GBPJPY: Are Sellers Done?My bias for GJ is still Bullish so I'm looking to buy after the pullback. Price retraced to fill the imbalance and was rejected at the 38.2 fib. I would like to see a deeper retracement down to the discount fib levels.
50 fib (192.68)
62 fib (192)
The 62 fib also has a bullish OB confluence. It is possible that price can push up from our first target at 193.75. Let's be patient and wait for our Bullish confirmations.
Gbpjpybuysetup
🚨 GBPJPY HIGH PROBABILITY BUY SETUP SOON 🚨🚨 GBPJPY HIGH PROBABILITY BUY SETUP SOON 🚨
* Here we can see clearly the next potential move for
Pound/Yen in coming hours or day.
* I can see GBPJPY is still within the Parallel Channel , & it's about to from Double Bottom Reversal Pattern at the Strong Support Line at 182.131.
* EP(BUY): 182.295
* TP1: 183.090
* SL: 181.872
* Keep your eye close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
GBPUSD LONGGBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August)
which is a good signal to find an entry to the upside. The daily time frame also just trend bullish, this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there
has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently
stands at a risk reward of about 1 to 8. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe, which is in line with the daily timeframe creating a high probability trade.
GBPJPY BUY TRADE SETUP. GBPJPY BUY TRADE SETUP.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBP/JPY BUY SIGNAL Hey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Buy: 131,180
Stop-Loss: 130,650
Target 1: 131,765
Target 2: 132,000
Target 3: 132,480
Stop-Loss: 53 pips
Risk: 1%
Risk-Reward: 2,47
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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