Price gets rejected near upper trendline. High probability trade with good risk reward ratio of 1:3
Quarter point entry. H&S pattern. Waiting for structure to be broken on higher timeframe to feel safer.
Hey traders, here you see the consolidation candles, it may seems like it pushing pass the trendline and soon to be making LH to the downside.
Hello traders, a much better and improved chart. look for patterns or breakouts, if not it will go against you. trade smart not hard. trade 20 pips a day and it will change your life forever. Thanks for reading!
GBPJPY Potential Sell Opportunity. Will wait for price action at these levels for further confirmation before entering. Will update later!
GBP/JPY cleared the Daily liquidity level and made a friday reversal. After an extended move to the upside on GJ we can now assume that we are going down for at least a week, together with a recovery on the DXY. Fundamentally its tough to say if the DXY is going to recover this week, but thats what I am looking for anyways, till it proves me wrong (which can...
SELL 133.80 SL 135.00 TP1 132.00 TP2 129.00 TP3 126.00 Join my Telegram Chat for PREMIUM SIGNALS in Forex. For only $10 a month you will get 50+ signals every week. Get your Forex career started now! 7 Day Free Trial bit.ly/GETPREMIUMSIGNALSNOW
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be...
GBJPY put series of higher lows indicating potential bullish trend. Weekly Time Frame confirms the possibility of decent uptrend. Entry is based on 4-hour time frame, yes, little bit late. Also second high is not higher than the previous one. Risk/Reward ratio is quite decent although I do not expect to rally fully to the top. Important is to keep in mind that the...
Since breaking the previous lower boundary of the up channel, I believe we are now in the formation of a down channel. I'll be waiting eagerly to see how this develops and if we hit the top of the channel again, I'll be shorting the pair, hopefully for some nice profits. Will keep this updated.
Lining up for a good retrace then a really good push , DYOR etc etc
short term trade on GBPJPY to go long.
GBPJPY broke through the level where the last higher high began, this means that we're in the sellers market. price retraced 40%, took a short from here.
HERE i have a few indicators hinting towards a coming uptrend As the larger time frames are still in a strong UPTREND we can see some small fall before a major rise