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Gpbjpy

GBPJPY / H4 / Daily Forex Technical Analysis / 4.25.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 25th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 4 hour time frame we can see price action moving back towards a major support zone near the 144.166 area. If price action can reach these levels and hold as support once again we will be looking for a profitable entry long. Entry for a Long position near the 143.842 area, with a Stop Loss near the 143.222 region, could ensure a profitable trade with a 2.43 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
Long
by FuturesForexClasses
GBP JPY re test of resistance As you can see from the chart there has been a very strong and well respected trend line that has been acting as resistance, we can see that the price broke this line for a day and now has fallen back below it, some might have thought that resistance was going to turn to support but we are confident that this will continue to be used as resistance with all the brexit negotiations going on, we can only see the GBP getting weaker again. This trade entry, TP and SL are reserved for our clients. If you would like to join our team then please send us a message for a friendly chat.
Short
by Fab_Forex
gbpjpy short 500x leverage margin tradegbpjpy is a quick short back down to the 146 level or wave 4 THESE ARE NOT just lines and doodles on a chart ...this shit technical analysis works for a reason supply (short sellers) got trapped around 147.31 which is typical at the 23% Fibonacci retracement level (black circle) demand (long buyers) got trapped right back at the high as the breakout was actually a fake out. So now supply will shortly outweigh demand and crash through the 23 fib and touch the .38% fib which is typically a good target ESPECIALLY AFTER retest.. DM to join my free telegram prepare to pay for premium services for profitable targets that take place in as little as 10 min or 4 hours or swing trade targets. Ill leave this here just for reference and to show off and brag on my skill to other traders remember the game is rigged 70% of the worlds currencies are controlled by 3 financial institutions. So how do you think they make money? by taking small time traders and investors money. Remember trading and investing is 0 SUM which mean you cant sell if there is no buyer or buy if there's no sellers. This money (liquidity) Has to come from somewhere....Thats peoples IRAs, 401K, inheritance, or salary from work floating around providing liquidity. Less than 20% of retail traders (independent traders) actually are profitable and only about 2% of those are profitable to do it for a living..lets go 500x leverage x 1.7% = 800%+ profit
Short
by BigChrisACharts
1
GBPJPY appears overboughtThe Tidal Shift Strategy has just bought EURUSD at 1.1638. The system recommends entering this trade at any price between 1.16215 and 1.16545. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.68557, which suggests that the EURUSD could be trending upwards.The 14-period Average True Range on a daily chart is 0.00132, so the stop loss has been set at 1.15719. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. Signal ID: 58823 Time Issued: Thursday, 13 September 2018 20:00:16 GMT Status: open Entry: 146.444 - 147.096 Limit: N/A Stop Loss: 148.076
Short
by FXCM