Get started

Gj

GBPJPY Analysis (10th April 2024) Market Analysis PT1/2 (9th April 2024) GBPJPY Analysis On the daily timeframe, Price action has created a daily fair Value Gap. Since the over trend is bullish after creating a bullish Change of Character and a BOS to the upside, I am primarily looking for Longs. What i want to see price action do is to come into the daily Bullish Fair Value Gap and reject off it, creating a 15 minute/1 hour bullish Change of Character. This will tell me that price action is still bullish and we can continue looking for longs in alignment with the daily timeframe price action. Ideally price should come and tap into the 1 hour Bullish Orderblock where we can look for potential longs as an added confluence. Remember to Risk less when trading this Tomorrow as there is CPI and FOMC Minutes coming up so there will be increased volatility in the markets.
Long
by CallistoFX
GJDAILY Still expanding the current wedge we are in. Peaking at 193.50, which could either be our ceiling this week or our target before heading up to 193.60 4H We are still in a small pullback flag, so the assumption stays that long term we are bullish but no commitment as of yet. 1H We either going to bounce on 191.30 or we are going to get rejected at 192.00, for now just hold on and wait. 15Min Opened with gapping downwards and now we are shooting upwards. So that shortfall will be recovered, for now stay watching. We'll wait for more developments.
by Mhangwane1
GBPJPY Analysis (8th April 2024) Market Analysis PT1/2 (8th April 2024) GBPJPY Analysis 1 hour timeframe, Price action has created a very bullish push to the upside after retesting the Bullish orderblock, creating another BOS to the upside. In the process, price action has created a bullish FVG on the 1 hour as well. There are 2 main scenarios i am looking out for later on in the London Session. 1. Price rejects off the fvg and creates a 5 minute Change of Character to continue bullish. Only then will i be interested to look for longs. 2. Price action fails to hold the bullish FVG and retraces deeper into a 1 hour OB. This is where i will be alittle more cautious of buys but its still possible if it gives us a 15 minute bullish Change of Character to show us that the lower timeframe orderflow is shifting bullish.
Long
by CallistoFX
GJWe did well on the trade. Now rinse and repeat. DAILY Broke down below 191.24 and closed there. We are currently forming a reversal candlestick, the next candlestick will give us direction. 4H We are trying to reverse from the drop that happened. Bouncing off 190.80, and we still pushing up. We still in the middle of a bear channel reversal, so we are waiting for it to touch either 190.00 or 192.00 before we follow through on any trades. 1H Waiting for the rejection at 191.24 or the break through of it so we get more direction of what we are doing. 15Min We in a downtrend, so there is no intention to look for longs. NB!!!!!!!!! NFP FRIDAYS WE ONLY TRADE AFTER NFP TO AVOID DOING THE WRONG THINGS.
by Mhangwane1
GBPJPY Analysis (5th April 2024) GBPJPY Analysis On the 4 hour timeframe, price has created a Bullish Change of Character after testing the daily bullish Golden Fib level. This tells us that price action is actually bullish. However, overnight price action created a huge pullback which coincides with a 4 hour bullish breaker block. On the 1 hour timeframe, We can identify a 1 hour orderblock that created the bullish move we had earlier on the week and it has yet to be tested. Ideally what i want to see price do is come and test the 1 hour Bullish orderblock before creating a 15 minute change of character for me to look for potential buys on this pair, targets we will be aiming at will be the relative equal highs at 192.227.
Long
by CallistoFX
GJWe did well and got both our trades hit our exit point. Now rinse and repeat DAILY Broke through a resistance level and started creating new highs, plus our ascend was very impulsive and engulfed the bears in the market. Indicating we are pushing up and fighting bears now. 4H 191.24, the support price I will believe will give us further signs to look for longs in the market. 1H Broke 191.24, retested 191.80 and kept going. Now it's slowed down at 192.20 so we stay patient and wait for the trade to come to us. 15Min Next candle closes bearish engulfing and we will have some sort of bear run, just the length of the run we won't know exactly (remember we are in a full bull run, Daily structure)
by Mhangwane1
GJLet's stay watching because where price currently is (190.90) is a level to watch. We close below here, have a rejection, confirmation candles then we know we are looking to stay going down. 1hr has already given us 1 confluence, we need 3 before we enter. It is forming a second one but has not confirmed it yet. RISKY TRADE IDEA, enter the market with sells but closely monitoring the SL you place in because this move is not yet complete. I will stay watching and waiting for the perfect entry.
by Mhangwane1
GJ BuysGj had been consolidating a while and now broke above zone (190.900) and closed on the 1H. This happened at 10..00 am UK time. Upon seeing this I waited for retracement to zone, where I entered 190.900 with sl@190.57(risking 33 pips). TP1: 191.500 TP2: 191.800 * Where has the market moved since I entered my trade? Slight Profit * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic, taken outside mu usual time lot * What do I like about this trade ? Good entry, solid confirm on both 1h & 4h * What do I dis-like about this trade now? Nothing * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? No
Long
by mrachaw
GjNEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and candlestick formation we will see a further price drop. We are going from strong bearish momentum, finding balance and about to continue distributing the to the rest of the demand. Getting in right after the open is a bad idea as it will probably hit SL before going through our forecast. Trade Idea: Sell Stop Stop Loss - Entry - 190.500 Take Profit - 188.150 RR - 1:5
Short
by Mhangwane1
GBPJPY Technical Analysis 20th March 2024 1h chart– Tuesday Daily candle close strong Bullish around 191.870 as price break above the previous Monthly High, I’ll be looking for potential Buys above 192.200 targeting previous Daily Support formed on 4th August 2015 around 193.000 and Monthly Resistance formed in August 2015 around 193.460, I’ll be looking for potential Sells below 191.500 targeting 1h previous Resistance formed around 191.110 and Weekly previous Resistance around 190.610. High Impact News ahead of the Pre London session for the Pound Sterling for CPI y/y which may bring volatility to the market.
by SalimFX20
GBPJPY Technical Analysis 19th March 2024 1h chart– Monday Daily candle closed weak Bullish around 189.850 as price consolidated on the 4h timeframe. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance formed at 190.350 and 4h Resistance formed around 190.800. I’ll be looking for potential Sells below 189.530 targeting 1h previous Resistance formed around 189.110 and next 1h Support around 188.790. High Impact News ahead of the Asian session for the Japanese Yen for a review on the bank rate which may bring volatility to the market.
by SalimFX20
GBPJPY Technical Analysis 18th March 2024 1h chart– Previous Weekly candle closed Bullish around 189.700 forming Weekly Support around 189.100, Friday Daily candle closed Bullish breaking out of the recent 4h Consolidation Zone. I’ll be looking for potential Buys above 190.030 targeting 1h Resistance around 190.350 and 4h Resistance around 190.800. I’ll be looking for potential Sells below 189.510 targeting 1h previous Resistance formed around 189.110 and next Hourly Support around 188.790. Ideally is to allow the Asian session to consolidate and form a new Range for the new week ahead. As Weekly closed Bullish forming Support there is a good probability for price to retest recent Weekly Resistance around 190.650.
by SalimFX20
GBPJPY Technical Analysis 15th March 2024 1h chart– Thursday Daily candle closed weak Bullish around 189.090 as price ranged within the No Trade Zone identified on the previous Analysis, I’ll be looking for potential Buys above 189.540 targeting previous 4h Support formed on 6th March 2024 around 190.060 and 4h Resistance around 190.520., I’ll be looking for potential Sells below 188.540 targeting 4h Support around 188.060 and previous 4h Resistance formed on 2nd February 2024 around 187.520. Price still consolidating on the 4h timeframe so waiting for strong confirmation before taking positions is a Must!.
by SalimFX20