Gbpjpysell
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.
Gbpjpy sell 200 pips confirmGBPJPY will move to sell next week and it will touch to its target 130.260 you can gain around 250 pips confirm
GBPJPY next week directionWe are expecting the GBPJPY to move in the downward direction for the next week
GBPJPY confirm 270 pipsGBPJPY is creating a reflex impulse on the Daily chart so we are expecting a big fall to 130.600 from the current point
GBPJPY potential shortAt the 134.500 area, this dotted line started last week as support, gradually turning into resistance, with the price remaining undecided and moving up and down and not respecting it as neither support or resistance.
We have however, had several rejections and failure to break the descending trendline . Price dropped below the 50EMA but closed above it.
I am going to be monitoring this pair, if we see a clean break of the 50MA and see that it respects the newly formed resistance area , I will be looking to go short.
GBPJPY | SHORTWAIT FOR BREAK SUPPORT LINE OPEN POSITION 1 AND AFTER BREAK LEVEL 23 FIBO OPEN POSITION 2
GBP/JPY, Update on the pairGBP/JPY fell down like an apple from a tree and smashed our 1st Take Profit. 2nd Entry was closed manually when it reached the first structural Level on H4 Timeframe.
GBPJPY short beyond 134.5The last idea is still valid on #GBPJPY.
Anyway, as the price breaks the support on 134.5,
we can go short now with a higher risk (or lower size)
Entry now
SL 136.290
TP1 133.400
TP2 132.110
