Gbpjpysell
GBPJPY, TIME FOR THE BEARS TO RUN?Hello Traders,
After the break on the bigger structure in GBPJPY, we have set our eyes in a potential short position, with a second correction settled, now will be the perfect opportunity to enter, but, before doing so, we would like to see the 3rd touch in the correction, followed by a Doji or some kind of retracement in the 15/30M charts.
We have our eyes set at the 141.00 mark, but to achieve that price we will need to break the support level, all tho, we can make an easy 100 pips by entering the 3rd touch.
If you fail to miss the entry in the 3rd touch, you can look for an entry after the correction is broken, the risk/reward will not be as good, but you will still be able to get a good 1/2!
Best of lucks,
GlobalYouthTrading
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GBPJPY - WEEKLY SWING - 12. MAR. 2019WELCOME TO DACAPITAL-TRADING!
GBPJPY FOREX BREAKDOWN 12 MAR 2019
1 HOUR
Skyrocket in GBP Pairs, greed kicks in to people.
4 HOUR
We need a pullback to the downside, too much pressure!
DAILY
Bullish market need to turn bearish now!
LEVELS
SELL GBPJPY
ENTRY @ 147.110
SL @ 148.640 (150 Pips)
TP @ 144.860 (230 Pips)
RR: 1.50, use half of normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow
We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now...
We see that the M30 TF has broken a level of support.
I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form
OR
it break the support that it is currently at right now... Again retest the broken area and strike!
145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
GBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNowGBPJPY: BEARISH TP: Intra to 145.5 - 200 Pips #Forex #FxProNow
We have seen GJ push for a while to the upside without a retrace or break of Structure on any significant TF, until now...
We see that the M30 TF has broken a level of support.
I would wait for either we see a nice retrace to 38.2 on that M30 Break then a nice bearish engulfing form
OR
it break the support that it is currently at right now... Again retest the broken area and strike!
145.5 is our target because it is at least 38.2 on Fibs for the H4 TF's move.
SHORT Strong opportunity on GBPJPYFX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591 ...
Strong opportunity on GBPJPY FX:GBPJPY reached a critical point today, big resistance at this point as it is an intersection between a downtrend and 50% fibonacci resistance ... we will go down for sure, with an entry on 142.450, a stop loss on at 143.988 (23.60% fibonacci) and a first target at 141.002, a second target at 139.512 and 3rd target at 138.591
GBPJPY - 250 PIPS+ SHORT OPPORTUNITYDo not open any trades yet, wait for second high test. No trades have been opened yet, waiting for the confirmation.
GBPJPY has broken under the 4H 50 EMA and is failing to recover back on top of it. After a drop in prices, it recovered and did a high test (Prices pushing up in a short trend but failing to break the resistance (4H 50 EMA).
We can expect a drop and break of the 200 EMA to happen eventually. Wait for another high test (Green candle with tick only on top of body) to confirm this pair is going to drop. Once the pair makes another successful high test, we can short it and put our SL above the 4H 50 EMA.
Trade safe.