GBPJPY BUY!!!!!GJ sentimental is bullish today, and early morning it just broke out of the Asian session high. Now, let go long
We first aim for 1:1 the 1:2 after securing some profits
JPYGBP trade ideas
GBPUSD : TrendlineTwo days ago, I posted the chart above. I mention the STRONG bearish channel.
And I also mentioned that those lines I drew are NOT trendlines.
If you ask me what happened now, I would still answer the same.
But what do you think Trendliners would do now? Many would proceed to BUY because their favorite line shows them that the price is BULLISH. Buy and get fcuk.
This is one of the biggest errors when using trendlines.
a) Do they expect things to remain the same?
b) Do they not think the line may have shifted?
So, think again whenever you think of trusting your TRADE and MONEY with trendlines.
Want to know what the new line looks like?
Good luck.
Reanalyzing GBPJPY for the weekLow of the week is usually made with Tuesdays distribution candle.
Based on that knowledge my bias is switching to bullish for now.
Price appears to be creating a weekly CR trade.
If price pulls back to this breaker on the 1 h which is close to the NDO (New Day Open) I'm looking to buy it up to the 50% of weekly CR trade.
GBPJPY - BUYBearish Trend line breakout on 1H TF with Bullish Divergence. I am looking for long side entry at above 190.5. with Risk reward ratio of 1=1
GBPJPY LONG TERM BUYBearing in mind that GJ is still bullish on the Higher Time frames, the bearish moves since last week is just a retracement and it's currently sitting at an area that has the daily bullish 61.8fib, the H4 low and also an area of Support Turned resistance and also the ascending trend line. The entry confirmation will be a change of Structure and then a pullback to atleast the 50fib level.
It's most likely going to be a long buy.
GbpjpyUSD/JPYhas regained 150.00 in Wednesday's Asian session, looking to extend the latest leg higheer. Increased haven demand for the US Dollar on growing tariff war fears underpins the pair despite bets for a December BoJ rate hike. US ADP data and Powell's speech are eagerly awaited
GBPJPY PRINTING REVERSALTechnically:
GBPJPY printing double bottom
GBPJPY printing bullish divergence
GBPJPY - Look for Continuation Short (SWING) 1:6.7!The market is clearly shifting, with bears taking control. We just need to wait for the price to reach the right zone for a continuation toward the nearest demand zone to secure profits.
Let's see how the market reacts to this zone.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
GBPJPY : SELL CallI have open GBPJPY, Sell Trade. I open this trade because if VWAP. It's just touch the weekly VWAP and now It's going down
GBPJPY SELL IDEAMajor downtrend. retracement seems to be getting done. Lets see what happens during Tokyo session.
GBPJPYtrend is bearish
AB=CD is complete
print divergence at D point PRZ
Buy stop 190.692
SL:187.930
TP: 193.454
gbpjpy liq + fvgThe chart shows a bearish bias with a focus on further downside after a potential retracement upward to fill liquidity and FVGs. The pattern and marked zones support a scenario where the price moves to lower levels after testing key levels.
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 190.100 to 190.175, respectively, is highlighted.
Things I Have Seen👀:
Important Support Zone🟢: Identified between 190.100 and 190.175 serving as a low-risk sell.
Bearish Targets📉:
189.750: Possible retracement area.
189.500: Possible retracement area.
189.250: Possible retracement area.
189.000: Possible retracement area.
188.500: Possible retracement area.
188.300: Significant supply zone.
188.090: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
GBP/JPYHad a rejection from Previous Day Low
Market structure shift created
leaving behind a 15min OB+
Inside order block on 1min tf there is a fvg
stop loss below the 15 min order block
targeting the high of the 5am 4hour candle
GJ paper tradeIdentified the BOS that lead for the entry and target.
1. Went with the HTF direction bias
2. After a BOS we get a pullback
3. Identified potential areas of the max pullback
4. Place a SL and TP
GBP/JPY SELLIG ZONE TARGET 187.928GBP/JPY is experiencing a strong selling trend, with a potential target of 187.928.
Here are some key points supporting this target:
HELLO TRADERS WHAT YOU THINK GBP/JPY
- Downward Channel: GBP/JPY is trading within a downward channel, indicating a strong bearish trend.
- RSI Indicator: The Relative Strength Index (RSI) is below 50, confirming the bearish momentum.
- Support Turned Resistance: The previous support level at 190.50 has turned into resistance, adding to the downward pressure.
To maximize your gains, consider:
- Take-Profit: Set your take-profit around 187.928 to lock in profits.
- Stop-Loss: Place your stop-loss above 190.50 to limit potential losses.
Keep monitoring the market and adjust your strategy as needed.
GBPJPY SELL!!!Good day, gang
Early today, GJ broke out of European session low
Now, let's take a short position
We start off aiming 1:1, then 1:2, after securing some profits
Good luck, gang
GJ Still Looks BearishWe're looking to SELL again after the correction...
- Still creating LLs and HLs
- Broke and closed below daily TL
- Trading below major QP 190
Possible entry around 190.2-190.5 but only if you see some bearish price action at these levels
Conservative entry would be a break below 189.5
Stop Loss above 190.5
TP1 188.75
TP2 187.5
TP3 185
I will update if trade becomes active...
GBPJPY - Bearish OpportunityThe exogenous, endogenous, and leading economic indicators are decreasing for the pair GBPGPY. The COT report also shows that Net Non-Commercial positions are decreasing for GBP and increasing for JPY. One major factor is interest rate differential as GBP is decreasing interest rates while JPY increasing interest rates.
While looking technically, GBPJPY is in a bearish trend making LLs and LHs. Look for entry at the current price and place the SL on the previous 4H LH.
Sell IdeaA probable choice for sell if breaks the limit below with the intention of taking 1:1 and leave runners for more profit.
GBPJPY updatethis pair has formed a valid ascending channel with 3 touches on the below trendline and broke it and now its retesting it we can wait for a rejection and enter a sell position
happy trading peeps
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