GBPJPY SELL PROJECTION GBPJPY has fulfil is project of going Long, it broke out and retested and went long to a supply zone, I advise we short now
JPYGBP trade ideas
GBPJPYA large zigzag before it dumps to new lows. The move is anticipated to be similar to the first sell-off.
Price has retraced to the strong resistance zone, that is 62-78% Fibo retracement. Need a confirmation, at this point the risk is too high.
Trade safe
GBPJPY wave structure analysis on 15 minute and 4 hour timeframe4H swing is bearish.
M15 swing is bearish => current is pullback.
The current price is in the supply zone of the 15-Minute Timeframe, so we can look for a selling opportunity in this zone.
GBPJPY Possible moveDue to the price closing just not above our ChocH and the impulse from the Choch created taking out major precious levels , we are likely to experience more bearish movement from GBPJPY. Risk management is emphasised and this is not trading advice !!!
Bullish pressurePound Yen is currently pulling back up and has or is currently bouncing from the immediate resistance. Stability above 195.250 will continually push the price up. Break below, this barrier may continue downward momentum.
GBPJPYThe GBPJPY should continue its upward trend into November, so we'll see what the month has in store for us.
GBPJPY Sell OpportunityD extension completed and sold off to 195.37. Price has retraced to the 50 ema/ 61.8% fib level to restart the ABCD pattern.. Looking for price to continue down to 194.5 ish to complete another D leg extension.
GBPJPY Sell Opportunity!I am expecting a downward move. My sell zone is the yellow box. You can try.
Possibility of changing the trend It is expected that after some fluctuation and rise, a trend change will take place and we will witness the beginning of a downward trend. If the price crosses the red resistance range, the above scenario will be invalid
GBPJPY - LongLooking for longs after yesterdays strong move to the downside. Tapped my buyzone and now looking for continuation towards the upside.
GBPJPYIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
GBPJPY is BearishPrice was in an uptrend, however a matured bearish divergence seems to be at play on four hourly time frame as previous higher low is broken. If the bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Bullish movementGBPJPY is bullish on the monthly time frame so we wait for the pullback to be complete before the next bullish run
Fri 1st Nov 2024 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPNZD on strong bullish Supply Zone Looking at the chart the marking is currently laying on a strong zone which we expect the price to restest the previous supply zone which comes exactly on 0.618- 0.5 fib level to give a perfect entry for short entry
Swing Trade Idea#3Price has now break below strong support/resistance (supply and demand zone), a very well respected area. Now we wait for the price to retest the supply zone to sell. A easy 1:2 RR is the target or swing trade for high RR.
GBPJPY BUY PROJECTION GBPJPY is in a demand zone with due to the news earlier price is gonna go long. Checking also there's a breakout and retest to the zone to go long.
GBPJPY to next resistanceHi all,
GBPJPY has been tanking heavily today in which our next resistance point is looking at 195.50 TP.
Any thoughts?
Scenario GBPJPYQuickly draw a situation where the price was unable to break through the support and I can consider the correction to be over or I can wait for some more pullback but then I will lean towards a short position
GBPJPY - LongStopped out on the first idea but got confirmation on a new long idea on GBPJPY. Lets see how this one will play out!
GBPJPY - LongLooking for longs on GBJPY. After taking out the daily lows of this week it looks like GJ can continu it's trend up towards the weekly high.
