GbpJpy potential SELLI have a potential sell here on GJ.
Price is retesting this previous support.
I'm waiting for a 15m confirmation to get in.
tp1 1:5 R/R
tp2 1:7 R/R
journaling/learning purposes
Gj
GBPJPY - SHORT POSITION (8HR)CONFLUENCES:
- Bearish market structure
- Rejection of 8Hr EMA
- Rejection from 78% Fib
- Bullish structure in JXY
- Fib extension lines up nicely with 150 level
- Spinning top candle close in 4hr
GBP/JPY LONG TERMGJ Chart pattern has shown a head & shoulder formation, as well as falling into the descending trend going short!
GBP/JPY, MASSIVE DROP PENDINGThe overall trend is bearish. A massive corrective move happened by the end of last week and now the price is around a crucial key zone. A massive bearish candle has been formed and it looks like the bearish continuation will keep continuing. We have opened SELL positions and set our target at the zone identified on the chart.
Have a nice trading week, everyone!
GBPJPY wait for complete retracement Lately my trader and investor talk about 'safe haven' which is risk off your capital .
With fundamental news COVID19 effect, my view on GBP is the potential to BEARISH is very strong but it must retrace to zone first.
So ,every BULLISH is only temporary ,I prefer to trade when ever it come to my zone and i will shoot from there and swing it to the floor 1.40
HS pattern on Gj Looking for Gj to retest the next line of the head and shoulder oattern that is forming on GJ then once the low is broken we can start looking for those sells in order to trade it down to the next level of support.
EURJPY - BUY OPPORTUNITYLooking to target TP Areas from Buy Zone - Strong break above TP Area 1, target TP Area 2 (30+ PIPS)
Trade at your own risk!
gbp/jpy short idea bit of a messy chart i know but this could be a good area to take a short
my stop will be the 0.90 on the fib
GBPJPY Wave 5Hello traders
Here quick analysis on GJ. Wave 5 of 5-3-5 formation. Watch for invalidation level.
