Gj
GJ buy position on 4h tf;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GJ buy setup;Just what I am looking at on GJ;
Price bullishly breached resistance by doing a top-down analysis.
The predicament infers a bullish momentum, accompanied by strengthening GBP against the JPY.
It is a journey of strengths, however, at the moment GBP seems to be defining the direction.
It behoves you to do your due diligence.
GBPJPY 191.974 -0.61% INTRADAY - SWING IDEA LONGHELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from intra-day to possible SWING
4H GBPJPY
* STERLING finally saw strong bullish momentum breaking out of the range, today we possibly seeing a retest of this range.
* The bearish OB has been violated as we traded above it, possibly signalling some bullish moves.
* should we reject the range looking to hold GJ swing to the upside.
1H GBPJPY
* Not much is different from the hourly but we see that we are not beaking that intermitted low.
* significant bullish momentum outside the range will be a signal for me.
on the 15M ASIA trended nicely to the down side beautiful price action, probably signaling bad NY AM session but most like bullish signals.
* a sweep of the low would have been great but we will see how price moves.
* The weekly & daily TF show we are still showing signs of a Bullish move.
* GJ took internal range LQ, looking for that external range LQ to be taken.
* We are trading in discount of the move,This is where I would be looking for long entries.
* With PO3 looking to open bearish this week to confirm a move higher into premium PD ARRAYS.
* BASED on the price action served this week.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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*
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
GBP/JPY Trade Setup: Short Position on Rising WedgeI've identified a rising wedge pattern on the GBP/JPY hourly chart and have taken a short position based on this bearish formation. I'm executing this setup with two entries:
First Entry: At the top of the rising wedge, with an entry at 189.520.
Second Entry: On a confirmed break of the wedge, around the 187.93 area, based on an hourly close below the pattern.
The rising wedge is often a precursor to a bearish reversal, and I'm positioning for a downside move. This two-pronged entry strategy allows me to capitalize on both the potential resistance at the top and the momentum if the wedge breaks to the downside.
I'll continue to monitor the trade and update as it progresses.
GBPJPY sellAs we have seen GJ has given us a beautiful upward momentum and it seems like now the momentum has been broken as GJ was moving with bullish trendline and recently it has broken below the trendline and going to be bearish the bullish candle forming has no Bullish volume also its a retest of the trendline so we will be bearish for further action keeping an eye on the pair see what happens
GBPJPY 187.954 +0.47 % SHORT INTRADAY MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at STERLING from MULTI TIME-FRAME ANALYSIS
GBPJPY 4H TF
* Opening bullish on GU good for possible reversal with PO3 rules.
* The weekly & daily TF show we are still showing signs of a BEARISH move still.
* But seems we may see a push up before continuation with the bears with resting LQ above.
* GJ took External range LQ, looking for that internal range LQ to be taken.
* We are trading in premium of the move,This is where I would be looking for short entries.
GBPJPY 1H TF
* As we open Bullish into the 4h FVG because our HTF BIAS (PO3) Is bearish.
* looking for confirmations to short before we push up in continuation.
* We will see what does the market dish.
* GJ not giving clear plan with regards to pd arrays but looking to see UP move to go LOW.
GBPJPY 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* Looking at the 1H FVG, this is where i would look for SHORT entries this week.
* Should this PD ARRAY hold will be SHORT for the GJ intraday.
* BASED on the price action served this week doesnt look good this far but we will see.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
*
Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
GBPJPY ANALYSIS [W/B 10/06/24]GJ has been interesting to me the last few weeks. It has a dilemma that it is going through.
As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards.
I agree that if the upper zone of this POI is broken - we could well see a very lengthy and strong bullish run - especially as on the weekly chart there was a lot of imbalance left over.
If we see structural breakdown to the downside I am expecting any of the drawn out TP's to be taken.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBJPY Sell/ShortClear signs is showing that GBPJPY has been breaking its main resistance from 196.881 and we can see that a reversal is on its way. I have placed TP, SL, and Entry on screen. Please follow for more updates and signals with breakdowns! Please message me directly if you have any inquires about these trades.
GBPJPY Analysis (3rd May 2024)
GBPJPY Analysis
Currently on the 15 minute timeframe, price is still respecting the 15 minute bullish OB. If price decides to go bullish and break 192.555 with a body candle close, Longs are more likely to play out.
I would like to see retest of that level before continuing to look for buys.
On the flipside, if price breaks the 15 minute OB with a body candle close, i will be waiting for a retest to continue lower. Confirmations of 5 minute FVG and OB will be needed in order for me to take sells.
GJI am staying out of it.
It is confusing and that's when it's best to stay away and out of the market.
DAILY
We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation).
4H
Ascending Channel within an ascending channel is what we look for when trying to get sells. Which will give us added information for our case of evidence. With where price is (mid=range) it is better to stay out and stay away.
1H
Same as the 4H. Just stay away and stay watching.
GBPJPY ShortOANDA:GBPJPY
The pair is overbought and near resistance. Indicators show that the price has formed a peak. Fundamentally, after the BoJ decision to hike rates up to 0.1%, which was expected, the yen should recover, GJ should follow suite. The trade if the scenario unfolds will take a while
GBPJPY - Long Trade IdeaI like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE.
The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair model (out of view), which basically also has some EQHs as well. A runner could be left for even higher prices should both targets be hit.
The stoploss is discretionary for a better RR as this is the Daily timeframe. The safest option would be the protected low annotated on the chart.
- R2F
GJDAILY
Still in our bullish trend, currently forming a channel where we are slowing down and pulling momentum. Towards the 190.00 is where we would expect a reversal and continuation of the trend.
4H
Still letting it fall and as practice analysis, our forecast from early in the morning is currently on par with the market. 190.00 our aim
1H
In the distribution phase so we know this is where momentum is best.
GJI am seeing a long sell
DAILY
We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence.
4H
We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high. 179.80, this gives us ideas of what to do next as we wait on the market open today which will come with the supply.
1H
Impulsive bearish candles, they dragging each other. Let's stay watching 192.20 and see how the trade idea goes.
GBPJPY Analysis (16th April 2024)
Market Analysis PT2/2 (16th April 2024)
GBPJPY Analysis
On the 1 hour timeframe, price action created a bearish Change of Character after rejecting off a psychological level at 192.700.
In the process of forming a 1 hour CHOCH, price also created as 15 minute orderblock that hasnt been tested.
I am expecting price to retrace towards the 15 minute unmitigated orderblock before looking for potential sell confirmations during the london session.
Do keep a lookout for this potential set up!
GJStill holding a bad trade from yesterday, entered too early.
DAILY
We had a close with a reversal stop candle which was showing us downwards demand, now we we are forming a bullish reversal candle. So we know that the candlestick use is wrong, as we should use patterns to give us more guidance. Retesting 192.00, which we have established as our resistance and price of reversal.
4H
192.50 was the turning point and we are still moving to down side, so we will wait and hold.
Having a trend within a trend, we have a bullish reversal channel forming in the larger bull structure, therefore we need a break and retest in order to fully execute this trade idea.
1H
The close of the candlestick will give us the confirmation we need to start thinking of placing our sells. 191.60 is where we need to break and reject before we fully execute.
15Min
First let price reach 191.80 and break through here first.