Gbpjpysell
GBPJPY - GET READY FOR THE BUYGBPJPY, has made its correction. i am now expecting
it to be ready to make a move up.
its just broke fib extension at 0.236 (144.372)
happy trading
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GBPJPY bearish speculationExpecting a turn around here, we might go a bit higher and test another resistance but that is less likely. we shall let price action speak for itself in the next few candles.
GBPJPY Possible Sell setupGBPJPY price action is stalling near the resistance area, momentum is weakening as well, which is suggesting for a fresh falls coming in. Keep watching this market.
Good Luck.
GBPJPY BUY setupi am expecting the buy this week on the pair. so if you are joining make sure you include your stop loss
GBPJPY - SHORT OPPORTUNITYPrice reached a strong resistance area and gave us some strong bearish candles. Then it broke the uptrend line and came back up as a correction, giving us now another strong bearish candle. Im going short.
GBPJPY reached top of channel, get ready for sell near to 148.10Get ready for a GBPJPY sell as price reject top of equidistant channel.
Key resistance around 148.10.
This trade, along with other GBP trade, will be traded in Copy our Robot.
For past 2 months, Copy our Robot is up about 400 pips each month.
GBPJPY short position ideaentry price : 146.350
Take profit 1 : 145.100
Take profit 2 : 143.200
Take profit 3: 140.220
Stop loss : 147.100 (suggest to use trailing stop)
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Don't forget Asset management / and please trade at your own risk and this chart is as my opinion about GBP/JPY
THANK YOU
REGARDS
Abolfazl Abedi
GBPJPY - ENTERED Intra Day ShortAnalysis still the same as earlier but TEFA got validated by breaking the 50 EMA with a shift candle.
Trade immediately went into profit, no drawdown :)
SL 25 pips
TP 35 pips
GBPJPY Forming down channel after a break of the up channel
On the daily there are some interesting things happening;
What counts against the trade is the EMA50 was broken with a serious bull candle but the 0.618 Fib level is being respected.
Pro's
There is a clear up channel break and it is text book trading on the Weekly candles.
Set SL at 147.500 and there is a lot of protection; 2 Major Fib levels and the down channel that formed trend line.
With a profit to risk ratio of just over 2 this is a go......
Cons
The EMA50 (D) might hold......
Things to remember
This is a setup making use of W and D candles so it might take some time to play out; patience will be key!!!
Gbpjpy Sell Setup With Pin bar On Fibo 0.50% levelGbjpy sell setup with pin bar on fibo at 0.50% level
SL TP mention in chart
GBPJPY SELL SETUP BASED ON WAVE ANALYSISdO'NT MISS THE SHORT AFTER BREAKING THE SWING LOW BEST OF LUCK :)
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