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Gbpjpylong

GBPJPY July W.3: Long-term trend signalHi friends, I hope y'all are having a profitable week ;) Today, we have a long-term buy trade on this baby. This trade is derived from the monthly time frame that has a huge bullish head and shoulder pattern that has its current price running in the L1 (small consolidation) and above the 200 m.a and short-term m.a's that are bullish crossed and retested. Having the price closed with bullish reversal candle and current forming a bullish candle, signals that the price wants to continue the patterns trend to/for its L2 and L3 together for the key levels that were previously broken and not retested. So that's just the preface of the monthly's current market condition, now let us take a look at this time frame to find out how the bulls and bears might behave in triggering or dis-confirming our trades. Bulls: If the price bullish breaks and run above (but retest on the 4 hour) the 6th Daily Key Lvl (1st trade signal), and proceeds to bullish break and retest the 5th Weekly Key Lvl (2nd trade signal), according to the weekly: the price will be in prep to rally for the double bottoms L1, L3, and L3 together for all the m.a's trend; and according to the monthly: the price would be in a bullish candle formation in and above the H&S L1 - in prep to rally for the patterns L2 and L3 together for the short-term m.a's trend, once that happens, then we should BUY!...(E.1 & E.2) Bears: -If the price decides to bearish break and close below the Daily Half a Bat Neckline 4 and 21 m.a (red), that will dis-confirm both trades. This is not financial advise, but if you would like to hop on these trades with me, there they are: BUY E.1@: 165.576 Lot Size: 0.05 S.L @: 161.851 (-0.92%) T.P 5@: 192.502 (+7.53%) R/R/R: 1:8 BUY E.2 @: 168.833 Lot Size: 0.04 S.L @: 164.651 (-0.91%) T.P 4@: 192.502 (+5.22%) R/R/R: 1:6 That's it for today. I hope you found value in this trade idea. If you have a different concept in mind, feel free to share it in the comments section or in private, I'd love to know you thoughts! Stay Blessed, Doji.2k1
Long
by Doji-2k1
GBPJPYHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPJPY view with smart money concept Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Long
by Bexi03
Long GBPJPY set up with IchimokuI have always been curious of how to use Ichimoku and yesterday I watched a video on the indicator and how to trade with it. It has always looked like a jumbled up mess. I did not break down the components and analyze them just took the strategy and I will test it in my demo account before applying to my live account. With Ichomoku, a long trade set up is indicated by three components: 1) Price close over the cloud 2) Conversion line (tangen-sen) crosses over the baseline (kijun-sen) 3) Lagging span (senkou span B) is above the cloud Set the stop loss at the nearest swing trade before the three above events take place and take profit at 2x stop loss. It is not my intention to educate on Ichimoku right now but to test a trade setup. If you want to see the video I watched, here is the link: www.youtube.com DISCLOSURE: I am not actively involved in this trade however I am considering it. WARNING: This trading idea does not constitute trading advice. The Forex markets present the ability to make money and you could lose everything. Consult your financial advisor before placing any trades.
Long
by neelyfx
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