Sell IdeaA probable choice for sell if breaks the limit below with the intention of taking 1:1 and leave runners for more profit.
Gjsell
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Analysis (22nd May 2024)
Market Analysis PT2/2 (22nd May 2024)
GBPJPY Analysis
On the 30 minute timeframe, we have created a very strong support at the 198.272 - 198.363 level, having more than 5 taps along the area and rejecting it.
There are 2 scenarios i am looking for.
1) Price breaks above the 198.615 level with a body candle close on the 15 minute. If we do have that, i will be looking for potential Buys ton continue the bullish move, given that it provides a retest of the 198.615 level.
2) Price breaks below the 30 Minute support with a body candle close. IF this happens, support fails and turns into resistance, this is where will be looking for a break and retest to continue lower towards the 197.800 level.
GBPJPY Analysis (18th April 2024)
Market Analysis PT1/2 (18th April 2024)
GBPJPY Analysis
On the 4 Hour timeframe, price action has created a WCR.
This is a vaild WCR as it meets all 3 criterias of:
- Range on the 1hr/4hr/Daily timeframe
- Range is at least 100-150 Pips wide
- More than 2 taps on Each Support/Resistance.
Looking at the 1 hour timeframe, price action has created a 1 hour Change of Character after failling to break past resistance level. What i am personally looking for is for price to sell reject of either the gold fib level from the swing high to the swing low, or come up alittle higher to retest the 1 Hour Orderblock before looking for sells.
Once one of these 2 areas of interest has been tapped, i will be looking for 5 minute/ 15 minute Change of Character before looking to sell all the way down to the support.
GBP/JPY sell signal analysisHello traders, Last week we saw a nice bullish momentum on GJ which took the price to IRL which is a weekly FVG I'm expecting to dig little bit into the fvg to than sell off from there but I'm only considring the entry after a shift on market structure to take an advantage of the down move targetting 178.353 which is the ERL .
After GJ retest to high, SHORT comingGJ is in a rising wedge on the 30, after the retest to the high marked the red ovals. look to see price come back toward the 166.200 lvl. We need a break and a retest to that lvl before entering for a short.
GJ 1H Bearish Continuation | H&S Right Shoulder Completion Idea 4H is about to break with the right shoulder of the H&S, while the 1H is bouncing up to complete the right shoulder of the H&S. So I am looking for price to pull back slightly at market open and continue bearish.
GBPJPY 2 SCENARIOS GBPJPY has broken out resistance and retested last week friday. We had a big push to the upside resulting in a big rejection on the following resistance highlighted that caused price to fall to fridays starting daily low. If we can hold above highlighted support zone i can expect price to go to highlighted zone to clear highs. If we cannot hold support i expect a big fall in price to next support zone.
ICT Test on GJ This is my analysis on Gj using ICT so as u can see the market break the high i wait for LQS then now im lokking for MSS after that i search for Poi or an OB +FVG to go short on Gj
Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse,
So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF.
Whats your thought?
Waiting.. GJ looking for sells while price is under 161.000, if we get a solid break/retest i'll look for buys, but first I want to see another push up here and the candle to fail closing above the current DH, giving us a nice sell opportunity with a small SL, then aim for the $ as first target then the support and DL
Let me know your thoughts!
Hmm..GJ Price is sitting on the DH, I may take some LTF sells here depending on structure/if price fails to close above previous 1HH/DH, but overall i've got a buy Bias here until that 1H low is broken, lots of buying pressure this week, no need to try trade against it, go with the flow 🏄♀️
Let me know your thoughts!
Waiting for buys GJ if we can break through 167.638 area i'll be looking for buys back to the 1H high following orderflow, if price fails and falls back to the 1H low demand i'll be also looking for buy there, not interested in sells today on GJ, maybe some LTF scalps if we get a retracement but thats it
let me know your thoughts!
Sell GJ at the end of current 30min stickAs ypu can see, price has tested a resistance 4 times, with multiple small double tops, price has finally broken out the bottom of the flag channel that it has been in all week.
We have broken below, retested the support as a resistance, if the current stick ends bearish its a sell. Further confirmation is the rejection off the 200ema
GBPJPY sell scalp idealooking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down.
We will see what price does and manage risk based on that.
GJ shortMonthly; bullish trend
Weekly ; there is a candle that filled the previous candle’s wick so I was expecting price to get rejected from the monthly S/R zone and reverse, currently is stuck in a consolidation
On the daily there was a rejection forming a shooting start candle indicating a reversal may happen, price also broke previous swing.
On the 4h; there is a spinning top candle followed with a bearish engulfing
My confluences for a trade;
4h
Breaking previous HL
Below emas
A heavy bearish momentum breaking the S/R zone
The monthly/weekly long wick candles indicating loss of bullish momentum and a high probability of price reversing.
GJ SELLGBP/JPY on Friday and was pressured by a Combination of Factors - Targets @ 160.030 - SM 95/5 Short
GBPJPY - May 31st into June ReviewHello Traders,
Back with another review! We are looking at yens overall for potential reversal with eyes on GJ.
Should price remain below May monthly high 163.800-164.00 zone
We could see more downside correction to the 157 price zone.
this could take a few days or more.
Otherwise, above 164.200 no short trade.
As always, only trade what you're willing to lose.
The Trading Regime.
OANDA:GBPJPY
GJ shortI am waiting for the price to break below the s/r
break the structure with an engulfing bar
stay below the ema's
we already have a bearish trend
waiting for a break
then ill jump into the 1h to see if the price is below the 14/5 ema's and below the e200ema then that would be my entry stops will be above the structure tp is next s/r
Potential BIG SHORT for #GBPJPYThis pair is still in progress of completing the corrective wave (c) of the minor corrective wave B at 1.236 fib extension on price level 165.279 up to 165.878 which is the 1.382 extension.
When validated, the pair may then resume its downtrend to the anticipated impulsive wave C with a potential high reward of over than 500 pips (159.634 or lower).
#elliotwaveforecast
@marketpainterPH
GJ shortd;bearish
4h; broke the s/r zone and its testing it
bearish trend line
broke previous LL
bellow the ema's
1h; looking for price to go bellow the ema's with a momentum candlestick and that would be my entry.
stops; above LH swing.
target; next s/r zone
risk; 0.5%
RRR:3.1 mini
