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British Pound / Japanese Yen

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GBPJPY trade ideas

Trade Recap: GBPJPY - SHORT, 19/11/2024GJ Bias Analysis: Price, still trading at a 1D premium, the pro-trend had been established on the 4H timeframe and short entries were in line with the bearish 1H range. Equilibrium was achieved relative to the minor swing after price protracted higher and a short entry executed after entry confirmation was received. Grade: High Risk What I did well or could've done better: - I was too risk averse when using discretion in the management of this position, which led to being stopped out at BE before an aggressive sell off to TP.
Short
by The_Modern_Day_Trader
1
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPJPYHello Traders, Here’s my analysis for this currency pair. Feel free to leave any questions or comments below. Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities. Pro Tip: One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
Buy OpportunityKey Levels: Support Zone: Around 194.292 and below, near 193.708. Resistance Levels: Intermediate: 195.562 Final Target: 198.446 Strong support at 191.875, as indicated by the historical low. Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain. Indicators: Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal. Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support. Risk-Reward: Entry: Around 194.375. Stop-Loss: Below 193.131, to account for false breakouts. Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
Long
by GODOCM
1
GBP JPY buy Based on the current GBP/JPY price of 195.892 and integrating insights from the provided PDF materials and the Pine Script trend strategy, here's a detailed analysis for potential trade setups: 1. Trend Analysis Zero Lag Trend Indicator: On the M5 and M15 timeframes, the Zero Lag Trend Indicator signals a bearish trend, with the price trading below the Zero Lag EMA and recent bearish crossovers. On higher timeframes like H1 and H4, the trend remains bullish, indicating that the current bearish movement on lower timeframes may be a retracement within the broader uptrend. Multi-Timeframe Confirmation: The alignment of bearish signals on lower timeframes and bullish signals on higher timeframes suggests a potential buying opportunity if the price reaches a significant support level and shows signs of reversal. 2. Key Levels Identification Support and Resistance: Support Levels: 195.500: Recent swing low and a psychological support level. 195.000: A round number and potential strong support. Resistance Levels: 196.500: Previous swing high and potential resistance. 197.000: Another round number and resistance level. Order Blocks: A bullish order block is identified around 195.500, indicating potential institutional buying interest at this level. 3. Liquidity Zones and FU Candles Liquidity Grabs: Potential liquidity exists below 195.500, where stop-loss orders from retail traders may be clustered. FU (Fakeout) Candles: On the M5 timeframe, a bullish FU candle is observed near 195.500, suggesting a possible reversal and trapping of bearish traders. 4. Entry, Stop-Loss (SL), and Take-Profit (TP) Strategy Entry: Long Position: Consider entering around 195.600 after confirming support at 195.500 holds and observing bullish reversal patterns (e.g., bullish engulfing candle). Stop-Loss (SL): Place the SL below 195.000, at 194.900, to protect against potential false breakouts and account for market volatility. Take-Profit (TP): Set the TP at 196.800, near the next significant resistance level, maintaining a 1:3 risk-reward ratio. 5. Example Trade Setup Scenario: Current price: 195.892. Bearish trend on lower timeframes; bullish trend on higher timeframes. Plan: Entry: 195.600 (after confirming support at 195.500). Stop-Loss (SL): 194.900 (below 195.000 support). Take-Profit (TP): 196.800 (near resistance). Risk-Reward Ratio: 1:3, where the risk is 70 pips (195.600 - 194.900), and the reward is 120 pips (196.800 - 195.600). 6. Additional Considerations Market News: Monitor economic indicators and news related to the British Pound and Japanese Yen, such as interest rate decisions and geopolitical events, as they can impact volatility. Risk Management: Risk 1-2% of your trading capital per trade to ensure sustainable trading practices.
Long
by priceactionindonesia
GBP/JPY 1H - Bearish Setup Awaiting Liquidity ClearanceIn this GBP/JPY 1-hour chart, we are preparing for a potential bearish trade setup based on liquidity principles from ICT (Inner Circle Trader) concepts. Here's a breakdown of the key elements: Market Structure and Bias The chart shows a clear bearish bias, as noted by the significant down move, but no short positions should be taken until the Buy-Side Liquidity (BS) above is cleared. This liquidity is within the premium zone of the recent range, and smart money may push prices higher to fill orders and grab liquidity before resuming the bearish trend. Liquidity Targets The Buy-Side Liquidity (BSL) is highlighted above the current price, showing that there are likely stop-loss orders and pending orders above this level. Price is expected to gravitate towards this liquidity before any significant downward movement. Additionally, during the Asian session, we see a liquidity grab, which could indicate that the market makers have engineered a move to take out weaker hands before continuing higher into the premium zone. Optimal Trade Entry (OTE) The Fibonacci retracement tool has been applied to the recent swing high to swing low. The 61.8% - 70.5% retracement levels coincide with a Bearish Order Block, offering a potential area for the market to reverse lower. This area of confluence adds to the potential for a high-probability short setup once the BSL is cleared. Change of Character (CHOCH) A Change of Character (CHOCH) is present, showing that the market has already given an early indication of a potential reversal to the upside. This CHOCH supports the idea that the price may need to grab buy-side liquidity above before continuing the bearish trend. Bearish Continuation Setup Once the buy-side liquidity is taken and price enters into the premium zone (61.8% - 70.5% Fibonacci retracement), we expect a bearish continuation. This aligns with the overall market structure and liquidity principles. Execution Plan Entry: Wait for price to clear the buy-side liquidity and enter the premium zone (61.8% - 70.5% Fibonacci retracement) before considering short positions. Stop Loss: Place stops above the 78.6% Fibonacci level, protecting against a deeper liquidity grab. Take Profit: Target the sell-side liquidity below, with the potential for extended targets lower if the bearish trend continues.
Short
by Cephas_John_
Called this trade out in my tele onlyThesis: The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs. Key Steps in Analysis: Retested the 1-hour bullish OB at 195.665. Observed a bullish CHOCH (Change of Character) on the 5M/15M chart, confirmed by a body candle close above. Retested the bullish CHOCH level, providing an optimal entry to capitalize on buys toward the 196.800 target level. Entry: Entered long within the FVG region, aligning with the 0.62 Fibonacci retracement level and the bullish CHOCH retest. Take Profits (TP): TP1: Set at the 0% Fib level. TP2: Positioned at the -50% Fib level for extended targets. Stop Loss (SL): Placed below the recent displacement low to ensure proper risk management and invalidate the trade if the structure failed. Outcome: The trade executed as planned. Price respected the bullish structure, completed the move toward 196.800, and achieved both TP1 and TP2. This validates the robust thesis and disciplined execution.
Long
by MotesTrades
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBP/JPY Analysis on the 15-Minute ChartThis chart highlights a potential bullish setup on the GBP/JPY pair based on key FTR levels and market structure: Upper FTR Levels: The red shaded areas near the 197.00 level represent significant upper FTR zones, where the price previously failed to maintain upward movement, leading to reversals. These levels act as key resistance zones to watch. Lower FTR Levels: The blue shaded areas around 194.50 mark strong lower FTR zones, where prior price action reversed sharply upward, indicating key support areas. Trade Setup: A buy position is active with the entry near 195.733. The green zone represents the take-profit target, located near the upper FTR level around 197.00. The red zone shows the stop-loss, placed below the lower FTR level at 195.20 for risk management. Current Market Context: The price has rebounded from the lower FTR zone around 194.50 and is now consolidating above the entry point at 195.733. A continuation toward the upper FTR level is anticipated if bullish momentum persists.
by Mustafe9_Mohamed
GBPJPY Sellers In Panic! BUY! My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 195.83 pivot level. Bias - Bullish My Stop Loss - 194.63 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 197.81 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
UPDATE ON GBP/JPY TRADEGBP/JPY 4H - As you can see this pair has played out exactly the same, telling us that there is weakness across the board with the Japanese Yen. I am wanting to see this weakness come to an end. You can see the area we have marked out above, giving us an area we could look to take profit from. Once price trades in its important we look to take profit and prepare for the down move. This trade is currently running + 69 pips. (+ 2.8%) 2.8RR If price continues to trade through this area and absorb price then that would give me the impression that price may want to trade higher up and into the last buy to sell region above before moving lower. Its important we wait for all pieces of confirmation before we look to execute any trades we are wanting to place, giving us the highest probability of being successful.
Short
by Lukegforex
GBP/JPY Technical Analysis and Trading Plan for Next Week1. Elliott Wave Structure Overview: Wave Count: GBP/JPY is analyzed as being in the later stages of a larger impulse wave cycle. Specifically, it suggests that Wave 5 of the broader uptrend is nearing completion. Wave Labels: The internal structure of the ongoing corrective pattern is marked with sub-waves (i, ii, iii, iv, v). The chart highlights that GBP/JPY may be forming a corrective wave (1)-(2)-(3) sequence within Wave 5. 2. Fibonacci Projections and Key Levels: Extension Levels: Key Fibonacci extension levels such as 2.236 (213.660) and 2.618 (218.783) are used to project potential targets for Wave 3 and Wave 5. These levels signify areas where price momentum might decelerate or reverse. Retracement Levels: The retracements, particularly 0.618 (195.148) and 0.382 (202.215), indicate zones where pullbacks might find support, validating a potential Wave 4 correction before the final push in Wave 5. 3. Confluence Zones: Support and Resistance: Key zones like 208.117 (the most recent swing high) and 192.482 (an important invalidation level) are critical. Price action at these levels will provide insights into whether GBP/JPY will continue its upward trajectory or reverse course. Dealing Range and Volume Analysis: The upper resistance at 211.895 is marked as a dealing range, where volume divergence is noted, indicating a potential exhaustion point for Wave 5. 4. Harmonic Patterns: AB=CD Pattern: An ABC corrective structure within a potential bullish continuation is highlighted. The specific retracement levels of 0.786 and 1.272 are pivotal, suggesting where the current consolidation might terminate before a breakout to new highs. Complex Corrective Wave: The analysis suggests a possible shallow or sharp Wave 2 correction within the larger wave, implying a short-term retracement that aligns with harmonic and Fibonacci confluence. 5. Market Invalidation and Risk Management: Critical Invalidation Level: The chart denotes 192.482 as the key invalidation point for the current wave count. A decisive break below this level would invalidate the anticipated bullish wave structure and prompt reevaluation. Stop-Loss Placement: Traders may place stop-loss orders just below 192.482 to protect against downside risk, maintaining a risk-reward ratio aligned with potential targets at the 2.236 and 2.618 extensions. 6. Projected Scenarios: Bullish Scenario: If GBP/JPY holds above 195.148 and breaks past the 208.117 resistance, it could target the 2.618 extension (218.783) as the final phase of Wave 5. This move would align with an extended impulse wave, suggesting strong bullish momentum. Bearish Reversal: Failure to maintain support above the 0.618 retracement (195.148) or a break below the invalidation level (192.482) could signal a deeper corrective phase, potentially transitioning into a larger Wave A of an ABC correction. 7. Trading Plan for Next Week: Entry Strategy: Monitor the price action near the 0.272 (205.508) and 0.382 (202.215) retracement levels. If the price consolidates and shows bullish rejection at these levels, consider a long position with tight stops. Confirmation for Entry: Await a break and close above 208.117, supported by volume analysis and momentum indicators, to confirm the continuation of Wave 5. Profit Targets: Set initial take-profit levels at 213.660 (2.236 extension) and extend them to 218.783 (2.618 extension) for a larger move. Risk Management: Place stop-loss orders below the 192.482 invalidation point to minimize potential losses. 8. Additional Observations: Volume Divergence: The projected end of Wave 5 shows a volume divergence signal at 211.895, implying that momentum might taper off as it approaches this level. Wave Subdivision: The chart highlights minor sub-wave structures that need to form (e.g., sub-waves long 2 and short 4). A successful completion of these sub-waves adds confidence to the upward continuation scenario. Key Takeaways: Primary Outlook: Bullish continuation with close monitoring of retracement levels for potential entries. Risk Levels: Watch for breaks below 195.148 and 192.482 as critical bearish signals. Targets: Focus on 213.660 and 218.783 for Wave 5 completion, aligning with potential exhaustion and confluence zones.
Long
by spaceangel