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Gjlong

Lets Talk About GJ Baby...So This Is One Of My Favourite Pairs. It's Also The Pair That Blew My Account Last Week. Now GJ could go one of many ways this week. Let me give you my analysis for this pair. This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was initiated. So here we can see that just before close a red candle was formed, this may just be a pull back rather than a trend reversal. I have a line where i think the pull back may come up to. But as you can see i also have an arrow that is going downwards, if price breaks this trend line, i believe that this may not be a pullback but instead be a trend reversal. Heres why there may be a cause for a trend reversal: - Current situation in the UK is becoming similar to the situation in the US. (i.e Protests & Risk of a Second Coronavirus Wave) - The government not being upfront with the people. As well as this Brexit discussions. However as i stated, as the businesses are now re-opening there is a chance for the pound to get back to the 141/143 mark by the end of this week. Let me know what you think of my analysis, or if theres anything i missed. Thanks :)
by SJFXT
GBP/JPY BUY SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation. Market-Buy: 133,200 Stop-Loss: 132,610 Target 1: 133,915 Target 2: 134,190 Target 3: 134,640 Stop-Loss: 59 pips Risk: 1% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
9
GBPJPY long, short term tradeFX:GBPJPY this time I have an idea for the GBPJPY. In the very short term it should bounce off the 50%/SR/value zone, so it's a triple confirmation for an energy point that should be tested. If it does with a nice price action I will enter a buy looking for 40-60 pips. The only minus in this trade is the day of the week: Friday. I don't like to trade on Fridays, I don't like to leave trades open over the weekend, I already saw huge losses on Monday due to weekend gaps and stuff, so I prefer to bake my Saturday bbq nice and relaxed. Happy Valentine's !!! LG
Long
by Luisgonzalo
Wait for Daily Zone Retest and BIG BUY for potential 500 pips!!! I chose to use H4 Chart to show because its clear. This analyis is using the Daily and weekly time frame for higher validation. GJ has made a major push up and broke through consolidation box or prior Daily ROOF, major momentum showing that BULLS are in charge. Now pullback should happen to one of the Fibs levels, I have them all colored 38 50 and 61! I will be looking to make my entry at 61.80 but if at 50% it has a great rejection wick or engulf Ill get in there even though its not the most Ideal. That is PLAN A! it also coincides with uptrend on daily and weekly. Plan B is if it breaks past all fibs levels I will wait until trend line break or break of Daily consolidation bottom to sell it down! This I feel is unlikely but at the end of the day PLAN B! SIDE NOTE- If you look at the PAST of this pair, you will see that it does not like to stay this low, the pair likes to stay in the middle so I believe it is working its way back to the normal price points. Look at monthly to see what I mean as well as weekly!
Long
by tayg23