Gbpjpysell
GBPJPY - SWING - 13. JULY. 2020Welcome to our weekly trade setup ( GBPJPY )!
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1 HOUR
Bullish pa and break above main sr level.
4 HOUR
Very bullish market turned from its high, expecting a bearish move now.
DAILY
Overall great short market.
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FOREX SWING
SELL GBPJPY
ENTRY LEVEL @ 135.170
SL @ 135.820
TP @ 134.190
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPJPY and Sell Area (13/7/2020)Sell limit
135.170
SL at 135.465
TP1 at 134.830
TP2 at 134.450
TP3 at 133.860
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBPJPY Idea - SHORTMy thoughts on GBPJPY... if this resistance holds, I see price going down towards 133.35.
GBP/JPY, possible short term Sell by market.GBP/JPY is currently jumping around resistance area with not clearly breaking it. I am looking for a positive candle to be printed under the key level and then I would enter the market by accurate instant sell order.
GBPJPY, 4hr tf, 5th wave analysis of ELliott WaveBased on the 4hr timeframe we i tried to analysis GBPJPY movement using Elliott Waves principle. Wave 3rd finished exactly at 161.8 fibonacci expansion level while Wave 4th stopped at 38.2% fibonacci retracement of Wave 3rd.
Usually when the 3rd wave stopped at 161.8 fibonacci expansion of Wave 1, the 5th wave length will be the same with the 1st wave. The comparison of 3 impulsive waves will be a 1 : 1,618 : 1
We could try selling this pair with stop loss above the 4th wave top at 134.00 because if price move above that it means wave 5 is completed already.
For a better entry we will wait for GBPJPY to retrace a bit to 132.80-132.90 before selling it
Sell GBPJPY 132.80-132.90
Stop Loss 134.00
Take profit 1 at 131.70
Take profit 2 at 130.50
Good Luck
GBPJPY THOUGHTS / JUNE 29th - JULY 10th GBPJPY should retrace Sunday, then begin to drop. I would hold this trade for a week and a half. Be patient. #tradegang
GBPJPY daily buy moves then its come sell and then goes to buy GBPJPY daily buy moves then its come sell and then goes to buy see to next few weeks .
GBPJPY Possible Sell/ShortI linked my last analysis to this post.
I believe price MAY wick up to trap traders at the previously broken support area before selling 133.964 area
If price breaks through 134.650 area close sell (SL area)
I will not personally enter again for another GBPJPY sell/short until I see rejection in this area 139.96 to 134.2 on the 4H chart
Remember ALWAYS use proper rick management. :)
GBPJPY - REJECTION / SELLPrice should get rejected around this level and fall towards the green area
GBPJPY SELL GBPJPY IF price retraces then I'm looking for a strong sell in between 135.000 / 135.500
GBPJPY CONTINUATION SELLPrice retested neckline from head and shoulders reversal formation.
Anticipating a continuation of the sell until roughly ~130.XX.
gbpjpy shortWill be monitoring this trade closely this week, but my bias remains short at the moment. the area where the ray line is has been a good intraday support and resistance area. Which aligns perfectly with the .318 fib which is added confluence for a strong level of resistance for the current price action. Ill be waiting for a retest to that ray line for an entry only if it goes up correctively, if it impulses through that zone will sit on my hands and wait to see what the market is doing. I wouldn't be surprised if we get a sharp impulse down through the monthly support level below into a bear flag continuation to the downside where ill be taking an entry if i see a clean structure of the flag.
GBPJPY SELL GBPJPY after rejected from the resistance and make bulkback if star to continue to a downtrend is good for traders to sell this pairs
I believe they gonna go down around 410 pips
As i always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks you
