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GBPJPY trade ideas

Trading Idea Update: GBP/JPY 30M - Bearish Setup After LiquidityIn this updated GBP/JPY 30-minute chart analysis, the market has continued to develop in line with our previous expectations. We're still targeting a bearish move based on ICT (Inner Circle Trader) concepts, but there are a few key updates to take note of. Here's the updated breakdown: Liquidity Clearance The Buy-Side Liquidity (BSL) above the previous highs has been cleared, as price aggressively moved higher, taking out stops and allowing smart money to accumulate positions. This liquidity grab is now complete, opening the door for a potential bearish reversal. Fair Value Gap (FVG) Mitigation Price is currently mitigating a Fair Value Gap (FVG), which aligns with a previous imbalance between buyers and sellers. This FVG acts as a premium zone for initiating short positions. The FVG also aligns with the high of the Asian session, adding more confluence to this level as a potential zone for a bearish reversal. Higher Time-Frame Confluence There is a H1 Order Block and imbalance (highlighted in red) above the current price, which suggests that price could still push higher before a significant drop. This level represents an area where smart money may look to finalize their liquidity hunt by sweeping the current highs before reversing. Bearish Bias with Alternative Scenario While the current plan is to look for shorting opportunities within the FVG zone (green), we must be cautious of the possibility that price could push further up to clear the current highs and tap into the H1 Order Block (red zone). If this happens, the market would still align with the bearish bias, but we may need to wait for a higher entry confirmation. Thus, two scenarios are possible: Scenario 1: Price reverses from the current FVG zone after mitigation, confirming a bearish entry model (e.g., CHOCH, BMS). Scenario 2: Price pushes higher into the H1 Order Block (red zone) before initiating the fall, clearing the current local highs and completing the liquidity hunt. Awaiting Bearish Entry Model We are still waiting for a bearish entry model to confirm the reversal. This could come in the form of a lower time-frame Change of Character (CHOCH) or Break of Market Structure (BMS) once we see a rejection from the FVG or the higher H1 zone. Asian Session Confluence The chart highlights the Asian session high and liquidity grab, providing further confluence that smart money has engineered a stop hunt during low-volume hours. This often sets the stage for a reversal during the London or New York sessions. Execution Plan Entry: Look for bearish confirmations within the current FVG zone or the H1 Order Block (if price pushes higher). Stop Loss: If entering off the FVG zone, place stops above the current highs. If entering off the H1 Order Block, place stops above the 198.000 level to protect against further liquidity grabs. Take Profit: Target the previous lows around 195.200, with extended targets towards 193.500 if the full bearish reversal unfolds. Summary The bearish bias remains intact, with liquidity now cleared and price mitigating the FVG. We are awaiting confirmation of a reversal entry model to initiate short positions. Alternatively, price could push higher into the H1 Order Block before falling, but the overall expectation is a bearish continuation once liquidity is fully hunted.
Short
by Cephas_John_
GBPJPY First 1D Golden Cross after 19 months. Strong BUY.The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the current formation is very similar to the April 2023 one. As you can see, both were trading within a Channel Up up to the moment of the Golden Cross, having started after a 1W MA100 (red trend-line) test. The 1D CCI trading on Higher Lows below -100.00 (oversold) is a confirmation that the price Channel Up breaks aggressively to the upside. The previous Golden Cross pushed the price just above the 3.0 Fibonacci extension, to a +18.40% rise. Throughout this time, the 1D MA50 (blue trend-line) was supporting the uptrend. As a result, we turn long now on GBPJPY, targeting 215.000 (just above the 3.0 Fib extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBPJPY FORECASTIn this analyze we are focusing on 30M time frame chart for GBP/JPY. On the basis of support and resistance along with price action and liquidity concept. So we will wait for price when price enter into our zone than after any bullish confirmation we will take our long position trade. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #GBPJPY 30M Technical Analyze Expected Move.
Long
by TradeTacticsreal
3
GBPJPY: Potential for Further Rise Amid BOJ UncertaintiesGBPJPY: Potential for Further Rise Amid BOJ Uncertainties Bank of Japan Governor Kazuo Ueda stated that the economy is making progress toward achieving sustained wage-driven inflation, but provided few clues on whether the central bank might raise interest rates next month. The market remains uncertain about a potential rate hike, as the BOJ has not yet altered its Monetary Policy statement, leaving the JPY vulnerable to market speculation. Although the JPY is not in the same situation as it was a few months ago, the significant difference in interest rates compared to other countries remains a strong reason for its continued weakness. Technical Analysis: GBPJPY completed a bullish harmonic pattern at 194.30. The initial price reaction was a clear push of nearly +100 pips. Following this brief pause, GBPJPY is expected to rise again. While it is somewhat risky, this projection aligns with fundamental analysis. GBPJPY may reach the first two targets this week. Targets: 🎯 196.30 🎯 196.85 🎯 197.50 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5
GBPJPY H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 197.27, which is a pullback resistance and a 78.6% Fibonacci retracement. Our take profit will be at 196.08, an overlap support level. The stop loss will be at 198.78, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Trading Idea Update: GBP/JPY 15M - Bearish Setup After LiquidityIn this updated analysis of the GBP/JPY 15-minute chart, we continue refining the bearish trade idea using ICT (Inner Circle Trader) concepts. The chart shows further development, with key liquidity levels now cleared, and we are awaiting a potential entry model. Here's the breakdown: Liquidity Clearance The Buy-Side Liquidity (BSL) marked on the chart has been cleared, as price spiked above previous highs, grabbing liquidity from retail traders’ stop-losses. This is a key event in ICT methodology, where smart money hunts for liquidity before reversing the market. Fair Value Gap (FVG) Mitigation Price has now entered the Fair Value Gap (FVG) zone, highlighted in green. This zone represents an imbalance in price action, where price is expected to mitigate and potentially reverse. The FVG aligns with a higher time-frame premium pricing zone, which adds confluence to a possible bearish reversal from this level. Asian Session Confluence We also see an Asian session high marked, which aligns with the current liquidity grab. This adds an additional layer of confluence, as the market often targets liquidity generated during the Asian session before making larger moves during the London or New York sessions. Awaiting Bearish Entry Model At this point, we are waiting for a bearish entry model within the FVG zone. This could include a lower time-frame Change of Character (CHOCH), a Break of Market Structure (BMS), or any other ICT entry confirmation, such as a rejection from a bearish Order Block. Patience is critical here, as we await confirmation that smart money has completed its liquidity hunt and is ready to drive prices lower. Bearish Bias and Continuation Once the entry model is confirmed, we expect a bearish continuation in line with the overall market structure. The liquidity grab and FVG mitigation make this a high-probability area for entering short trades. Execution Plan Entry: Await confirmation of a bearish entry model after FVG mitigation (e.g., CHOCH, BMS). Stop Loss: Consider placing stops above the liquidity high at 197.000 to protect against further liquidity grabs. Take Profit: Initial target at previous lows around 195.500, with the potential for extended targets towards 194.500 or lower, depending on market structure. Summary This updated setup offers a high-probability short trade following the clearance of buy-side liquidity. With price now mitigating the FVG, we are awaiting a bearish entry model for confirmation. The confluence of the liquidity grab, FVG mitigation, and Asian session liquidity makes this a strong potential reversal zone.
Short
by Cephas_John_
ICT Long Setup GBPJPY👋Hello Traders, Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Long setup in GBPJPY for session trade (a couple of days) Here is a session trade idea (since it is near support surface, we should use small lot size) Please refer to the details Stop loss, Buy Zone,open for take profit. Next Long entry after retracement in any session. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Long
by ICT_Trader_SB
1
Trade Recap: GBPJPY - SHORT, 19/11/2024GJ Bias Analysis: Price, still trading at a 1D premium, the pro-trend had been established on the 4H timeframe and short entries were in line with the bearish 1H range. Equilibrium was achieved relative to the minor swing after price protracted higher and a short entry executed after entry confirmation was received. Grade: High Risk What I did well or could've done better: - I was too risk averse when using discretion in the management of this position, which led to being stopped out at BE before an aggressive sell off to TP.
Short
by The_Modern_Day_Trader
1
GBPJPY is in the Down TrendHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPJPYHello Traders, Here’s my analysis for this currency pair. Feel free to leave any questions or comments below. Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities. Pro Tip: One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
Buy OpportunityKey Levels: Support Zone: Around 194.292 and below, near 193.708. Resistance Levels: Intermediate: 195.562 Final Target: 198.446 Strong support at 191.875, as indicated by the historical low. Signal: The setup indicates a buy signal with an expected move to 198.446, representing a 2.09% potential gain. Indicators: Squeeze Momentum Indicator (SQZMOM): Bearish pressure appears to be decreasing as the red histogram transitions to green, indicating a potential bullish reversal. Volume Profile: The high liquidity zones around the current price area suggest that the price may bounce off this support. Risk-Reward: Entry: Around 194.375. Stop-Loss: Below 193.131, to account for false breakouts. Take-Profit Levels: Partial profits at 195.562 and final profits at 198.446.
Long
by GODOCM
1
GBP JPY buy Based on the current GBP/JPY price of 195.892 and integrating insights from the provided PDF materials and the Pine Script trend strategy, here's a detailed analysis for potential trade setups: 1. Trend Analysis Zero Lag Trend Indicator: On the M5 and M15 timeframes, the Zero Lag Trend Indicator signals a bearish trend, with the price trading below the Zero Lag EMA and recent bearish crossovers. On higher timeframes like H1 and H4, the trend remains bullish, indicating that the current bearish movement on lower timeframes may be a retracement within the broader uptrend. Multi-Timeframe Confirmation: The alignment of bearish signals on lower timeframes and bullish signals on higher timeframes suggests a potential buying opportunity if the price reaches a significant support level and shows signs of reversal. 2. Key Levels Identification Support and Resistance: Support Levels: 195.500: Recent swing low and a psychological support level. 195.000: A round number and potential strong support. Resistance Levels: 196.500: Previous swing high and potential resistance. 197.000: Another round number and resistance level. Order Blocks: A bullish order block is identified around 195.500, indicating potential institutional buying interest at this level. 3. Liquidity Zones and FU Candles Liquidity Grabs: Potential liquidity exists below 195.500, where stop-loss orders from retail traders may be clustered. FU (Fakeout) Candles: On the M5 timeframe, a bullish FU candle is observed near 195.500, suggesting a possible reversal and trapping of bearish traders. 4. Entry, Stop-Loss (SL), and Take-Profit (TP) Strategy Entry: Long Position: Consider entering around 195.600 after confirming support at 195.500 holds and observing bullish reversal patterns (e.g., bullish engulfing candle). Stop-Loss (SL): Place the SL below 195.000, at 194.900, to protect against potential false breakouts and account for market volatility. Take-Profit (TP): Set the TP at 196.800, near the next significant resistance level, maintaining a 1:3 risk-reward ratio. 5. Example Trade Setup Scenario: Current price: 195.892. Bearish trend on lower timeframes; bullish trend on higher timeframes. Plan: Entry: 195.600 (after confirming support at 195.500). Stop-Loss (SL): 194.900 (below 195.000 support). Take-Profit (TP): 196.800 (near resistance). Risk-Reward Ratio: 1:3, where the risk is 70 pips (195.600 - 194.900), and the reward is 120 pips (196.800 - 195.600). 6. Additional Considerations Market News: Monitor economic indicators and news related to the British Pound and Japanese Yen, such as interest rate decisions and geopolitical events, as they can impact volatility. Risk Management: Risk 1-2% of your trading capital per trade to ensure sustainable trading practices.
Long
by priceactionindonesia
GBP/JPY 1H - Bearish Setup Awaiting Liquidity ClearanceIn this GBP/JPY 1-hour chart, we are preparing for a potential bearish trade setup based on liquidity principles from ICT (Inner Circle Trader) concepts. Here's a breakdown of the key elements: Market Structure and Bias The chart shows a clear bearish bias, as noted by the significant down move, but no short positions should be taken until the Buy-Side Liquidity (BS) above is cleared. This liquidity is within the premium zone of the recent range, and smart money may push prices higher to fill orders and grab liquidity before resuming the bearish trend. Liquidity Targets The Buy-Side Liquidity (BSL) is highlighted above the current price, showing that there are likely stop-loss orders and pending orders above this level. Price is expected to gravitate towards this liquidity before any significant downward movement. Additionally, during the Asian session, we see a liquidity grab, which could indicate that the market makers have engineered a move to take out weaker hands before continuing higher into the premium zone. Optimal Trade Entry (OTE) The Fibonacci retracement tool has been applied to the recent swing high to swing low. The 61.8% - 70.5% retracement levels coincide with a Bearish Order Block, offering a potential area for the market to reverse lower. This area of confluence adds to the potential for a high-probability short setup once the BSL is cleared. Change of Character (CHOCH) A Change of Character (CHOCH) is present, showing that the market has already given an early indication of a potential reversal to the upside. This CHOCH supports the idea that the price may need to grab buy-side liquidity above before continuing the bearish trend. Bearish Continuation Setup Once the buy-side liquidity is taken and price enters into the premium zone (61.8% - 70.5% Fibonacci retracement), we expect a bearish continuation. This aligns with the overall market structure and liquidity principles. Execution Plan Entry: Wait for price to clear the buy-side liquidity and enter the premium zone (61.8% - 70.5% Fibonacci retracement) before considering short positions. Stop Loss: Place stops above the 78.6% Fibonacci level, protecting against a deeper liquidity grab. Take Profit: Target the sell-side liquidity below, with the potential for extended targets lower if the bearish trend continues.
Short
by Cephas_John_