Gbpjpysell
GBPJPY SHORT (Mean Reversion)Confluences:
1: Stop loss hunt at previous high on weekly chart.
2: Price heading towards high of the year(2021) which is an important supply zone with many retail stops.
3: Price has been moving very quickly which signals an over extended market for the pair
Summary:
Price is currently over extended and has been moving in a up trend for 2 weeks straight. We are looking for a potential stop hunt at the high of the year where many retail stops may be sitting.
There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the upside in a few weeks to come.
This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high. We will see how this current weekly candle closes before looking for any entries early next week.
gbpjpywe expect retest 154.600 then falling , Structure Alert - SHORT it is approaching structure level.
Keep an eye on for SELLS
GJ short from supply zoneMarket structure shift at the top of Daily range with intent to go lower. LTF confirmation needed within the red zone.
GBPJPY Short SetupWe've hit a 61.8 D extension to the downside on the lower timeframe.
Looking for a pullback, structurally that looks to appear around 155.
When price retests this resistance and I receive confirmation for an entry, I'll be looking for sells.
gbpjpy Just need to be patient a little while longer for our trade to get to the best area for entry then we can pull the trigger
GBPJPY Sell a break setup,GBPJPY - Intraday - We look to Sell a break of 152.79 (stop at 153.11)
Broken out of the channel formation to the downside.
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 151.87 and 151.67
Resistance: 53.40 / 153.80 / 154.00
Support: 153.00 / 152.80 / 152.50
GBPJPY Sell area Bearish wave coming soon gpyjpy will go down up coming days just and enter here to sell market . thanks
@CFTA-Chittagong-Forex-Trading-
GBPJPY SELL !!GBPJPY has been trading inside the given Channel since the start of February 2020. The currency pair seems to have entered a correction phase . i expect to see further correction till 50% fibonacci level . But since there is a parallel support zone almost at the 38.2% fibonacci level , i will be taking 154.9 as an initial Target level !
however , the price will most probably follow the direction as marked by the arrows in the Chart!
FOREX WEEKLY ANALYSIS : GBPJPYFX:GBPJPY
price need to goes down until .38 or .5 to rest then goes up again
GBPJPY; Long Term BuyGBPJPY has broken above and retested a major weekly/monthly resistance. the next target is 162.430 (also matches Monthly 200EMA lvl). SL is below last lows (triple bottom on 4H T.f) (⚠️If you want to be safer, you can place your SL way below the support, at 155.100. My account's risk allocation doesn't allow that so i went for a smaller, but still structurally correct sl. Always keep in mind risk management and your account size while calculating your SLs.)
GBPJPY: The Retracement is overPrice broke above and rejected that 155.950 daily resistance level, multiple daily wick rejections as well as what can be identified as a triple bottom on the 1H prompted me to take the trade. The final trigger for was that mini support/resistance level on the 1hr (156.450) getting rejected. I put my sl right below for 20 pips (which is a bargain for GJ) totaling a 1 to 8 risk to reward ratio.
GBPJPY - H4 - Bearish Reversals on JPY pairsGbpjpy - H4 - Price is making bearish swings now as the recently rally in jpy pairs comes near an end or correction. Expecting huge downside on this pair 300-400 pips target
GBPJPY Countertrend Opportunity?It appears as though price has hit a D extension to the upside.
Looking at a retracement potentially to the 38.2 or the 61.8 before we see a continuation to the upside.
GBPJPY going for a hard drop soon!Hi there,
GBPJPY is going for a hard drop soon, dont try catch top, wait bearish price action to start, then short.
Sl above neckline
FIRST TP 140
2 TP 120
Long term analysis
Good luck
GBPJPY Sell a break setup.GBPJPY - Intraday - We look to Sell a break of 152.15 (stop at 152.41)
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Posted a Treble Top formation.
A higher correction is expected.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 152.36.
Offers ample risk/reward to sell at the market.
Our profit targets will be 151.41 and 151.21
Resistance: 152.30 / 152.60 / 152.85
Support: 152.00 / 151.80 / 151.50
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
gpbjpy shortgbpjpy sell :
Reasons :
1)jpys are strong as longs have been added to cot report
2)as usdjpy is rising it has a 1h order block so it will come down
3)so we expect gbppjpy also short as there is a correlation between the jpy pairs
GBPJPY short ideaH1 timeframe
If can breakout this triangle retest than entry is safe entry
Tight stoploss
Huge profit
1:4 R/R
GBPJPY: Sells Into BuysPlease read my previous post to understand the long term directional bias.
I will be selling into swing buys.
I assume the sell setup will look something along these lines once we purge the trend line liquidity and fill some of the imbalance.
I have created an illustration to make it clearer for you.
GbpjpyGBPJPY
Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout
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Thankyou
I hope from this trade you will get some green pips 💲💲🤪
GBPJPY sellTook a sell position here, not much to explain other than a breakdown of this high range the price has been languishing in for the past few candles
