GBPJPY SELL TO 135.00 Level GBPJPY is now in a downtrend towards the 131.xx levels
Keep selling lower highs and lower lows until any reversal.. !!!
Gbpjpysell
GBPJPY #M15 - Bearish Bat - ShortBearish Bat on GBPJPY
Entry: 144.59 or @Market
SL: 145.00 (-41)
TP1: 143.97 (+62)
TP2: 143.59 (+100)
Where next for GBPJPY?Sell the rally, but where to sell?
The big blue 504 period EMA represents the Daily 21 EMA on this hourly chart, and as you can see we had 2 nice bounces off of it.
I have marked up the 618 fib of the double top so if you were a bear you could short from 132.937 as a 2618 trade with an initial target of 132.477 or roughly 45 pips. The rest is up to your trade management but this target would mean a break of the upwards trendline that has been in place sine the 22nd August and a potential reversal for longer term trend continuation.
If you're bullish on this pair then you might want to see a break of the previous highs and the Daily 21 EMA, then a retest of structure before going long with a target of 134.470 or roughly 117 pips.
Or you could trade them both? What do you think?
Possible Bearish CypherBeen focusing soley on this pair for the last 2 weeks as I love the way it moves.
So looking at current movements on the daily and weekly I feel we are still looking at a move down, so looking at way to get involved we could have this cypher complete
GBPJPY Outlook Bearish ABCDafter failed harmonics and break of recent support, we can expect Bearish pushes to 128-127 area, we should see a reversal and ten a continuation down to the 117 area . position already locked in with 300 pips profit #CatchPipsWithUS #NTG #FIP #BTH
Potential Bearish Bat on GBPJPYOne can either Trade C to D or The Dpoint of this pattern. we see a respect of red trendiness so be patient and wait on it!
Preparation for 120 possible 117 on GBPJPY WEEKLY OUTLOOKAfter Anticipating Last weeks drop to 128. we were able to making a beautiful 600 pips holding strong trades down to last weeks D point on our ABCD, this week i am expecting a steady move down to the 120.5 price area in consistency with our next POI. right now we have a possible smaller bat pattern forming on the 15 minute chart at 131.4 and i am expecting 131.7 before taking its dive down to 127.9 , retracing and going all the way for 120.5. But we may just as well see 117 as this was my first analysis 3 hours after Brexit will post updates as needed. feel free to ask questions.
***I will never give out signals on when to Take or close trades, i am simply showing where i think price will be heading my outlook on the pair though i always trade everything i post.****
