GBPJPY Long - although delta is not in favor of longs, I like the structure. ideally I would like price to pull to POC and then go long. but if I see volume coming on LTF, then I will look to go long.
GBPJPY trade ideas
GBPJPY After we just saw a break of the uprising channel to the downside
We are expecting a re-test on its lower boundary at resistance zone (196.000) then from there the probabilities are 65% to 35% the market will move down or up respectively
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My bias on GJ going longGJ to me is still in bullish momentum. I considered this internal price action as a gathering of liquidity for the next bullish moment
GBPJPY BUY SETUPPrice is currently forming a bullish triangle pattern and we anticipate a breakout above the resistance level and continue with the upward trend. BUY!!!!
GBP/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level of 182.685.
✅LIKE AND COMMENT MY IDEAS✅
GJ Short based on fundamental and market structure.
1 technical reasons.
chart pattern and 4 hour strong resistance area.
2 fundamental reasons.
Key Japanese macroeconomic indicators are stronger than the UK.
Exit area 195.500 - 195-900
GBPJPY FOREX BEAST 12.10.20241 hour ago
did i follow my plan.?
entry
exit
what mistake did i make.?
what rule will help me with the above
GBP FOREX FACTORY CHARTWe were looking through a simple strategy for beginner traders to follow. We Decided to lok at GBP pairs for market structure to see, if we have a sell or a buy. The team determined the market was going to go into a bearish trend based on the news we seen and the structre of the market.
( this chart is to serve as a demonstration, if the market were to go into a sell what would happen, because it was the weekend we couldn't actively test the theory. { Long Weekend})
CAP DETECTORS:
- Tatiana
- Rita
- ROSE
- Amilia
GBPJPY: A Potential DowntrendThe major supply zone has been tested several times and appears to be holding, suggesting that sellers may soon take control. The price recently dipped into a minor demand zone around 193.700 and bounced back. I anticipate selling will resume after this brief retracement.
As always, patience is key—we need to wait for a clear trade setup to develop on the M15 timeframe before executing. If price breaks the minor zone at 193.700, it will likely move to the next one at 193.000 with ease. Let’s see how this trade idea unfolds.
GJ sells.Looking at taking sells on GJ pending when price breaches the pending order set.
Now, I wait to see the outcome of this setup.
See you, later.
GBPJPY OverviewLooking at the GBP/JPY chart, it seems we’ve hit a point of interest after a bullish move, and price is showing signs of a potential reversal. The structure around this area is interesting—there’s a clear Break of Structure (BOS), followed by a shift that suggests sellers might be stepping in. The market appears to be losing bullish momentum as it approaches the 195.032 level, and I’m expecting it to pull back.
I believe that the price could retrace downwards towards the support zone marked around 193.800. If the current resistance holds, we might see a bearish move in the coming sessions, and price could make its way back to test the support area. If price respects that level, there may be an opportunity to go long again, but for now, I’m looking for a potential short setup from this resistance zone.
We’ll need to keep an eye on the price action around these key levels to see whether this scenario plays out as expected.
GBPJPY - Technical Analysis [Long Setup]🔹 GBPUSD Analysis on 15m chart
- The current Trend is BULLISH
- Simple trade on HHs HLs
🔹 Trade Plan
- Entry Level = 194.393
- Stop Loss = 194.110
- TP1 = 194.680
- TP2 = 194.937
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼
GBPJPY - October 24 Price Prediction - LongHello Everyone,
With price currently on GJ being squeezed around the 195 levels, it is inevitable we will get a breakout one way or the other. However, l feel the breakout to the upside, why?
Volume & Liquidity
- The area of 195 has been tested and with each retracement it has reduced in distance, simply, as this level has been repeatedily tested the shorts orders are reducing. Meaning when we get another touch, the bulls with most likely have more pressure to break through that level.
JPYBASKET
- The JPYBASKET last week broke the daily lows of 6,480 and has not been able to break 6,500 OB. If price rejects the 6,500, we can easily see price hit the first OB drawn out. The downside potential is large on JPYBASKET if it holds 6,500 and that where my second long target comes from.
Fundamentals
- The United Kingdom and there first labour government of 14 years will be announcing there first budget on the 30/10/2024, this will detail any tax increases/reductions, public spending and current economical situation. I believe it to be bearish for the GBP, so price will be driven as high as possible to maximise shortfall.
I have entered at Long at 194.500 with an SL at 194, 200 (30pips)
Goodluck and comment down below your thoughts.
GBP/JPY H4 | Approaching multi-swing-high resistanceGBP/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 195.32 which is a multi-swing-high resistance.
Stop loss is at 196.14 which is a level that sits above the 127.2% Fibonacci extension level and a swing-high resistance.
Take profit is at 193.63 which is a multi-swing-low support that aligns with the 50.0% Fibonacci retracement level.
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GBP/JPY Short Setup - 1H TimeframeI'm Looking to short GBP/JPY from the 195.15 resistance level, with a Stop Loss at 196.20 to account for potential spikes above the recent highs. My strategy includes moving the Stop Loss to breakeven (SL to BE) once Take Profit 1 (TP1) at 194.08 is hit to lock in some profits safely.
The trade includes multiple Take Profit (TP) levels:
Take Profit 1 (TP1): 194.08 – I’ll move my SL to breakeven once this level is hit, reducing risk and locking in the position.
Take Profit 2 (TP2): 193.35
Take Profit 3 (TP3): 191.97
This setup allows for a favorable risk-to-reward ratio, especially if the pair respects the resistance level and follows through with a reversal. The Stop Loss is placed to protect against potential bullish continuation if the market breaks the current structure.
Gbpjpy long idea continues… Well that was a close one for my SL , let’s continue this bullish push up hopefully a big move today as it’s been building up for a few days now
#GBP/JPY 4HThe GBP/JPY 4-hour chart is showing the formation of a triangle pattern, which is typically a continuation or consolidation pattern. This pattern suggests that the market is experiencing a period of indecision, as buyers and sellers battle for control. In this case, we are seeing lower highs and higher lows converging into the apex of the triangle, indicating that the price is squeezing into a tighter range.
Forecast: Sell
Given the overall market sentiment and technical analysis, a **bearish breakout** from this triangle pattern is anticipated. If the price breaks below the lower trendline of the triangle, it could signal a strong selling opportunity. Key factors supporting this sell forecast include:
1. Downtrend Continuation: If the previous trend was bearish, a breakout to the downside aligns with the continuation of that trend.
2. Volume: A spike in volume upon the breakout is expected to confirm the sell signal.
3. Key Support Levels: Watch for the price to test and potentially break key support levels after the breakout.
It's important to set proper risk management levels, including stop-loss orders just above the upper trendline in case of a false breakout, and to monitor the market for any significant news events that may impact the currency pair.
GBPJPY SELL PROJECTION GBPJPY was in an uptrend but broke out and we can see limited touches with weak uptrend forming a triangle 📐 and we can see a breakout and retest to zone so we expect a sell
GBPJPY trade idea... i analyse based on swap zone snr and b zone..which ever breakout first.. plan your trade..
