GBPJPY Quick Long Then ShortIf you like this idea, like and follow for more.
I believe GJ will drop down 10-20 pips into that upper grey zone, bounce up and reject off of 152.100 before dumping. I reckon it will dump down to the bottom trendline/bottom supply and demand zone. If we see signs of it heading further down, then this may indicate that GJ is continuing a longer term downtrend.
For now, i think it may follow the turquoise arrows.
Updates to follow, follow me to see them.
D-GJ
GJ - Exit StratGJ continuing on up past TP2.
Black Entry hit TP1
Yellow Entry was closed in profit due to my Adjusted SL to make the trip Risk free.
Jumped the gun a bit quickly as I believe GJ could potentially ride higher past Blue Entries TP3 close to .973 area.
Hypothetical TP4 if you want to continue to adjust your SL and ride this up.
Otherwise sticking to TP.
GBP/JPY, MASSIVE DROP PENDINGThe overall trend is bearish. A massive corrective move happened by the end of last week and now the price is around a crucial key zone. A massive bearish candle has been formed and it looks like the bearish continuation will keep continuing. We have opened SELL positions and set our target at the zone identified on the chart.
Have a nice trading week, everyone!
GBPJPY wait for complete retracement Lately my trader and investor talk about 'safe haven' which is risk off your capital .
With fundamental news COVID19 effect, my view on GBP is the potential to BEARISH is very strong but it must retrace to zone first.
So ,every BULLISH is only temporary ,I prefer to trade when ever it come to my zone and i will shoot from there and swing it to the floor 1.40
GBPJPY 13/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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GOD BLESS U ALL !!!