Gbpjpysetup
GBPJPY, SELL on H4- Structure : downtred
- Below previous resistance
- Wait for confirmation
=> SELL
GBP/JPY, expect a Drop of the priceAfter GBP/JPY had been struggling in the area around 135.400, it dropped a bit creating beautiful double top. If price Breaks highlighted horizontal Structure Level, we are interested in taking short position.
Short Setup on GBPJPYThis is a short potential area that we can consider.
If the price break the trend line by open the new candle above the trend line, we can close the trade and change to long position
GBPJPY, SELL on H4- GBPJPY might reverse it's trend
- We got to see an impulsive move
- Now wait it's time for corrective move and then go up again
- Use fibo 50-61.8% for target
GBPJPY LONGLong GBPJPY.. just started to posting ideas, this one went nice (will provide more fresh ideas from now on)
GBPJPY triangle GBPJPY the price is 127.7 on the lower line of the triangle .
let see if it will be strong enough to send the price up
GBPJPY shortTook this tarde, and hopefully it will test 130.50 level soon. There are some historical levels there.
GBPJPY: BE READY FOR NEXT IMPULSIVE WAVE.Thanks for Taking Interested in my Trading Idea.
GBPJPY: CORRECTION WAVE STARTED READY FOR NEXT IMPULSIVE WAVE.
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GBPJPY Set to Complete an Elliot Wave Zigzag PatternGBPJPY's chart above shows the corrective move that started from wave (v) high.
The sharp decline can be seen as a five-wave impulse in wave (a) which means the impending correction will most likely be a zigzag.
Price has since then moved in a sideway and seems to have completed a double three complex correction in wave (b).
To complete the zigzag pattern a five-wave impulse in wave (c) is needed and that looks to have started now.
The break of the blue line is a good level to take a short entry.
My Idea on GBPJPYI'm looking for a long break on GBPJPY but first I'm seeing the market going side ways all the way to the yellow Zone, I'm still going to keep my eye on this pair we might see the break happening before the Zone. and like always we should respect the reversal patterns they can be a confirmation of the break coming up
GBPJPY shortlooking for gj to give us some push back to support and to finish this head and shoulders pattern.
GBPJPY - Weekly - THE BIG SHORT Gbjpy - monthly and weekly charts calling for big downside I'm seeing 132 before a pullback in pound yen.
GBPJPY MARKET STRUCTURE LINED UP WITH ELLIOT WAVE SETUPThis analysis shows an example of how Elliot Wave forecast used to line up with other technical indicators.
Here I'm anticipating a sell-off in GBPJPY to complete a regular Elliot Wave pattern. This pattern is most likely to complete within the blue box on the chart.
As you can see, the blue zone lined up with minor demand/support zone, the third bounce of ascending trendline, and 50-61.8% Fibonacci ratio.
I will keep eyes on it to see how it played out!
What is your bias on GBPJPY? Let's chat in the comment!
Best,
Veejahbee.
GBPJPY LONG SETUPConsolidation box breakout to the downside to collect sellstop orders and hunt stops at the lows then go for stops placed at the high
TDI Sharkfin formation on 15min timeframe
TDI Divergence on 15min timeframe
Stoploss placed at 142.390
Aiming for 143.177 as take profit
GBPJPY 15MHello Traders!
This is a buy trade for 13 pips and then
a 2nd target set at 30 pips. The stop loss
is around 17 pips as seen by the red line
on the chart.
Best,
Jay
