Gbpjpysell
GBPJPY - SELLFeel free to follow me on tradingview for daily analysis!
Patience zone means: If price gets there look for a confirmation before entering the trade.
GBP/JPY - market providing opportunity to sell? Or bear trap?GBP/JPY has been pushing higher since the start of July. Last week price ran into a weekly descending resistance zone, where bullish momentum faltered and even reversed during trading on Friday. The first day of the trading week, yesterday, was also a bearish day, which we are interpreting that bears have entered the market.
As price is pushing higher again in the early hours of the trading today, the market may be providing another chance to enter the market short. If bearish momentum continues on the lower time frames later in the day we will be looking for a short entry. This bearish sentiment may only be enough to push the price back to daily ascending trend line support and the support of the 50 and 100 DAY moving averages so take profits will likely be at approx. 137.4.
This analysis will be invalidated if the price holds and closes above the weekly resistance zone and the last higher high.
GBP/JPY SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/JPY: Daytrade-Preparation
Market-Sell-Order: 138,560
Stop-Loss: 139,150
Target 1: 138,090
Target 2: 137,600
Target 3: 137,220
Stop-Loss: 59 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,30
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Peace and good trades
Irasor
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GBPJPY, 4hr timeframe, price back into zone after false breakHello my friends,
I previosly posted about the chance of GBPJPY making a broadening wedge pattern.
Looking at the previous daily candle of all GBP pairs, i could say that most of the pairs making a bearish reversal candle so there is possibility GBPJPY could turn lower as well.
I am closing my previous buy and cut my losses at138.90 for -20 pips.
At the same time i switched into sell position because the last 4hr candle close also support further downside.
Sell GBPJPY 138.90
Stop loss 139.50
Take profit 137.85
RR ratio is 1 : 1.75
Risk only 1% of your equity
Set stop loss to entry once price move below 138.50
Good luck
GbpJpy outlookAfter reaching 140 zone for the second time in the past 2 months, GbpJpy rolled back and is trading under 139 at the time of writing.
I expect this resistance to be strong and for the pair to drop to 136.50 in the medium term.
In my opinion, rallies should be sold and only a daily close above 140.50 would change this outlook
Look for Short entry on GBPJPYWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit.
GBPJPY POTENTIAL SHORT TRADE SETUPHi Traders,
- In the GBPJPY 2H chart above, price is trading within an ascending wedge pattern.
- Price made a multi-touch on the upper trendline which is suggesting deceleration of buyers.
- I will be watching out for the breakout of the green levels on the chart which will also lead to the break of the ascending trend lines for short entries.
- Price has the potential to move lower towards the major ascending trendline on the chart.
I'll be watching how this plays out in the days ahead.
Kindly support this analysis with your likes and comments.
Thanks for reading!
Veejahbee.
GBPJPY / SHORTPrice has made a double top and is consolidating in the highlighted area
I am waiting for price to break and retest before selling
GBPJPY Short Be Quick?This is my short idea that is soon to reach entry price.
I expect another push down past the first bearish move today.
If you like this idea please follow for more currency and commodity trade ideas.
GBP/JPY: +400 pips to catch NOW Learn About The Reversal SignalsDisclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
GBP/JPY SHORT OPPORTUNITY (HOURLY):GJ bullish on weekly and monthly. Retest of lower bounds, before climbing higher.
GBP/JPY Wave Analysis
The counter has completed its first leg (wave A) of the bear cycle with a 5-wave formation.
Now, it is at a strong resistance zone which can trigger the wave B correction.
Hence, we expect the pair to be bearish in the near-term.
