top for bet around Fibo 61.8-78.6. Now it go down and break TL, so confirm that B-Wave end and going to C-wave with impulse 1-2-3-4-5 I add SELL entry on the Top of long - green candle stick. (open with the chart TF1min and i hedge with BUY and got...
Hello, guys Here is my trading plan today Waiting this candle stick for confirm downtrend IF it is end of wave B, it will go to wave C (1-2-3-4-5) Waiting for Wave 3 of C (easy trade) IF still go up it can go to 61.8 and 78.6 Trade carefully , I bet first around this price (Fibo=50%)
Wathing close... If this analysis makes sense to you give me a like and share with your friends. Thank you and good trades !!! *DISCLAIMER: Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should...
SUMMARY: The secondary trend of GBP/JPY is bullish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 50 day SMA and is taking support of 200 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 164.10 and support at the level of 158.40. If it breaks...
The reason why we feel GBPJPY may RISE. * On weekly basis it has just started moving UP. * To RISE and come near 164.86 levels * Stoch RSI (3,3,14,Close) is Rising. * RSI (14,CLOSE) is Rising. * CCI (20,CLOSE) is Rising. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :163.29,...