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Gbp-jpy

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
GBPJPY looking for the 149 again? 🦐GBPJPY on the 4h chart after our previous call touched the lower level at the 149 area. From there the price retraced at the 0.618 Fibonacci zone and is currently trading over the 0.382. How can i approach this scenario? I will wait for the EU market open and if the market will have the strength to break and close below i will look for 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.
Short
by InkyGrip
2
GBPJPY can move lower? 🦐GBPJPY on the 4h chart retested the 168 level and is now trading above an ascending trendline. IF the price will break below we will check the opportunity for 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.
Short
by InkyGrip
4
GBP/JPY -26/9/2022-• Rectangle pattern breakout explained • Rectangle pattern can be either reversal or continuation of the prior move • We got a reversal pattern in this case, possibly ending the up trend • A rectangle is defined by a clear support and resistance levels, ideally touching the boundaries more than twice • Rectangle is a trading range, meaning markets are indecisive until the breakout • We often get fake breakouts, which means prices breakout of the rectangle but quickly get back in • Targets for the breakout is usually the height of the rectangle projected from the breakout point • In the case above, we got a breakout at around 159 and the height of the rectangle is around 9. The breakout was to the downside so we subtract 9 from 159, we get a target of 150 and surprisingly it got hit in 2 trading days only • The only question remaining now is; is the breakout going to lead to a long term trend reversal or will prove to be a fake breakout and return back to the rectangle ? • The answer to that should be clearer in the upcoming days
by RamziAbouAbdallah-CMT
GBPJPY LONG 2000 PIP LONGHello traders, Today we are looking at GBPJPY . We can see we are at the end of wave 4 of our Elliot wave which is a corrective wave. We are now looking to catch wave 5 which will be a impulsive wave where we are expecting strong bullishness movement to our take profit / SELL zone. We will be looking to enter at our -0.618 fibonacci level from the A wave which is where I am anticipating a rejection. We also can see a trendline approach and structure level touch. Confluences -0.618 fibonacci from wave A is where we are expecting wave C to end / start our wave 5 Trendline approach Structure level touch Stop Loss We will be placing out stop loss below our trendline. Stop loss will be moved to break even once we see 30 pips profit. Profit Taking We will be taking profit multiple times along the way ( 30 pips, 60 pips, 100 pips, 200 pips, 500 pips, 750 pips, 1000 pips Our final take profit location is ideally the 175 level. Be sure to check out our other trade ideas below plus our education content below!
Long
by Pips-Collector
💵British Pound/Japanese Yen💵Analyze (9/23/2022)!!! British Pound/Japanese Yen was able to break the support lines and the support zone and is currently completing its pullback. I expect the British Pound/Japanese Yen to go down to the trend line, at least. 🔅British Pound/Japanese Yen Analyze (GBPJPY) Timeframe 8H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3