GBPJPY Long SetupPrice has rejected a major level of resistance from a higher timeframe and is completing a bearish engulfing pattern on the H8 chart. At the bottom of this setup, we have a strong support level, where I anticipate a bounce.
Gbpjpysetup
Bullish Bat PatternGBPJPY BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (140.450)
Min Take-Profit: (141.119)
Max Take-Profit: (141.550)
Stop-Loss: (140.029)
Max Risk-Reward: (2.61)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
GBPJPY Short SetupAs we wait for price to reach the demand zone for our buy setup, we can see we've double-topped the resistance level. This makes for a nice short entry.
The Single Best Trade for 2021... and beyond.
This trade naturally stands the reason. It is the worst G10 currency prospects versus what's still the most stable("best") G10 out there.
While Japan continues to maintain a healthy Account Surplus (for several decades by now) the UK decided to inflate the BoE's balance sheet to the tune of 120% of GDP, in just a few short months.
This fact alone justifies a complete re-pricing of this cross, without the need to speculate on the impending doom of the UK, a debt-ridden, rapidly aging, outpost (and Not just because of Brexit - which is a day late and a dollar short!) that is currently dying in the pandemic (economically and in the literal sense) faster than any other country in the developed world.
E.g. a total and rapid repricing of this pair is inevitable. (... and as we all know that, this pair can do that faster/better than any other pair in the majors!)
Here is the Monthly outlook
- And for those who wondered "what the 2nd best trade could be"...;
GBPJPY – Nice Sell Setup waiting for BreakAfter moving in choppy manner over the last few weeks, GBPJPY correctively and slowly move to the upside while approaching the sell area of TF structure. Now, it finally looks convincing again...
Yesterday, finally, GBPJPY gor rejected impulsively from the high value area (Inflection point / double top) I have marked from a long time.
Now, the price is forming a small bearish continuation flag in H1 TF. I’m waiting for the break of this flag structure to confirm a further move to the downside.
Lets see how will this pair play out. Good Luck
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Here is the MOA FX technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger.
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GBP/JPY SellConsistent patterns playing out. Perfect 4H rejection at the previous resistance. My target is the current 4H support and i will update you from there. Good luck!
GBPJPY, 2hr tf, double top pattern to materializeHello my friends,
Another setup for today is GBPJPY.
It is very clear that a double top pattern formed so we will sell this pair.
The neckline already broken with a solid close below it and this upwards movement is only a retest in my opinion.
Sell GBPJPY 139.15
Stop loss 139.45
Take profit 138.25 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I am holding GBPJPY sell position from 139.15
GBPJPY SELL So GBPJPY broke out of ASIAN SESSION high and i'm expecting it to continue to move to the downside for +120 as my final TP.
GBPJPY Going UpGPYJPY fundamentals (COVID Vaccine optimism) and technicals analysis correspond to a good buy setup. Expect a retest to the indicated level, then a LONG to form new highs.
GBPJPY, 4hr tf, pennant / flag pattern to materializedHello my friends,
Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit.
I started to get my edge back and i am going to post more positions for everyone to trade.
My first setup for today is GBPJPY.
To me, the recent sideways movement looks like a pennant / flag pattern and today i finally see price retest those broken support.
We could expect price to continue decline on GBPJPY as the measured objective of this pattern is 275 pips.
Nearest support is arond 136.30 area so we will try to sell GBPJPY and see if price could touch this support.
Sell GBPJPY 137.80
Stop loss 138.30
Take profit 136.30 (3R)
RR Ratio 1 : 3
Use only 1-2% profit
Good luck
GJ Sells Breakdown 13/11/2020I don't usually take impulse entries but I
have taken a similar setup on GJ 3 times
before already this week and they were all
winning trades
Entry was taken at the point we broke below
the wick of the bearish 30m candle on support
anticipating price to come down to the next
support. I used my usual 2% risk and price
very quickly moved towards target
TP hit and I secured 3.2% account increase
If we flipped bullish I would have managed risk
by closing half of my positions so that if SL
hit I lost less than I was happy to lose.
GBPJPY - Big short sell opportunity finally readyI enter a short sell entry on this pair after it got rejected at the top of higher TF ascending channel structure continued by a brerak of small H1 bearish flag continuation pattern. Lets see how this one play out,..
GBPJPY SELL; A "devastating" SHORT!!Good for the next 2200 pips!
Also, the EURJPY
Also, the CADJPY
If one cares to know why the Yen is the ultimate Safe-Haven...
... here is a clue.
GBPJPY - FULL ANALYSIS BREAKDOWN Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
Trade Safe
Alpha Trading Group.
GJLooking for buys on pound yen..analyse first before making decisions..happy trading and be blessed..
GBPJPY, 4hr tf, sell on 61.8 fibonacci retracementHello my friends,
Today is November 3rd and it means USA presidential election.
Please trade safely and play it carefully as we could see high volatility in the forex market during this time.
For today, i already closed all my positions and booked profit.
I am gonna review my closed positions first before starting with today trade idea
1st trade is EURCAD pairs which i closed at 1.5390 for +160 pips, banking +6.4% profit
2nd trade is NZDCHF pairs which i closed at 0.6110 for +55 pips, banking 4.4% profit
3rd trade is NZDJPY pairs which i closed at 69.90 for +90 pips, banking +4% profit
For today, i only gonna trade lightly with GBPJPY pairs.
Based on the daily timeframe you could see we are now at horizontal resistance level, which also happen to be 61.8% fibonacci retracement of recent downward movement.
This mean 136.45 is an area of confluences, sellers might come to try defending it
Sell GBPJPY 136.45
Stop loss 137.15
Take profit 133.35
RR ratio 1 : 4.4 (4.4R)
Use only 1-2% risk
Good luck
GBPJPY Long Trade SetupGBPJPY has just completed a 5-3 "impulse-corrective" wave cycle. According to the wave principle, once a 5-3 wave sequence is completed, we should expect the price to resume in the direction of the impulse pattern . In GBPJPY's case, the impulse is bullish in wave "a".
I will look for the break of the green lines to confirm my bullish thesis and have my stop loss at the red line . The price has the potential to reach the upper boundary of the parallel channel.
What's your view on GBPJPY? Let me know in the comment.
Thanks,
Veejahbee.
