Gbpjpysell
GBPJPY - SHORT DowntrendGBPJPY tried to break further into 131, but failed and was met with a lot of resistance. Therefore, it will start the downtrend.
GBPJPY CONTINUATION SELLThis pair broke past intermediate support, I am anticipating a continuation on the down trend at least to the first target.
My overall thought on this pair is that it is traveling down to 15, may be 122 area.
I'd wait for a retest of intermediate support to enter a position.
GBPJPY next week trade setupGBPJPY you can see my last anlysis on gbpjpy it has reached to its target and now it will further go down but first it will retrace a little bit to buy than continue its sell trend.
GBPJPY CONTINUATION SELLI am anticipating price to continue to the downside.
My analysis is based off of Elliott Wave Theory.
On the Daily, it appears as though price is retesting the 4HR support and looks to have turned into resistance.
I would enter here for a sell. Short term, I'll likely TP 128.50. Price would need to break through intermediate support for me to hold the trade to the downside.
Long term I see price traveling down to 122.XX area.
What are your thoughts on GJ?
FURTHER SELLING POTENTIAL ON GBPJPY Price is currently at a point of support where we may see it retrace to our marked entry point before advancing lower. Entry, stop loss and take profit level has been marked.
Do not risk more than 2% on this trade.
GBPJPY Short trade opportunity! On screen analysis...Hi traders,
GBPJPY is a pair that I got on my watchlist and saw a great opportunity coming next week. I just wanted to share my trade idea with you guys.
As you can see on the daily chart, the market was in Consolidation. The Range of the Consolidation was broken on May 6th and on Friday we saw that the Neckline changed from Support to Resistance.
On the 4 hour chart you can see a Counter trend where I drew a purple trend line. A break of the trend line will give us a nice opportunity to go short on this pair.
The first target is based on a Fibonacci Retracement level of 0.618
The Second target point is the last Lower Low seen on the Daily chart
The Third target point is based on the Fibonacci Trend Extension level of 0.786
Be patient and always trade with care!
GBPJPY WAVE 3 COMPLETE - SELL AFTER 4TH WAVE RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
GBPJPY WAVE 3 COMPLETE - SELL FOR FINAL WAVE AFTER RETRACEMENTI am looking for another entry on this pair.
It appears as though wave 3 has found some support and I am anticipating it to retrace between 38.2% and 50% of the distance it traveled.
Wave 2 was a flat, so I anticipate wave 4 to be a sharp corrective move.
Right now I am looking at an entry around 131.6 and 1311.99.
I will be looking to sell to 129.5 to 129.9.
GBPJPY SELL WEDNESDAY, 6th 2020
#GBPJPY SELL
ENTRY = NOW 132.500
SL = 132.800 (-30 PIPS)
TP = 131.300 (+120 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
GBPJPY Up Move Rejected - Consolidation Channel Entered. SELLGBPJPY showed a sudden, strong upward move some hours back, but the upward move seems to have lost strength around the current levels of 132.950, which is a strong resistance level for the 1H chart. I see this pair now entering a consolidation channel, hovering between 132.950 and 132.750 levels. I would go short on this pair for the near term, placing a take profit level around the 132.750 levels and wait for a clear trend to show.
GBPJPY short position in near termAs can be seen in the chart, GBPJPY is not being able to sustain an upward move, and as soon as it rises, short sellers are rushing in to push the prices down. It is currently testing the current support level of 132.770 for the 4th time, so I expect it to break this support level for a move down to 132.590.
GBPJPY Analycis (Sell)GBPJPY chart shows that market is on down trand..so we have to look for a sell entry..Gbpjpy sell trand runnining..Thank You
GBPJPY M15As long as this short doesn't break the 133.2 area I'll keep the order in in case it drops and hits the sell order.
GBP/JPY 1D ShortHey friends!
GBP/JPY is in a head and shoulders pattern. I´m fundamentally and technically selling GBP/JPY. I think it will fall with the Dow Jones.
GBPJPY SELL SETUPThese are my thoughts on GBPJPY.
I've added notes to the chart that validate my theory based on Elliott Wave Theory.
I believe we are in Wave B of the overall structure.
I've linked an earlier idea that supports my theory.
