Gbpjpy_outlook
GBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingViewGBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingView
Point A: 148.5
Point B: 127
Entry - 132.6 RETRACEMENT
Point D: TP - 140.7
SL - NONE
GBPJPYI think that there is still some profit that I can take if the market is up to fill the Alternative Bat in the supply. IMO, GBPJPY is still bear market and scalping should do great both ways, long and short. I will use this setup as a gauge and, preferably get from logs to short positions once the bearish pattern gets filled.
Multi-month Trend Line Resistance +RSI Divergence=Potential SELLGBPJPY is struggling at the multi-month Trendline Resistance. Along with that, the RSI is showing a BEARISH divergence which can soon lead to a sell-off in GJ.
Traders can look for SELL entries between 133.12-133.50 with SL above 134.
TPs can be placed at 131.80, 130 and 126.50 respectively.
GBPJPY: DAILY- BULLISH TP: 140.7 - 800+ Pips #Forex @TradingViewGBPJPY: H4 - BULLISH TP: 140.7 - 800+ Pips #Forex @TradingView
Point A: 148.5
Point B: 127
Entry - 132.6 RETRACEMENT
Point D: TP - 140.7
SL - NONE
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 128.236 where it could potentially drop further to 126.649.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY: Intra - BEARISH TP: 1.10 - 200+ Pips #Forex @TradingViewGBPJPY: Intra - BEARISH TP: 1.10 - 200+ Pips #Forex @TradingView
Point A: 130.4
Point B: 128.5
Point C: Entry - 129.65
Point D: TP - 128
SL - 130.8
START OF THE WEEK GUIDE (26 Aug - 30 Aug 2019) | GBPJPYSee chart for illustration.
Follow up on earlier publication ( see link below)
GBP/JPY : Sell After BreakdownBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
Buying GBP/JPYBUYING GBP/JPY
Entry: 130.27
Target1: 131.50
Target2: 131.80
SL 128.72
Risk Reward 1:1
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 129.856 where it could potentially drop further to 126.774.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPYLOOKING FORWARD TO SEE A GAIN IN THE POUND (GBP) AFTER A SLIGHT PULLBACK
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GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 129.672 where it could potentially drop further to 128.700.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 129.856 where it could potentially drop further to 126.774.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Elliott Wave View: GBPJPY Recovery Nearing CompletionShort term Elliott Wave View on GBPJPY shows the decline to August 12, 2019 low (126.51) ended wave 3. From there, pair is doing the recovery in wave 4 with the internal unfolding as a potential Elliott Wave Zigzag structure. This suggests the current rally takes the form a corrective structure and the bias remains to the downside. Up from 126.5 low, wave ((a)) unfolded as a leading diagonal structure where wave (i) ended at 127.52 high. Wave (ii) ended at 126.75 low, wave ( iii ) ended at 129.22 high, wave (iv) ended at 127.41 low and wave (v) ended at 129.57 high.
Down from there, wave ((b)) pullback unfolded in a lesser degree flat structure where wave (a) ended at 128.91 low. Wave (b) bounce ended at 129.54 high and wave (c) ended at 128.21 low. Above from there, wave ((c)) remains in progress towards 131.31-133.22 100%-161.8% Fibonacci extension area of ((a))-((b)). This rally should also end wave 4 in a larger degree. Sellers are expected to appear in that area for further downside or a 3 waves pullback at least. We don’t like buying the pair and continue to expect the rally to fail in the sequence of 3, 7, or 11 swings.
GBPJPY Market Structure AnalysisHere is my idea about the GBPJPY based on my trading system.
hope this helps and I'll be happy to hear about my mistakes!
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 135.375 where it could potentially drop further to 134.317.
Trading CFDs on margin carries high risk.
Losses can exceed the init
GBPJPY reversed from resistance, potential drop!
GBPJPY reversed off its resistance at 135.182 where it could potentially drop further to 134.550.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY potential reversal!
GBPJPY expected to rise up to 1st resistance at 135.313 where it could potentially react off and drop down to 1st support at 134.609.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPJPY continuous downwards...GBPJPY may continue downward and almost ready to buy... wait for confirmation
GBPJPY approaching support, potential for a bounce!
GBPJPY is expected to drop to 1st support at 134.567 where it could potentially react off and up to 1st resistance at 135.140.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
