Gbp-jpy
GBPJPY LONG BIAS! (UPDATED)Hello everyone!
Hope you are all well! And had a great weekend!! :)
Some members in my Tel channel suggested me a couple of pairs to analyse, and so here's the first one!
GJ for me is looking tricky, I am against selling this pair for long period of time, as HTF shows long, with a clear target of 184.4.
I will be watching LTF and Daily for a strong Demand Zone to line up for a potential buy to 166 as a first TP.
I hope you enjoy the Top-Down analysis! Any questions? just DM me!!
Take care!
GBPJPY SHORT i do expect GBPJPY to short around 200-400pips the trend line ive been waiting for finally has kicked in. JPY in my opinion is doing really well so it should short over time. I do expect GBPJPY to really dump hartd as it as very volatile pair.
by the end of Janurary i do exepct to reach TAKE PROFIT maybe even by next week. if u want more info drop a comment below.
GBPJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
🗒 GBPJPY has been overall bullish trading inside the orange rising wedge pattern, and it is currently approaching the lower orange trendline acting as a non-horizontal support.
Moreover, the zone 155 - 156.5 is a strong support zone .
📌 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower trendline in orange acting as an oversold area. What I call a TRIO retest!
📉 As per my trading style:
As GBPJPY approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GJI 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.
🙂🙂🙂🙂
GJTook this as a tester of whether I needed to refine my skills. Not as much as I thought, yet The entry could have been better.
Now I am waiting for another entry point so that I can add, I got stopped out early because my TP got hit (90% rule).
I have a US100 trade running, so I'll be watching both.
GBPJPY - Video Top-Down Analysis! UPDATEHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for GBPJPY .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich