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Gbpjpyidea

GBPJPY short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
4
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 135.31. The pair may start a new down trend if it breaks the support level at 135.24. Previously, the pair was trading in an up trend by making higher-high lower-low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its 1st target price will be at 133.42 and 2nd target will be at 132.30. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
GBPJPY | WEEKLY FORECASTAfter hitting a Double Bottom in June 2020, The Pound began to build a Reversal structure this month (July 2020) as it Breakout of the neckline (134.000 level) last week. Tendency: Temporary Uptrend ( Bullish ) Structure: Double Bottom | Support & Resistance Observation: i. Our Double bottom describes a change in trend which emphasizes a momentum reversal from prior Bearish price action. ii. This Reversal looks like a long term prospect but its appropriate that we take it on a week to week basis. iii . A Breakout off of our Resistance Key Level (neckline) that has been respected since mid-June 2020 became our new Support level in the latter part of last week. iv. As our New Support gets stronger with engulfing candle, a prospect for a Bull in coming week(s) becomes feasible. Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward: 1:2.5 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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 NFTI takes 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. NFT&I does 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
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 134.02. The pair may start a new up trend if it breaks the resistance level at 133.89. Previously, the pair was trading in an up trend and after touching the resistance level it started consolidating in the resistance and support levels. The pair may start a new up trend if it breaks the resistance level, then its first target price will be at 136.81 and second target price will be at 138.61. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
GBPJPY short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 133.01. The pair is consolidating in the resistance and support ascending triangle wedges. Previously, the pair was trading in a down trend and after touching support level it started consolidating in the resistance and support levels. If the price breaks the resistance level at 133.55, then it may start a new up trend and its target price will be at 135.59. If the price breaks the support level at 132.84, then it may start a new down trend and its target price will be at 131.85. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
by rishililawat5
GBP/JPY Technical Analysis.Currently, GBP/JPY is trading at 132.68. The pair started a new down trend on 9th June and after giving the exit signal on regression trend, it consolidated between the resistance and support levels. After breaking the support level and neck line at 133.97, the pair continued the down trend, its target price for the down trend will be at 131.18. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
2
GBPJPY signal (SHORT)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and put 1 more sell limit order on ~137.25 targets: 132.1 - 131.3 - 130.3 after first target reached move ur stop to breakeven stop: above 138.2 (depending of ur risk). ALWAYS follow ur RM . Good luck Follow me on TRADING View, if you don't want to miss my next analysis or signals. Good luck. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! If i help you to earn some money i will RLY VERYVERY appreciate for your donate. Open to your questions or suggestions(PM to me).
Short
by trytofeelpositive
3
gbpjpy shortWill be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry only if it goes up correctively, if it impulses through that zone will sit on my hands and wait to see what the market is doing. I wouldn't be surprised if we get a sharp impulse down through the monthly support level below into a bear flag continuation to the downside where ill be taking an entry if i see a clean structure of the flag.
by TradingAfterCollege
GBPJPY breakdown (SEE CHART LINKS BELOW)Great week ahead! sending many blessings to all in hopes that EVERYONE is profitable and EVERYONE is taking some time to breathe. PLEASE TAKE THE TIME TO READ. A lot can consume ones mind, but we must not allow these thoughts to define who we are. We all have the ability to be the best versions of ourselves RIGHT NOW. most people fail at trading as even with their perception of their reality because it is in fact - THEIR REALITY. meaning that each emotion you feel comes from within, we do not need an external source to feel such emotions, but yet, get consumed by this, and then self destroy. why? the awareness that happiness is inside us all is blinded by the ego. the idea of control..and with control comes no flow. a cancer to humanity. this ego. so let us let go of all of that, breathe with a clear mind and smash our goals! they key im about to say will help with your trading career but as well with life. and thats the real game isn't it? so lets have fun and enjoy. key: you are not your emotions: - bringing AWARENESS to this presents the opportunity for all of us to VIEW our thoughts. this immediately takes us out of a reactionary state. people have a hard time realizing this as the conditioning is so deep that we've believed that HAPPINESS comes from an external source (material) when that emotion manifested from WITHIN. - this new awareness breeds CHOICE. FREEDOM. now, knowing that every emotion you've ever felt has come from within yourself and not from the external, you can really understand how we've had a choice all along with each response. this new response no longer has to be conditioned. this new response is now pure, honest and the intent is with love. you can now see how easy life can be. PRACTICE: : identify the best version of yourself... think about who that person may be. feel that emotion. now, do you understand how you can be that version of yourself this very moment? so what is stopping you? you are that best version of yourself. PRACTICE: : breathing. inhale for 3, hold for 3, exhale for 3. this is a similar technique practiced by Marines & Buddhists which can help calm heart within a few cycles, calm your mind and your world will be calm. PRACTICE: : discipline & passion. you must break out of the chains that hold you back, and this can be a process for some. If you truly want something in life, you have to endure. the strong survive. be humble and DO NOT compare your chapter 1 to someones chapter 20. trust the process and understand that everyone has walked a different path. different experiences that have shaped who they are and you have your own path to walk. and we must crawl before we walk. so trust and just breathe. cool, I say this because I know that this will help all traders in their journey, as well as through your lifetime. High vibes - you cant fake energy - cheers. this is some information EVERYONE can benefit from, so please like and share.
by justdame
4