Get started

Gjlong

GJ Trade idea I am looking for GJ to continue to make Higher Highs and Higher Lows. The last time we were at this level with traffic was in 2016. There was a brief period of pass through all the way down to 131 back in January of this year and then back up past 135. We all know what news that was. I would only look to short this if it broke below 134.546. I don't necessarily think we are in a sell zone if it breaks the upward rally line since this is a consolidation level after the short impulse move upward from the (reset) previous low/consolidation level.
Long
by FX_Shepherd
GBPJPY - 136.000 tapped off GBPJPY Daily time frame, 136.000 zone has been tapped off We have some MACD convergence Going to wait for daily closure, a hammer formation / dragonfly doji would be ideal to see for buy orders to kick in! 1. This profile is for educational purposes ONLY! 2. The setups given are my own perspective of the forex market and by no means require action! 3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose! @PipsOfPersia t.me
Long
by PipsOfPersia
Buying GBPJPY on Dips: BIG 500 PIP Target at 149-150.We are seeing a consolidating price action on GBPJPY during the last 4-5 weeks. And, this is quite expected. GBPJPY has rallied close to 1700 pips from the lows this year and in my opinion, the recent consolidation will soon lead to another rally. From the chart, I would like to point out 3 things: (To receive signals, ideas and updates, don't forget to check my signature at the bottom of this idea) 1) Price is above the 100D EMA, which clearly indicates that the BIGGER TREND is BULLISH. 2) We have a very strong support zone at 143.80-144.20. 3) Price recently broke out of the TRIANGULAR FORMATION. Now, it's retesting the triangle. Even if GJ goes back into the triangle there's plenty of support. So, in view of the above, I believe "BUY ON DIPS" is the right strategy. Scenario 1: Traders can go long when price touches the 100D EMA at 144.80. TPs can be set at 145.70 and 146.50 respectively. To keep risk low, use small SL at 144.45 Scenario 2: If 144.80 doesn't hold, traders can go long at the support zone at 143.80-144.20. TPs can be set at 144.20, 145.50 and 147 respectively. SL should be placed below 143.50 If you like this idea, please encourage me with your thumbs up. I appreciate your valuable comments and feedback as well.
Long
by TraderAvDM