GBPJPY - Short active ✅Hello traders!
‼️ This is my perspective on GBPJPY.
Technical analysis: Here I expect bearish price action as we could see that price filled the imbalance and rejected from bearish order block + institutional big figure 168.000. There are 2 imbalances lower which I am targeting.
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Gbpjpyshort
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX is slightly UP. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 172.50. Also, according to the GBPJPY STRUCTURE, before BUY, you can move up to the 164.05 SUPPORT LEVEL to the RESISTANCE LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
2023/04/19 13:00 GBP/JPY analysisPivot point: 166.59
Currently: Resisted at 167.86 and retraced back to 167.43
Reaction: Consolidating at this 165.75 level, its next support zone is 165.34
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GBPJPY SELLHey Traders!
Undercover Trading LLC
I will be sharing a setup I have been waiting on for weeks here in this space which is GJ, so for the past few weeks GJ has been on a clear downtrend and we have seen it clearly on the daily from November 2022 till date.
Having cleared our bais issue we now look forward to determining where the price will be retracing/swinging from which is a very big deal and 80% of the time we are correct. So in doing that we picked a POI which is an order block that broke structure to the downside around December 2022 which also has a lot of imbalances left to be filled. With our UCT extra confirmations checked on the order block, we selected that as our POI which we will be selling directly from.
But in any case, if you wish to minimize your loss and increase your reward on each trade it is always best to trade with the 50% rule than look for lower timeframe entries but mind you, you'll miss lots of entries.
That's it for GJ, cheers guys!!!!
In order to avoid so many re-entries that come with refinement in POI I always advise trading off of the POI itself rather than looking for lower timeframe entries which I consider time-consuming and a rollercoaster of entries.
Getting ready to go LONG on JPY - Looking at AJ, GJ & EJFundamentals and technicals pointing towards a strong Long on the JPY pairs
Currecny correlations between AUD/JPY, GBP/JPY, EUR/JPY & USD/JPY are all pointing to a reversal soon which further increases the probability of JPY strength and the short to medium term.
Let me know your thoughts.
Selling $GBPJPY here - adding another sell order Trade type AAA
Reasons for taking this trade:
- We had weekly supply zone.
- There is internal liquidity waiting to be cleared.
- 30 mins candlestick has closed bearish engulfing.
- We hit 30mins supply hence we got our reversal accumulation.
My previous idea is still in profit
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Sell GBPJPY SW 170423 10.00📌📌Signal Sell GBPJPY📌📌
Link :
📍📍Open order 166
Sell lim 1 166.5
Sell lim 2 167
Sell lim 3 167.4
Sell lim 4 167.9
Sell lim 5 168.4
Sell lim 6 168.9
Sell lim 7 169.35
Tp 163.4
Sl 169.9
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.15 lot
Buy/Sell lim 1 0.20 lot
Buy/Sell lim 2 0.25 lot
Buy/Sell lim 3 0.30 lot
Buy/Sell lim 4 0.35 lot
Buy/Sell lim 5 0.40 lot
Buy/Sell lim 6 0.45 lot
Buy/Sell lim 7 0.5 lot
Example
(3,000$)
Open order 0.04 lot
Buy/Sell lim 1 0.05 lot
Buy/Sell lim 2 0.06 lot
Buy/Sell lim 3 0.07 lot
Buy/Sell lim 4 0.08 lot
Buy/Sell lim 5 0.09 lot
Buy/Sell lim 6 0.10 lot
Buy/Sell lim 7 0.12 lot
Example
(2,000$)
Open order 0.03 lot
Buy/Sell lim 1 0.04 lot
Buy/Sell lim 2 0.05 lot
Buy/Sell lim 3 0.06 lot
Buy/Sell lim 4 0.07 lot
Buy/Sell lim 5 0.08 lot
Buy/Sell lim 6 0.09 lot
Buy/Sell lim 7 0.11 lot
Example
(1,500$)
Open order 0.02 lot
Buy/Sell lim 1 0.03 lot
Buy/Sell lim 2 0.04 lot
Buy/Sell lim 3 0.05 lot
Buy/Sell lim 4 0.06 lot
Buy/Sell lim 5 0.07 lot
Buy/Sell lim 6 0.08 lot
Buy/Sell lim 7 0.10 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
GBPJPY trend reversal GBPJPY
here we have a markup showing the last shifts from this pair, now we have shifted away from our last buy range formed we have a clue that we could be getting ready for a short move on GJ. just because we have this shift in ranges does not mean we are 100% going to bearish, so we will only be looking to take a confirmation sell from the supply zone highlighted above.
following our order flow back and tracking the volumes is showing sell side coming in strongest we have had in this current trend to date.
of course we will see how price plays out before hitting our zone if it does get back there!
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Sell GBPJPY SW 030423 14.25📌📌Signal Sell GBPJPY📌📌
Link :
📍📍Open order 164.45
Sell lim 1 165.2
Sell lim 2 165.9
Sell lim 3 166.63
Sell lim 4 167.35
Sell lim 5 168
Sell lim 6 168.78
Tp 160.85
Sl 169.73
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Buy lim 1 0.15 lot
Buy lim 2 0.20 lot
Buy lim 3 0.25 lot
Buy lim 4 0.30 lot
Buy lim 5 0. 40 lot
Buy lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Buy lim 1 0.05 lot
Buy lim 2 0.06 lot
Buy lim 3 0.07 lot
Buy lim 4 0.08 lot
Buy lim 5 0.10 lot
Buy lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
GBPJPY Possible Sell - 320 Pips opportunityGBPJPY has a bearish close on Weekly chart but if you analyse Daily Charts it has 3 indecision candles on supply area which signals a possible reversal.
My Trade idea is as follows
Sell around 166.60 area , TP 1: 165.40 ,TP 2: 163.40 , SL: 167.40
320 PIPS OPPORTUNITY , USE PROPER MONEY MANAGEMENT
This idea is for educational purpose only.
Selling $GBPJPY hereTrade type AAA
Reasons for taking this trade:
We hit weekly supply zone.
Liquidity pool above 166.630 has be cleared.
We are at premium price level hence a retracement is inevitable.
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
GBPJPY SETUP Hello guys,As we see gbpjpy is moving bullish and now has reached near to its major daily resistance (167.677 )and there is really good sell opportunity. But as always remember dont enter right now wait until it gives confirmation on daily time frame which i think most probably it will give us at the end of this week or the start of next week than you can enter sell and you can get atleast 300+ pips . Enjoy the profit if you are having any difficulty let us know we will be happy to help you