British Pound / Japanese Yen

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British Pound / Japanese Yen forum

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GOLD BTCUSD GBPJPY EURUSD To Become Successful Trader Follow These Habits
1) Manage Risk Use Small Lots Size And Always Set a Stop Loss
2) Keep Learning Learn From Mistake And Improve Your Strategy
3) Stay Disciplined Create a Trading Plan And Stick To It
4) Control Emotions Don't Make Decisions Based On Fear or Greed


GBPJPY hold this buy for 2hr now ... GJ volume took a break for 2 days now lol



GBPJPY GBPJPY Update:

*TP1 HIT!*

- 20 pips profit booked!
- Trade unfolding smoothly!

Next target: TP2 (188.800) Let's go!

GBPJPY
๐ŸŸข Intraday Buy Trade Setup

Entry: 189.151 ๐Ÿ“
Stop Loss: 188.620 ๐Ÿ›‘ (Below 78.6% Fib level)
Take Profit 1: 189.769 ๐ŸŽฏ (61.8% Retracement Zone)
Take Profit 2: 190.300 ๐Ÿš€ (Daily Swing High Confluence)

Reason for Entry:

Price aligns with 61.8% Fibonacci support (retracement from swing low 185.90 โ†’ high 192.40).
Bullish reversal candlestick (hammer) confirmed on 1H timeframe.
Confluence with strong horizontal support at 189.00โ€“189.20.

๐Ÿ”ด Intraday Sell Trade Setup

Entry: 189.769 ๐Ÿ“
Stop Loss: 190.450 ๐Ÿ›‘ (Above 38.2% Fib Extension)
Take Profit 1: 189.151 ๐ŸŽฏ (Daily Pivot & 50% Retracement)
Take Profit 2: 188.500 ๐Ÿš€ (200-period EMA on 4H Chart)

Reason for Entry:

Resistance at 38.2% Fibonacci level (extension from swing high 192.40 โ†’ low 187.80).
Bearish divergence between price and RSI (4H chart).
Cluster of previous swing highs near 189.70โ€“190.00 zone.

GBPJPY buy now entry point 189.300

TP1. 189.700
TP2. 190.000
TP3. 190.500

SL. 189.000

GBPJPY Why sell if we are in a uptend and not BOS to the downside