Gbpjpybuy
Long GBPJPY Long Term Based on Bullish Gartley PatternWe've got a triple top on another idea, which we're waiting now for the break of a neckline for confirmation and the continuing drop will be in line with this Gartley pattern to complete Leg D. However, between the Targets 1 + Targets 2 of our Gartley pattern there is our 0.786 fib level, which we will be watching as the retracement for our Triple Top short trade entry - so keep an eye out at these levels.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPJPYOur preference: buying position above 145.25 with targets at 146.10 and 146.55 in extension.
Alternative scenario: in break of 145,25, a continuation of the decrease will be envisageable with 144,80 & 144,45 in line of sight.
Comment: The RSI is bullish and militates for a continuation of the progression
GBPJPY - BUY H4 GbpJpy - H4 - I see price testing the H4 demand zone so good buy with a great risk to reward. Also potentially a long term buy on this pair so great entry
GBPJPYOur preference: buying position above 145.40 with targets at 146.85 & 147.15 in extension.
Alternative scenario: in break of 145,40, a continuation of the decrease will be envisageable with 145,15 & 144,75 in line of sight.
Comment: The RSI is well oriented.
GBPJPY Bull Party Has Only Just StartedGBPJPY is a perfect example of why you should also look at te higher time frames. If you would only look at the 30m, 1h, 4h, or even the daily you would quickly judge the GBPJPY has gone up a lot already and that it would be very logical to go back down again. How ever when you take a look and the weekly and monthly you see that price is still rather low and it actually just started its way back up.
This is also what we see here on the weekly time fame for GBPJPY. A long term upper range has been broken and its touching the same resistance now for the 3rd time. Which means chances of it breaking this time have only gone up.
So long term GBPJPY would be a beautifull buy position to hold on to and add more buys a long the way up!!!
GBPJPY h4 timezone Harmonic Patternharmonic pattern almost completed and GBPJPY Currently is at sell zone watch carefully and take good points entry good luck .
Longterm GBPY Long + Short Setup on 4H + 1D Charts 300-900 pips!Hope you all had a great weekend. Looks like our active trades are making great progress to start the week, so let's try to keep the momentum going!
The GBPJPY pair has been up trending on the Weekly chart since 3rd October 2016 and we can see price has touched down on the lower uptrend level a few times since then and has respected this trend line. Most recently we have come back down to this trend line and almost touched it today and so, we are expecting price to respect the trend line and bounce back up to continue it's trend pattern. On the weekly chart we can also see price hit a major resistance level on 12th of December 2016 and the 8th of May 2017 and was unable to break through, therefore our target TP will be just below this level with a return of 700 pips.
As we zoom into the daily + 4H charts, there is still some momentum to move down a little further. On the last two bounces, price was at 5% and 3% oversold on the daily chart and we only dropped to these levels when price touched the trend line and bounced up - Currently, price is 27% oversold so this would go in hand with our opinion that there is room to move down further before the bounce.
I have marked out some key support/resistance levels I want to keep an eye on as we monitor this trade setup. The conservative approach would be to wait for the bounce and enter above 141.3x for confirmation, however, I may just wait for the bounce and try to get in as low as possible and then keep a close eye on it.
On the flip side, with everything that is happening fundamentally... it is highly likely that the GBP will continue to fall and we may just see this pair break the trend line. I have marked out my potential targets for TP if we enter a sell instead of a long.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPJPYOur preference: position bought above 139.45 with targets at 140.80 & 141.20 in extension.
Alternative scenario: in break of 139.45, a continuation of the decline will be envisageable with 139.00 & 138.60 in line of sight.
Comment: The RSI is well oriented.
GBPJPY Buy Bounce BackGBPJPY is showing a nice buy setup on the 4 hour time frame and its also forming a cool bullish wedge on the daily time frame.
You can see that its has been trading nicely in its range now and is now inside that range also forming a bullish wedge from which its
about to break-out.
GBPJPY long based on Mongerskit Trading System GBJPY is still long according to our system. we are just facing a pullback.
we might either retest the support or make higher high.
GBPJPY Double Bottom at Structure!Hi guys,
i've been watching this pair for quite a while, price has finally reached the daily structure i wanted to. Here we have two harmonic patterns already completed (Bat and Gartley) and price has formed a nice double bottom with RSI divergence.
The first way you can trade it is by buying right now, with stops below the lows and targets at a minimum 1,25:1 RR.
The second way is by waiting to see a break of the trendline, that would also mean a break of the double bottom to the upside (and then a 2618 strategy), and buying at the first retracement.
That second way would be safer but you can also miss this trade.
Now it's up to you.
If you want to share your view, comment beneath.
Otherwise, see you in the next chart!
Two Harmonic Patterns at market on GBPJPYHi guys,
i've been watching this pair for quite a while, price has finally reached the daily structure i wanted to. Here we have two harmonic patterns already completed (Bat and Gartley) and price has formed a nice double bottom with RSI divergence.
The first way you can trade it is by buying right now, with stops below the lows and targets at a minimum 1,25:1 RR.
The second way is by waiting to see a break of the trendline, that would also mean a break of the double bottom to the upside (and then a 2618 strategy), and buying at the first retracement.
That second way would be safer but you can also miss this trade.
Now it's up to you.
If you want to share your view, comment beneath.
Otherwise, see you in the next chart!
GBPJPY buyPrice looks to have found a new support area as on several occasion the GBP has come to this level and held steady even amidst heavy news. Waiting to see where this goes.
GBPJPY Possible Buy Set UpIf you want to keep updated on this trade click the link in my bio and join our FREE signal group!
GBPJPY longGBPJPY was totaly exhausted trying to go further down, so
what I expect from GJ this week is defitinitely uptrend movement.
Important Supply area with daily resistance is important and major area to break.
Daily trendline is also major resistance, which will try to hold GJ in downtrend.
After breaking trendline + resistance area, i will be looking for buy opportunities same
as on USDJPY (on UJ i expect bigger pullback before move up than on GJ)
Don't forget to trade with proper RM/MM and caution.
Good luck traders! Wish ya profitable week
GBPJPY sell breakoutGBPJPY easy setup as you can see on chart
I will be shorthing breakout previous resistance (support now) and
trendline break, which will lead into making new lows
Do not forget to trade with proper RM/MM and caution.
Good luck guys.
GBPJPY buy Looking for price push upwards and respect this tough area. Though it may have closed below the fib levels I expect it to to push upwards
