GBPJPY Short - 28 NovOn M15, M15 BOS. Indicating price is heading lower.
Liquidity has been taken out, price exit HTF Supply Zone.
Taking a short for 1:3.5RR. But IMO you can target the marking on the left as well.
GBPJPY trade ideas
GBPJPY BuysIf 1 hour candle rejects Poc @ 191.500 than Buy with Target 192.200 (700 pips).
If 1 hour candle closes above 192.250 than Buy with Target 193.600 (1200 + pips)
GBPJPY BuysIf 1 hour candle rejects Poc @ 191.500 than Buy with Target 192.200 (700 pips).
If 1 hour candle closes above 192.250 than Buy with Target 193.600 (1200 + pips)
GBPJPY, down to complete C leg?Based on my point of view, GBPJPY already hit my "Daily main point", should be retraced back to neutral. Follow Daily AO (indicator), it shows AO block is slowing back to zero line and I think it is best time to sell it.
But keep an eye on the other direction, It may run fast for one more up trend before it drop. Let play safe.
GBPJPYGBPJPY is currently near the support zone of 190.98-189.96. If the price cannot break through 189.96, there is a possibility of a short-term rebound. Consider buying the red zone.
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Bearish drop?GBP/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 193.54
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 196.11
Why we like it:
There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 190.33
Why we like it:
There is an overlap support level.
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GBP-JPY Rebound Ahead! Buy!
Hello,Traders!
GBP-JPY is falling down
But the pair will soon hit
A horizontal support
Of 189.500 from where
A local bullish rebound
Is to be expected
Buy!
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GBPJPY SHORT Market structure bearish on HTF 30
Entry at both Daily and Weekly AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Daily EMA Retest
Previous Structure point Daily
Around Psychological Level 195.000
H4 Candlestick rejection
Levels 9.12
Entry 110%
gbpjpy entry
Liquidity grab on the 1H timeframe. Currently, there’s a break of structure and a fair value gap (FVG) that still needs to be filled. A solid setup for a good entry with a tight stop-loss
GJ pullback before continuationI think GJ might continue the pullback around 190.000-188.000 and then continue to the upside. Might see it reaching 208.000, but it will take a while til there. What do you think? Would love to hear your opinion! 😊⬆️
gbpjpyFirst, there was a liquidity grab on the 1H timeframe, followed by a break of structure and the formation of a fair value gap (FVG).
GBPJBY - BEARISH DOUBLE TOPHello Traders !
On Monday 28 Oct, The GBPJPY reached the resistance level (198.662 - 199.522).
The price formed a double top pattern.
Currently, The neckline is broken !
So, I expect a bearish move📉
_______________
TARGET: 190.790🎯
GBPJPY SELL!!!Good day traders
GJ just broke out Asian session
Now lets look take shorts
We start by aiming for 1:1 then 1:2 after securing some profits
Good luck gang
GBP JPY ANALYSEwe need same consolidition or big consolidition for sell to the line blue im prerefered big consolidition to sell
GBPJPY new bearish for new week
GBPJPY strong bearish we are can see, currently for this week still having bearish expectations.
BEARISH PENNANT pattern is visible, price is make few bounces on zone 194.800, which will take for good sign, to we have good strucutre.
SUP zone: ~195.200
RES zone: 190.700, 190.000
GBPJPY SELL UPDATE ANALYSIS SL update to above previous structure , to ensure price has room to move . it was a tight SL had to adjust it , overall . analysis played out .
GJ 4hrsprice must be still targeting higher price as marked
we now in (BC) correction phase .
price better to respect (BC) zone to go higher to targets . (and a close above 200 price )
But Breaking (BC) and closing below will need more investigation at that point .
IDEA GBPJPY SHORT POSITION HI TRADRS
Pair : GBPJPY
Position : SHORT( SELL )
Entry Price : 192.800
STOP LOSS @ 193.200
TP 1 @192.400
TP 2 @192.000
TP 3 @191.600( Trailing SL )
GBP/JPY 1hr timeframeThis pair is still in a strong downtrend respecting the resistance. I think we should wait for the price to reenter the selling zone before opening a trade, Our final target for the short term is around 189.66 a previous significant level in the 4hr timeframe.
I'm putting here a R/R of 1:3 but I think it is very possible to go further down so I can see also a R/R of 1:4 for the most brave. good luck everyone! :)
GBPJPY - Bearish TrendFollowing are the factors involved in Bearish trend:
1. TREND: Bearish -1
2. DIVERGENCE: None
3. PATTERN: INVERSE CUP AND HANDLE -1
4. HARMONIC: ABCD -1
---------------------------------
= Bearish -3
UPDATE ON ANALYSIS FOR GBP/JPYGBP/JPY 1H - Again here is another pair that was analysed in this weeks Sunday Sessions video, this too has provided us with a profitable trade. Another key example as to why you should watch the videos!
The Sunday Sessions videos always provide us with opportunities for the start of the week so its key you are watching them so you do not miss out on the likes of this trade and the one I updated you on earlier.
This trade ran & Took Profit for + 155 pips. (+ 4.7%) 4.7RR
Brilliant result here on this pair, this was something I predicted, we wanted to see price trade into one of two areas and reject well to the downside giving us the opportunity to sell in this market.
A big well done to those who jumped onboard of these two opportunities, I will be sure to update you all with some new analysis tomorrow morning to see us through the rest of the week.
