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Gbpjpybuy

GBPJPY | Perspective for the new weekHeading into the new week, it is obvious that the GBPJPY overstepped its two-day high and has crossed the critical resistance of 164.00 towards the latter part of last week's trading session to set the tone for a bullish expectation. Coupled with the key level @ 161.5, the bullish trendline identified on the daily timeframe shall be my guide to a bullish potential in the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPJPY: Bullish Inside Bar + Pin BarGBPJPY – SPOT: Buying On A Breakout Above The Bullish Inside Bar + Pin Bar (Combo Setup) Price Action: Price formed a Bullish Inside Bar + Pin Bar (Combo Setup) overnight. Price moved higher from the Inside Bar Pattern that had formed earlier this week (We did not consider trading this pattern). Price moved higher from the prior Bullish Fakey + Pin Bar Setup that had formed late last week. Potential Trade Idea 1: We are considering buying on a breakout above the Bullish Inside Bar + Pin Bar (Combo Setup). Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Pin Bar Signal (Which is a part of the prior Bullish Fakey Setup).
Long
by UnknownUnicorn393254
GBPJPY: Bullish Fakey + Pin Bar SetupGBPJPY – SPOT: Buying Within The Range Of Bullish Fakey + Pin Bar Setup Price Action: Price moved higher from the Bullish Fakey + Pin Bar Setup that had formed late last week. Price moved higher from within the range of the recent Bullish Multiple Inside Bar + Pin Bar (Combo Setup) that had triggered around three weeks ago (We suggested trading the pullback to this setup in the June 1st, members' daily newsletter). Potential Trade Idea: We are considering buying on a retracement lower to within the range of the current Bullish Pin Bar Signal (Which is a part of the current Bullish Fakey Setup).
Long
by UnknownUnicorn393254