GJ to continue uptrend as predictedGJ to continue the uptrend as predicted, it formed a small structure with reverse head and shoulders on support, made a retest and we will continue up.
Gjlong
GJ made a early move today, but as predictedAs you can see, GJ made an early move up this morning. After breaking through and retesting last week's market level of 166.945, also the blue line which is the channel that price was trading in the 4hr chart. Price gave a perfect retest on the 30min chart and the 4hr chart, the 4 hours being a stronger time frame which means stronger confirmation of retest. Price went up almost 100 pips from the retest, we are currently pulling back to retest support/EMA again on smaller time frames, which will give us the buy signal for the London session until the next zone 168.586 and beyond. Wait for the retest, the next 15min or 30 min bullish candle that forms, in the next 1hour will be your entry for a buy.
Boost and follow for some support. All the best for trading today.
P.S. GJ is Bae
15min retest on zone we have been waiting onPrice is finally at the zone I have been waiting for since Friday, it has now broken that resistance and on the smaller time frame of 15min we can see the retest. If we close bullish engulfing, we could go more up..Price can also go up on the higher time frames, and then come back down to test this zone, and either breaking and going down, or confirming another buy
P.S GJ is Bae (sometimes hormonal)
Perfect retest on 15min chart for a buyPerfect retest on 15min chart for a buy, price finally broke above resistance and retested, its about to end as an engulfing going long for a buy signal
GBPJPY sell idea 1.5RRLooking at sells however it is very late in the day - best way to handle this is by reducing risk especially as the market is setting up for NFP tomorrow.
Be smart , protect capital. The number 1 rule in the markets is to minimse losses
GBPJPY at a support, possible push upGJ forming possible a double bottom at strong support for the new york reversal, and possible buys to the next zone, for a bullish continuation.
GJ 2/2 last trade of the day
followed rules,
sl set,
not much else to say really other then i would like to see this hit 20 pips, move sl to break even at 20 pips and let it roll.
GJ a buy to next resistanceGBPJPY is a buy, you can buy now or wait till the 1hr stick closes for stronger confirmation
GJ buys from continued double bottom, as predictedAs discussed yesterday, GJ formed a double bottom , it has formed its first leg and made a retest, it has now formed a smaller structure double bottom at 50ema support, we should see some good buys now for second leg
Up 150pips from morning entry and buy signal sippliedThis morning during London session, I gave a buy signal on gj. We are currently up 160 pip, and looking to hit tp at 164.357 @ 195pips. Follow me for more and give a boost to show some love for these fire entries!!
GBPJPY potential buysLooking at a potential buy here, price action indicates price is waiting to pop like a coiled spring, however it is end of month so stay safe.
0.5% risk.
GBPUSD LONGGBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August)
which is a good signal to find an entry to the upside. The daily time frame also just trend bullish, this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there
has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a trade which currently
stands at a risk reward of about 1 to 8. Targets are set using the Fibonacci tool. The monthly timeframe trend is in line with the weekly timeframe, which is in line with the daily timeframe creating a high probability trade.
GBPJPY BUY Potential return of between 7.8 % to 15.6 % GBPJPY is in a very strong uptrend when we look at the monthly time frame and the weekly time frame. We have seen some sort of bearish correction in the previous two months (July and August)
which is a good signal to find an entry to the upside. The daily time frame also just trend bullish , this can be seen from the breakout of the symmetrical triangle/or trendline. We can also see that there
has been a change in market structure on the daily timeframe which is shown by the breakout of the key level as show on the chart. With all these factors being taken into consideration, the result is a
trade which currently stands at a risk reward of about 1 to 8. Potential return of between 7.8 to 15.6 % if you risk between 1 to 2 % of your account on each trade. Targets are set using the Fibonacci tool.
The monthly timeframe trend is in line with the weekly timeframe , which is in line with the daily timeframe creating a high probability trade.
GJ Buy Setup ✔Hello Traders. This is my setup on GJ for the next week. Everything is shown. What do you think?
Comment below. ✌
GBPJPY Potential Buy OpportunityGBPJPY has a bullish market structure, creating HL and HH.
Retested the 163.000, 50EMA and 61.8 Fib retracement.
All signs indicate a bullish push to the upside from here.
GBPJPY buy ideaanticipating the price herre to move up towards previous resistance,
buys will be taken on close of 30m candle and then managing risk as price continues to move up.
GJ Double bottom 4hrGJ was stuck in a flag pattern for nearly 2 months. Price tested a major support level 3 times, corrolating with the flad pattern. Price broke out of the flag pattern, retested it, couldn't break the support and has been going up for 2 days now. We expect at least another day for 2 of rise on this pair to complete the 3day, 3 level move.
GBP/JPY - Long - Technical Analysis This is my technical breakdown on GJ.
GJ is in a bearish condition on the higher time frames, however, we've just had a strong breakout of a descending wedge (bullish pattern), caused by the UK electing their new Prime Minister.
Now we've had this break out, I'd be looking to go long on GJ on the retest which could happen at either 163.500 or 162.500, where price previously respected these levels as resistance. 162.500 offers the most confluences, but with this bullish strength, we could see GJ respect 163.500 - I'd be looking on the H1 timeframe for a rejection / indication that GJ wants to go long.
The UK electing a new PM, could be the catalyst to drive GJ higher breaking this years highs, however, I'd be looking to target 166. and 168.
If we get a break of 168, we could see price hit 170 or even 175. a very bold psychological level
gjpjpy scalp Potential set up going both ways, a temp bull move for a great short position once wave (E)5 completes.
