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Gbpjpytrade

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).
by The_Cyclical_Trading
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.
Short
by asadlinkinpark9
GBPJPY TradesWe previously opened positions on GJ and are still holding but profits locked. Price has rejected the 38 (and I have confidence in a drop from here mainly, not solely, because of the adverse results retails sales. Also, (as a Fibbo tip) when price has so much momentum, it is MOST LIKELY to retrace only to the 38. My second position's risk will be covered by profits on the previous entry. So, generally I have risk free trades on both positions. *Disclaimer* This is not financial advise. Forex is a risky business. Trade at your own risk. Remember to exercise proper risk management, and have the patience to watch your trades play out. Send me a direct message to learn. #TradeLikeMagnatrio
Short
by Magnatrio
1