This is purely technical, still looking for fundamental data to support the new uptrend. The will Retail GBP news on 19th, so i will wait for a proper entry and setup later. But overall if i am to take this i would risk just 1%.
GBP/JPY move in uptrend in uptrend channel rebound from Demand zone
Trade based on the fact that we must grab some liquidity to drive the opposite way. I believe if we can come down to 191.256 before flipping at 192.339 This will be a juicy trade. Trade is invalid if 192.339 is tapped before tapping 191.256 SL to BE will be managed manually depending on price action.
This is my new strategy, I have been mastering, last week on demo, this strategy, made me $12 000 on demo, the liquidity might be swept, due to friday volatility, that could be a possibility, I'm seeing a break of structure and a break of a low, so this would be a counter trend trade
The current buy zone for GBPJPY is at 190.65, indicating a potential entry point for traders looking to initiate a long position. This level suggests a favorable opportunity for buyers to enter the market and capitalize on potential upward movement in the currency pair. Additionally, setting take profit levels at 191.00, 191.50, and 192.00 allows traders to lock...
My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 192.66 pivot level. Bias - Bearish My Stop Loss - 193.33 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 191.60 About Used Indicators: The average true range ATR plays an...
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
The GBP/JPY pair is currently in a downtrend and is under pressure due to a number of factors, including the widening interest rate differential, economic concerns, and technical factors.
GBPJPY might continue its decline towards the level of 185. On the daily timeframe, the level of 185 aligns with a demand area, creating a confluence. On the H4 timeframe, we can see that the price has formed a bearish divergence. However, traders should remain cautious as geopolitical tensions in the Middle East and potential intervention from the BOJ could...
- Previous Day candle closed Bullish. If we are looking for buys we will take on until resistance formed on 7th aug 15 daily Resistance. - If we are looking for sells we take on until 5th june 15 and tp2 31st oct 02 daily Support. - Wait for 1 hour candle to close above or below zone to enter trade. - We risk 3 - 5% of our capital. Close trades once price reverses...
Analyzing market trends and identifying potential opportunities is crucial for making informed decisions. One such opportunity currently presenting itself is the bearish setup on GBP/JPY, indicating a significant shift in momentum. As the price of GBP/JPY reached the 193.000 value, it coincided with the 78.8% Fibonacci level, marking a critical point of...
I've twice banked pips shorting GBP/JPY from the WR1 pivot this week and as can be seen the price is back at this level. We have a nice tweezer double top on H1 for the previous 2 candles and as SELLERS are clearly prepared to move into this market from this level, it looka good SHORT opportunity. However. The Andean Oscillator is not yet clearly giving a SELL...
GBP/JPY is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 191.495 Why we like it: There is a pullback resistance level which aligns with the 50% Fibonacci retracement Stop loss: 192.562 Why we like it: There is a pullback resistance...
Hello Traders In This Chart CADJPY HOURLY Forex Forecast By FOREX PLANET today CADJPY analysis 👆 🟢This Chart includes_ (CADJPY market update) 🟢What is The Next Opportunity on CADJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
1. Price in Overall Uptrend Direction: This means that the general movement of the price of whatever asset or security is being discussed is moving upwards over a period of time. In other words, the value of the asset is increasing over the long term. 2. Uptrend Structure Being Maintained: This indicates that the pattern of higher highs and higher lows, which...