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Gbp-jpy

GBPJPY Highly important trend-lines to watch.The recent volatility on the GBPJPY pair has been extreme. This price action can only be traded on the long-term by taking break-out positions on key Support and Resistance levels. As you see, the long-term trend has been a Channel Up ever since the March 2020 COVID bottom. Recently, the 148.600 - 149.000 Support Zone that has been holding since March 24 2021, was successfully tested and provided a massive rebound to the pair. On Monday this rebound hit the Higher Highs trend-line of 2022. As long as it holds, expect a pull-back towards the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line), even the Internal Support of 160.000. As per the 2021 fractal there are high chances of a rebound there but a weekly close below can put the bottom of the 2 year Channel Up to test again. Any time we close above the 2022 Higher Highs trend-line, consider a short-term break-out buy targeting the top of the Channel Up. This pattern can break to the upside if the 2.0 - 2.5 Fibonacci fractal seen at the end of each Higher Highs sequence is repeated again. In that case, take the Fib from the last low of 2022 and calculate the 2.0 - 2.5 extension zone. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPJPY a move to the 0.618 🦐GBPJPY on the 4h chart after the sharp retracement from the recent low tested the 0.886 Fibonacci level and turned to the bearsih scenario. The market tests the 0.618 level and a downside continuation can be expected. . How can i approach this scenario? If the price will break below the support area i will set set a nice short order according to the Plancton's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
GBPJPY possible scenarios 🦐GBPJPY on the 4h chart retraced sharply from the recent low. The market creates a series of powerful lower hh hl and is now close to an important supply zone. How can i approach this scenario? If the price will reach the supply i will be look for a possible inversion and set a nice short order at that point according to the Plancton's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
USDCHF Potential For Bullish RiseOn H4, with the price crossing the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 164.524, where the price sits currently to the take profit at 168.028, which is in line with the swing highs. Alternatively, the price may drop to the stop loss at 162.746, which is in line with the overlap support. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPJPY H1 - Short SetupGBPJPY H1 - A mental week to say the least for the GBP and YEN, yet again. Some monster moves, 600 pips seen on single M5 and M15 candles, thankfully, healthy corrections seen towards the latter part of the week, which has balanced zones and made things measurable for us to follow going into this fresh week. Huge 10R trade potential down towards the previous area of S/R, we saw a handful of rejections from this 162-handle last week, a dip as much as 250 pips which was great. But minor in the grand scheme of things. Failing this rejection, we can simply look for break and retest play from that 162 handle.
Short
by Trade_Simple_FX
1