GBPJPY possible double top 19th May daily key reversal bar made a new high closed towards the low indication for weakness ahead, Need to break below 171.15 for target 170.30.
Gbpjpyshort
GbpJpy- Sell on confirmationSince the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172.
However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168.
At this moment GbpJpy is trading near resistance and is in a consolidation.
Short-term support lies at 171.50 and a break under this support could lead to further losses and towards to lower boundary of the range.
Aggressive traders could use this break as a signal for opening short trades, keeping in mind that they trade against the trend.
Sell GBP/JPY from the resistance level + double top?GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation
of a bearish candlestick in the resistance level thus leading to a potential double top.
So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50
levels as long as the resistance level stays unbreached.
My recommendation is to sell the rallies in GBP/JPY with SL above 172.40 and TP at 168.
GBPJPY 171.619 -0.25% SHORT IDEA 📉🐻💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at GBP/JPY In the coming week.
1. BSL TAKEN.
2. LOOKING FOR A PUSH INTO THE -OB for possible reversals.
3. Looking at momentum heading into the oderblock to determine if we might break above or what.
4. Looking at that unfilled FVG as a possible entry with the BEARS.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
GBPJPY ANALYSIS⚠️ This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
20 Reason for sell GBPJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum.
2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment.
3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling.
4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
Price Structure: The overall structure is bullish, with the swing almost completed.
Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal.
Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure.
Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum.
Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility.
Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength.
Sentiment ROC: Check the rate of change for further insights.
✔️ Entry Time Frame: H1
12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes.
Entry Move: Look for a corrective move before entering.
Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes.
FIB or Trendline: The trigger event has already occurred, and the trendline has been broken.
☑️ Final Comments: Sell position is recommended at this point.
16. 💡Decision: Sell
🚀Entry: 171.693
✋Stop Loss: 172.521
🎯Take Profit: 165.373
😊Risk-to-Reward Ratio: 1 to 7
🕛 Expected Duration: 30 days
GBP JPY SELL we can sell here Gbp Jpy with a good Risk Reward
Due to bos. and Ifc Candle ..
lets see what will b happen.. if any suggestion due to analysis plz comment ...
thanks
gbpjpy shortwelcome
here is my gbpjpy short idea
its based on
we builded a huge W formation on bigger picture
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after W completed always sell off start, im thankful to see how this setup plays out
GBPJBYHere We Goo🔥🔥
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Bearish reversal scenario for GBP/JPYGBP/JPY has reached the resistance zone of 172 where multiple price rejections had
taken place in the past. So far, price has failed to breach this level. If the bears continue
to defend this strong resistance zone, then a bearish reversal is likely for GBP/JPY.
As indicated in the chart, a sell entry in the vicinity of 172 with Stop loss placed above the
resistance zone and initial TP at 168 would be potential sell trade.
Keep in mind, this bearish scenario is valid only if the resistance zone at 172 stays intact.
GBPJPY Sell window!GBPJPY Sell
Active!
Entry at 170.55, stop loss at 170.80.
Weakness is on the way, necessitating a probable sell scenario with a target price of less than 168.50, but initially 170.23, 169.50.
Pay attention to your DD!
GBPJPY: shorted!Technical Overview
The GBP/JPY currency pair showed a bullish-harami candlestick pattern on Friday, which resulted in consecutive positive gains. This pattern was further confirmed by Monday's price action. The pair initially reached a low of 168.86 but quickly rebounded and surged towards 170.49. Currently, the GBP/JPY is trading at 170.47 as of writing.
GBPJPYYesterday's trade was closed by us in our group. The pair was lateralizing and as soon as the NY session started to arrive, we decided to close the pair. Today we enter this trade. The GBP had important news and bad numbers were expected for the GBP. Following our strategy, we achieved 1 successful trade. I hope you continue to accompany us, follow and leave.
GBPJPYsince gbpkpy os forming a lowerhigh on my bigger time frame and this high is holding ill be looking for a sell at this level just waiting on bearish confitmation on the 15 min and the 1hr just for a little bit more conviction make sure you keep eyes on this and most likely other yen pairs im looking for yen strength today as long as thes highs hold
GBPJPY BEARISH FAIR VALUE GAPBearish gbpjpy fair value gap, unmitigated waiting for a return into this area for a short position after the recent bearish move
GBPJPY sell setupI got 325 Pips in my previous analysis, Now I m looking for another sell for 250 Pips
Important Sell levels for GBPJPYAs shown in the chart, 171.20 is a minor resistance level from which traders can consider
selling in case bearish price action happens at this level. The major resistance is 172.25
from where we can probably see a significant fall in case the resistance level holds.
So, if you are thinking about selling, keep these two important levels in mind
GBPJPY SHORT UPDATE Update of GBPJPY SHORT (PREVIOUS SETUP).
In this chart you can see a DOMINANT BREAK ( strong candlestick pattern) form after touching resistance level (highlight area ) + trend line
GBP/JPY at a critical point: Buy/Sell or do nothing?GBP/JPY is at a critical level. In the daily chart, you can see that price is quite overstretched and a
correction is necessary. However, in the 4H chart, price has rebounded from the dynamic support in
the 168 level. So, it is important to exercise some caution.
168 is the key level. If this level holds, then price may continue to keep going higher. However, if 168 breaks
with a strong bearish candle, we can see a fall till 165.
My personal recommendation is to wait and watch. I would consider selling if GBPJPY reaches 172 again because
that level has been established as a resistance. Initial TP would be at 168
GBPJPY SHORTDown Trend + Bos + Choch + Resistance.
Wait till the Market make a Bearish Candlestick pattern like BEARISH ENGULFING , DOMINANT BREAK. In the highlight area.
GBPJPY fulfil my last idea, next setup?Gbpjpy is exactly moved according my previous analysis and nicely given us 400+ pips from the zone ( tagged ).
Now Market is trading in chanel and I expect market will rise to the resistance trend line before drop.
So wait for resistance for more selling, if market hold resistance line and reject from the area you can sell, SL will be very small from there and target is massive.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY short setupswe have clear BOS and above we could find some above supply zones,,,,,
Technical diagram SAYSSS!!!!!
