GBPJPY: Can't get better than thatGreetings Fellow Traders:
We published an idea about GBPJPY last week and we mentioned 174.60 as an area of resistance...
It did hold pretty well...
But wow factor is that we mentioned 172.87 as our Target 🎯
And rest you can see by yourself
Congratulations to those who took benefit out of this analysis
Gbpjpyshort
GBPJPY Sell TF M30. TP = 173.23On the 30 minute chart the trend started on June 2 (linear regression channel).
There is a high probability of profit. A possible take profit level is 173.23
But do not forget about SL = 174.69
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
GBPJPY sellIt seem like there is sell opportunity is forming in GBPJPY if price breaks below the 15M trendline and shows some price action we will continue shorting this pair from 173.875 level otherwise we wait for price rejection from its Major Daily Resistance and then after proper price action we will try shorting this pair
GBPJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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GBPJPY H4 Ascending Channel ShortHi traders!
The current market conditions suggest a potential reversal in the GBP/JPY exchange rate, pointing towards a local downward trend. we are adopting a cautious approach and anticipating a temporary retracement in price before initiating any trades. This strategic decision is in line with our analysis of a channel up pattern and downwards crossing the 100 period WMA on the 60 H1 timeframe, which signals a favorable Short trading opportunity.
Have a great trading week ahead!
GBP/JPY Short idea(5/31/2023)Hello Traders
It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5.
Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPJPY BUYHello, analysis of the GBP/JPY pair. There is a high probability of going up. With an upward flag. And break the bearish flag. The price is now in a very important area where there is a strong resistance from which the price bounced several times. The price is now trying to break it. to rise to the level of 168,000 .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
GBPJPY- Time for the Reversal!-GBPJPY have created HH and currently rejected from there, however, the trend has not yet confirmed.
-If DXY remain bearish in this week, it will help the JPY to bounce back strongly, meaning GJ to drop further.
-Entry is only valid if it break the structure and retest at our area of entry or else avoid entering.
GBPJPY ShortOANDA:GBPJPY
We have reached an important resistance level for the third time. In the 4-hour timeframe, we see a wedge pattern that is broken and we are waiting for its pullback. Also, in the daily timeframe after reaching the resistance level, we see the formation of a Hanging man candlestick pattern. I expect the price to fall to the specified areas.
GBPJPY: best entry?GBP/JPY (British Pound - Japanese Yen) is the forex ticker that tells traders how many Japanese Yen are needed to buy a British Pound. The Pound is the fourth most traded currency in the world, while the Japanese Yen is third, according to the Bank for International Settlements (2016). Use the GBP/JPY chart to follow its live rate and to assist your technical analysis when trading this pair. For the latest GBP/JPY news and Pound - Yen forecast, follow our expert articles.
GBP/JPY 4 Setups With Explanation In This Video , Don`t Miss ItThis 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- Sell on confirmationSince the recent low at 158 at the end of March, GbpJpy has risen almost 1500 pips to a high above 172.
However, starting with May, the pair has entered a range trading phase with resistance at 172.50 and support at 168.
At this moment GbpJpy is trading near resistance and is in a consolidation.
Short-term support lies at 171.50 and a break under this support could lead to further losses and towards to lower boundary of the range.
Aggressive traders could use this break as a signal for opening short trades, keeping in mind that they trade against the trend.
Sell GBP/JPY from the resistance level + double top?GBP/JPY has pulled back from the resistance level. Along with this, we also have the formation
of a bearish candlestick in the resistance level thus leading to a potential double top.
So, in the next 3-4 days, we can expect a further decline in GBP/JPY towards 168 and 165.50
levels as long as the resistance level stays unbreached.
My recommendation is to sell the rallies in GBP/JPY with SL above 172.40 and TP at 168.
GBPJPY 171.619 -0.25% SHORT IDEA 📉🐻💡HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at GBP/JPY In the coming week.
1. BSL TAKEN.
2. LOOKING FOR A PUSH INTO THE -OB for possible reversals.
3. Looking at momentum heading into the oderblock to determine if we might break above or what.
4. Looking at that unfilled FVG as a possible entry with the BEARS.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
20 Reason for sell GBPJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1.✨Eagle Eye: Although the overall structure is bearish, the market is currently in a consolidation phase, indicating a potential shift in momentum.
2.📆Monthly: The market is currently in a bearish to sideways phase. However, there are signs of a change in character, with a shift from sideways to bullish sentiment.
3.📅Weekly: The trend is bullish, and there is a double top formation. We need to wait for a breakout or, alternatively, if the price forms a bearish structure on the 4-hour timeframe, we may consider selling.
4.🕛Daily: The swing is almost complete, and there is also a weekly double top formation. There is a high chance that the market may undergo a deep correction before continuing the next bullish swing.
😇7 Dimension Analysis
🟢 Analysis Time Frame: D1
Price Structure: The overall structure is bullish, with the swing almost completed.
Pattern Candle Chart: There is a triple top formation with a hanging man candle, indicating a potential reversal.
Volume: There is heightened volume at the top, suggesting a potential exhaustion of buying pressure.
Momentum UNCONVENTIONAL RSI: Bearish divergence is observed, indicating a potential weakening of bullish momentum.
Volatility Measure Bollinger Bands: The "M" pattern's last leg is forming, which could lead to increased volatility.
Strength ADX: The ADX line is below the weakness level in an uptrend, indicating a potential loss of bullish strength.
Sentiment ROC: Check the rate of change for further insights.
✔️ Entry Time Frame: H1
12. Entry TF Structure: The structure on the H1 timeframe is bullish, with a completed swing and resistance levels from higher timeframes.
Entry Move: Look for a corrective move before entering.
Support Resistance Base: Consider the resistance levels on the weekly, daily, and H4 timeframes.
FIB or Trendline: The trigger event has already occurred, and the trendline has been broken.
☑️ Final Comments: Sell position is recommended at this point.
16. 💡Decision: Sell
🚀Entry: 171.693
✋Stop Loss: 172.521
🎯Take Profit: 165.373
😊Risk-to-Reward Ratio: 1 to 7
🕛 Expected Duration: 30 days