GBPJPY TRADE IDEAGBPJPY - We have a downtrend closing in on the support level. Will be waiting for a break or a bounce from the trendline resistance here. If it is a break and retest I would go Long, I would have 3 TP's: 48 pips, 75 pips & 114 pips and SL would be 20 pips. Small SL because I don't really want to stay in the trade if it goes back into the wedge.
Gbpjpybuy
GBP/JPY Wave Analysis
After a strong bull run, the counter is currently in corrective (ABC) mode.
It has completed wave A and is forming its final leg of wave B.
It is now up against a resistive trendline and a break above it can take it higher.
Hence, we advise traders to initiate long positions only when an hourly candle closes above the trendline.
Possible Bullish Three-Drive Harmonic PatternHi everybody this is an example of a possible bullish three drive harmonic pattern . I want to take advantage of what could be an awesome example of the three drive and share with all of you the rules of this specific pattern. Point A should be the 61.8% Fibonacci retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2. Drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B. This example meets all the requirements.
GBPJPY - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Bullish pa and closure above main sr level.
4 HOUR
Prices trading bullish now, expecting another push to the upside.
DAILY
Overall strong market and pressure, good long entries!
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FOREX SWING
BUY GBPJPY
ENTRY LEVEL @ 133.380
SL @ 132.130
TP @ 135.850
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBP/JPY BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
Market-Buy: 133,700
Stop-Loss: 132,835
Target 1: 134,530
Target 2: 134,515
Target 3: 135,995
Stop-Loss: 86,5 pips
Risk: 1%
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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