AUD USD TRADE SET UP AUD USD has formed a Falling Wedge Reversal Pattern on the 1hr timeframe and the market has broken the Lower High market structure, we need to see a
pullback - Retest before taking entry Buy - Long. ⏰
Gbpjpyanalysis
GBPJPY I Bullish breakout and continuation Welcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPJPYQuick one on GBPJPY
Buys expectation -- expecting price to break and close above $191.154 target will be $191.604
for buys above $191.604 if there's a candle closing.. target will be $191.947
--
Sell expectation -- for sell i'm expecting price to print below $190.703 and close then my sells will be executed for a target of $190.399 area...
for sells below 190.399 if there's a candle closing.. target will be $189.769.
CAD JPY TRADE SET UP CAD JPY trade set up,
Trade confluences
1 Bouncing from a support level
2 Higher Highs and Higher Lows are currently forming so we are only looking for buy entry at the retest of the broken HIGH key level.
GBPJPY Bearish side Heist Plan Short RobberyHELLO LOOTERS,
This is our master plan to Heist Bearish side of GBP/JPY Market. my dear looters U can enter at below my Moving average pullback, Our target is Electric Trap Zone. We can escape near the Target area. Guys If you loot some money please take it partial.
GBP/JPY Gave Yesterday +70 Pips 0 Drawdown Entry After W ClosureThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBJPY : This level for trade 4hrHello friends . We see the chart of GBPjpy start and open sell trade at this point
Sell trade
entry :191.274
sl:191.693
tp:189.739
GBPJPY
In the GBP/JPY pair's 4-hour timeframe, a bearish movement is evident as the Elliott Wave analysis suggests completion of the 12345 sequence, indicating a potential correction. Following this, the correction pattern ABC is anticipated. Moreover, with the price having completed around a 38% retracement of the last impulse, further downside movement aligns with a potential downtrend scenario. Traders may monitor key support levels for potential entry points in line with this bearish outlook.
GBP/JPY Valid For Sell After 4H Closure To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBP/JPY tests key Support, what is the best level to buy?Hello traders, GBP/JPY pulled back 300 pips from the highs at 193.50.
However, the dynamic support level on the 4Hour chart has prevented further declines.
As you can see in the chart, 190.40 level has held well so far. In view of the above,
if price tests the support level again, we would consider buying GBP/JPY@190.40
with Stop Loss placed below 190 and TP at 193.50
GBPJPY Technical Analysis GBP/JPY Technical Analysis
Timeframe: H4
Fibo 78.60% retracement done with candle confirmation. Expecting upside moves.
GBPJPY SHORT 1100 PIPS READ DESCRIPTIONThe analysis for GBP/JPY (British Pound paired with Japanese Yen) indicates a significant sell zone, characterized by the breaking of previous major support, which has now turned into resistance. The main resistance zone is identified between 190.9 to 191.4, suggesting a strong barrier to further upward movement in the currency pair.
Examining the data from big players and investors provides further insight into market sentiment. Over the last two weeks, there have been 81,000 short entries compared to 19,000 long entries, indicating a significant bias towards short positions. This sentiment is reflected in the daily reports, which show 70% shorts and 30% longs. Furthermore, recent data shows 58% sell orders, indicating a prevailing bearish sentiment among traders.
Considering technical analysis, the market volatility level of GBP/JPY over the past week is notable, with an Average True Range (ATR) of 1.24 and a total intraday range of 148.62%. This suggests heightened volatility, which can present opportunities for traders to capitalize on price fluctuations.
The proposed trade aims to capitalize on the bearish sentiment in GBP/JPY, with a target of 1170.8 pips and a 6.14% profit potential. A stop-loss of 40 pips is set to mitigate potential losses in case the trade moves against expectations. Additionally, four target prices are set to capture potential profits at different levels, providing flexibility in managing the trade.
Risk management is emphasized as a crucial aspect of trading, with traders advised to manage their risk effectively to protect their capital. By adhering to proper risk management principles and remaining vigilant for any signs of confusion or uncertainty in the market, traders can navigate the complexities of trading with confidence.
In summary, the analysis suggests a strong bearish outlook for GBP/JPY, supported by technical and fundamental factors. Traders are presented with an opportunity to capitalize on this sentiment through a well-defined trading strategy, while also prioritizing risk management to safeguard their investments.
GBP/JPY may reach 195-196 from where it can reverseHello traders, GBP/JPY's uptrend shows no signs of slowing down. As we had
predicted in the previous idea, price has broken through the 191 level and currently
it has crossed 193 as well.
The uptrend is being fueled by the ultra-low interest rates in Japan which is weighing
negatively on the JPY.
That being said, there is a key level at 195.50-196 zone which could offer resistance.
Keep in mind that a vast majority of retail traders as shorting GBP/JPY which means
price can continue to move up as the market usually moves opposite to what the retail
does.
We have not taken any short positions in GJ. We are waiting to see whether price
reaches the 195.50 level. In case of bearish price action, we will sell GBPJPY@195.50-196
with Stop loss above 197 and TP at 190, 185.
GBP JPY TRADE SET UP GBP JPY TRADE SET UP.
GBP JPY has broken out of a bullish rectangle pattern.
waiting for a retest to enter for long position
GBPJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from trendline + institutional big figure 190.000.
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#GBPJPY: Yesterday's idea 200+ pips up| Here is second entry | OANDA:GBPJPY yesterday's idea did the exact same thing as had expected right now the pair is up 200+ PIPS, we are anticipating a small correction in the price, where we think price will bounce back strongly. Wait for price to approach our level and then enter a buy entry accordingly. Remember to use proper risk management and take this idea as bias only. If you do not agree then do not take.
Good luck and trade safe.
GBPJPY I Bearish divergence and overbought I It will rebalanceWelcome back! Let me know your thoughts in the comments!
** GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPJPY LONGGBP/JPY Analysis
Target: 195.130
Stop Loss: 189.361
GBP/JPY is anticipated to trend towards 195.130 by month-end, supported by bullish momentum. The stop loss is set at 189.361 to manage potential downside risk. Key factors supporting this forecast include positive sentiment towards GBP and technical indicators signaling upward movement. Traders should monitor for any changes in market dynamics and adjust positions accordingly.
The Dragon Hits Key Resistance Time To Sell With 195 In Sight?The Dragon has been surging since the start of the Year even more after my initial trade idea from January which did hit my first target of 185 it has now rallied to new highs and sitting at a key Monthly level so what next ?
Personally I think once again we have a nice shorting opportunity as we are at a key Monthly resistance level that goes all the way back to 2008 (marked in red) sitting around the 193 level.
When price broke through this level in Oct 2008 it dropped nearly 7000 pips in a matter of Months and at the same time creating a nice Monthly SUPPLY/SELL zone.
It took 7 years for price to grind it's way back up to this resistance level and when it did once again there was another HUGE near 7000 pip drop hitting the bottom in 2016 .
It has taken just over 7 years once again to get back up to this resistance will history repeat ?
Personally I think that there will 100% be a sell off once again at this level though I don't think it will drop as much as the last time though several thousand pips is a possibility.
The daily chart below is showing us that price momentum is starting to slow down with the sideways movement as it approaches the key resistance, the image below shows you the initial strong trend up, followed by sideways price action, each time price broke to a new high it was quickly sold off to the bottom of the range until we finally got to the resistance level.
With the weakness in the Yen this week I can't rule out a run up to the 2015 highs around 195 so my plan of attack is to use my TRFX indicator and look for daily SELL signals from now.
First target for this trade will be the bottom of the sideways channel you can see in the daily chart above @180 price could gain some large buying attention here that could build momentum to break this resistance level.
If there is a clean break of the monthly resistance then there isn't much stopping this pair moving straight up to the 200 level which is the 0.618 Monthly fib level from the downtrend that started in 2007 (see image below)
It's going to be an interested next few weeks to see how this one plays out :)
GBPJPY 200 PIPS TARGET 192.500This signal was dropped 24 hours ago and I want to say this is one of the smoothest trades I have had this month.
PA is sailing smoothly since trade got activated..
Signal was shared in the channel and everyone is currently eating..
I am going to watch how PA smash target before GBP news come out in 4 hours.
GJ might be retesting or bull strength might continue.
GBPJPY SELLas gbpjpy had a rally upwards and also going for retracement over rally till now we have support level on 50% fibo level so we will waiting for GJ to retrace back to this level and would then put our long so till that level we have an opportunity to put our shorts here
300 Pips Profit booked in GBPJPY, now wait for a better entryPreviously, on 4 March 2024, we sold GBPJPY at the 191 level and managed
to take 300 Pips profit when price dipped to 188.
Since then, GBP/JPY is staging a recovery. Currently, the price action doesn't support
any further selling. Also, with FOMC around the corner, we recommend traders
to be careful with their trades.
However, if price reaches the 191.50-192 zone once again and we see signs of bearish
rejection candlesticks, we will consider selling GJ again with TP at 188 and 185 respectively
