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Gbpjpylong

GJ BUYSGJ Had been bearish for a while and had now tapped into main demand zone where I was expecting a reversal but needed a confirmation. Price broke above structure confirming buy bias on 30m and 1h and now looked like it was heading down for retest & retracement. Upon seeing I was looking for entries @188.200-188.300 with a sl@187.900 (risking 35pipsmax). I also set a buy limit @188.25. Aiming for 1:3; R:R. TP1: 188.75 TP2: 189.00 TP3: 189.47 * Where has the market moved since I entered my trade? Slight profits * If I looked at the market now, would I take the same trade? yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Precise entry * What do I dis-like about this trade now? taking its time, reversal trades tend to do this * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
GBPJPY Analyisi On Weekly ChartGBPJPY: Navigating the Ranging Channel for Profit The GBPJPY pair has been trading within a well-defined ranging channel on the weekly chart, presenting opportunities for both bullish and bearish plays within the boundaries of the channel. Key Observations: Defined Range: The channel is characterized by parallel horizontal lines acting as support and resistance. Price Action: The pair has been oscillating between these levels, creating predictable entry and exit points. Volume: Look for volume confirmation when the price approaches either boundary to validate the range. Trade Strategy: Bullish Scenario: Consider a long position near the support level with a stop loss just below it. Bearish Scenario: Conversely, a short position near the resistance level with a stop loss just above it could be profitable. Take Profit: Set take profit targets within the range, respecting the historical price movements within the channel. Risk Management: Adjustments: Be prepared to adjust your strategy if the price breaks out of the channel, as this could signal a new trend. News Impact: Keep an eye on economic news and events that could cause increased volatility and potential breakouts. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the ranging channel pattern, which indicates that the price is likely to continue moving within the established boundaries until a breakout occurs. Monitor the pair closely for signs of a breakout which could indicate a new trend. Happy trading!
by itmecrypomania
GBPJPY H1 / Long Entry Confirmation ✅Hello Traders! This is my idea related to GBPJPY H1. I see a confirmation for a long entry after the retracement until the price of 189.700. It reacted perfectly from the OB H1 and I expect to see a bullish move until the price of 190.600. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
GBPJPY dips continue to attract buyers.GBPJPY - Intraday The primary trend remains bullish. The selloff has posted a correction count on the daily chart. Buying continued from the 50% pullback level of 188.30. We look to buy dips. Bespoke support is located at 188.70. We look to Buy at 188.70 (stop at 188.20) Our profit targets will be 189.90 and 190.20 Resistance: 189.70 / 190.20 / 190.70 Support: 188.70 / 188.20 / 187.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GJ BUYGJ Head dropped a good +200 pips and now tapped into a main daily demand zone at 188.35 where I was looking for reversal formation. Reversal formation was formed at 9.30 once 30mins candle broke below Doji but then closed as a Bullish engulfing. Price also Broke structure to the upside . Upon seeing I set a Buy limit order @188.500 and was waiting for Pre-Ny or NY for this. Stop loss @ 188.200 (risking 30pips). TP1: 189.00. TP2:189.35 TP3: 189.85 * Where has the market moved since I entered my trade? at entry * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Precise entry * What do I dis-like about this trade now? Abit Stagnate * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Long
by mrachaw
GBPJPY to form a higher low?GBPJPY - 24h expiry The medium term bias remains bullish. Trading within a Bullish Channel formation. The sequence for trading is higher highs and lows. Buying continued from the 61.8% pullback level of 189.20. Previous support located at 190.10. We look to Buy at 190.10 (stop at 189.70) Our profit targets will be 191.10 and 191.35 Resistance: 191.10 / 191.60 / 192.00 Support: 190.10 / 189.60 / 189.10 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GJ SellsGJ had approached a key supply zone and closed on a massive rejection bearish engulfing candle @190.600 zone. I waited for retracment to the 190.500 zone and to also see Break of structure to the downside on the smaller timeframes(5mins) which I saw around 9.30 GBP session (UK time). Upon seeing this entered Sells @190.500 with sl@190.77 (Risking 27 pips). TP1: 190.05 TP2:189.85 TP3: 189.55 TP4: 189.05. TP5: 188.500 * Where has the market moved since I entered my trade? Near Entry * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? Multiple confluences * What do I dis-like about this trade now? Choppy taking time for this to move * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
GBPJPY Technical Analysis and Trade Idea (video)This is a video explaining my previous screenshot On the higher time frame, the #GBPJPY exhibits a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes, we want to lookout for specifically, a double bottom setup followed by a break below the previous lows, a robust rally, and subsequently, a higher low formation with retest and fail of a range at support. However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital. Disclaimer: This analysis provides a technical perspective on AAPL and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
Long
by fxtraderanthony
GBPJPY Technical Analysis and Trade IdeaOn the higher time frame, the GBPJPY displays a bullish trend with a recent retracement into an equilibrium zone. As we delve into lower timeframes (15m - 5m), we should closely monitor specific price action patterns. Look for signs of a double bottom setup followed by a break below the previous lows. Anticipate a robust rally and subsequently, a higher low formation with a retest and failure of a range at support. However, it’s paramount to acknowledge the inherent risks associated with trading. Always conduct thorough research, considering both fundamental market drivers and the broader macroeconomic landscape, in addition to your technical analysis. Implement sound risk management strategies to safeguard your capital. **Disclaimer:** This analysis provides a technical perspective on GBPJPY and should not be construed as investment advice. Tailor your trading decisions to your specific risk tolerance, informed by comprehensive market research and a holistic assessment of all relevant factors.
Long
by fxtraderanthony
GBPJPY 1.04% Return Trade ClosedGood Morning guys, I just not to long ago closed this buy on GBPJPY - I Took the trade yesterday evening and held it (during the Asian session overnight) I just woke up Let me explain why I took this trade These are my confirmations\questions > Question 1 - Was GBPJPY in momentum (bullish or bearish)? Yes, GBPJPY was in bullish Momentum at the time of me looking at it Question 2 - Who was interested (at that time)? Buyers were interested at that time Question 3 - Where were their stop losses? Stop losses would have been right below the highlighted levels (purple circles) & below the purple horizontal line (break out buyers) Question 4 - Have those stop losses been taken out? Yes I believe Stop losses would have been taken out already on GBPJPY (Red X) Question 5 - Did the set up make sense for me to pursue? Yes I believe it made sense for me to pursue this trade given the information I had When I woke up GBPJPY had a moved a massive 1:7.55 RRR, considering the fact that I risked 0.25% on this trade that would have meant had I closed at that RRR I would have taken home about 1.88% on this trade BUT, as you can see where I closed it, GJ had already pulled back a significant degree and in fear of it pulling back more and taking away more profit from me, I decided to close it (plus I'm going to be really busy today so I don't have the time to actively trail my stop as it goes further (which I do believe it can) My broker also shows a gap (I use ICM, whereas FXCM (tradingview) does not show a gap, which means manipulation is occurring somewhere in this area I closed the trade at 1.04% Return, doesn't sound like much but do the math on it from a much bigger account and tell me if you think it is worth it Plus I literally have been having an excellent week where I haven't lost any trades for the week, I'm on fire this week, let's see if I can keep it up I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader Downvote\don't Boost if you didn't read this post and didn't try to understand OR Upvote\Boost if you did read this post and did try to understand *Why don't I show my lot size?* *How much money I make is no where near as important as HOW I took the trade*
Long
by Brandon_evo4
GBPJPY LONG ❤️Forex Besties❤️ INFORMATION The UK economy has experienced a notable downshift since the start of 2023 which culminated in a technical recession for the second half of the year. Worse-than-expected GDP data for the fourth quarter revealed a 0.3% contraction (QoQ) to mark two successive quarters of negative GDP – the definition of a technical recession. 🔥BUY GBPJPY 188.400 - 188.600 SL @187.494 ✅TP 1 @ 188.900 ✅TP 2 @ 189.300 ✅TP 3 @ 189.692 ❤️FOREX BESTIES WEB - Technical Analysis Technical indicators SMA | EMA | MACD | SAR | VWAP | RSI | MARKET TREND | NEWS ❤️NOTE *Economic deterioration confirmed in Q4 *Much anticipated tax cuts could be announced next month while the BoE is still concerned over wage growth and services inflation *Sterling eases further while FTSE 100 opens higher ❤️MONEY CAPITAL MANAGEMENT ⚡️ Only Trade With Risk Capital ⚡️ Cut Losses Short, Let Profits Run On ⚡️ Avoid Using Too Much Leverage ⚡️ Avoid Taking Too Much Heat ⚡️ Do Not Give in to Greed ⚡️ Take profit equal to 4-6% of your capital ⚡️ Stop lose equal to 2-3% of your capital
Long
by My_Forex_Team
GBPJPY I Potential intraday long from support Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
5
GBPJPY Technical Analysis and Trade IdeaGBP/JPY has encountered a significant resistance level on the monthly timeframe. This level has demonstrated a strong history of price rejection. Furthermore, the pair's overextended state, following a sustained bullish run, signals a potential retracement. Trade Strategy: A retracement to the 61.8% Fibonacci level on the 1D could present an optimal entry point for a buy position. Seek confirmation of this setup from a daily timeframe price swing aligning with the Fibonacci level. Implement a stop-loss order below the previous swing low, maintaining a minimum risk-reward ratio of 1:2. Disclaimer: This analysis is for informational purposes and not financial advice. Always conduct your own research and risk assessment before trading.
Long
by fxtraderanthony