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.
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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.
Entry GBPJPY Buy 02/03/2022Details on chart - entry once price closed bullish and showed signs of rejection on LTF
Entry GBPJPY Sell 02/03/2022Details on chart - entry as shown on chart following bearish market sentiment
Entry GBPJPY Sell 28/02/2022Details on chart - entry once price closed bearish with multiple rejection wicks
GBPJPY 2/18 Weekly Outlook Not interested in looking for buys in GJ, not taking any positions till price breaks out of consolidation. Expecting the market to take buy side liquidity before continuing bearish pressure to new lows.
GBPJPY ShortHey traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 156.4 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Entry GBPJPY Sell 24/02/2022Details on chart - entry once price closed bearish below 15m SZ in momentum
GBPJPY - Bearish reversal expectedHere is a new SELL Scenario, i expect a bearish reversal, this pair will loose momentum
There is a bearish pressure, data is ignored for now and markets are focused on geopolitics.
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