First go at GBPJPY Long Buy for Tue 09/02/2021 Will it go HigherWe will reconsider a reentry if stopped out.
Gbpjpybuy
GBP/JPY Might Reach the 144.29 Level Soon 🚀 🚀 🚀 💡 Trade Idea
📈 Buy Limit GBP/JPY @ 142.95
🎯 Target Profit 144.29
🛑 Stop Loss 142.51
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is a clear upward movement by posting higher highs and lows. Currently, it is trading within a wedge formation, and as per Elliott Wave Theory, we are in Wave 4. Our expectation is a breakout to the upside from the wedge and a move towards the 144.29.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
GBP/JPY Another Buy OpportunityThis is currently making the expected retrace after breaking out. You can see my previous 2 ideas on this pair to see that this was predicted. If you are not yet long on this then there is another chance now. This should retrace further back to the previous resistance level and find support here before rising again to the target of the next high at 144.794. SL just below the lows of support (highlighted in orange).
Bullish GBPJPY - BUYBUY GBPJPY due to
1: broken and retested supply zone
2: double bottom formation
3: Rsi divergence
GBP/JPY Watch for BreakoutAs previously reported this is very close to a breakout. Also MACD and EMA's point to this rising above the resistance. Look to enter a trade once this breaks and then retests this level as a support. TP is currently set at the next resistance.
||THE STRUGGLE FOR CONTROL ABOVE 142.2X (GBPJPY)Since start of 2021 we had highs on GBPJPY hovering @141.2x struggling to break above , but failed at (X-1) we have push lower for sellers to cover up some loses towards the last lows @139.5x and the lows held strong at (Y-1)
Bullish momentum kicked in at (Y-1) enabling buyers to take control upwards for another re-attempt to break the last point of resistance at (X-1)
but it held strong forming a new zone (X-2)
While at (X-2) we had a pullback 0.61% retracement to get a bounce in buyside liquidity to break 141.2x which broke out and created new highs @s142xp
Similar pattern happening again , so expecting a 0.61% retracement at (X-2) creating a bounce for price to push above 142.2x towards around 143.4x
risk:
1-3 risk reward both on buys and sells
X- INTIAL HIGHS
X-1- FIRST ATTEMPT TO BREAK
X-2-SECOND ATTEMPT TO BREAK
Y- INTIAL LOWS
Y-1-FIRST ATTEMPT TP BREAK
GBPJPY Long SetupPrice has rejected a major level of resistance from a higher timeframe and is completing a bearish engulfing pattern on the H8 chart. At the bottom of this setup, we have a strong support level, where I anticipate a bounce.
GBPJPY LONGReasoning for taking GBPJPY Long.
1. Daily and Weekly shows that we are at a double top area. (could be a strong reversal point to the downside)
2. 4hr still looks bullish. break of structure to the upside.
3. 61 fib retracement level held for potential upside continuation.
4. Potential upside target is at the very top of the double top area.
Bullish Bat PatternGBPJPY BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (140.450)
Min Take-Profit: (141.119)
Max Take-Profit: (141.550)
Stop-Loss: (140.029)
Max Risk-Reward: (2.61)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBP/JPY Signal - GBP Markit Construction PMI - 7 Jan 2021GBPJPY is trending to the upside this week prior to the GBP Markit Construction PMI, and we anticipate continued upside into this event. The data shows business conditions in the UK construction sector. Technically the pair is at the 50 moving average and above the 139.94 support level and we anticipate upside into the 141.210 level.
GBPJPY Holds Above 140.69 LevelSignposts summarized key chart details. Sell off from the 141.24 level continues to weaken. While 140.69 is a rather minor level, price is holding on this week's open. Pound traded higher despite Brexit news, which is expecting to hold given current price action. Aiming to see 141.24 resistance invalidate over the next couple of weeks.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
GBPJPY Buys to 142.500 if next H4 closes above 140.00GBPJPY Buys to 142.500 if next H4 closes above 140.00
GBPJPYsee what happens at this zone.. if we see a bullish pattern forming we can expect a push to the upside.
My exprectation for GJif the price respect 140.70 you can take the buy just wait the confirmation if the price break the 140.70 and the next candle opening under the 140.70 zone the buy not valid
GBPJPY Bullish Order Flow Out of London GBPJPY created the daily low during London open by capturing sell side liquidity. It then closed a HHHC (higher high higher close) on the 4HR during NY session giving an optimal trade entry on the pullback. Price pulled back and re-accumulated on the 1min tf and never looked back. Target is the price imbalance that rests above on the 4HR. Now short term, order flow is bullish.
