Hello. As the long-term uptrend line is broken and the price is falling in a downtrend So any climb inside this channel is a good opportunity for fast and sharp falls
Got some nice positions on this pair yesterday and took 50% profit at 153.500 then got stopped at breakeven with the remainder. Ive entered shorts again off that 154.000 resistance and hoping to see price attack that support again at 153.500 and possibly lower, bit of a slow week so will be taking some profits again at 153.500
GBPJPY Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout [/lis Thankyou I hope from this trade you will get some green pips 💲💲🤪
Looking at the weekly timeframe, GJ has been in a flag correction since the beginning of May, following a very strong impulse from mid March this year. Price has given us 3 touches on our resistance trendline confirm that price is respecting it. price has since fallen off this 3rd touch (as seen on the chart above). We were in a correction phase until price broke...
I tried To Explain Every Thing In Chart
Two touch of my trendline to give me my A set-up. Lets see how this probabilities plays out
My first material to monitor my analysis for educational purpose. Please like and comment :)))
Either of my favorite trendline setups could play out. Lets see
Would GBPJPY just get to my trendline???
* Trade hits TP 1 about 100 pips / 1000 points * I partially closed my positions, moved SL level to a better RR and let the rest run.
Would be watching for confirmation if/when price comes to my trendline.
I estimate the new High for GJ around 19-22 October based on Gann counts and the Mercury Retrograde Cycle.
After creating successive higher highs and higher lows since june, price has probably made a lower high and lower low. Lets see
im in the trade and i expect the TP will be @140.50 if beak the trend line
Time for GJ to break current mild res and break towards the upside 139.800 first target 141.500 second target Here is a Daily view of the chart
GBPJPY parece estar en un canal alcista en días, sin embargo podría salir del canal e ir hacia abajo, seguiremos esta semana de cerca y ver que rumbo toma.