Wait for price to close above 184 or 183.90 for confirmation to go long. Look for targets like 1. Target 1 => 186.56 2. Target 2 => 188.12 3. Target 3 => 190.14
GBPJPY – SPOT: Buying On Retracement Lower To Within The Range Of Long-Tailed Bullish Pin Bar Signal Price Action: Price moved higher from the Long-Tailed Bullish Pin Bar Signal that had formed earlier this week (We suggested trading on a retracement lower into the range of this signal in the August 3rd members' daily newsletter). Potential Trade Idea: We are...
GBPJPY – SPOT: Buying Within The Range Of Bullish Fakey + Pin Bar Setup Price Action: Price moved higher from the Bullish Fakey + Pin Bar Setup that had formed late last week. Price moved higher from within the range of the recent Bullish Multiple Inside Bar + Pin Bar (Combo Setup) that had triggered around three weeks ago (We suggested trading the pullback to...
The pound yen is good for a long on the pullback as long as the price does not break 155.4. We will hold this long trade until the top of the channel at around 157. From there, we will wait and see what happens. It could pull back to retest the bottom of the channel and breakdown from there or break upwards from here. It is highly dependant on whether the macros...
Price Knows no time, el precio no conoce tiempo.
Hi traders. Planning on longing GJ if it fails to break above the pink resistance level and also starts to fall back down, towards the green support trend line. If the blue support level holds, I will plan on placing a long trade for this pair. If this support level does not hold, then I plan on placing a long from the next green support trend line drawn below....
Hello traders. GBPJPY is approaching the red resistance line drawn. I believe we could be looking to enter shorts from this region. I would aim to retest the support trend line drawn within the next day. Would suggest waiting a bit longer until the red resistance or higher is tested to then open a short. I think we may, in an unlikely scenario see a push to the...
Hi fellow traders. Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up. I believe we could possibly see a long trade that could play out within the...
Hi fellow traders. Considering GBPJPY has just tapped the trend line from below acting as support, I plan to swing this trade to the upside where the upper resistance trend line lies. Aim to enter slightly lower than the current price, setting a buy order around 133.350. Could possible retrace lower and then move to the upside, so be ready to buy in at a lower...
The price of GBPJPY has been in a steady uptrend for a couple of days, trending very nicely as seen on the ADX indicator. Now the price has closed just at the Fibonacci R3 and is unable to break higher at the last session of the previous week. This forms a tweezer top right at the resistance, signalling a possible reversal or a slight pullback. To confirm this,...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=130.05. TP4: R2=130.7. Set the stoploss of these orders at breakout of S2=128.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=130.05. TP4: R2=130.7. Set the stoploss of these orders at breakout of S2=128.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.65. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.65. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.55. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.55. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.9. TP4: R2=129.25. Set the stoploss of these orders at breakout of S2=127.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...