GBPJPY trade ideas
GBPJPY SELL PROJECTION GBPJPY was in an uptrend but broke out and we can see limited touches with weak uptrend forming a triangle 📐 and we can see a breakout and retest to zone so we expect a sell
GBPJPY trade idea... i analyse based on swap zone snr and b zone..which ever breakout first.. plan your trade..
GBP/JPY Potential SellHI Traders!
1.HTF Correction after bearish Impulse
2.LTF Bearish Impulse
3.LTF Correction Structure
4.Breakout and bearish correction
Wait for the breakout from the current correction to confirm this setup
GBPJPY LONG SETUPGBPJPY 30 MIN TRADE
Looking to buy in the 192.00-192.600 long area with target 196.88
Trade Recap: USDJPY - LONG, 10/10/2024UJ Bias Analysis: After being stopped out at BE on the existing position, price protracted lower prior to NY session and into 1H range EPD (Both minor & major) and mitigated a 15M OB which aligned with a retest of the previous day's true open. Long positions as a re-entry were executed after entry confirmation was received.
Grade: High Quality Valid
What I did well or could've done better:
- I was perhaps too optimistic with my take profit level and should've set TP at the 4H EQH's on the original position.
- I was able to spot the long opportunity shortly after being stopped out and while I was fearful of the outcome at execution, I followed the plan and placed the trade.
GBPJPY buyBritis pound vs Japanese Yen is has completed its downward 👇 rally now price is going towards its Support level first it will take support then will start rally upwards to its Resistance level as we can also see price is pretty much consolidating inside support and resistance level of 1H so we will be deciding its direction upwards as SMA 50 on 1H is showing its gj will go down so we will wait until break above of the range
Buy on GBPJPYI am entering along position on GBPJPY (after a small correction) for the following reasons :
- RSI/MA Cross
- previous support
- trending bullish channel
- the bollinger bands are tight and might respect the trend
We might consider a short if the bullish trend if over, i'll share a good entry if it happens.
GBPJPY Sell Trade Activated Oct 10 2024Supply Zone introduced since October 4 2024: this is just a continuation of analysis in gbpjpy using daily supply, 4h supply and 1H supply. Sell limit was activated during Asian session. Aiming for 4:1RR. This was a product of multi-timeframe analysis including lower timeframes. Always looking for validity and not market execution trading.
Intraday may look liked difficult but getting used to charts within 600hrs of discipline will give you an EDGE.
#supplyanddemand
#proprietarytrader.
GBP_JPY BULLISH BIAS|LONG|
✅GBP_JPY is trading in an uptrend
And the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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GBPJPYGBPJPY for some days has been trending upward making new higher highs and lower lows. From the current lower low of 192.884, i expect GBPJPY to make a move higher so as to create a new higher high.
GBPJPY Will Grow! Long!
Take a look at our analysis for GBPJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 194.626.
The above observations make me that the market will inevitably achieve 198.717 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPJPY 4H Breakout Pattern!Drawn up as a rising wedge which indicates bearish usually.
I can draw it up as an ascending triangle but looks more like a wedge.
Expecting Bullish continuation but keeping an eye out for bearish.
gbpjpyI think gbpjpy will give us a good buying opportunity once the triangle breaks, the first target is 197,600 and the second target is 201,000.
GBPJPY Heading to the Channel's Top. Sell alert.The GBPJPY pair has been trading within a Channel Up pattern since the August 05 bottom. The price is above both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) and has already made a Higher High on September 27, which was immediately sold by the market.
Based on the previous peak formation of the Channel Up though, we could see a Double Top Higher High rejection in the coming days like the one on September 02. The 1D RSI made a Higher High also before the start of the September Bearish Leg, and right now it hasn't done so.
As a result, we will wait for a short opportunity a little higher and then target the 0.618 Fibonacci retracement level (like the September 11 Low) at 188.800.
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Reversal signal on GBPJPYReversal signal on GBPJPY
Engulfing signal on GBPJPY at 4H chart,
which is also the supply zone at 4H chart.
Therefore, sell GBPJPY around 195.15
SL: Above 195.73
TP1: 193.85
TP2: 192.85
GBPJPY LongsEntry on the 4H basing zone with sl below the 0.5 fib of the last impulsive move on the 4H tf. Targeting the high of the previous big swing low.
GBPJPY long ideaRight now for me GJ is abit risky to trade as it’s not taken the higher tf LQ, plus lots of red news today.
I’ll only go into longs once it pulls back to my area of entry to take the lower LQ.
My target will be the next daily high.
This is not a signal just my idea and personal log
GBPJPY Clear Double Bottom formation the Pair formed confirmed double bottom formation after penetration the neckline and retaste it with hammer candle stick and moving forward towards the target of the formation at 207 price range
LONG GBPJPY TradeGJ on on a Pro Impulse on the Daily. Making the 4H immediate bias bullish. On the 1H GJ couldn't break the i-CHoCH instead wicked it. Therefore GJ is still on a Bullish momentum targeting the 195.613 price.
GBPJPY BUY TRADE Oct 8 2024This trade comes to fruition after checking for manipulation of lows using 4H-1H-30min-15min.
Allowing me to activate the said pending order -Buy limit during London session (metatrader 4 platform) . I marked that demand because using the order flow, I can see enough evidence to go long. Risking 0.5% of the capital. Every trade that I initiate comes from the basic idea of supply and demand.
(please check the attached charts for a detailed structure of entry and exit points)
Always be patient and look for proof before you put pending order.
GBPJPY View!!"I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively, and then get rinsed. Over and over," said Donnelly, president at Spectra Markets and a veteran FX trader.
"With big picture carry momentum halted by the MXN move, and yields already softening substantially this week, the downside in CADJPY and USDJPY on a weak release are most interesting. CADJPY looks 200 points too high to me," he added.
Double bottom GBPJPYDouble bottom breaks out on GBPJPY. Potential trend reversal to bullish trend with price staying above moving averages.
