Get started

Gbpjpybuy

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
by Apex_Gregg
GBP/JPY 4HR VIEW HUGE INCOMING BREAKOUT 4K+ PIPSAs you can see in this 4 hour view, market is forming a pennant/falling wedge, this happens to be a breakout to the upside so i expect market to breakout on top. Not mentioned in the video is the fact that market is currently forming a rectangle channel within the pattern formation and this is a sign of breakout soon to occur, highly expect a breakout this week. Using support and resistance areas you should be able to work out a good buy in/exit spots buy simply looking at market history. I have worked out that this market should give atleast 4000 pips (a potential 5000 pips) if bought at the bottom/support area before breakout. This way you learn while you trade and know how to spot patterns and how to outline them and workout your entry and exit positions. SPOTTING PATTERNS IN MARKET: cdn-images-1.medium.com pbs.twimg.com HELPFUL VIDEO TO TEACH YOU HOW TO TRADE: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN DO LIKE, FOLLOW & SHARE. ~ THANKS! ~
Long
by Dani0
5
Long GBP/JPYFundamentals:- We have quite a few data announcements out this week which suggest an increase in average hourly earnings, cpi and gdp. After the sell off on the GBP today I would suggest this is just a price correction from Fridays up leg and we should see a further increase on the GBP especially against the weaker currencies such as the JPY. Technicals:- As you can see from the current 4 hour chart the up leg from 26th October has posted a 50% fib retracement. You could take this trade from the current price but with Brexit uncertainty looming it may be risky. I would like to see a new high on the current 4 hour candle to confirm reversal of the latest downturn.
Long
by FreeForexSignals4u