GBPJPY Down Trend.!#GBPJPY Looking for Sell trade setup as I mentioned in the Chart.!
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Gbpjpysell
Short GBPJPY I will keep my bias on sells because on the following reasons:
1- Price is currently at Weekly Fib level 0.382, which is also a major resistance zone;
2- Double Top Pattern (4H);
3- 1 Engulfing bearish candle " (4H);
4- MA 18 and EMA 8 are crossing to the down side (4H);
5- MACD is losing strength and starting to give sell confirmation (4H).
6- On the Daily and 4H I see a Descending Bearish Continuation Triangle
NOTE: Price might react with NY opening.
GBPJPY 4H ProjectionGBPJPY 4H Projection
My view on GBPJPY for 4H.
GBPJPY is falling in a downtrend
Which is a LOT for such a major pair, especially given
That the bulk of the action happened in the last few weeks
So the pair is locally oversold
And I think that those who are in the short trades
Are looking for a level at which to close their positions
Trading Idea Regarding GBPJPYThis pair is going bearish
1-Going to break raising channel in 4 hour time frame
2-Heasd & Shoulder Pattern in 4 hour time frame
GBPJPY short trade ideasLooking at catch the next leg to the downside on GBPJPY to continue the overall sideways consolidation at this major resistance area. Ill be watching price from now and look for any confirmation around these current levels to take entry's, we are around the 50% retracement so even a little further push up would be ideal.
GbpJpy- New leg down is probableAfter reaching a high of 157.50, GbpJpy dropped pretty fast to 153 zone.
Now the pair is in recovery and, considering the flag formation from the recent bottom, continuation to the downside is probable.
155.50 is resistance and a good place to search for selling opportunities
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY IS in a nice correction and I will be looking for the breakout and possible retest before taking a sell trade
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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gbpjpy The path is marked with an arrow line. If it goes according to the analysis, the possibility of making more profit will increase
Trading Idea Regarding GBPJPYThis pair was strong bearish last week and i believe it will continue its bearish behaviour for the next week
1-Bearisg Flag Chart Pattern
2-Heading towards strong demand area on daily time frame
GBP/JPY SELL IDEA
Hey tradomaniacs,
welcome to a new free trading-setup!
GBP/JPY: Daytrade-preparation
Notice: Waiting for retracement and confirmation!
Market-Sell: 154.395
Stop-Loss: 154.730
Point of Risk-Reduction: 154.070
Take-Profit: 153.010
Stop-Loss: 33 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
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Peace and good trades
Irasor
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GBPJPYHello traders. With the price reaching the level of 50% and also intersecting with the downtrend line and -HD , I expect the price to drop well from there.
GBPJPY is fallingWe can see strong impulse, than very nice correction, so I expect to see GBPJPY around 151.500
GBPJPY weekly targetit's a good trend and the correction is over.
good risk/reward.
time to trade.
don't forget money management only risk on 1% of your balance.
good luck.
GBP/JPYThe British pound cratered against the Japanese yen to reach down towards the ¥154 level at the end of the week. That being said, the market is more than likely going to continue to show signs of negativity, as we have closed towards the bottom of the range, and we have seen a lot of negativity in other markets as well. Keep in mind that the pair is highly sensitive to risk appetite, so as long as we continue to see a lot of negative behavior out there, this pair will fall towards the ¥152.50 level.
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
GBP/JPY continuing on from last weeks trade i can still see this pair falling down lower so only looking for a short
so i will be looking for a pullback to order block zones to take a sell trade
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please follow like and comment thanks
GBPJPY- SELL opportunity when higherWe have corrected nicely on our first run from 157.00-157.20 short and profit 155.67.
Now we are seeking to re-sell and for now we have positive stochastic, but a negative MACD. We are still well protected at the top of the Donchian as well.
Strategy is to SELL 156.45-156.75 range (trend line resistance 156.57 for now). Stop-loss I feel 157.55 (financial stop-loss only).
Profit objective 154.78.
#GBPJPY What would you think about it ? Hey! i am looking it like this. What would you think. Comment please
GBPJPYHello traders. Due to the failure of the trend line, the price is expected to decrease by 80 pips in the first target and 130 pips in the second target. Be profitable
GBP/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/JPY for the new week ahead
so i am expecting A DECENT CANDLESTICK CONFIRMATION IN the order block zones and will be looking for a SELL trade only if it 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
GBPJPY- SELL strategyRemain short and keep stop-loss around 157.80 for now.
If a new sell strategy, SELL 156.70-157.00 if reached. The MACD is on the verge of becoming negative and we have ample room down. For now keep profit order at around 155.27
GbpJpy to break under support?GbpJpy has had an incredible run in the past 4 weeks, with the pair gaining almost 800 pips.
However, after reaching the 158 zone, GbpJpy started to consolidate in what seems to be distribution.
At this moment the pair is trading slightly under horizontal support and a clear break can happen
At least a correction could follow from now on and my target is 152.50 support
Above 158 this outlook is negated
GBJPY-SELL strategyThe sell strategy suggested so far is working well.
No change in view, SELL 157.00-157.25 (but you can adjust it at your own if needed). The stop-loss can be moved lower 157.85 for now. The profit order 155.37. The Donchian clearly shows the upper boudary and stochastics are negative giving the change for the move down.
