GJThis would be the time I'd be setting the sell stops, but also look out for a retest because the movement is too slow.
Gpyjpy
GJWEDNESDAY. Boom, it happened exactly like we forecasted last week and early this week. Those that placed and got rewarded well done. Close your laptop, withdraw your profits and go spend time with friends or family before your try to overtrade.
GJLast week I said this week we expecting a very explosive market in GJ. Today is Wednesday and the accumulation of the candles is showing signs of a impulse coming. Stay neutral, WATCHING & WAITING.
GJ (Please Read My Entire Comment)Watch this explode next week. This consolidation if you have back tested GJ, then you should know what to look for (adjusting accordingly to your plan, not to what you saw on IG). Next week either market open or mid week we are going to have an explosion. Using my experience from back testing GJ, it will usually hit both sides (It triggers both sell stops and buy stops in order to fulfil the supply of the side it is going to),
IF YOU HAVE NOT YET TRIED IT, USE THE FREE TRIAL OF TRADING VIEW. YOU WILL NOT REGRET IT
GBP JPY SHORTGBP JPY.... last nights fed speech helped GJ create the double top on the daily, bearish momentum broke support structures creating right shoulder with resistance rejection helping price trade below 50EMA as confluence to the downside. we could see GJ at 163.500 going into next week.
what do you guys think? ive been trading for 3 months and have passed a funding challenge! all the best peeps
GJIt's a late entry but it still follows the rules. Impulsive break, retest, candle confirmation and then enter. We have a considerably large SL due to our past experiences with GJ and where the market is. For now just watch, if you don't understand why I took this trade rather stay away especially if it does not follow your risk management plan.
GJNice break, retest and continuation. My focus has been on US30 and because of that I lost a beautiful trade. We can't catch them all but those that we do we put 6 Gun and enjoy. (6 Gun, is a spice mix in South Africa which is basically like our MSG)🤣🤣
GBPJPY A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed ( 167.400 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis: GBPJPY Waiting for the Range Bound and the beginning of the Ascension Trend.
GpyJoy Facing Trendine resistanceFrom 162.87 Gbpjpy facing trendline resistance
Hopefully it will sell from here
Looking for Downtrend
Trade at your own risk
its a trading idea only.........!
GBPJPY - ShortLooking to short GJ on a retest and rejection between 156.159-156.355. However, if GJ breaks and closes above those zone on a 4h tf, I will be looking to go long. 3-17 rrr. Stay tune for update.
Feel free to like and/or comment your thoughts.
GBPJPY - Toe in the water longLooking for some upward movement. Looks like some possible buy structures occurring. We'll see. 2% on the table
GBPJPY Near Upper trendlinePrice gets rejected near upper trendline.
High probability trade with good risk reward ratio of 1:3
GBPJPY BUYQuarter point entry. H&S pattern. Waiting for structure to be broken on higher timeframe to feel safer.
Analysis GJHey traders, here you see the consolidation candles, it may seems like it pushing pass the trendline and soon to be making LH to the downside.
Analysis GJHello traders, a much better and improved chart. look for patterns or breakouts, if not it will go against you. trade smart not hard. trade 20 pips a day and it will change your life forever. Thanks for reading!
GBPJPY Potential Sell OpportunityGBPJPY Potential Sell Opportunity. Will wait for price action at these levels for further confirmation before entering. Will update later!
GBP/JPY AnalysisGBP/JPY cleared the Daily liquidity level and made a friday reversal.
After an extended move to the upside on GJ we can now assume that we are going down for at least a week, together with a recovery on the DXY.
Fundamentally its tough to say if the DXY is going to recover this week, but thats what I am looking for anyways, till it proves me wrong (which can happen very quickly)
GBP/JPY SELLSELL 133.80
SL 135.00
TP1 132.00
TP2 129.00
TP3 126.00
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GBPJPY / H1 / Daily Forex Technical Analysis / 5.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is May 16th, 2019 and we will be taking a look at the British Pound against the Japanese Yen. Looking at the 1 hour time price action has reverted back to a previous area of support and resistance near the 140.2 levels. If we can get some sort of a short bullish bounce near this area, we would be looking for an opportunity to go Long. Entry for a Long position near the 141.161 area, with a Stop Loss near the 140.611 zone, and a target profit level area of 142.512 to ensure a profitable trade with a potential 2.46 to 1 R/R.
