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Gbpjpytrade

GBPJPY SENTIMENT CHANGEGBPJPY Another setup on the radar! We can see that the chart displayed shows similar confluence as that of GU. We need to apply ourselves and consider global sentiment when it comes to GJ. The perspective of this is that when GJ drops it suggest to me that gold will rise and tariffs will be issued come Sunday, though a story for another day. To keep it simple we have a Head & Shoulders play and also the daily reversal formation of a double Shooting Star reversal . I’d like to see price pop up into 143.250 to form a right shoulder then decline towards 141.500 for intraday targets of 170pips . Let’s get it
Short
by lasglowfx
FOLLOW ME: GBP/JPY SHORT OpportunityGBP/JPY is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
Bearish engulfing barThere are a few factors in play with this setup. The pin bar striking the moving average on the weekly time frame around resistance indicates a bearish signal from price action: H4 has a few clear characteristics that is classic of a bearish setup: 1. Bearish engulfing bar 2. Pinning moving average 3. Pinning fibonacci 50% pullback level When the above is kept in mind after the bullish structure broke down (trend line broken) there are many factors meeting in confluence signalling the bears. For this type of setup the stops are best placed a few pips above the high of the engulfing bar and the target must be at least 2x that of the risk. The initial target can be seen as provisional while the 660 pip mark from the entry point is a likely secondary target. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza