GBP/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY has been going sideways now since 30th November it is showing us combustion and is ready to explode out of order block
when this meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
Gbpjpylongsetup
Ascending triangle,GBPJPYAs you can see on the 4H time frame there is an ascending triangle which indicates buyers power, we can wait for the break out and hope for a retest for getting in a long position, and volatility is dropping on 4H, which also indicates a break out is coming...
Take care and stay profitable...
GBP/JPY BUY IDEAHey tradomaniacs,
GBP/JPY has recently re-tested the primary trendline plus a very important demand-zone.
As the correction seems to be done, we have a great confluence with GBP/USD as price did exactly the same here.
I`ll be looking for longs in this zone!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBPJPY- long it A pair to go LONG for a while with a solid foundation! The British Pound is really strong in terms of there economy, re-openings, vaccine inoculation is
amazing too. The Yen however is coming around and pacing through. My bias is LONG short,middle and long term.
Good luck Traders!
Comments are welcome! Have your say.
GBPJPY UPDATE - LONG OR SHORT?Here is an update on GBPJPY analysis I made a week ago. On 20th February 2021, I made it known that we need a confirmation to either go long or short.
The present candle is forming a bearish pin bar which signals a sell order. Notwithstanding, we need a another candle to show a good confirmation of what to do.
What do you think?
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GBPJPY LONG TP HIT +6 PERCENT PROFITAnother update from the beginning of the week. Take profit level was activated within 15 minutes of entering the trade. We sniped the entry straight to our take profit zone. Its not very often we use a 15 minute time frame but once we saw this set up it was unbearable not to take it. GBPJPY was on our watchlist at the beginning of the week therefore we're happy overall to see a decent percentage of profit off this pair.
GBPJPY GOOD POSITION !As we can see on my previous forecast
Gbpjpy making strong structure bullish clearly
and here we go
after gbpjpy made higher high , i get the good moment for entry as a huge pips
as my forecast , i predict gbpjpy will making higher low @ fibo 0.618 which is there is also support trendline
and then we waiting for rejection to follow the trend
thankyou