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Gbpjpyidea

GBPJPY - 250 PIPS+ SHORT OPPORTUNITYDo not open any trades yet, wait for second high test. No trades have been opened yet, waiting for the confirmation. GBPJPY has broken under the 4H 50 EMA and is failing to recover back on top of it. After a drop in prices, it recovered and did a high test (Prices pushing up in a short trend but failing to break the resistance (4H 50 EMA). We can expect a drop and break of the 200 EMA to happen eventually. Wait for another high test (Green candle with tick only on top of body) to confirm this pair is going to drop. Once the pair makes another successful high test, we can short it and put our SL above the 4H 50 EMA. Trade safe.
Short
by MoolahMaker
GBPJPY Completing Movement of Wave CThis pair has made wave a and wave b has ended. The thing that will happen after that is this pair will make movement towards point c. The price at point b is 147,000. This price will remain valid if the price does not move lower than 145.00, so it can make a move to point c. if viewed to a lower time frame that is H4, this movement has been cornered with the confirmation of a strong price movement that will push the price move higher. The recommendation we provide is to buy up to point movement point c and stop loss between 145,000 to 144,000.
Short
by fXVolume
GBPJPY DivergenceGBPJPY has been in an up trend channel for a while and all the while the indicators have not confirmed the move. As you will notice the MACD and the RSI have been making lower highs while the price action has been rising. This is the definition of divergence or non-confirmation which suggests that the rally will soon come to an end. A lot of times knowing when the actual high is upon us is the hard part thus making it difficult to execute a trade with confidence. That is where the rising channel comes into play. Price has made its way to the upper part of the rising channel and is finding resistance which if these levels hold will provide a ceiling from which price can move lower. At this point the risk to reward appears to be favorable for a short trade given the price action that we saw on friday. So long as price can stay below the recent high then I will be targeting the lower trend line.
Short
by Andy_Garcia_CMT_CFTe
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