Gbpjpyshort
GBPJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on GBPJPY .
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock.
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Sell GJ at the end of current 30min stickAs ypu can see, price has tested a resistance 4 times, with multiple small double tops, price has finally broken out the bottom of the flag channel that it has been in all week.
We have broken below, retested the support as a resistance, if the current stick ends bearish its a sell. Further confirmation is the rejection off the 200ema
GBPJPY Short Trade FX:GBPJPY
Hello Traders! Here is my analysis for GBPJPY.
I wait for a rejection on the resistance line as in the 4H timeframe we are on a downtrend!
Closed yesterday's trade with 100 pips in profit and here we go again!
Share your opinion in the comments and like if you agree!
GOOD LUCK!
GBPJPY: Following the BEARISH MOMENTUMHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
After a quite long period of uptrend inside a rising wedge, the market broke the structure to the downside, starting a new bearish impulsive phase.
As you can see on the chart, since the end of October, the market has been performing impulses and corrections to the downside, and considering the overall bearish momentum in most JPY pairs, we can still see the possibility of further continuation till is LTF swing low and so on till the bottom of the beginning of the rising wedge.
When, where and why would we step into the market?
It’s a market condition that we like and the structures are quite clear.
Although we don’t see enough confluences to enter this market from the top of the LTF structure, as moderate traders, waiting the breakout and continuation will definitely limit your losses.
163.000 is our first target, only if all the conditions will be respected.
In the scenario of reverse or breakout to the upside, this setup will be invalidated and no action will be taken on here.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY is SHORT; BREAKOUT OF HEAD & SHOULDERSGBPJPY has broken out of a HEAD & SHOULDER structure and now we are waiting for price to retest the support that turned into a new resistance which is also the NECKLINE of the HEAD & SHOULDER structure at 166.00. After the retest price may to fall to 160.00 a distance equal to the height of the HEAD & SHOULDER structure.
GBP/JPY Price Analysis Bearish OutlookGBP/JPY break of 166.00 will bring a deeper pull back to 162.00-160.00 support and below. It's creating a Head & Shoulder Pattern. Any convincing close below that level will drag the pair to the next level. GBPJPY hits an intraday low of 168.42 and is currently trading around 166.47.
Every Upside can be an excellent opportunity to Sell on the Rise.
Significant Levels - 166.00,164.50, 163.20, 162.50, 160.00.
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GBPJPY - Daily Trade Idea - 10-Nov-22GBPJPY (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 differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.