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British Pound vs Japanese Yen

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GBPJPY.P trade ideas

GBPJPY: Day 3 breakout traders long!Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: this is currently my main thesis at the moment, the market itself is still inside the previous weekly range, but in the new week is pumping higher making constantly higher highs and higher lows. Day 3 breakout traders long is a signal that depending on the template can explode in the direction of the trend or reversal. However, yesterday the market closed out of balance and today it can still keep going higher targeting the previous HOW, completing then 2 weeks of dump and pump template. Today, Asia placed a higher high into the yesterday HOD and is currently retesting the most recent low. FOMC and other news are in schedule for the day, but if the price will consolidated around the current level, I would be willing to take this long opportunity for 100+ pip. Short: at the moment I'm not interested in the short scenario, unless the market will pump back up into the closing price of yesterday, consolidating for a short trade opportunity which I will consider only a scalp, eventually back into the current LOD. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
by GianniPichichero
15
Buy GBP/JPY Triangle BreakoutThe GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 197.44 Target Levels: 1st Resistance – 199.20 2nd Resistance – 200.20 Stop-Loss: To manage risk, place a stop-loss order below Support Zone. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
9
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
3
Detailed Analysis of GBP/JPY (1H) Chart 1. Harmonic Patterns (Likely Bat or Gartley) The marked points labeled "A", "B", "C", and "D" form a harmonic pattern. Harmonic patterns use Fibonacci retracement levels, often aiming for precision with levels like 0.618, 0.786, and 1.618. The Fibonacci retracement values are visible on the chart (e.g., 0.618 and 0.786), indicating key levels where price is expected to react. 2. Elliott Wave Count The chart shows a likely Elliott Wave count, where the current structure is labeled with Roman numerals (I, II, III). Wave III has an extension, typically a strong impulse wave, often exceeding the 1.618 level. The labeling around these waves helps identify potential entry or exit points based on the wave completion and correction expectation. 3. Fibonacci Extensions and Retracements The levels labeled 1.618, 1.786, and 2.000 are common Fibonacci extension levels used to project possible reversal points. The "CONFIRMATION" level at 1.618 suggests that if price reaches this, it aligns with a wave target, while the "INDUCEMENT" level at 1.786 might serve as a stop-loss area or profit target. These levels indicate areas of confluence where traders expect significant support or resistance. 4. Volume Profile and Inducement Levels There’s a volume profile along the left side of the pattern, giving insights into where most trading volume occurred during the price movements. "Inducement Wave 3" suggests a likely resistance zone that could trap traders or lead to a reversal. 5. Zones of Confluence The shaded red and green zones highlight areas of high confluence, where multiple technical factors align, often strong areas for potential reversals or breakout setups. For example, the zones above Wave III are potential resistance levels, aligned with key Fibonacci extensions. 6. Trade Setup Labels Labels like "LONG 2 SHORT 4" and "SHARP 2 SHALLOW 4" indicate potential entry points or setups. They suggest specific plays based on wave structure, where "LONG" and "SHORT" relate to anticipated corrective patterns. 7. Invalidation and Risk Management "INVALIDATION WAVE 0" shows a critical level where the trade idea or wave count would be invalidated if price breaches it, an essential risk management tool. Key Takeaways This chart combines harmonic patterns, Elliott Wave, Fibonacci levels, and volume analysis, aiming for high-probability trade setups. Focus on high-confluence zones like 1.618-2.000 Fibonacci extensions for entries/exits. Manage risk by setting invalidation points and noting potential inducement areas to prevent getting trapped.
Long
by spacedevil
5
GbpJpyExploring the GBP/JPY pair, a popular currency combination known for its volatility and responsiveness to global economic events. This pair typically reflects broader economic trends between the UK and Japan, influenced by factors like interest rate changes, geopolitical developments, and economic data releases. I analyze GBP/JPY through a blend of technical and fundamental analysis, considering recent policy adjustments from the Bank of England and the Bank of Japan. My approach highlights key support and resistance levels, potential trade setups, and the impact of risk sentiment on price movements, aiming to capture profitable opportunities while managing risk effectively
Short
by RubenK99
1
GBPJPY H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 197.38, which is an overlap resistance. Our take profit will be at 196.18, a pullback support level close to 78.6% Fibo retracement. The stop loss will be placed at 198.52, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1