GJ Sells;Looking at taking sells on GJ pending order set and allowed to play out.
Now, I wait to see the outcome of this setup.
See you, later.
Gjshort
GBPJPY ANALYSIS [W/B 10/06/24]GJ has been interesting to me the last few weeks. It has a dilemma that it is going through.
As seen within the POI, there is plenty of imbalance which could force price downwards, with confluences such as structural breakdown and imbalances left over downwards in the demand area - however price has - within the last significant periods - been trading upwards.
I agree that if the upper zone of this POI is broken - we could well see a very lengthy and strong bullish run - especially as on the weekly chart there was a lot of imbalance left over.
If we see structural breakdown to the downside I am expecting any of the drawn out TP's to be taken.
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.
GBPJPY Analysis (16th April 2024)
Market Analysis PT2/2 (16th April 2024)
GBPJPY Analysis
On the 1 hour timeframe, price action created a bearish Change of Character after rejecting off a psychological level at 192.700.
In the process of forming a 1 hour CHOCH, price also created as 15 minute orderblock that hasnt been tested.
I am expecting price to retrace towards the 15 minute unmitigated orderblock before looking for potential sell confirmations during the london session.
Do keep a lookout for this potential set up!
GBPJPY Analysis (11th April 2024)
Market Analysis PT2/2 (11th April 2024)
GBPJPY Analysis
On the 4 hour timeframe, price action rejected off the 4 hour Orderblock and created another bearish Change of character, This shifts my bias from bullish to bearish on the 4 hour.
In the process, a 4 hour Fair Value Gap has been formed and if you drop to the 1 hour timeframe it also overlaps with a 1 hour Fair value gap. This will be a high probability area for me to look for potential SELLS from.
Ideally i want to see price tap into the 4 hour FVG and create a 5/15 minute Change of Character before looking for sell on GJ.
GBP/JPY SellGJ has broke below structure and closed below zone on 4H timeframe. Also formed a Head n Shoulders and closed below the neck line. Zooming on the 1h we can also see structure broken to the downside and closed below zone. Price retraced and shown rejection @ 190.600 zone by forming a Doji.
Having seen price rejecting zone I zoomed into the 30mins and 5 mins where I was looking for a Break of structure to the downside and a retest which happened at 12.30pm Uk time also pre-NY.
Seeing this added confluence of BOS on 5mins I entered sells @ 190.57 with sl@190.900 (Risking 33pips).
TP1. 190.00. TP2: 189.85 TP3:189.700 TP4:189.55
* Where has the market moved since I entered my trade? Slight profits
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic and confident
* What do I like about this trade ? multiple confirmations
* What do I dis-like about this trade now? took bit of time before showing volume
* On a scale of 1 to 10, where would I rate this Trade now? 8/10
* If I were not in a trade now, would I take the opposite trade ?no
GJ stil short RSI divergence W chartGJ might have took out the 30M entry and also on 1D charts looking sketchy but on the W chart the RSI is posting divergence when u look at the 23 Jan 24 equal highs to today
im looking for a reversal of the 1D candle within 2-3 lengths to validate the W short.
GJ major sell possibilityGoing over the current market structure it has rejected the continuation of the uptrend 5 times in my marked up zone.. that being said I think we might be in for a major move down.
I have marked my entry below the lows of the liquidity areas and my stops halfway up the highs to minimize risk but still allowing the market to grab liquidity before moving bearish.
*Other scenario would be if the market passes my marked zone we could be in for a continuation of an uptrend*
GBPJPY : The FREEFALL gbpjpy has been ranging all week the pair is preparing for a major move likely to the down side
the last few daily candles are rejecting the sell zone that i indicated in my previous analysis please check it out below .
GBPJPY POSSIBLE FALL ?hi traders ,
since the summer gbpjpy has been trading inside a channel on the daily tf .
we can see the price approaching the sell area where we have a resistance + bearish trendline it is very likely that we see a bearish move from there id wait for extra confirmation.
right now the only comfirmation we have is the close of friday candle that closed as a bearish spinning top and the rsi that is indicating a bearish divergence and weakening of price.
trade safe homies!
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 .
Possible Shorts for GJObserving a bearish trend confirmed with lower highs and lower Lows on the 4H timeframe. GJ is currently respecting my 4H bearish Trendline in confluence with a 1H Lower High area (Keylevel ).
The market has already given us a strong bearish candlestick on the 15-30 minute timeframe. I’m awaiting a break and retest of the 1H key level (support) then I can look for possible entries
GBPJPY WEAKNING OF BUYERS AND POSSIBLE REVERSALHello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
GbpJpy -> Short Squeeze Over?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of GbpJpy 💪
After GbpJpy broke out of a major long term monthly triangle formation all the way back in 2021 there has been a major rally of roughly 4000 pips towards the upside on GbpJpy.
However by looking at the weekly timeframe you can see that GbpJpy is a little bit overextended at the moment so I do expect a retracement at least back to the 0.236 or 0.382 fibonacci retracement level.
And it seems like with today's candle GbpJpy is breaking daily structure towards the downside so I am first waiting for another bearish push and if we then get a retest of the previous structure zone and some bearish confirmation I then do expect another daily bearish drop to retest the weekly fibonacci levels.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
GBPJPY ShortI would like to see the highs getting souped and then a drop to the eq lows outlined in the chart.
We are reaching a huge level in 175.000 and I'd like to see price tap into the level before dropping.
Trade safe
GJ BatPossible short before long continuation. I'm looking to trade the C to D leg.
Let me know what you guys think, here are my measurement based on the 4hr chart:
X - 168.040
A - 171.073
B - 169.915
C - 170.943
D - 168.391
Comments and critique welcomed!
GBPJPY Price Action Short Set-upLooking at the extreme push up, expecting a retrace back down from the 171.2 range, with a sell limit placed to catch the entry. This is the ideal price action entry where price will come to retest the break of the short term trend line and also a previous short term support, that should turn to resistance, and begin to make its way down from there. Price testing the opposite side of a trend line tend to have a high chance of working out, and paired with the support becoming resistance, makes this a high probability trade, and also lines up with price action typical behavior. Stop set for 171.88, target set for 167.3, the top of a demand area where price launched out of before.
Also, just looking from another perspective, we have a double top, which signals a trend reverse, which should encourage sellers to come into play, and with a clear zone below for buyers they should be waiting for the demand area below to begin buying back in.
This trade looks to capitalize on the general assumption the market takes back gains it gives out quickly. At the target would be the most likely place for price to rise from again if it does not break through the entry/stop levels.
Using a mild stop distance for the set-up, using a 35 pip stop would be more aggressive, where about a 120 pip stop to be above the highs would be a more conservative stop level.
GJ Sell I'm predicting a retrace because GJ went to an high that hasn't happened in awhile and it should sell overall this week back to the levels I have marked up.
GBPJPY analysisWait for price to breakout of GJ range and look to take the trade once candle has closed outside the range.
Re Entry GJGJ valid for re entry after hitting sl, My bad should've waited before but we still in heavy profits
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.
GBPJPY SELLHey Traders!
Undercover Trading LLC
I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date.
Having cleared our bais issue we now look forward to determining where the price will be retracing/swinging from which is a very big deal and 80% of the time we are correct. So in doing that we picked a POI which is an order block that broke structure to the downside around December 2022 which also has a lot of imbalances left to be filled. With our UCT extra confirmations checked on the order block, we selected that as our POI which we will be selling directly from.
But in any case, if you wish to minimize your loss and increase your reward on each trade it is always best to trade with the 50% rule than look for lower timeframe entries but mind you, you'll miss lots of entries.
That's it for GJ, cheers guys!!!!
In order to avoid so many re-entries that come with refinement in POI I always advise trading off of the POI itself rather than looking for lower timeframe entries which I consider time-consuming and a rollercoaster of entries.
GJ Short Idea3rd touch on a daily level, with mixed fundamentals in the market currently. Other JPY pairs on a level at the moment therefore looking to short to the previous low.
