Get started

Gbpjpysell

Waiting...You can see price hovering around underneath the 160.000 level, stuck in a range, I don't want to trade here.. Look how clean the move was to the left on the last bullish impulse, So for me if price breaks above the 160.00 with confirmation we've got a much cleaner looking opportunity (80/90 pip move) back up to 160.851, than selling from there back into the choppy range (40 Pip move) (We also have the D failing to close below 160.00 confirmation and LTF. Whats your thought?
by benalistarfx
Waiting for a Reaction! GJ - waiting for a reaction at the previous 1H high today, also keeping an eye on Ydays high for a liquidity grab, the area between the 1HH and the YD$ is a key level i'll be looking for structure to be formed before i look to take buys, if that liquidity is swiped and we get no structure above the 1H high i'll start looking for sell opportunities and aim for the lows... Lets see what happens! There's always PWH at 168.300 and strong resistance at 168.500 too, so if we make structure for buys that will be my target! Let me know your thoughts!
by benalistarfx
20 Reason For short GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Extremely Bear, But Current Move is lower high 2 📆Monthly: Clear bull trend at monthly 3 📅Weekly: A strong Order block at the previous top after its price goes higher low 4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: high momentum candle /double top 7: 3 Volume: High volumes on bearish candles good for the bear 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways 9: 5 Volatility measure Bollinger bands: Squeeze 10: 6 Strength ADX: Bears are gaining strength 11: 7 Sentiment ROC: GBP is much stronger than JPY, but the current move is resistant in the big time frame ✔️ Entry Time Frame: H4 12: Entry TF Structure: change of ch and the clear bearish trend is established 13: entry move: Impulse 14: Support resistance base: previous OB Gap opening 15: FIB: done ☑️ final comments: sell right now 16: 💡decision: sell 17: 🚀Entry: 166.840 18: ✋Stop losel:167.856 19: 🎯Take profit: 161..50 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 5 days
Short
by Optimum369