Gj
GBPJPY Outlook 4/23GJ finally provided some structure to work with. Price ended week at a demand zone, if we can get shifts in orderflow we buy up to mitigate at supply. We sell to demand if price climbs to supply as I believe sentiment may shift bearish on larger timeframe, it can only go up in a line for so long. Easy enough in theory. Buy demand, sell supply. lets see how it plays.
GBPJPY The trend has started! time to go ong on GJ!
after weeks of consolidation, the breakout and retest and now a new higher high we look to go long on GJ.
Next major resistance 172.15
maybe next week maybe next 2 weeks but we will be holding.
look to place stops around 162.5, if buying pressure continues MOVE stop into PROFIT
GBPJPY shortGBPJPY is overgbought.
Our preference: short
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like and give us your comment.
Be carefull, patient and discipline.
Good trades to All.
❗ DISCLAIMER ❗
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss.
Only you can be responsible for your trading.
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not.
So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
GJ LONGbased on my analysis there is a high probability of GJ continuing bullish.
my technical confluences; the bigger trend is bullish on the daily.
price is making structure and broke the previous support and resistance on the 4h and its trending above both ema's which indicates a strong bullish trend.
then I went to the 1h for an entry signal.
I got in into this trade as soon as the price broke the zone wth a momentum candle on the 1h ( i trade the breakouts) after the price started ranging due to lack of liquidity.
sentimental confluence; 77% of retail traders are short so ain't a no better time than this to go long.
my RM:
RISK;1%
RRR; 3.1
SL: bellow previous LH
TP; previous swing
PS;
I have an 80% probability of this trade turning into a winner, always think of probabilities.
no trailing stops I am letting the trade play I managed my risk and that is what matters.
protect ur capital then make money.
GBPJPY H4 ANALYSISPrice is still bullish and rallied today 100+ pips. Support was found at 160.50 level.
Possible rejection around 162.50 if price wants to push higher towards the previous supply zone.
I'm personally looking for sells. Looking for a strong bearish candle to break 50 ma.
There's money on both sides but if price doesn't break the 162.50 level I feel sellers will come in push price lower and low to grab up money around the 159.50 level and lower.
This month and I'm challenging myself to just focus on 2 pairs and GJ is one of them. lol
Trying to focus and cancel out noise/distraction.
I will never give this up. I strive to be a professional trader and have that financial freedom we all look for. Trade safe and RISK MANAGEMENT. Peace.
GBPJPY with divergencesGBPJPY have some with divergences.
Now still bullish, but if Divergences will be activated we will broke 160.75 turnpoint, and GJ will become Bearish.
Wait for confirmation
Targets. Supports, Resistances on chart.
I will love to read your comments. Please put a like and give us your comment.
Be carefull, patient and discipline.
Good trades to All.
❗ DISCLAIMER ❗
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market.
But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. You deserve the profit and you are responsible for your potential loss.
Only you can be responsible for your trading.
Any opinions, news, research, analyses, prices, or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
This Plan can be changed anytime, depending on how the price will arrive at the level and what will be happening on my level of interest for entry. Then I will decide if I will enter or not.
So please don't just blindly follow this. The author of the analysis does not accept liability for any loss or damage.
Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
The FX market is a quickly changing environment and it requires full focus on the levels for the precise entry with low risk.
GJ long call GJ long call
entry- 161.042
stop- 160.747
target price - 162.305
this call is set and ready for action
change of volume has been seen with current respects of support levels and divergence on support levels also respect on the 50% and there we have our 4 confluences so were ready to roll out with this trade
GJ break down analysis I'm currently looking for a buy opportunity in this pair, ultimately because of change of volume and trend towards the upside, now with that being said, you will see here I have two trend lines on the bottom and top showing on the 1hr TF but its set on the 10 min TF right over a current imbalance that's going on. So, I'll wait let market tell me what it wants to show me after a break happen on either trend line and ill follow up with updates or even a trade idea hopefully and we get this show on the road. Stay tuned...
GBP / JPY 156.490 -0.31% SHORT IDEA * TREND POSSIBLE REVERSALHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE POUND / YEN
* The pair saw a beautiful uptrend which respected structure which is now seeing some signs of weakness at the roof of this structure.
- Short term the pair looking for a momentum shift with the bears possibly signaling a strong bearish momentum on the 4h chart this stands from a reversal pattern that will emerge or a breakout of the trend line and retest of this structure we are currently trading in, a break & retest triggers.
- Looking for short entries on GJ this week should all the rules of the formation be met.
SCALING LOWER TO SEE SOME ENTRY OPPORTUNITIES HERE'S WHAT WE HAVE.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & 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.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
GJ Long Term TradeGJ Is moving towards to its Supply Area, This week we can either see a reverse from its supply area or its makes a new High this week !
Structure is completely Bullish right now, So we can take a Sell from its Supply Area.
SL is 66 pips so manage your RR according to your Account Balance.
Good Luck for the week !
GJ potential strength incomingYen index is approaching monthly support
this could give us a double bottom
last visited this structure point in Jan 2018
if price holds and moves (JPY index) bullish we can look for xxxjpy sells
if price breaks through i'd expect unmitigated monthly demand to be yen's next downward target however this would take a very long time to fill the imbalance
Me personally am seeing this scenario as bullish on the index therefore bearish on GJ
GJ is approaching a strong resistance
previously rejected 3 times proving to be a strong level at 158.000
i anticipate a slight pull back to 156.500 - 156.800 level before possible push up to 158.00 where i would look for bearish PA (possible sell off)