GBP/JPY SHORT TRADE IDEAGBP/JPY Signal
Market Sell: 150.300
Stop-Loss: 150.850
Target 1: 149.500
Target 2: 148.550
Stop-Loss: 55 pips
Risk: 0,5%
Risk-Reward: 3,18
Gbpjpysell
GJ short ideaRecently, checking Marketmilk on Babypips shown GJ on a downtrend. The bear market has been steadying since Friday. If you'd like to take part in this downtrend, use proper risk management.
GBPJPY bearish after pull back!!GBPJPY failed to break above 153.300 last week. And finally broke support on Friday, we will wait for a retest of support as resistance and sell price down to the neckline of the break out to fill the imbalance from a few week ago.
[GBPJPY W3 Aug 2021]GBPJPY
Short Setup
Continuation trade:
👉🏻 Price has a potential to form a corrective ABC movement here. Previously broke below and tested the 152.550 area, we could see further sell off to the previous low of 151.300.
Running trade
GBPJPY LOOKING BEARISH Everything is given in chart
please trail your stoploss
and follow your rules
Thanking you
SELLGJ is under a strong monthly resistance level. The order flow pointing bearish with GBP bearish with net positions being closed. Price is below a daily resistance level. If I see a bearish shift in Structure, I'll go short In this pair
GBPJPY, Daily tf, potential HnS pattern
Price might now complete the right shoulders exactly at 61.8 fibonacci level.
I am going to try selling GBPJPY as i think we have one more wave to the downside.
My target will be at the trendline supporting GBPJPY since 20 March 2020.
Sell GBPJPY 153.00
Stop loss 153.90
Take profit 147.90 (5.6R)
Use only 1-2% risk
Good luck
GBPJPY SHORTS Another pair that I will be watching for shorts, the Japanese yen has been a bit weaker lately so will be waiting for further confirmation on this trade idea
GBPJPY SELLThe main trend is downwards. price broke the structure of the retracement. A big sell of happened at resistance which created an order block. Waiting for price to touch it again before it continues to fall.
gbpjpy sellgbpjpy short :
Reasons :
1)below my ema lines
2)nice pattern trend indicates down
you can place a down trade now
take profit : green line
stop loss : red line
GBP/JPY good short position GBP JPY is making lower low lower high
look for bearish confirmation on lower time frames and enter short with your own money management
always remember money management is the back bone of any strategy
patience is the key
gbpusd sell nowI just sold Gbpusd, Gbpyen and Eurusd for a very high reward setup. it is simply support and resistance zones. your first target should be at least the 38% fib level taken on the four hour timeframe for very conservative and fearful traders.
GBPJPY Has Made a Double Top H1
Welcome back Traders, Investors, and Community!
Hi Traders, GBPJPY on H1 has made a Double Top and rejected by a large red candle which indicates it’s going lower. It can go lower to 151.9
⬇️Sell now or Sell at 152.88
⭕️SL @ 153.31
✅TP1 @ 151.9
✅TP2 @ 151.17
✅TP3 @ 150.20
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
GBP/JPY good short position as per technical aspect gbpjpy broke trend line resistance on daily time frame and market is back at the broken zone for a retest
look for bearish confirmation on lower time frames and enter with your own money management
alwats remember that patience is the key
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
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 ❤️
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (153.09).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 152.59
TP2= @ 152.31
TP3= @ 151.90
TP4= @ 151.30
TP5= @ 150.89
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 ❤️
GBPJPY - SHORT This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade without the dollar exposure.
Short GBPJPY @ 155
TP: 153
SL: 155.30
Good luck!
GBPJPY, 4hr tf, sell the end of wave-ivTrade ideas for GBPJPY by Hardi
Price right now on horizontal resistance level. There is also EMA-50 on this resistance level so we could say this is an area of confluence.
Yesterday we see an aggresive meltdown on GBPJPY, which i assume as the wave-iii.
Right now, I am assuming we're at wave-iv because it is retracing the recent meltdown. We will use wave-i as our protective stop loss based on Elliot Wave Theory
Sell GBPJPY 153.70
Stop loss 154.20
Take profit 150.70 (6R)
Use only 1-2% risk
Good luck
GBPJPY Forming Bearing Pattern As we can see on the GBPJPY daily time frame since last December, the Bull keeps the market up strongly, and the Pound was getting stronger than strong against YEN. After the G7 Meeting and Federal Reserve Meting, the Pond is getting weaker slowly. We are going to open a short position from the current price level.
