GBP/JPY : Strong Sell SetupStructure Looking For Sell setup for downside.
Rising Wedge and Duble Top Patterns Both are Reversal Pattern.
Good Luck
Gbjpy
GBP/JPY : Sell Trade Setups Small Risk Big Reward SetupGBPJPY Looking in downtrend for SEll , Let see how performe .
Time To short GBPJPY ?Globaly the GBP was show some waekness vs all the Pairs
The only condition is the price move below 143.700 with a confirmation with a break uptrendline so ext target is the Fibo 50% @ 136.600
GBP/JPY : Making Bear Flag , Ready For Another Drop Making bear Flag and looking for drop in downside .
GBP/JPY : Looking For Drop in downside Waiting For Correction in Lower Time frame . after Confirmation we can sell for This Big Drop in downside MOve,
GBP/JPY : Sell After Bear flag ConfirmationGBPJPY Shoot up like a crazy in upside making higher High and now Price reject for Short Term SELL Move in downside.
After Bearflag i m expecting Downside Move.
GBPJPY - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Waving market structure.
4 HOUR
Prices at range low, hold long on this one!
DAILY
Sideways market at its lows, high chance to rise now.
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FOREX SETUP
BUY GBPJPY
1ST ENTRY @ 140.160
2ND ENTRY @ 139.780
SL @ 139.120
TP @ 141.310
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPJPY Buy SetupA higher proportion of retail traders are net long GBPJPY which is often a very good sign the market is going to crush them lower, however on the 1hr and 2hr chart there is a good technical buy setup.
Providing price keeps its head above water at the 136 level I will maintain a buy position.
GBPAUD POTENTIAL SHORT Price is currently showing bearish potential. We saw price move bullish into what i would see as a pullback and we are currently at a point of resistance where we may see price break lower toward the our take profit level.
STOP LOSS - RED LINE
TAKE PROFIT - RED LINE
Risk exposure - 1%
RR - 1:2.5
Hit that follow button !
GBP JPY 8 reasons to Go LONG!Hello everybody, I decided to go in deep with this pair, due to his high volatility in the 1000+ pips bear move so far.
Few signals that it will go up for 1200+ pips move - IT WILL TAKE TIME!
1. Using the GAN SQUARE, I was able to determine that around every period +-2 days there has always been a reversal - checked last 3 years. At the moment we are at the end of the period.
2. Head and Shoulders pattern on both daily and weekly chart.
3. GBP Index is gaining strenght.
4. JPY Index looks dodgy.
5. Bad Jpy data.
6. 20+ days of downtrend.
7. RSI 14 is on 16 on a daily chart .
8. UK's PM who made the mess is resigning the upcoming week!
GBP/JPY: Trade Forecasting !! BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPJPY approaching support, potential bounce! GBPJPY is approaching our first support at 140.18 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 143.56 (horizontal overlap resistance, 38.2% fibonacci retracement, 61.8% fibonacci extension).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Long GBPJPY on H4Long GBPJPY on H4
Reason:
Reached .618 on Fibo
New Higher High
Buy at 142.625
TP at 145.261
SL at 140.958
GBPJPY shortNice cluster zone which failed 2 times at 8 tries. Also divergence on 1H and 4H, stoploss can be placed nearby the entry for low risk. Ideal entry point would be 147,700.
GBPJPY - Potential short opportunity GBPJPY is testing the trendline H4 and could trigger a bearish rallye from this point. The invalidation level of the scenario would be 143.75.
Above this point a bullish setup may take place.
A target would be 142.00.
GBPJPY approaching resistance, potential drop!GBPJPY is approaching our first resistance at 143.39 (horizontal pullback resistance, 23.6%, 38.2% fibonacci retracement, 61.8% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 139.30 (horizontal swing low support, 100% fibonacci extension, elliot wave structure).
Stochastic (89,5,3) is also approaching resistance and a reaction below this level might see a corresonding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
gbpjpy Formed Strong Bearish pin bar on Weekly chart Short advicGbpjpy Trading around 153.2 level we Can see on Weekly
its Formed bearish Pin bar. if hold below 155 we can see a big
drop toward 150-147. Advice to sell in range of 153.2-154.5 sl
above 155.5 TP1 150 TP2 147
