Get started

Gbpjpytrade

GJ Analysis 04/10/2020 -- UpdateI had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone. Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe. Support then formed so my next job was to wait for a confirmation for my buy entry, this happened to be when the 5m candle broke above the high of the previous 5m candle. My stops were placed a few pips below the current 30m candle due to it being the last 5m candle before the hourly close. As price broke the high of the previous 30m candle, I secured profits and moved stops to BE, price then ran for 30 pips before I closed the remainder of my positions.
Long
by rhf_fx
GJ Analysis 30/09/2020 -- Update Longs and Shorts TakenWe already highlighted the possible options earlier. As we broke resistance and formed support, we executed longs with stops below the current 30m candle. Price ran for 10 pips before we secured profits and moved stops to BE. We then got stopped out at BE after that, so it was a good trade. This morning price broke support at 136.050 and we waited for resistance to form on the 15m timeframe. When the next bearish 15m candle broke the low of the previous candle, we executed sells with stops above the current 30m candle, Price than ran to our target where we secured entries and left a runner, our runner ran for 52 pips before support started forming, so we closed runners at 52 pips. Overall we caught 62 pips from this analysis
by rhf_fx
2
GJ Analysis 30/09/2020Today is the first Asian session of the new month. We have some decent options for GJ tonight. 1) If the current level is held we should see GJ move up to resistance at 136.450 2) If we see a break of 136.450, wait for support to form on lower timeframes to validate buys to fill a 35-40 pip range 3) If we do not hold the current level or we break it later tonight, we can look for sells under the support at 136 looking to tap into the levels around 135.750 where we formed support in NY.
by rhf_fx
GBPJPY Long Trend is your Friend! 1. One Touch, Two Touch and Third Touch usually completes a Trend. 2. EMA acting as Dynamic Resistance, Buys will have high validity once markets cross over EMA and we have it acting as Dynamic Support. 3. Markets have Bounce off our Golden Fib Zone an Psychological level @ 133.000 where big institutions place orders and take profit. 4. Waiting for 3 Eight hour candles to show signs of rejection to place Buy order 5. I will be buying at current Price Level @134.500 Safe SL @ 133.000 80% Partial TP @ 137.00 10% Partial TP @ 138.000 Remaining Trade TP @ 140.000 Only 5% risk will be taken for this trade
Long
by Mafora
GBPJPY Last Moves for Breakout As Here in GBPJPY, it has trend from the past couples of week and now its on the resistance line waiting for breakout or fallen back to retrace one more time, so then from there it starts strengthening or fall more to getout of the trend... Well, It depends on News what will it do. Better to focus on buying from the lower line of trend & hold it but what if it break the resistance then you're happy to take it as a buy for long term. Becareful at this point as it can fall once more as well & then it'll breakout... Everyone want to know what GOLD is doing? I HOPE THIS ANALYSIS GIVES YOU A BETTER IDEA. Friends, push the like button, write a comment and share with your mates - that would be the best. THANK YOU! P. S. I personally open a Trade when i find entry point according to my strategy, Always make your analysis before a trade.
by PiPumer
GBPJPY, MIGHT SHORT LATER.**ENG** - Price moving very impulsively towards our higher high/possible reversal zone. - We can see that price is reaching overbought levels. - Looking for shorts at the red circle. - Only looking for longs if price breaks this zone impulsively. **PT** - Preço a mover-se impulsivamente em direção ão nosso higher high/possível zona de reversão. - Podemos também averiguar que estamos a atingir níveis de sobrecompra. - Procurar por entradas em short na zona do circulo vermelho. - Apenas procuramos por longs em caso de uma quebra impulsiva desta zona.
by Wevesting
GBPJPY Still On AN Uptrend...BULLSIH outlook!!!As we can see, GBPJPY brokeout from its resistance area (red area) followed by a nice retest and bullish movement upwards. I will be looking to see GBPJPY testing 23.6 fib level where we can see a short price rejection followed by a continuation bullish to the trend resistance line. Also, there will be a resistance level @ 138.65 where I believe price will travel till that level and I will update again once we see a nice rejection or breakout. As for now, I will be trading the BULLISH movement up. TP and SL provided as shown in chart. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Long
by YGForex