GBPJPY - Daily Trade Idea - 2-Feb-23GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Gbpjpyshort
GBPJPY ENTERING SELLING ZONEMain trend is BEAR since October 2022
Price is entering a powerful historic resistance area
2 rejections have already passed from this area last week making a double -top
Price is under de 200, 150, and 50 EMA
IF we get a good Bear candle it will mark the way
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* If you like this idea please leave a comment so we can talk about it
* Remember that it´s never a straight line to the target.
* BIG profits to you ALL!!!
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I am grateful to have been taught by God and myself on trading.
My money grows every day.
GBP.JPY looking Bearishwhat up guys, looking to crush the markets this week, with that in mind it brings me to the first trade of the week gbp/jpy set up here, looking like we are going to start seeing that Correction, sorry getting this out about 10 pipettes in profit already, but still liking the scalp set up we potential have here short term
this is for educational and demo purposes only , i am not a financial advisor and this is not financial advice.. its my speculation and opinion on that of witch the direction of the market will flow!! Trading is risky and you can loose 100% of everything no one should ever enter the markets Blindly---
GBPJPY - Daily Trade Idea - 30-Jan-23GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
gbpjpy sell setupas we see we r in a downtrend, so from now we r searching for selling opportunities.
so the best option, for now, is patience, waiting for the price hit the supply zone, and then sell.
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don't forget your risk management
follow for more :))
Possible another ride to the downsideAnalysis
GJ touched 4H trendline and bounced multiple times last week (Friday) however failed to rise creating higher highs since the fall on Thursday which seems to have topped.
Since the support trendline was not broken, it is still technically supported to have another go to the north.
Intraday News
There's no red folders for JPY specifically next week, however pretty busy week for US and other majors with relatively quiet start on Monday and Tuesday before US session on Tuesday.
Liquidation
Price may rise up to 161.768 area to take liquidity and then fall back down as it faces strong weekly/daily trendline resistance which was broken and respected in the past few weeks.
Support Consideration
immediate support at 160.772 area
next major support at 159.507 area
Resistance Consideration
immediate resistance at 161.025 area
Strong supply/resistance area at 161.768 area
Entry
I would sell from 161.768 area if it reaches, if not, look for the 4H support trendline to break down and then enter once it's broken
SL
above 161.768, safer to be around 162.370
TP
Immediate target to be 159.507 this week with possible potential to drop to 157.752 area
Trade Invalidation
Trade invalidated if rises above 162.370
Expected Pips
100 - 400pips on weekly analysis. Note: This is weekly analysis. I'm a day trader/scalper. You know what it means!
Expected Delivery
This is weekly analysis. This is weekly analysis. I'm a day trader/scalper. You know what it means!
Alternative Scenario
If 4H trendline remain respected all the time, and price keeps bouncing back up till above 162.370, then GBPJPY resumes it's uptrend for higher highs. (With current weak UK economy and ought to action Japan monetary policy, I don't see it happen easily)
Disclaimer:
Chart is static market is not. No financial advise is given here. Your money your own risk. :) And Good luck.
I'm a day trader/scalper. You know what it means!
GBPJPY PLAN!Hello traders around the world.
My name is Alexandre Karim and today we will check GBPJPY and plan it for next week!
On the 1H chart, we can clearly see that the price is shaping up nicely reaching a high probability area + rejection line @ 162.000 and 162.331 level, knowing that the price is squeezing (Signaling a drop).
I will be waiting for a reversal pattern to short in this area.(1H breakout of the reversal OR 15 mins hover inside the 1H reversal pattern.)
Stay patient.
#THEPRIMES
#GBPJPY- BIG MOVE IN MAKING?Dear Traders, GBPJPY is in progressing into a big sell, price had rejected at the internal lq zone in our opinion price is expecting to drop until 156.
-Risk entry would be entering now and stop loss above the previous high wick.
-Safe entry would be to wait for price to show some bearish momentum.
Good Luck and Trade Safe
Yemi_Fx1 | Short term long Before the Major moveThe major structure($upply zone + flag patterns) from HTF perspective showcase Sell , but we may see a short term buy before the main move begins.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
GBPJPY - Consolidation phase ✅ Hello traders!
‼️ This is my perspective on GBPJPY .
Here we are in consolidation from H4 timeframe perspective. I have 2 ideas here, first one, price could break the resistance and re-test it for going higher to fill the imbalance or the second one, price could manipulate only buy stop liquidity and distribute lower.
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GBPJPY - Daily Trade Idea - 25-Jan-23GBPJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPJPY SELLGBPJPY plays out Nicely Trading is beautiful when you know what you are Doing, if you followed my last post on GJ sells you would know what I’m talking about Guys.
I saw Everything And I did my own part by Analyzing the Market Now We Have Successfully Made Money on GJ sells that I post Few Hours Ago.
Go back to my last post and see
What I’m about .
We Just Hit Take profits So Guys
If you like this Trades/ analysis please show me love and Drop a Comment Thanks
GBPJPY SELLSo Basically GJ happens to Created a Good TL Breakout on The H4 TF, this is basically why we are Expecting a retest To that Zone Where I Put out the blue line @160.112 this zone Need to be tested before we can see GBPJPY continue it Moon trip. On a LTF GJ Also Created a TL Breakout this makes Our Sell Confirmation 100% so let’s wait Patiently.
SELL GBPJPY ⬇️⬇️⬇️
SL: 161.649
TP: 160.112