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Gbpjpysell

GBPJPY - SWING - 15. DECE. 2020Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Bullish reaction after breaking below main sr level. 4 HOUR Price turned towards resistance, good short entries! DAILY Overall bearish market structure, expecting further downside. - FOREX SWING SELL GBPJPY ENTRY LEVEL @ 138.940 SL @ 140.150 TP @ 137.190 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
23
GBPJPY, 4hr tf, sell the retest of HnS pattern necklineHello my friends, I hope you all enjoy your weekend. I would like to share my trading plans for next week and i hope you gonna enjoy my plan. If you find it useful, don't forget to give it a thumb up and follow me for my next update. As you can see there is a clear Head and Shoulders pattern on GBPJPY, Price broken below the neckline with a strong bearish candle validating our breakout. I haven't enter this trade yet because i wanna see price to retest the broken neckline first. If we count the measured objective of this HnS pattern, it should be targeting 136.00 - 135.90 which is around 240 pips from the neckline. I also tried to breakdown the GBPJPY recent movement with Elliott waves theory and i found there is a chane we could see come retracement towards 138.30-50 area as we're now on Wave-iv correction. We could see Wave-iv as an ABC correction so preapare to sell it after the end of wave-c. It will be more convincing if there is a momentum divergence as well on it's way to the upside. Also pay attention that 138,30-50 area gonna be an area of confuences resistance because there is horizontal resistance level and dynamic EMA-resistence. Sell GBPJPY arond 138.30-50 Stop loss 138.85 Take profit 136.00 (7R) RR ratio 1 : 7 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
4
Get on the board next GBP/JPY station is "Hell":(Part 1).1:Bearish structure:(Short order).Market making LL/LH and respecting Trend line. 2:Market might retest levels of 138.512 or 138.845, then back to 136.780. 3:Market have broken the 200 MA. 4:Market will likely retest golden fibs levels. 5:Look for bearish structure on lower time frames for your entry, or what ever is your entry criteria. 6:Do look out for Fundamentals of both GBP and JPY. 7:Volume indicator showing power to the bearish side and weakness to the pullback, also showing strong sign of Short opportunity. 8:Risk 0.5% of your total account for long term survival. Note:This is not a signal, the purpose of this analysis is for education purpose only,Trade at your own risk. Do comment if you have any questions.
Short
by Ali_Talpur
GBPJPY DOWNGBPJPY As per the last analysis the price reach our first entry and now its giving us a second one on the down side, let the price makes its reversal and the make an entry to the down side on the big dotted line to the next level near 139. . . . En base a nuestro previo análisis en este par el precio ya hizo la primer entrada y ahora nos esta dando otra posible entrada a la baja después de terminar su retroceso, asi que esperemos a que termine su retroceso y yo hare mi entrada en la linea punteada azul hasta lograr llegar al nivel 139.
Short
by anaju17
2
GBPJPY, 4hr tf, pennant / flag pattern to materializedHello my friends, Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit. I started to get my edge back and i am going to post more positions for everyone to trade. My first setup for today is GBPJPY. To me, the recent sideways movement looks like a pennant / flag pattern and today i finally see price retest those broken support. We could expect price to continue decline on GBPJPY as the measured objective of this pattern is 275 pips. Nearest support is arond 136.30 area so we will try to sell GBPJPY and see if price could touch this support. Sell GBPJPY 137.80 Stop loss 138.30 Take profit 136.30 (3R) RR Ratio 1 : 3 Use only 1-2% profit Good luck
Short
by HayatoDragonFX
1