GBPJPY Update 2We've broken the bottom structure! I've been holding this trade since 31/5/21 and it's been a really lovely and profitable setup to execute. We're about 50-60 pips away from my final TP but i may close out before then, we shall see. I hope to trade more GJ in the future, i've been able to execute some lovely trades on it recently.
Updates to follow.
D-GJ
gbpjpy SELL / SHORT.here is a nice set-up for a short coming close now on GJ...
its the retest of the broken ascending TL.. along with the retest of yesterdays broken support (now should act as resitance).. and also the 38.3 fib retracement of the move down.. i believe this may at worst go to the larger faint fib 38.2 retrace i have marked on this chart too, so the SL should be perfectly acceptable.
obviously take partials along the way and put SL to BE once in profit.
GBPJPY Swing Short (update)Just providing an update to my swing trade:
I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2.
So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
GBP/JPY- Weekly Analysis- 06-06-2021 - 06-11-2021✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯✯
✯✯✯✯✯✯✯✯GJ- GBP/JPY- Weekly Forex Trade Analysis- 06-06-2021 - 06-11-2021✯✯✯✯✯✯✯
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#1- Market Trend / Market Bias = Uptrend- The Market Trend Is Up
A. Blue Arrow Pointing Upwards... Signaling A Strong Uptrend
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#2- Key Market Support And Resistance Levels
A. Weekly Support & Resistance Level At 155.965
B. Weekly Support & Resistance Level At 154.525
C. Weekly Support & Resistance Level At 153.610
D. Daily Support & Resistance Level At 154.830
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#3- Price Action Market Trading Signals / Setups
A.✯First Highlighted PAM Signal Was A PIN BAR
B.✯✯Second Highlighted PAM Signal Was A PIN BAR
C.✯✯✯Third Highlighted PAM Signal Was A PIN BAR
D.✯✯✯✯Forth Highlighted PAM Signal Was A PIN BAR
E.✯✯✯✯✯✯Fifth Highlighted PAM Signal Was A PIN BAR
F.✯✯✯✯✯✯✯Future Potential HIGHLIGHTED PAM Signal/Setup???
✯✯✯Highlighted Pin Bar Buy Signal Formations All Signaling Uptrend Moves✯✯✯
✯✯✯Looking For The Potential Formation Of A PRICE ACTION BUY SIGNAL✯✯✯
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4. EVENT AREA Highlighted Area
A. Signaling A Strong Area / Level For A Potential Big Future Movement
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GBPJPY 7/06/2021 WEEKLY FORECAST TF 2HHello Traders!
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GBPJPY BUY.. swingstill a long way off, but its the main target for my swing short, and somewhere ill be looking to enter a swing long. its the 38.2 of the main big fib, and nice KL.. if that KL does break, i see price being able to drop RIGHT down again..
obviously ill be taking profits along the way and setting SL to BE once in nice profit.
check out my other ideas for set-ups that are closer.
GBPJPY BUY.. this is just one of my trade ideas i see for the next few weeks on GJ.. this one is the first 38.2 fib buy, with KL, whilst it could easily run up and give new highs, i would expect price to move further down before new highs, so obviously take partials along the way at KL's and protect the position with SL to BE fairly soon.
you can see my other set-ups in my profile. my main of which is a swing short.
GBPJPY short.. SWING TRADE we have been consolidating for some time of GJ now, after a huge move up... my last buy worked perfect, but we are now breaking down on tech, a retest of the TL is a good opportunity to short and run all the way down the to large 38.2% fib
i will be posting trade ideas for the way down too.
GBPJPYAs i said last weeks ...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...
THIS WEEK...as I said last week ... GJ has reached the trend line and strongly rejected ... which I still look forward to.
Even if he can make another range, I expect GJ to go down the steps to area 148 ... and from there I'll reanalyze!
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*This information is not a Financial Advice.