🚀GJ The Resurrection🚀GBP/JPY has been very confusing to me as of lately. Currently I'm noticing a transition is occurring and seeing buying pressure maintaining which has invalidated my bearish bias. Being adaptive is a key point
Gj
GJLooking at it on 15 min and it looks like a sell will prevail but ZZOOOOMM OOUUTT and you will see that is not the full picture. As part of it, the 1 hour there is an inverse H&S which has started forming. Just waiting for the break of the shoulder line before going forward and taking the trade. Till then stay watching and waiting.
GJ 4hr analysisGJ will keep going up. As you ca, see, price has formed a double bottom on the 4hr chart. Price ranged for a few days, because it was at a resistance. Yesterday we finally broke above that resistance and we are currently testing it as a support. I expect more buys, lets be patient and check the lower time frames for entries
GJ to keep going upIf this current 1hr stick on GJ ends bullish off this support zone, we could continue the buys that I posted last week Friday
Bearish Bias on GBPJPYThe pair has been ranging in the bearish channel, making series of highs and lows.
Currently the price just made a double / flat top at the upper wall, the reflecting a Higher Low at the stochastic indicator (revealing a price Divergence)
A sell trade can be anticipated for anywhere and target the support wall of the channel.
GBPJPY buyAt the end of this 1hr stick, we should see more buys. Been buying since yesterday London. Lets see how it play out
🔨Okay GJ is DEAD: Sell Position☠️GBP/JPY I'm expecting bullish pressure to start exhausting around this area of exhaustion zone and to also expect sell pressure to continue current bearish trend
GBP/JPYentered 3 entries off of GJ, she broke and retested my level, also gave me another entry at my ema
GJTP smashed and even after closing us out, we still see more opportunity so I'm going to wait and watch so I stay ready.
GJI did find my entry and entered, still running. Moving my SL into profits as it is not my creation but my playground.
We have rules and we stick to rules as hard as possible. No changing or we get hurt and expect more. Harder than ever there might be a pullback so we prepare by not donating back to the market.
🙂🙂🙂🙂
GJ 12/01/2023JPYX looks ready to lose some value and we can expect a fast profit taking rally in GJ here potentially.
GBPJPY LONG BIAS (SWING IDEA)Hello everyone!
I have updated my GJ chart. I have realised that there was a clear sell missed on the LTF, where the white POI zone is marked.
However, GJ is going to test a crucial Demand zone and i will be looking to Swing trade this once i see LTF confirmations on my chart!
The buy target is very much realistic. As on monthly, GJ hitting 184 is very possible in the next year or two.
Any questions, Ideas, or objections please comment down below or DM me :)
Take care traders!
GJTook this as a tester of whether I needed to refine my skills. Not as much as I thought, yet The entry could have been better.
Now I am waiting for another entry point so that I can add, I got stopped out early because my TP got hit (90% rule).
I have a US100 trade running, so I'll be watching both.
GJ waiting... Whats up guys, waiting for a clean break of 159.925 on the 1H and depending on the size of the break will determine if i enter on the break or wait for the retest!
However if price fakes us out with structure from the LOD i'll look for buys, all broken down in the vid!
Let me know your thoughts!
GBPJPY Analysis. We have price rejecting off of the daily support. Followed a 1H ascending triangle pattern. I will be looking for a break and retest of this pattern with a 50EMA staying below price.
GJ 10/01/23GJ over London session better seen on 5M resolution but tradingview limit the posts, so here is the trade on 15m, feel free to go lower to see better.
GBPJPYHello everyone, GJ is in a range, so I'm waiting for one of these two scenarios to take a position in either direction. To confirm the breakout, wait for the candle to close (at least on the 30 min tf).
GJ 2 The Moon: Buy Position Part 2 🌕 GBP/JPY: Still maintaining bullish structure and is increasing in buying pressure overall.162.8 price has become more definite
90 pip GBPJPY LongGood afternoon traders. A look into this morning's trade.
I am back in front of the charts and ready to take on this year. Let's make some cash.
From last week Thursday, the market was in a consolidation. The resistance zone is as marked out on the chart, this morning in the London open, price broke above this zone on the 30min chart, and retested that resistance as a support giving a perfect retest entry. TP was at the 800ema, however, I decided to hold a bit more and jump out at 90pips. Good start to the week.
Be safe, lets kill it
