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
Gj
GBPJPY Wave 5Hello traders
Here quick analysis on GJ. Wave 5 of 5-3-5 formation. Watch for invalidation level.
GBPJPY PERFECT BUY ENTRYGJ providing a perfect buy entry with a tidy RR. 4HR order blocked reached in a very bullish market, to continue this bullish market we need to see this imbalance filled and to take out the highs, but to be safe I have TP at volume highs. No one goes broke taking profit!
Gbpjpy sells.GJ is currently moving down in a down trend and may be creating a technical Lower High and once we break through the support pull back and retest it as the new level of resistance then I will be comfortable in taking a short trade.
GBPJPY 13/06/2021 - WEEKLY FORECAST TF 2HHello Traders!
While Penguins are on the hunt, you can easily join them as well!
It is easy, all you need to do is to collect the hearts and watch for the eye signs.
Heart in the box - a place to take profits
Eye sign - spot to jump in, or watch
Penguin - expected direction
Have fun with it, and remember - this game is about the patience. Keep yourself cool.
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GOD BLESS U ALL !!!
gbpjpy setupso far am looking only to long this trade but if the price achieve to break 154,23 than this setup is not available , good luck everyone.
GBPJPY Update 2We've broken the bottom structure! I've been holding this trade since 31/5/21 and it's been a really lovely and profitable setup to execute. We're about 50-60 pips away from my final TP but i may close out before then, we shall see. I hope to trade more GJ in the future, i've been able to execute some lovely trades on it recently.
Updates to follow.
gbpjpy SELL / SHORT.here is a nice set-up for a short coming close now on GJ...
its the retest of the broken ascending TL.. along with the retest of yesterdays broken support (now should act as resitance).. and also the 38.3 fib retracement of the move down.. i believe this may at worst go to the larger faint fib 38.2 retrace i have marked on this chart too, so the SL should be perfectly acceptable.
obviously take partials along the way and put SL to BE once in profit.
gbpjpy BUY!! very nice long optionthis set-up is based off the 38.2 fib retrace, landing directly on a old strong resistance turned support.
obviously take partials along the way and set SL to BE once in profit.
gbpjpy BUY - 3 x confluence.. here we have price coming down to the 200 4hr EMA.. along with the main trend line 3rd hit, plus the key level of the lows to the left..
obviously take partials along the way and set SL to BE once in good profit.
KEEP IT SIMPLE GJAt a major resistance area, plus we have been going up for some time now...
Will it head back to the blue trend line or will the bulls power through and take us higher? 🤔
GBP/JPY SELL SET UP GJ is showing multiple bearish order blocks converging on additional Bear pressure to the downside. Good R:R Keeping it short and clean allowing the market time.
Set & forget, safe trading.
GBPJPY Swing Short (update)Just providing an update to my swing trade:
I've been holding since last Monday and i've got one position still running as the other one hit TP1. As you can see, we've broken 154.800 but GJ has gone up (this may be due to GBP strength as GU also went up, but it could equally just be a retracement). I shall keep this position running (SL moved to breakeven) and look to place more sells if it continues to move upwards. Got about 100 more pips to go until TP2.
So far, GJ has been respecting the trend really well. Hopefully it continues to do so.
