Gjlong
GJ long hoping for the break. hoping that the support level can be respected and we break the resistance level to climb to the top. this is an impulse entry but very small risk so i am happy to take to trade.
POSSIBLE BAT HARMONIC PATTERN FORMINGI CAN CURRENTLY SEE DIVERGENCE ON RSI BUT I WILL BE WAITING FOR D TO COMPLETE TO CONFIRM DIVERGENCE.
FIRST TIME PRICE IS COMING BACK TO THE DEMAND ZONE SO EXPECTING PRICE TO BOUNCE.
COULD WAIT FOR A TRENDLINE BREAK TO CONFIRM THE REVERSAL.
IF PRICE BLOWS PAST THE (X) & CANDLE CLOSES THEN BAT HARMONIC IS INVALID
HAPPY TRADING TRADERS
GJ FORECAST...GBPJPY has been moving radically inside of a Daily zone. Price has still failed to retrace back into the Daily trend it broke out of in September. I think a pull back is due, so a momentum shift may occur to the upside. Price has been having a lot of trouble in the 136.000 zone, so a pull to either side is possible. Multiple confluences gives me a Bullish Sentiment for this week. I predict a price retracement to 136.25, then a soar back to the top. 137.00 would be the first level of interest for me, price would have to defeat that level in order for a stronger move to D to occur. I've marked a Fib ABCD pattern to help identify direction. This is just a pre market analysis, so nothing too solid.. Just an overall look into a Long Bias.
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Bull Run For GJ!?Following up with yesterdays Analysis, GJ is continuing its retest around the $136.72 level. If price manages to close above that level, then I predict price spike to $137.00. To back up that idea I spotted a possible triple bottom formation.(Marked On Chart)
Furthermore, price has been wicking out at that same level ($136.72), which shows a possible bearish scenario. For added bearish confluence, their was a recent 3 pin formation formed.(Marked on Chart) First minor level of decline would be towards $136.40.
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GJ Is Heading Upwards Towards The Daily Trend!!Good Morning Traders! Upon analyzing GBPJPY I recognized a possible inverted H&S Pattern on the Daily Time-frame. Obviously that signals a possible bullish uproar. So, I started to search for more bullish confluences. On the 4 HR Time-frame I spotted an ABCD Fib Pattern. Price recently found support near $136.40. Following the close on that level, price immediately retraced. Engulfing more than half of the previous Bear candle. I predict price movement north of $137.30, following a close above $136.775. Overall i'm seeing way more Bullish scenarios at the moment. I will update you, if my bias changes.
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What is your prediction on $GJ?
GBPJPY IS HEADING TOWARDS A WEEKLY ZONEGood Morning Traders! Upon analyzing the $GJ Daily time-frame, I quickly recognized a Pivot Level being tested. So, I crafted a bullish sentiment view for the Daily future price movements. If price manages to close above, I predict a continuation of the previous day bullish momentum. I've found a few potential target levels. First, I expect price to move towards the strong Weekly zone. If succession above that zone occurs, a move towards the 61% or 78% will be promising. Price has to close over the pivot in order for this analysis to be valid.
Comment your ideas on GBPJPY below!
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GBPJPY: LongGJ is testing a highly respected psychological level right now, i'm expecting price to rise back up into the green zone once again. I linked the GJ post I posted yesterday to show you how my analysis is going day by day with this pair. I'll take my profit at the median of the green zone. Once price closes over the wick from the last candle, you can buy.
gbpjpygbpjpy is on a uptrend. price reached at a supply zone . maybe is a good opportunity to sell because price will make a retracement , but i wouldnt take it cuz i trade with the trend.
on the left we have a clear traffick zone that means that market will make a mirror of this zone till supply zone at 140.000
detailed gbpjpy chart explained. Good morning fellow traders i am giving a detailed breakdown of the GJ chart and marking out what i may think will happen. we are looking for buys once the level of the red acting as resistance is broken and from there will will start looking at smaller times frames for possible entries. remember don't fomo trade and use sound risk management when trading to control risk. remember to also keep an eye on brexit
GJ is Retracing!... #DailyAnalysisI analyzed GBPJPY from the Daily Time-frame. I noticed a pattern was being formed, which indicated Bearish longer term movements. I predict that before those movements occur, price will pullback into my marked gravitation zone. Which isn't far from the key 61% Fibonacci Level. Price is also currently testing a Daily Pivot Point Level. With two failed attempts already, another attempt may just give in to upward movements. If prediction goes as planned, I will wait for movements towards the 61% & 78% Fibonacci. If price doesn't close above the 78% Fibonacci, the buyers may be gassed out. I will then look for a short opportunity when it presents itself.
Thank you for reading. I'm going to keep dropping Analysis gems every week.
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GJ Buys 05/10/2020 -- UpdateAs I have already had a very good day, I decided when GJ broke resistance to use the 15m timeframe for confirmation, the reason being I had a lot of profits to use as leverage.
When support formed on the 15m, I took a buy entry as the new 15m candle broke the high of the previous candle, with stops below that candle.
As price went up into 10 pips profit, I secured my entry and moved stops to the low of 15m candle where I executed my trade.
We then tapped into the next area of resistance and there I secured more positions and moved stops to BE.
A runner is still running and will be updated when it's closed.
GJ LongLeave A Like If You Agree, Must Appreciated!
There is an Inverted head and shoulder formed on daily time-frame in a key zone price has pulled away form various of times i'm expecting more bullish movement, price will at least reach the 61% on the Fibonacci. On the left chart I have my entry placed at 137.195 and a t/p at 138.300 which is a nice 100+ pip move, more if you ride price to the 61% on the Fib.
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GJ Buys 05/10/2020If we close above 136.845, we can look for a wickfill towards 137.000 and then potentially targeting 137.150. We need to close above and form support on lower timeframes for safer entries.
This would be a quick scalp
GJ Analysis 04/10/2020 -- UpdateI had already highlighted the two potential setups, buys were preferred as the traffic above to the left was much cleaner to our target at the next resistance zone.
Price broke above resistance on the 30m timeframe and before entering, I waited for support to form on the 15m timeframe.
Support then formed so my next job was to wait for a confirmation for my buy entry, this happened to be when the 5m candle broke above the high of the previous 5m candle. My stops were placed a few pips below the current 30m candle due to it being the last 5m candle before the hourly close. As price broke the high of the previous 30m candle, I secured profits and moved stops to BE, price then ran for 30 pips before I closed the remainder of my positions.
GJ Analysis 04/10/2020We are trading in a 25 pip range, as we know it is not a good idea to trade in an Asian range.
1) If we get a clean break of 136.365, wait for support to form on lower timeframes before looking for buys to test resistance at 136.750. It is a good sized range to fill with clean traffic so buys are preferred if an opportunity arises.
2) If we break support at 136.100, look for resistance to form on lower timeframes before looking for sells, sells aren't very clean in this market structure and I have highlighted potential barriers which could cause trouble along the way. A potential target can be support down at 135.800.
Trade safe especially during Asian and always secure profits at 10-15 pips and leave a runner.
GBP/JPY H1 AnalysisGJ may make an impulse move back to the upside to the -0.272 Fibonacci line/zone. Based on price action alone, I call a likely bullish trend and breakout soon.
GJ Analysis 29/09/2020 -- UpdateAs price broke resistance we took buys on the retest using half risk as a solid support didn't form, our stops were below the current 30m candle. Price ran for 10 pips before we moved stops to BE, price retraced after 11 pips stopping us at entry.
GJ Sells lining up for London session (09/28)GJ looking very promising for Sells coming towards Asian session close and pre London, looking for momentum @ London opening to push price down towards 134.400
GBPJPY: LongSpotted a inverted head and shoulder, possible blade runner as well to make it a double confirmation for me. There is another resistance level that price has to break through at 136.000 once price breaks it I say BUY!
Let me know what you guys think.
Long/Short trade pendingPrice has been consolidating in a very tight range after breaking a channel illustrated clearly on the chart, arguably forming a bearish flag which may break down to entirely break structure offering profitable short positions. Furthermore, the 200EMA on the hourly chart (and daily) is showing bearish momentum. Alternatively, price is rejecting this lower resistance level and has been for a relatively long period of time. Overall, price has potential to move either side of this key area of resistance and the movement is likely to be very strong in either direction due to the illongated period of consolidation.
