Get started

Gbpjpysell

GJ Sells Breakdown 13/11/2020I don't usually take impulse entries but I have taken a similar setup on GJ 3 times before already this week and they were all winning trades Entry was taken at the point we broke below the wick of the bearish 30m candle on support anticipating price to come down to the next support. I used my usual 2% risk and price very quickly moved towards target TP hit and I secured 3.2% account increase If we flipped bullish I would have managed risk by closing half of my positions so that if SL hit I lost less than I was happy to lose.
by rhf_fx
GBPJPY- Watching you like a hawk "I Like the Way you Move!"Looking for an opportunity to SELL GBPJPY. Pulling the trigger if the right price action presents itself during London Session. I'm looking for a retest of the previous high. GBPJPY moved over 250 pips in one day!!! Looking for price to sell. Why? I can see imbalance in the market and liquidity that they need to come back and pick up. Also... Not very technical, but... what goes up, must come down... lol (impulse, correction). Happy Trading everyone! You've got this!
Short
by IAmQueenofPips
1
GBPJPY, 4hr tf, sell on 61.8 fibonacci retracementHello my friends, Today is November 3rd and it means USA presidential election. Please trade safely and play it carefully as we could see high volatility in the forex market during this time. For today, i already closed all my positions and booked profit. I am gonna review my closed positions first before starting with today trade idea 1st trade is EURCAD pairs which i closed at 1.5390 for +160 pips, banking +6.4% profit 2nd trade is NZDCHF pairs which i closed at 0.6110 for +55 pips, banking 4.4% profit 3rd trade is NZDJPY pairs which i closed at 69.90 for +90 pips, banking +4% profit For today, i only gonna trade lightly with GBPJPY pairs. Based on the daily timeframe you could see we are now at horizontal resistance level, which also happen to be 61.8% fibonacci retracement of recent downward movement. This mean 136.45 is an area of confluences, sellers might come to try defending it Sell GBPJPY 136.45 Stop loss 137.15 Take profit 133.35 RR ratio 1 : 4.4 (4.4R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPJPY, 4hr tf, SHS pattern breakoutHello my friends, I spotted a very good setup on GBPJPY pairs. Price made a SHS pattern and it just break below the support with a solid candle close. Notce also price smashed through the horizontal level so we could say this 136.40 level gonna be a strong resistance. If we count the measured objective of this SHS pattern, it could go down towards 135.20 level It is offering a 2R ratio so we wil try selling this pair. Sell GBPJPY 136.40 Stop loss 137.00 Take profit 135.20 RR ratio 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
GBPJPY, daily tf, sell the trend line retest with ichimokuHello my friends, I got another setup coming for you today. Another pair with JPY which is GBPJPY. I am using daily timeframe for this setup so don't expect price to move quickly along with our direction. Noticed that price already break below the ascending trendline with a solid candle close from previous candle. This upwards movement was only a retest of broken trend line in my opinion and we could see price go down again. There is also 61.8% fibonacci retracement resisance around 137.00 area so we could this could serve as a strong resistance. I am going to take a sell position here because there is some confirmations from my screener. 1st confirmation is price below the kumo cloud 2nd confirmation is kumo cloud color is red 3rd confirmation is parbolic SAR now above the price indicating sell pressure Sell GBPJPY 137.00 Stop loss 138.00 Take profit 1 at 135.85 Take profit 2 at 134.50 RR ratio is 1 : 2.5 Use only 1-2% risk Good luck Disclaimer : I sold GBPJPY from 137.00
Short
by HayatoDragonFX
GBPJPY Bulls Are Overstaying Their WelcomeGBPJPY reversed from the resistance zone and broke out the S&R zone and daily ascending trendline impulsively. According to the EW principle, a three-wave correction in opposite direction follows every impulse move. That's what is currently unfolding as a bullish corrective move in wave (b) The correction seems to be unfolding as a zigzag and it's about to complete. Once the correction is completed, the market resumes in the direction of the impulse. The bears have the potential to find a supply around broken S&R that lined up with 61.8 Fib. Look for the break of the parallel channel for short entries. Targets below wave (a) low is plausible in wave (c) of ((b)). What's your opinion on GJ? Let's interact in the comment section. Good luck on the chart! Veejahbee.
Short
by Veejahbee
GBPJPY, 1hr tf, inverted cup and handle to materializedHello my friends, Today i got some of my positions hit stop loss. It is a bad day for me and i believe this is a good experience as well as no traders can get it 100% right all the time. The most important thing is to keep our risk management all the time. Here are some of my positions which hit SL GBPCHF pairs for -50 pips USDJPY pairs for -45 pips For today i am gonna trade lightly with GBPJPY pairs. I am using 1hr time frame for today as i spotted a possible entry. There is a possiblity inverted cup and handle is forming. Price now below the kumo cloud which is red colored. We got parabolic SAR above the price indicating sell pressure on it. Sell GBPJPY 136.45 Stop loss 137.00 Take profit 1 @135.90 Take profit 2 @135.35 RR Ratio is 1 : 2 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
3
GJ 120 pips Sells BreakdownPrice broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this trade was pretty good. As soon as we tapped into the broken support zone, I took an entry with half of my usual risk, stops were above the previous candle and my TP was highlighted on the chart. Profits were taken at each of the support zones as we tapped into them, this lowered our risk and secured profits. When we hit our final target, we removed our TP and let 10% of the trade run, the target for this was 135.887, as this was a possible rejection zone and also 120 pips profit. This target was also hit before price formed support to continue back up.
Education
by rhf_fx
GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by rhf_fx
2
GJ Analysis 28/09/2020We are looking for a break of support at around 135.350-00. If this happens we would look for a resistance to form on the lower timeframes before looking to sell back down and fill the clean range down to 135 flat. The reason I am not looking for buys is that the upside is very choppy and there isn't a clean range to long into. However if we respect the support which we just broke back into, we should fill the range back up to 135.600. so that would be your buy opportunity.
Short
by rhf_fx
GBPJPY - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( GBPJPY )! - 1 HOUR Slowly rising market structure.. 4 HOUR Small pullback to the upside, good short entries! DAILY Overall bearish market structure in a small pullback.. - FOREX SWING SELL GBPJPY ENTRY LEVEL @ 134.670 SL @ 135.210 TP @ 133.310 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
49