GBPJPY - LongLooking for longs after yesterdays strong move to the downside. Tapped my buyzone and now looking for continuation towards the upside.
JPYGBP trade ideas
GBPJPYIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
GBPJPY is BearishPrice was in an uptrend, however a matured bearish divergence seems to be at play on four hourly time frame as previous higher low is broken. If the bearish momentum sustains then we can expect further slide in price action as per Dow theory. Targets are mentioned on the chart.
Bullish movementGBPJPY is bullish on the monthly time frame so we wait for the pullback to be complete before the next bullish run
Fri 1st Nov 2024 GBP/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Sell. Enjoy the day all. Cheers. Jim
GBPNZD on strong bullish Supply Zone Looking at the chart the marking is currently laying on a strong zone which we expect the price to restest the previous supply zone which comes exactly on 0.618- 0.5 fib level to give a perfect entry for short entry
Swing Trade Idea#3Price has now break below strong support/resistance (supply and demand zone), a very well respected area. Now we wait for the price to retest the supply zone to sell. A easy 1:2 RR is the target or swing trade for high RR.
GBPJPY BUY PROJECTION GBPJPY is in a demand zone with due to the news earlier price is gonna go long. Checking also there's a breakout and retest to the zone to go long.
GBPJPY to next resistanceHi all,
GBPJPY has been tanking heavily today in which our next resistance point is looking at 195.50 TP.
Any thoughts?
Scenario GBPJPYQuickly draw a situation where the price was unable to break through the support and I can consider the correction to be over or I can wait for some more pullback but then I will lean towards a short position
GBPJPY - LongStopped out on the first idea but got confirmation on a new long idea on GBPJPY. Lets see how this one will play out!
GBPJPY - LongLooking for longs on GBJPY. After taking out the daily lows of this week it looks like GJ can continu it's trend up towards the weekly high.
GBPJPY Long Trade SetupGoing long on Gbp/Jpy, The pair looks like it could continue to move higher especially after opening with a gap. The price action behavior is a bit stiff and this setup does come along with its own risks like the GBP news events today.
Entry: 199.66
Stop: 197.70
Targets: 201.50 & 203.44
Risk to Reward 1:2
GBPJPY BUY NOW!!!!!!!GBPJPY created a bullish gap on the uptrend chart and price just retraced down to fill the gap which is completed am looking forward to see GBPJPY soar high to the previous highs now to create new high my goal target is 203.00
JOIN AND ENJOY
Tell us your views or take on this......
GBPJPy long ideaSo yesterday took a small trade in the longs but couldn’t see it going higher as it hasn’t taken any major LQ.
So now today we have taken major LQ and we should see GJ push higher up to my target area.
Trends overall bullish.
Side note.. GJ usually drops by September so hopefully we get to the yearly high then a big sell off.
This isn’t a signal just trades I’m taking and notes for my future reference
GBPJPY MOVING TODAYYY!GBPJPY MOVING TODAYYY!
Bearish daily close, but we’re looking for the price to pullback to daily RBS, H4 breakout, and H1 support.
Lower timeframe continuation buy is on the cards! Get ready for a solid move!
GBPJPY HITTING RESISTANCE @ 199.20#GBPJPY Hitting Resistance at 199.58 pulling back to 198.27 as a Support, the break of this level below 198.02 will push the price to 196.05
Market is Holding above the Support , All Eyes on BuyingHello 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
GBPJPY - LONG - TREND LINE | BULLISH CONFLUENCES Bearish Indicators
1- Series of HL and HH
2- Market took retracement of Bullish trend line support
3- Market respected Fib-23.60% level
4- Formation of Hammer after retracement depicts continuation of pattern.
Entry Price - 199.460
Stop Loss - 197.931
TP1 - 200.913
TP2 - 202.663
why the GBP/JPY will create new highson the weekly you can see a clear double bottom with a break of the neckline, this indicates a change of character to the upside, there are no intermediate levels in-between so this tells me price will definitely get to the top, if you look on the daily you'll see October consolidated for 2 weeks, broke out last week Wednesday, retested on Thursday and the level held on Friday... higher time frames rule!
