Gbpjpyidea
GBPJPYAs i said last weeks ...As I said GJ he climbed to Fibonacci 786 he broke in a few hours and closed above the 153,500 and even far over ...
This week I will wait for a retracement to the area 153,500 and there ... I think GJ will test the area 155.500-156,000
THIS WEEK...as I said last weeks GJ has reached 155,600
NOW...If we make a parallel between the chart on a week and one month because the month of May closes we can see that GJ has reached the trend line formed for 1 month and 1 week and from here I expect a withdrawal movement of at least 700-1000 pips if it closes the month below 155,600 ... even if GJ will go up maybe 40-50 pips this week.
I want to mention that the trend line formed by GJ for 1 month is the most perfect trend line we have ever drawn and I expect it not to be exceeded at all ...
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Gbp/Jpy : Eyeing 157 handle Feb 2018 High ? As of now price is consolidating in a 100 pip range (153.50-154.65) , Speculative sentiment index is around 35% and trend is strong on higher time frames indicating the test of 2018 high around 157 handle which stands as the major resistance / Top.
Trend : Up
Signal : Long Scalp ( 153.50-154.65 range)
Positional trade # 1: Long above 151.70 ( EMA 50)
Stop Loss : 150.50
Target : 157 handle
Positional Pending trade #2 : Sell limit @ 156.70-157.30
Stop Loss : 158.50
Target : Open
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY analysisHello friends.
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Everything on the chart.
we are formed LD pattern
targets: 152.3 - 152.7 - 153.3
after first target reached move ur stop to breakeven
stop: ~150 (depending of ur risk). ALWAYS follow ur RM .
Good luck everyone!
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GBP/JPY New Long Setup To Catch 300 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/JPY New 2 Short Setups And Free 500 Pips Here !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPJPY - Sell Bias G'day Trader,
With GBPJPY we are looking at overall bearish move with the possibility of 2 scenarios to playing out.
Our confluence are very clear Head and Shoulder pattern, break and retest of ascending channel.
Price currently retesting pervious minor support as resistance at the 38.2% fib. If we get a strong bearish candle this could be nice move down.
We could also look for price to pullback to 61.8% fib before continuing bearish move down.
Its game of patience now.
Good luck Traders.
Lenin