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GBPJPY | Ascending Triangle & Major Resistance ..!!GBPJPY (Update) In Daily Chart, Forming ascending triangle Pattern (Bullish Pattern) At the Moment, Facing Major Resistance (135.40), If Bulls Failed to Clear it, expecting Trendline Retest ( Higher Low) If Resistance got Cleared, Next Stop Would be 144.00 area (Next Major Resistance) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!
Education
by Faibik
GBP/JPY - HEAD & SHOULDER - FAKE-OUT (HTF) : SELLPOTENTIAL TRADE: GBP/JPY I am looking to enter short on this currency pair for the following reasons: - Head and Shoulder price action pattern is evident. - Price has created a fake break-out. Buyers are trapped and will realize losses soon. - Overall down-trending market structure. - Major zone of resistance at the right shoulder. If you found this idea useful, leave a like and follow me for more analysis and trading signals. If you have any questions, feel free to ask in the comment question. I respond to all comments! You must always use correct risk management when following any analysis. Happy Trading!
Short
by HONEYSIGNALSFX
1
GBPJPY Shorts Incoming Hi fellow traders. GJ ended up not adhering to my last trade idea, so I did not place any orders. I think if this new red line proves to act as a resistance trend line, we could see a pullback. Looking to take profits along the way. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. Please drop a follow! I need reputation points!!
Short
by TheFinancialTRDR
2
GBPJPY - BUY OPPORTUNITY ARISING Hi traders. Planning on longing GJ if it fails to break above the pink resistance level and also starts to fall back down, towards the green support trend line. If the blue support level holds, I will plan on placing a long trade for this pair. If this support level does not hold, then I plan on placing a long from the next green support trend line drawn below. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. Please drop a follow! I need reputation points!!
Long
by TheFinancialTRDR
GBPJPY Short IdeaHello traders. GBPJPY is approaching the red resistance line drawn. I believe we could be looking to enter shorts from this region. I would aim to retest the support trend line drawn within the next day. Would suggest waiting a bit longer until the red resistance or higher is tested to then open a short. I think we may, in an unlikely scenario see a push to the purple trend line before entering a short. I would expect a slow push down. I would recommend taking profits partially once every support/resistance zone is tested. Hope this plays out. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. Please drop a follow! I need reputation points!!
Short
by TheFinancialTRDR
1
GBPJPY WEEKLY SWING TRADE! (1000 PIPS?)Hi fellow traders. Considering that GJ has tanked significantly from its weekly highs a few months ago, all in the region about 140.000(+), I think now might be the perfect time for a reversal. RSI has also tapped the oversold region from last month, it might be time to see it go up. I believe we could possibly see a long trade that could play out within the next few weeks in order to approach the outer resistance trend line drawn in black. I would aim to enter slightly lower than the current market price, around the region of 133.000 - 133.500 or lower. A perfect entry with a tight stop loss could prove to provide invaluable profits. A perfect break of the purple resistance drawn could help in providing a long bias for the weeks ahead. This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
Long
by TheFinancialTRDR
1
GBPJPY Quick Push UpHi fellow traders. Considering GBPJPY has just tapped the trend line from below acting as support, I plan to swing this trade to the upside where the upper resistance trend line lies. Aim to enter slightly lower than the current price, setting a buy order around 133.350. Could possible retrace lower and then move to the upside, so be ready to buy in at a lower possible price. Keeping a stop loss on this trade around the red support trend line. Hope this plays out well. Good luck! This is just technical analysis . Do not follow this trade blindly! If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
Long
by TheFinancialTRDR