Gbpjpytrade
NEW GBPJPY Long Term AnalysisYou may have to play the -60 at green TP1 beware!
The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
GBPJPY reversal incoming! But buys are still strong. Be carefulThere is a box in the chart which are looking to make or break on the upcoming price of this pair. The room for reversal are big on Daily Chart but not that big on 4H chart, so be careful. A good selling opportunity if it breaks but the buyers are strong as well at the moment. NFA!
GBPJPY, new high in B1?The pound against the yen has previously failed to reach a good entry level, and the MCS, not being in excess of strength, has also not sent any signals; the MML in H4 has attracted the price and from here two scenarios open up:
1. Look for a new high in B1 to enter the 6-month short
2. Breaking down MML, price that is lost in the void, MCS that is neutralized and waiting for a new signal
Option 2 speaks for itself, if instead it were looking for a maximum in B1 we could take advantage of the half-yearly cycle for a fairly short trade since, on the annual we are already bullish from the beginning of January '22 for the second half of the cycle (A1).
GbpJpy is in strong resistance. Good time to sell?Since 150 recent low on 20 December, GbpJpy has risen strongly and has gained 600 pips.
At this moment the pair is trading exactly in a strong resistance zone and normally this would be a good sell signal.
However, considering that GbpJpy is a very volatile and, more importantly, a trick pair, I expect a spike up before the drop.
A clear sell signal is given by a new low under yesterday's
GBPJPY another leg down or fake move??Looking at jumping on any quick moves out of 152.800, this quick sell off could have just been a fake move to attract more short sellers before making another push up... but am well aware of overall price downside structure so will respect a further downside move as well
GBP/JPY testing second trendline. potenital short.Hello traders how are you all ? Hope you guys are doing well.
So here is my simple GJ 4H time analysis. We have basically two trendline one is lower which is major D1 trendline and second is a 4H and 1H trendline. Price is just testing the 2nd trendline which is obviously showing a good selling opportunity and i had also excuted a sell trade from the same level. If the price breaks the trendline then that will be the differnt scenario.
Have a good day all.
Peace out.