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Gbpjpy_outlook

Like a BEAR with a bad head Here we have a Descending triangle formed, this is a bearish continuation pattern and are formed in an overall downtrend, if you get the 4h chart up and zoom out you will see we are in an overall bearish market. Descending triangles are a good signal, but we still have to watch and wait for a breakout of this triangle as nothing in Forex is guaranteed, a breakout of our trend line to the upside could see price retest our trend line and us it as support. We are expecting price to break this triangle to the downside though and we could possibly see a sizable move as price in a descending triangle is getting squeezed and often explodes ( like a bear with a bad head )... its just a waiting game now. Please remember to have patience and wait for this setup to play out, wait for confirmation and don't trade the breakout as soon as it happens! Clients will be notified if this trade becomes valid.
Short
by Apex_Gregg
1
GJ quick 30+ pip snackFrom our chart you can see a STRONG resistance level ( green line ) and you can see our TP/support zone ( red box ) we are using this zone as this has been a KEY STRONG resistance turned support area in the past, this is probably where the big players and banks set orders hence why these levels are so well respected. Remember if you can change your mind-set to trade like the big players and not a retail trader you will benefit and catch loads more trades, we go on about and teach this to our clients. If you are interested in joining our team then give us a message.
Short
by Apex_Gregg
7
MAKE THAT MONEY, big move coming!!!!!142.019 area is such a strong support ( orange arrows ) if you cant see this then go get your eyes tested and please stop trading as you will only bankrupt yourself. This level has also been used as resistance before ( purple arrows ) so we will wait for the 4h candle to close to see if we are going long like we anticipate, either way we will have orders in place for a long and short position because a break or bounce of such a strong level after 2-3 days of price moving sidewards can cause an explosive move in 1 way or the other and we will be there to catch it and laugh all the way to the Ferrari dealership.... again ;p
by Apex_Gregg
GBP JPY in the zone143.581 - 143.379 is a lovely zone, you can see where price entered it and bounced bearishly ( to the downside, orange arrows ) and bounced bullish ( to the upside, purple arrows ) You can see the importance of this area, its like a sh#t city, nobody wants to stay or live there but you have to pass through it to get to where you want to go.... The candles are the same, they don't want to stay in this area because as soon as they enter this area they exit again. We will be placing some SELL orders around this area as price will respect this zone or area again sometime in the near future.... You always have to stay 1 step ahead of the market.
by Apex_Gregg
8
GBPJPY TRADE OPPORTUNITYHello everyone, lets take a look a GBPJPY. There is two possible outcomes for this pair. On the short side we have a head and shoulders pattern with a break and close below the neckline. On the long side we have a descending wedge that we could break out of to the upside. Over all the trend is down but it wouldn't be unlikely for us to break the descending wedge and have a larger correction wave to the upside. Follow me if you like ideas like this one!! Much love guys <3
by nick203