List of confluences: 1: Trendline Breakout 2:Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that GBPJPY remains bearish . We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 2 reasons as to why we will be looking to short/...
looking at sells as GBPJPY rejects the previous high, potential double top entry however we're cautious about a fakeout to grab liquidity before a real move down. We will see what price does and manage risk based on that.
gbpjpy as per the supply above seems to go bearish and may target the liquidity first and then could go further down. as of now targeted level is below the liquidity area $.
Here are my thoughts on a potential sell on GBPJPY. Feel free to watch the video to hear my reasoning.
-DXY is appears to be bullish so I am looking to go long on USD. -GJ and GU have a strong correlation and I am bearish GU so I am also bearish GJ -On the weekly TF you will see price made a bullish push to the upside followed by last week candle that displayed a lot of bearish pressure and closing as a somewhat inverse hammer. -Although price did make a...
If the current 1hr stick ends bearish, it will give a strong sell signal, as we would have possibly broken the support level that has kept us in consolidation, broke yesterday's low, retested that low, then giving a possible engulfing stick going short as an entry stick.
Hello! We have seen some consolidation for some weeks now on GJ before the quick push to the down side to define our structural bias for this pair. Seeing how we have formed a clear CHOCH or BMS on the higher timeframe we will be looking to see the JPY gain strength in this coming weeks, that having been established we now look to a strong supply zone from where...
GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
Sell GJ now, dont ask questions, just sell lol. Been in consolidation, but we are currently ready for a sell
after rejection of the price at the level of the supply zone we will see a down trend towards the demand zone by filling the balance between them
After a break of US session low, we are looking for a retracement and another bearish leg on this pair.
GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
Generally, a good time to trade GBP/JPY is when the markets in London and Tokyo are both open – between 8am and 9am (UK time). That's when GBP/JPY is at its most liquid, meaning you are likely to get tighter spreads and better prices.
GBPJPY analysis: Due to the weakness in the upward movement and the failure of the upward trend in time H1. A downward trend was formed and we entered into a sell transaction at the ceiling of the downward trend . . price: 162.350 SL: 165.400 TP1:158.600 TP2: 155.950 . . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 10.7.2022
Bearish daily bias. Entered after price ran up to take out buy stops and rejecting a key level. Entry based on 2 minute price action.
GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
GJ forming possible a double bottom at strong support for the new york reversal, and possible buys to the next zone, for a bullish continuation.
Overall I'm bullish on the day, but this was an opportunity to take a short for this pullback to the daily support and demand zone.