Gbpjpysell
GBPJPY, 4hr tf, 5th wave analysis of ELliott WaveBased on the 4hr timeframe we i tried to analysis GBPJPY movement using Elliott Waves principle. Wave 3rd finished exactly at 161.8 fibonacci expansion level while Wave 4th stopped at 38.2% fibonacci retracement of Wave 3rd.
Usually when the 3rd wave stopped at 161.8 fibonacci expansion of Wave 1, the 5th wave length will be the same with the 1st wave. The comparison of 3 impulsive waves will be a 1 : 1,618 : 1
We could try selling this pair with stop loss above the 4th wave top at 134.00 because if price move above that it means wave 5 is completed already.
For a better entry we will wait for GBPJPY to retrace a bit to 132.80-132.90 before selling it
Sell GBPJPY 132.80-132.90
Stop Loss 134.00
Take profit 1 at 131.70
Take profit 2 at 130.50
Good Luck
GBPJPY THOUGHTS / JUNE 29th - JULY 10th GBPJPY should retrace Sunday, then begin to drop. I would hold this trade for a week and a half. Be patient. #tradegang
GBPJPY daily buy moves then its come sell and then goes to buy GBPJPY daily buy moves then its come sell and then goes to buy see to next few weeks .
GBPJPY Possible Sell/ShortI linked my last analysis to this post.
I believe price MAY wick up to trap traders at the previously broken support area before selling 133.964 area
If price breaks through 134.650 area close sell (SL area)
I will not personally enter again for another GBPJPY sell/short until I see rejection in this area 139.96 to 134.2 on the 4H chart
Remember ALWAYS use proper rick management. :)
GBPJPY - REJECTION / SELLPrice should get rejected around this level and fall towards the green area
GBPJPY SELL GBPJPY IF price retraces then I'm looking for a strong sell in between 135.000 / 135.500
GBPJPY CONTINUATION SELLPrice retested neckline from head and shoulders reversal formation.
Anticipating a continuation of the sell until roughly ~130.XX.
gbpjpy shortWill be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry only if it goes up correctively, if it impulses through that zone will sit on my hands and wait to see what the market is doing. I wouldn't be surprised if we get a sharp impulse down through the monthly support level below into a bear flag continuation to the downside where ill be taking an entry if i see a clean structure of the flag.
GBPJPY SELL GBPJPY after rejected from the resistance and make bulkback if star to continue to a downtrend is good for traders to sell this pairs
I believe they gonna go down around 410 pips
As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks you
GBPJPY ANALYSISGBPJPY is trending downwards. Price broke a level of support, and i'm currently awaiting a pullback to the resistance to test it before TANKING HARD!, SL above previous highs and TP at next Support.
Will GBP/JPY finally drop?Hey tradomanics,
technically we see a very nice entry for a GBP/JPY sell here. AS the fundamental situation is still very mixed it is obviously very risky to trade a long on DXY and JXY since risk-on-sentiment is causing trouble for both currencies.
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Peace and good trades
Irasor
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GBPJPYTime = 1H
– Structure = Uptrend
– Pattern = Elliot wave
– Tendency = Downtrend
Time = D
– Structure = Downtrend
– Pattern = Fibb Retracement
– Tendency = Downtrend
*** Price tested & Couldn't fully breakout 0.618 Fib Resistance.
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION!
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
FURTHER SELLING MOMENTUM ON GBPJPY Further bearish potential on this pair to marked levels.
Entry, stop loss and take profit levels have been marked.
Do not risk more than 2%
GBPJPY forecast 2 June 2020Hi,
as you can see GJ is at the Top to make big double top then move to the downside for minimum 350 pip and maximum 580 pips to reach the start of big impulse.
i based my analyses on Market Structure and Patterns, as you can GJ come to the top in a way of correction and it made rising wedge that indicated GJ is certainly to move to the downside.
THIS IS JUST BASED ON MY IDEA.
GBPJPY BEARISH 7-9th June (big picture)GBPJPY BEARISH 7-9th June (big picture) Please leave a follow and like if you find it useful and I will keep posting for you guys!
this week will be small/big fall but we'll have other bearish on June:)
GBPJPY BEARISHGBPJPY BEARISH Please leave a follow and like if you find it useful and I will keep posting for you guys!
GBP/JPY - Sell Opportunity!We are waiting for price to retest the 131.300 area for potential sell entries
