Gbpjpybuy
GBPJPY Buy LimitWe saw that the trade did not go as we expected , but now I am waiting for it to finish the pullback at around the marked area and if we see that there was positive price action moving our way , we can enter the trade. I have set a buy limit at that point , so you can expect the trade to happen at any point soon
Buy Limit : Entry : 126.955
S/L 126.428
T/P 1 128.859
T/p 2 129.630
GBPJPY#4--->Waiting buy:Good day, dear #investors and colleagues #traders!
Your attention an analytical look at the currency pair #Gbpjpy:
The currency pair ended the week with a serious decrease of 470 points or -3.42%. Range coefficient rose 274 to 596 points.
#Technical_analysis:
Globally (D1):
The currency pair came close to the zone of global support: 130-127. Moreover, we come close to the lower boundary of the tapering triangle.
Locally (H1-H4):
The asset continues to be in a downward channel, any attempts of growth are perceived by market participants as an opportunity for sales.
Mathematical resistance and support levels for this week:
a) Resistance: 133.72 / 136.22 / 137.71;
b) Support: 130.34 / 127.73;
#Indicative_analysis:
* Leading indicators: These fund indicators are currently located near the "zone of potential purchases", but can not enter it.
* Price behavior indicators: These fund indicators demonstrate that the price is outside the "normal behavior", which tells us about the inability to open positions at the moment.
* Trend indicators: Demonstrate a decline.
= ≥ Total: The fund model assumes that market participants must wait for price stabilization, and only then it is worth opening a purchase. However, we do not expect that the upward trend will continue for a long time, a fundamental analysis contradicts this.
! The Fund reserves the right to change trading levels, #stoploss and #takeprofit levels without notifying subscribers on social networks.
Participants can track data in the public monitoring of the fund.
For # traders we provide a service - copying transactions from our trading account.
(You can start at $ 155)
For # investors, we provide a service - account management. (You can start at $ 155)
If you want trade with us (retranslate our deals to your account get us message here -> wmci.messagecenter@gmail.com);
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPJPY#3--->Buy:£ / ¥
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
#Comment_to_past_week:
The currency pair was trying to stabilize above the 137 yen per pound mark and it still succeeded. Despite the fact that at the end of the week, the currency pair fell by 121 points (-0.81%), the pair was able to close evenly above the important zone: 137.40-137.22.
"It's hard to evaluate how much a currency pair can grow in the face of a declining #GBPUSD, however, that growth should take place is certain."
Managing WMCI Asset Management,
Sergey Melnikov.
#Technical analysis:
Globally (D1):
The currency pair felt for support at the lower border of the downward channel. Given the current situation and the excessive strengthening of the yen, we can consider the current price formation as an opportunity for a rebound.
Locally (H1-H4):
The asset is in the downward channel after falling by 7 figures, and given how it is formed, the “Three Drives” pattern can be applied to it with short-term goals at 138.40, 139.64.
By tradition, we call the weekly support and resistance zones:
A) Support: 134.93 & 133.44;
B) Resistance: 138.93;
#Orders_and_position:
- Leading indicators: show the way out of potential buying areas, that is 137.50 - 137.00 is a possible area for opening long positions.
- Price behavior indicators: demonstrate normalization of price behavior.
- Trend indicators: demonstrate the flatness of the current price behavior.
#Deal: Potential purchases.
Considering the above information, we offer the opening of long positions with #stoploss 136.20, or earlier in case of exit from the normalized price behavior.
Potential shopping areas for us:
1) 137.25
2) 137.50
With the following #takeprofit: 139.64 and possibly 140.60
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPJPY is Drawing a Pattern That Favor the Bulls.GBPJPY has just completed a 5-3 "impulse-corrective" Elliot Wave cycle.
The correction is retesting a weekly support level that lined up with a 50% Fib ratio.
Price has the potential to move higher in wave C to complete the zigzag. Target above wave A high is plausible.
What's your view on GBPJPY?
GBPJPY#2--->Waiting buy:Good day dear #investors and colleagues #traders.
Your attention a technical analysis of the currency pair #Gbpjpy:
#Comment_to_past_week:
The currency pair could not fix at the lower border of the ascending channel. Gbpjpy has probably suffered the most severe losses last week among all the currency pairs associated with the yen.
The currency pair fell by 610 points (4.2%).
#Technical analysis:
Globally (D1):
The pair left the narrow channel D1 by the standards of the ascending channel and headed without meeting any special support, dropping south to the minimum level since October 16 this year. On Monday, the currency pair drew the doges at the very bottom of the downward movement, if the currency pair does not decline today, and if it can grow, we can see a slight correction.
Locally (H1-H4):
The pair is consolidating in the range 139-137. Given the recent movement, we can assume that this is the formation of a support line and a zone of potential purchases.
Level 139 is the Fibonacci resistance of 23.6%, a breakthrough of this level will shift the attention of investors to level 140.
By tradition, we call the weekly support and resistance zones:
A) Support: 135.84 and 133.13;
B) Resistance: 140.23 and 142.93;
#Orders_and_position:
- Leading indicators: they tell us that the movement was too strong and is currently in the oversold zone and the current consolidation allows us to consider long positions.
- Indicators of price behavior: they say that price is only beginning to normalize movement. If consolidation continues, we recommend that you consider the next transaction.
- Transaction: buying the average price of the range 138 with #stoploss. 136.50 and #takeprofit 141 # RR = 2.0;
! Attention, you must wait for the normalization of price behavior.
! The Fund for Indirect Investor Asset Management (WMCI Asset Management), reserves the right to change stoploss and takeprofit levels in its trading, without notifying subscribers.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
GBPJPY#1--->Waiting buy:Good day, dear #investors and colleagues #traders!
To your attention, a technical analysis of the #Gbpjpy currency pair:
#Comment_to_past_week:
The currency pair, under the influence of the factor #usdjpy, got rid of the major pair #gbpusd, this allowed to close the week +146 points (+ 0.98%).
In this asset, the difference in the indicators of economic data was especially felt.
It was rather difficult for the pair to determine the direction of movement and in the moment, it fell almost 100 points in the direction of our forecast.
#Technical analysis:
Globally (D1):
The currency pair changed the picture over the past week. Instead of a flat, on the daily chart, we got an upward channel with an obvious resistance zone: 144.03-144.60. By the way, at the time of writing, the pair is approaching the lower border of this channel.
Locally (H1-H4):
In this case, the global projection is also shown on lower time frames, and according to our estimates and our system’s estimates, in the conditions of a currency pair reduction to marks: 142.50-142.30, this can serve as a signal for a favorable place for shopping.
By tradition, we call the weekly support and resistance zones:
A) Support: 142.92 and 141.30.
B) Resistance: 144.30 and 145.57.
#Orders_and_position:
At the moment, the price is in a neutral state.
Therefore, we recommend that you refrain from opening positions at this time.
However, we recommend that you wait until the pair “finds” consolidation, only then, we suggest you open long positions with short stops.
By levels, this is the zone announced above: 142.50-142.30 (Only in case of consolidation at this level).
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
My Idea on GBPJPYI'm looking for a long break on GBPJPY but first I'm seeing the market going side ways all the way to the yellow Zone, I'm still going to keep my eye on this pair we might see the break happening before the Zone. and like always we should respect the reversal patterns they can be a confirmation of the break coming up