Hi All, I wanted to share this with you, we have setting up here a potential Cypher and Bat Pattern. I wouldnt normally post a pattern that hasn't completed its C leg But in noticing this Cypher I thought to also keep an eye open for this BAT. All Cypher Details in Blue, Bat details in Pink. Blue Line Entry for Cypher which is 78.6% Retrace from X to C Leg if...
FX:GBPJPY BEARISH GARTLEY almost complete, if not completed already at resistance... Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: (eventual SELL option) 78.6% XA 127% ext AB Targets: TP1 38.2% AD TP2 61.8% AD Short @D Safe trades;
Wonderful sell opportunity Enter at 188.084
I am long Active Here with Take profits @ Flag And Stop Loss Quite Tight Below this candle low closing means that if next candle closes below this candle low then i am gonna get out of this Trade If you like my analysis do join my daily live Free Webinars by clicking the link below attendee.gotowebinar.com
GBPJPY is no more 195.00 ... TRADEIDEA365 from JAPAN
A nicely shaped Head and shoulder is forming on GBPJPY pair I am looking to short it here. The pattern looks promising.
GBP/JPY IS APPROACHING SIGNIFICANT RESISTANCE AT 194.59, OFFERING A LOW RISK SHORT TRADE AS A DOUBLE TOP MAY POTENTIALLY FORM. PRICE ACTION PREVIOUSLY SUGGESTED THE 194.59 LEVEL WAS PROTECTED BY SELLERS, A REJECTION OF R1 AGAIN EXPOSES THE DOWNSIDE OF 190.97 (S1) - A BREAK OF THE SHORT TERM TRENDLINE THAT HAS FORMED WOULD ADD EXTRA CONFIRMATION OF FURTHER...
After the completion of Wave 5 of wave 3 (From my previous trade set up). Wave 4 correction is on it's way. Break of the trend line confirms the completion of Wave 4. Sell at the break out.
GBPJPY REVERSE SELL TRADEIDEA365 from JAPAN
We have closed with a spinning top on the daily today, so will possibly be looking to short this pair. SL: 194.5 TP: 191.5 TP HIT! Profit of 200pips.
Bearish flag has been formed with todays price action. We might expect a fall to 0.382 Retracement area soon.
Overall trend is still uptrend Daily chart The current price is above EMA 50 & EMA 200 Possible counter-trend However, price seems weakened and finding its resistance at 194 area == pitchfork's midpoint 4H chart possible formation of Elliot wave 5 to be completed, suggesting to go south in coincide with MACD MA crossover Selling trigger method: A...
GBP/JPY APPEARS TO HAVE POTENTIALLY COMPLETED A BEARISH GARTLEY PATTERN, WITH THE C/D LEG COMPLETING ON THE 0.382 RETRACE OF LONG TERM SWING LOW/SWING HIGH. A SLOW DOWN ON APPROACH TO THE 0.382 RETRACE MAY OFFER UP A LOW RISK HIGH REWARD SHORT OPPORTUNITY, ALLOWING TRADERS TO JOIN NEWLY ESTABLISHED DOWNTREND AT A DECENT PRICE. RSI IS ATTEMPTING TO PIERCE THE...