– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area. – Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750 – Sells on close below 166.590 targeting 15min previous...
– Previous Daily candle closed Bearish at 166.980 forming new Daily Resistance around 167.500. – Buys on close above 167.260 targeting 4h Resistance at 167.570, Leaving Runners to the 1h Resistance at 167.870. – Sells on close below 166.840 targeting 4h Support at 166.520, Leaving Runners to the next 4h Support at 166.280. – Retail Sales m/m data for the UK...
After getting almost 14R yesterday with the short position on GJ, I have no problem taking a long position risking 2% on this trade. As you can see the Demand area marked up with the green box, we will wait for the liquidity to be taken out and we enter scaling the position to a 7 R potential win. Trade safe, Cheers Europeanbulls
– Previous Daily candle closed strong Bullish at 167.500 above the recent Daily Highs formed early this week and last week. – Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820. – Sells on close below 167.350 targeting 1h Support at...
Here is the short position GJ Please scale down to 1 minute chart to understand better. trade safe Europeanbulls
GJ is in a rising wedge on the 30, after the retest to the high marked the red ovals. look to see price come back toward the 166.200 lvl. We need a break and a retest to that lvl before entering for a short.
Hey Traders! Undercover Trading LLC I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date. Having cleared our bais issue we now look forward to determining where the price will be...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE POUND YEN IN THE COMING WEEK. GBP/YEN CLOSED LAST WEEK WITH AN INDECISITION TOWARD THE BULLISH FVG BELOW. * We have some liquidity build up to be taken o the buyside torwads the OB. *A mitigation of the below bullish FVG would be a...
– Previous Daily candle closed weak Bearish at 165.930 forming new Daily Resistance at 166.120 leaving a Rejection wick at 166.840. – Buys on close above 166.320 targeting 4h Resistance at 166.730, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.830 targeting 4h Support formed at 165.540, Leaving Runners to...
Here is the SWING Short IDEA for GBPJPY. As you can see the price has very well rejected from the 4hr Supply zone. You can still enter with a CE which is likely to happen with the given Stoploss. We are looking to get a very clear 11.23 R, Scaling the price back into the 4hr Demand zone, where Imbalance has to be filled as well. Looking forward for the CPI...
Simple idea of trade execution on SHORT GBPJPY. Price reaching the 1 hour Supply zone. Plus the imbalance needs to be tested. Good luck
– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support...
Its a proper head and Shoulder pattern. Lets wait and watch
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that GbpJpy just recently perfectly retested and already rejected a quite obvious uptrendline which we had exactly at the 185.5 area. You can also see that we are currently retesting previous resistance at the 165 area, however weekly...
GJ had been ranging and now closed above my Buy Zone on the 30mins. Upon seeing a close above zone I want to be patient and wait for retracement back to my Buy zone looking for entries @164.05 with stop loss placed at the bottom of the candle that broke struct @163.82 risking 23pips. Aiming for 1:3, R:R.
Going to wait for the impulsive break down, retest and then entry. This is an updated idea from the previous idea of GJ, the market will always teach us lessons or make us profit. This time it was a lesson (Luckily, no open trades happened), so we move, watch & wait.