Hi Traders, Will wait for price to return down to the 160.6 area. Entry Price: 160.6 Target Price: 161.800 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
GJ on the 4h chart after the test of the weekly support one more time moved higher to the dynamic resistance area at the 160.000 zone. According to Plancton's strategy if the market will satisfy the condition we can set a nice long order for a higher high. Being the last trading day of the week it might be risky to open positions. ----- Follow the Shrimp 🦐 Keep...
GBP/JPY has been very confusing to me as of lately. Currently I'm noticing a transition is occurring and seeing buying pressure maintaining which has invalidated my bearish bias. Being adaptive is a key point
Looking at it on 15 min and it looks like a sell will prevail but ZZOOOOMM OOUUTT and you will see that is not the full picture. As part of it, the 1 hour there is an inverse H&S which has started forming. Just waiting for the break of the shoulder line before going forward and taking the trade. Till then stay watching and waiting.
We can look to swing GJ in this sideways market, Aim for bottom of range
GJ will keep going up. As you ca, see, price has formed a double bottom on the 4hr chart. Price ranged for a few days, because it was at a resistance. Yesterday we finally broke above that resistance and we are currently testing it as a support. I expect more buys, lets be patient and check the lower time frames for entries
If this current 1hr stick on GJ ends bullish off this support zone, we could continue the buys that I posted last week Friday
The pair has been ranging in the bearish channel, making series of highs and lows. Currently the price just made a double / flat top at the upper wall, the reflecting a Higher Low at the stochastic indicator (revealing a price Divergence) A sell trade can be anticipated for anywhere and target the support wall of the channel.
At the end of this 1hr stick, we should see more buys. Been buying since yesterday London. Lets see how it play out
GBP/JPY short at open should drop for a while coming off a daily resistance zone.
we have good momutem on 4 H so after this correction we expting price to go up
GBP/JPY I'm expecting bullish pressure to start exhausting around this area of exhaustion zone and to also expect sell pressure to continue current bearish trend
TP smashed and even after closing us out, we still see more opportunity so I'm going to wait and watch so I stay ready.
I did find my entry and entered, still running. Moving my SL into profits as it is not my creation but my playground. We have rules and we stick to rules as hard as possible. No changing or we get hurt and expect more. Harder than ever there might be a pullback so we prepare by not donating back to the market. 🙂🙂🙂🙂
JPYX looks ready to lose some value and we can expect a fast profit taking rally in GJ here potentially.