Get started

GBPJPY

Strifor || GBPUSD-30/05/2024Preferred direction: SELL Comment: The British pound has almost the same setup for selling as the euro . For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000 , just above which we fix the target for this short. The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
ALERT: Correction To 195 Imminent??The guppy has been steadily rising for the past 18 trading days after a significant drop due to likely BOJ intervention. So, what’s next? In my opinion, this pair is highly overbought across all time frames. A correction seems imminent. If you look at the daily chart, the steep and prolonged uptrend suggests a significant drop is likely. The 4-hour chart provides an even clearer picture of this steady climb. In trading, such prolonged upward movements often precede a drop. Today, I entered a position at 200.60. My first target is a move down towards 195, with the potential for a deeper correction to 193 or lower. Long-term, this pair is very bullish. The 190 to 193 area could be a good entry point for long-term buyers, aiming for a move towards the monthly SELL/SUPPLY zone starting at 211. However, if the price breaks below 190, it could trigger a larger sell-off as large traders take profits. For now, a short-term sell seems appropriate given the current extreme overbought conditions. Let me know your thoughts in the comment section below
Short
by TheFxAce
14
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: We highlighted short-term buy-priority at the end of the previous trading week, and at the beginning of this week this mood continues. Just like in the euro , there will most likely be at least a short-term strengthening, which will not be long in coming. Here we highlight two main scenarios, where scenario №2 (plan B), as well as for the euro, is not entirely desirable for buyers. Therefore, scenario №1 is a higher priority and it is better to try to use small stop losses and open new transactions if something happens. The growth target can be fixed near the level of 1.28000 and slightly higher. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
3
GBPJPY 1H Long Trade - 1:3 RRRRRR: 1:3 SL: 198.313 TP: 202.500 In this trading strategy, I present a compelling opportunity for a long position on the GBPJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3. Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Long
by panjikadar
1
GBPJPY Top of Channel Up sell signal.The GBPJPY pair gave us a solid short-term buy signal last time we looked into it (April 16, see chart below) and easily hit our Target: The prevailing Channel Up has a clear sell signal on its top, which the price is approaching on the current Bullish Leg since the rebound on the 1D MA50 (blue trend-line). The 1D MACD sequence is the same as the first Bullish Leg that started on January 02 2024, that time on the 1D MA200 (orange trend-line). That Leg pulled back to the 0.382 Fibonacci retracement level after it got rejected at the top. As a result, we will wait to sell at the top of the Channel Up again and target 198.500 (Fibonacci 0.382). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1