GBPJPY Countertrend Opportunity?It appears as though price has hit a D extension to the upside.
Looking at a retracement potentially to the 38.2 or the 61.8 before we see a continuation to the upside.
Gbpjpysell
GBPJPY going for a hard drop soon!Hi there,
GBPJPY is going for a hard drop soon, dont try catch top, wait bearish price action to start, then short.
Sl above neckline
FIRST TP 140
2 TP 120
Long term analysis
Good luck
GBPJPY Sell a break setup.GBPJPY - Intraday - We look to Sell a break of 152.15 (stop at 152.41)
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Posted a Treble Top formation.
A higher correction is expected.
Expect trading to remain mixed and volatile.
The trend of lower highs is located at 152.36.
Offers ample risk/reward to sell at the market.
Our profit targets will be 151.41 and 151.21
Resistance: 152.30 / 152.60 / 152.85
Support: 152.00 / 151.80 / 151.50
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (152.11).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 32.
Take Profits:
TP1= @ 151.20
TP2= @ 150.73
TP3= @ 150.20
TP4= @ 149.49
TP5= @ 148.92
SL: Break Above R2
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gpbjpy shortgbpjpy sell :
Reasons :
1)jpys are strong as longs have been added to cot report
2)as usdjpy is rising it has a 1h order block so it will come down
3)so we expect gbppjpy also short as there is a correlation between the jpy pairs
GBPJPY short ideaH1 timeframe
If can breakout this triangle retest than entry is safe entry
Tight stoploss
Huge profit
1:4 R/R
GBPJPY: Sells Into BuysPlease read my previous post to understand the long term directional bias.
I will be selling into swing buys.
I assume the sell setup will look something along these lines once we purge the trend line liquidity and fill some of the imbalance.
I have created an illustration to make it clearer for you.
GbpjpyGBPJPY
Here we have the chart of GBPJAY I am going to short from here because on the monthly time frame it touched the strong resistance And if we see one the other side we easily can see that GBPJAY running on the parallel channel and given breakout
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Thankyou
I hope from this trade you will get some green pips 💲💲🤪
GBPJPY sellTook a sell position here, not much to explain other than a breakdown of this high range the price has been languishing in for the past few candles
GBPJPY signalHi guys, I hope you are fine
Today I prepared an analysis of the GBPJPY currency pair
In this chart, I see a head and shoulders pattern
The break of 151.817 price range will move to the next resistance of 152.776
✅ Buy = 151,817
🔻 Sell = 152,776
I hope you enjoyed this analysis. Follow us
GBPJPY PREPARING TO GOING DOWN As you can see, gbpjpy closed under 153.70.
After retesting 153.70 to 153.75 it will gain momentum for selling.
A close below 153.45 can be expected for safe selling.
Non-farm payroll, which will be announced tomorrow, could determine the strength of the pair.
GBP/JPY sellFX:GBPJPY
Hi guy this will be my setup for G/J. We have been moving quite bearish last week and ended the week @ trend resistance. This resistance had been hold price quite strongly and now have a strong possibility to repeat itself.
Entries and Take Profits you need to take carefully with proper risk management
SELL - KEEP FOLLOW THE TRENDLINE i focus to sell coz i follow the trendline > downtrend
now this on GBP/JPY i create the trendline with 4 confirmation arrow down to know this is uptrend or downtrend.
yeahhh.. that is DOWN TREND..
and price touch the trendline after no 4 arrow down.. so price go pullback
i entry SELL 7 layer on 155.282
risk on 40pip and i reward around 150pip-300pip
ehh price come touch the trendline again.
then i keep sell 7 layer again on 155.114
i keep my risk on 40pip and i reward around 150pip-300pip
sell again coz the price touch the trendline 153.247
i keep my risk on 40pip and i reward around 150pip-300pip
152.758 price break the trendline it make me down
but the price going back on the trendline haha
so i sell again on 151.886
i keep my risk on 40pip and i reward around 150pip-300pip
then i sell again on 151.611 coz the price still touch the trendline ;)
i keep my risk on 40pip and i reward around 150pip-300pip
btw every i entry is 7 layer follow my margin and if price make the profit like i want so i will close half and hold for intraday.
all entry on this is so basic SnR and trendline. if you all not understand you can pm me on twitter ;)
GBPJPY SWING TRADE SELL IDEAGBPJPY is the sell sooner or later. Just need to break and come out of the consolidation zone and then It would be a good swing sell of more than 400 Pips.
This is not a financial advice, It is just an idea, Market can go in opposite side as well. So please manage the risk.
GbpJpy can drop 500 pipsSince the beginning of March, GbpJpy is carving a rounded top.
Now the pair is trading exactly in pattern's support and a break here looks inevitable.
If such a break happens we can consider the formation complete and open sell position.
The target for the pattern is more than 500 pips down so 144 technical support can be in play
GBPJPY TradesAnother successful clean trade setup. First TP smashed. I had set the same TP for both my entries but ended up seeing the possibilities of price going even lower. This new TP lines up exactly with our -27 fibbo retracement line (DM me to learn how to use the Fibbo the easiest way). Another entry should have been opened upon price retesting the violated channel's support (blue line), but I do not over trade.
The initial analysis is linked below.
#TradeLikeMagnatrio
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (150.58).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 19.
Take Profits:
TP1= @ 150.18
TP2= @ 149.55
TP3= @ 149.19
TP4= @ 148.61
TP5= @ 147.89
SL: Break Above R2
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (150.58).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 19.
Take Profits:
TP1= @ 150.18
TP2= @ 149.55
TP3= @ 149.19
TP4= @ 148.61
TP5= @ 147.89
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPJPY TradesWe previously opened positions on GJ and are still holding but profits locked. Price has rejected the 38 (and I have confidence in a drop from here mainly, not solely, because of the adverse results retails sales. Also, (as a Fibbo tip) when price has so much momentum, it is MOST LIKELY to retrace only to the 38. My second position's risk will be covered by profits on the previous entry. So, generally I have risk free trades on both positions.
*Disclaimer*
This is not financial advise. Forex is a risky business. Trade at your own risk. Remember to exercise proper risk management, and have the patience to watch your trades play out.
Send me a direct message to learn.
#TradeLikeMagnatrio
GBPJPY Short AnalysisHey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
GBPJPY short If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
