Gbpjpysetup
GBP/JPY 2 New Long Setups To Catch 450 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Gbpjpy 300+ pip moveThis might be it the true reversal to get GJ back up. I say that because price has been breaking structure and not retesting it. Recently price retested a major structure and now price has fallen again and is possibly retesting another major structure. These are structures that price has broken in the past and hasn't retested at all. Where price is now could possibly be the new HL. Why the entry? price formed a morning star on the LTF which indicates a reversal
GBP/JPY Broke Our Res Area And New Long Trade Available This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/JPY Trying To Make A New Double TopThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/JPY New Analysis And 2 Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GPBJPY: THE RISE BEFORE THE FALL!GBPJPY has been in a major ascending channel which has formed it's own smaller channels within it forming a multi-level structure and it gives a good indication of following through for a completion and market sentiment seems to favor this as well.
Currently price is ranging on the inner 1Hour Timeframe channel and is showing signs of touching the lower inner trendline once more before taking off topside to the 152.500 area.
Of course, we shall be waiting for more confirmation as the trade plays out and we expect to see rejection candles when we reach the upper trendline acting as our resistance zone.
Completion of this price structure will give us a nice sell to the downside to the 150.100 zones and possibly lower still.
So for now we can take short term buys whilst we wait for the main sell trade ;)
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OANDA:GBPJPY
GBP/JPY Pushing Past ResistanceLooking like weakness in JPY and strength in GBP at the moment which combined should push this higher. We are currently at resistance and price is looking bullish so i expect this to push on. MACD and EMA's suggest this is only going up. Targeting the previous high of 147.961. SL just below support.
GBPJPY Short (Sell) Trade Daily SetupSimilar to GBPUSD, this pair is making it's way closer to a strong sell zone. In fact, there are two sell zones in close proximity. On lower time frames (2H + 4H) we can see price has been slowing down, accumulating buy orders and pushing up towards these key levels.
From the two supply zones, the lower one is weaker and both are untested.
Keep an eye on price action on lower time frames for any indications of a potential change in trend. We may not drop, we could fall into a range first, in which case, I will update with further charts.