gbp/jpy short idealooks like the minor trend line is breaking
at a good level on the fib retracement
this could be a good level to start selling
gbp index looks very bearish
Gj
GBPJPY Quick Long Then ShortIf you like this idea, like and follow for more.
I believe GJ will drop down 10-20 pips into that upper grey zone, bounce up and reject off of 152.100 before dumping. I reckon it will dump down to the bottom trendline/bottom supply and demand zone. If we see signs of it heading further down, then this may indicate that GJ is continuing a longer term downtrend.
For now, i think it may follow the turquoise arrows.
Updates to follow, follow me to see them.
GJ - Exit StratGJ continuing on up past TP2.
Black Entry hit TP1
Yellow Entry was closed in profit due to my Adjusted SL to make the trip Risk free.
Jumped the gun a bit quickly as I believe GJ could potentially ride higher past Blue Entries TP3 close to .973 area.
Hypothetical TP4 if you want to continue to adjust your SL and ride this up.
Otherwise sticking to TP.
SHORT GJ GbpjpyLooking at current price i see price continuing to the downside during the upcoming London session. Waiting for a retest of the trendline and confirmation on the 1H before executing this sell trade. My first take profit target will be 150.950 respectively.
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
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.
