Gbpjpybuy
GBPJPY - PULLBACK - 23. APR. 2019WELCOME TO DACAPITAL-TRADING!
GBPJPY FOREX BREAKDOWN 23 APRIL 2019
1 HOUR
Bearish open below previous week support and long holders sl levels
4 HOUR
Bullish waving market with several pullbacks
DAILY
Good long entrys now after market took out several buyers and support zones
PULLBACK SETUP
BUY GBPJPY
ENTRY @ 145.055
SL @ 144.145
TP @ 146.090
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Avoid getting f#ckedWe can see that price is at a good support zone on the 4H chart and on the daily chart price has been consolidating, ranging or just moving sideward for weeks, all this makes this a good strong setup in our eyes for a bounce and bullish movement up to our green resistance zone.
If this trade plays out you could bag yourself 150+ pips, not bad for a snack ;p
But obviously with trading any GBP pairing around brexit you have to be careful and use correct risk management to avoid getting f#cked.
GBPJPY CHANNEL BREAKOUT GBPJPY has been travelling in an descending channel, it had a little fake breakout , but price came back into the channel, retested the inside and has started travelling down.
Price formed an ascending channel on its way up , however it has now broken out to the downside and has come back to retest it , giving us another indication that we should sell.
GBPJPY | Intraday trend tradeGBPJPY has broken above a descending trend line on the 4H chart & below.
Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside.
Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area.
Manage your risk professionally when trading this setup.
GBPJPY | Wave count | Long possibilityGBPJPY has formed a 5-wave motive wave & an ABC correction.
We would now like to go long from the current level with a stop below the C wave.
A simple, effective wave count with nice profit targets & great risk/reward ratio.
Updates will be posted as the trade progresses
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