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Gbp-jpy

GBPJPY on a bearish price action🦐GBPJPY after the confluence rejection is trading above an ascending trendline. The price creates a double top over the weekly resistance and we can expect the development to the lower side of the chart. How can we approach this scenario? We will wait for the break of the trendline and in that case, we will move on the 4h chart to search for the entry of a 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 appears oversoldSignal ID: 79507 Time Issued: Thursday, 24 February 2022 09:00:15 GMT Status: open Entry: 154.04 - 154.576 Limit: N/A Stop Loss: 153.237 The Congestion Opportunities Strategy has just bought GBPJPY at 154.308. The system recommends entering this trade at any price between 154.04 and 154.576. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be oversold, while the Speculative Sentiment Index reading of -1.328 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.071, so the stop loss has been set at 153.237. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
3
GBPJPY appears overbought Signal ID: 79507 Time Issued: Thursday, 24 February 2022 09:00:15 GMT Status: open Entry: 154.04 - 154.576 Limit: N/A Stop Loss: 153.237 The Congestion Opportunities Strategy has just bought GBPJPY at 154.308. The system recommends entering this trade at any price between 154.04 and 154.576. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of -1.328 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.071, so the stop loss has been set at 153.237. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
GBPJPY ANALYSISHello Traders, We are looking for shorting opportunities on GBPJPY If all our entry rules are met we will be taking a SELL Entry from 15min timeframe. BIAS: SELL (If our entry rules are met) Timeframes for high precision entry: 60 Follow for Free Entry Signals on this trade and others from Professional Traders. IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
Short
by AssociatedMarkets