Gjshort
GJ ShortHappy Thanksgiving to you all,
GJ has reached a peak at 139.850, and started consolidating. I'm expecting price to fall to the 138.000 area within the next few hours, possibly London session. There can possibly be a small pull back to the box of the consolidation zone before the fall, but we will see once the time comes, goodluck!
GBPJPY MELTSGood day traders!
GJ has broken it's short term support around 137.500 and the price is currently retesting the broken support area which has become resistance for this pair now. Adding short positions from here and targeting around the range of 136.300 - 135.200 before continuing long positions to follow it's main trend.
Have a great trading week ahead guys!
The Beast Is Consolidating Continued... [Bearish Scenario]Here is my bearish sentiments on GJ, its a continuation from my last idea. Marked on the chart is a Sellstop entry @137.75. Following a breach of that level is a possible shift downwards toward 137.27. I've marked that level as Target 1. A breakout to the upside of Trendline 1 will invalidate this trade.
Target 1:137.270
Target 2:136.470
I've been working to simplify my game, does this analysis seem difficult to read or understand??
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GJ Sells Breakdown 13/11/2020I don't usually take impulse entries but I
have taken a similar setup on GJ 3 times
before already this week and they were all
winning trades
Entry was taken at the point we broke below
the wick of the bearish 30m candle on support
anticipating price to come down to the next
support. I used my usual 2% risk and price
very quickly moved towards target
TP hit and I secured 3.2% account increase
If we flipped bullish I would have managed risk
by closing half of my positions so that if SL
hit I lost less than I was happy to lose.
Possible Bearish Scenario...Good morning Traders! Support my Analysis with a Like if you agree...
A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown towards the 133 price zones. This is a Bearish sentiment following my Bullish Sentiment I predicted earlier this week. Refer to related ideas.
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Time For GJ Retracement...Following yesterdays positive Bullish Analysis, price has rejected a major area of resistance around $137.60. Upon a solid close under $136.28, I foresee price moving towards local support.($136.15) A close below that level would be a great bearish entry. I predict price could bleed to $136.75, then towards the 61% Fibonacci Level. Analysis is only valid if close below box region occurs.
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What do You Think on GBPJPY????As we can see guys we have a break on our trendline support and the price has already retested our trendline support, As long as we have a break and retest we anticipate bears to be in control for the next week.
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GJs BULLISH MOMENTUM MAY HAVE DIED...GJs price has been moving quickly into Bearish territory. We had a recent close over 2 MAs followed by a bearish moving average crossover. As an added confluence, price is currently testing a 1HR box region. This zone stands as an important level because, price rejected & reversed during its last encounter. A close below would signal a Bearish sentiment. Target area would be towards the bottom of the Trend channel. If price fails to close below the zone, i'm expecting a retrace towards $137.100.
Comment your thoughts on GJ below!
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GJ Analysis 04/10/2020We are trading in a 25 pip range, as we know it is not a good idea to trade in an Asian range.
1) If we get a clean break of 136.365, wait for support to form on lower timeframes before looking for buys to test resistance at 136.750. It is a good sized range to fill with clean traffic so buys are preferred if an opportunity arises.
2) If we break support at 136.100, look for resistance to form on lower timeframes before looking for sells, sells aren't very clean in this market structure and I have highlighted potential barriers which could cause trouble along the way. A potential target can be support down at 135.800.
Trade safe especially during Asian and always secure profits at 10-15 pips and leave a runner.
GJ Analysis 29/09/2020 -- Update 2Price broke below support and created resistance on the 15m timeframe. We entered as the 15m candle flipped bearish with stops above that current 15m candle at just 2 pips. Our target was the bottom of the next support and our runner ran for 40 pips. before forming a new support and moving back up.