#GBPJPY- UPDATE MOVED 330 PIPS!🔥🔥Dear Traders, we posted a setup on GBPJPY and it moved 330 pips and still we are bearish. GBP was bullish entirely today due to strong PMI DATA and we expect to be bullish for some time. Let's catch the big move!!
Gbpjpyshort
Yemi_Fx1 | Short for GBPJPYOn GBPJPY the current price pattern is an ascending channel that's more clearer on 15min Timeframe and which is also inline with the 1HTF structure (Pattern inside pattern), if it holds
I'll be considering
A Risk entry type at the top of the bearish structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
GBPJPY to 156 or 150GBPJPY is at some very key SR levels and daily resistance zone.
We can see GBPJPY has started to pull back drom the weekly zone of 170 and started to make Lower Highs.
Price at the 164 zone is a key SR level and also the daily resistance zone.
Move from here is expected to be the 156 if not the 150 zone.
GBP.JPY looking Bearishlooking to take gbp jpy for a 1/2 risk reward set up here
disclaimer - information shared is for educational and demo purposes only
i am not a financial advisor and this is not financial advice, this is for entertainment purposes
GBP/JPYSo in this idee we can clearly see a nice double top formed and ABCD patter running great strong resistance line, also stoch showing that price is running above 80% about to go down to retest on the support area.
Please share you comments on this idea.
GBPJPY STRONG EXPECTED BULLISH IDEAGbpjpy is expected to reverse from here, just tapped at our poi and now we are waiting for a confirmation, remember always wait for confirmation
I am not your investment advisor, just posting my analysis, please do appreciate, constructive criticism is appreated.
GBPJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective of GBPJPY .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I see price to continue the retracement to fulfill the imbalance lower and then to reject from bullish order block.
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GBPJPY WEEKLY TRADE PLANHi all
GBP/JPY is currently breaking through the daily timeframe resistance level of 155.549. So, this retreat trade has 160.652 as its target.
It may be good to hold swing positions if the price rejects the entry level and closes below the consolidation level.
My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading skills.
Like, subscribe, and happy trading to everyone!
Sell Plan for GBPJPYInverted cup and handle formation is evident and a short entry can be taken on the break of the handle.
GBPJPYThis is just An IDEA .
In GBPJPY DAILY Timeframe have ABCD BEARISH Pattern GREEN LINES are Targets for TP.
WAIT until close RED candle.
HAVE GREAT DAY .
GBPJPY! looking for sell opportunities!As it is shown in the chart the red area seems to be a very strong resistance for GBPJPY therefore we might expect a short position at that level.
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What do you think of GBPJPY?
GBP JPY SHORTS 2/21/23First breakdown video of my shorts positions i took on 2/20/23. I will try to keep getting better at describing my analysis and not studder as much. hope you can benefit from the vid!
GBPJPY PLAN!Hello traders around the world!
My name is Alexandre Karim, and this is the second plan for GBPJPY. (You can check out the first one as well and how it moved).
Forex traders are always looking for the most profitable and reliable trading opportunities. One such opportunity is the GBPJPY pair, which represents the exchange rate between the British pound and the Japanese yen. In this analysis, we will discuss the potential of shorting the GBPJPY pair when the price reaches the red rejection line or the upper trend line, which is in the 162.310 and 163.160 area.
We are currently waiting for the price to reach this area + we will be looking for a clear reversal pattern to short this pair.
I will be waiting for a 1H breakout structure or a 15 mins inner structure consolidation inside the 1H pattern.
It is very important to stay relaxed and be patient.
#THEPRIMES
GBPJPY H1 Bearish Cypher PatternSolid Cypher pattern on the H1 for GJ here. With strong confirmation from the H1 order block as highlighted in the upper blue rectangle.a confirmation on the M15 may be necessary for entry.
$GBPJPY - Liquidity/hard resistance above - CoT Suggests Short*SMART MONEY CONCEPTS* (SEE ATTACHED RELATED IDEAS)
I have a 15 min chart that I looked at and fiund Smart Money concepts throughout that would suggest a short as long as the price is moving bulish at midnight NY Time... Even then my daily outlook maybe off. But I don't believe my weekly outlook will be off. There's too much to sugggest a short. Such as the Fair value gap below, the Liquidity point below, and the Commitment of traders that says they added more shirts but haven't seen much of a return. So here's the 15 in that I think may happen with more in deth markups than the larger time frame
And of course above is the larger time Frame. in which I think the pound may be going down as we saw their economic numbers in the red today, we just may not feel it until tomorrow.
We'll see what happens.
GBPJPY - Pending FallSo GJ is still under Weekly Resistance (Level 161.800), and we opinionate price will go for one final push up to 161.800 which aligns with 78.60 Fib level taking us to 160.500 as a first take profit target. The other probability is that it does not push up and just starts going bearish from where price is currently at (161.428) and we may this because this is a 61.80 fib level. We're Keeping an eye on both of these two fib levels for a short.
2ND TRADE Short term GBPJPY short setupEntry at M5 bearish OB = 161.714 10RR 16pips sl - 168pips full tp
or
15min entry on mitigation block = 161.638, 6.7RR 23pips sl - 160pips full tp
Stop loss above the swing high
Confluences:
1hr previous liquidity taken out + it formed failed swing after taking that high out.
Taking partial + breakeven when it breaks below 160.971
Trade at your own risk
GBPJPY SELL JBPJPY im looking for short (sell opportunity)
reasons:
1. H4 resistance
2.LWT sell side trend broken.
3.equal lows/ LQ down side
4. IB,OB down side
GBP/JPYVery simple ... Very clear!
Everything is marked on the chart.
This is my personal opinion. Please do not trade based on my analysis and data.
GBPJPY BEARISH BAT PATTERNGBPJPY has formed a bearish bat pattern.
This is a good trade opportunity to take.
I will take this setup if the price down to 161.10.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.
GBPJPY SELL IDEAGBPJPY is currently trading in a bearish channel, the current formation of a bearish triangle inside the channel and price currently retesting the previous resistance, should potentially lead to a selling pressure. Good news for the bears..
GBPJPY FLAG BREAOUTThe price of GBPJPY has a breakout below the flag, and also has the potential for a bullish butterfly pattern.
This is a good trade opportunity to take.
Trade with care.
I will update at here if the trade opportunity is given.
Do follow and boost if you found this idea helps.
