GBPJPY : SELL CallI have open GBPJPY, Sell Trade. I open this trade because if VWAP. It's just touch the weekly VWAP and now It's going down
JPYGBP trade ideas
GBPJPY SELL IDEAMajor downtrend. retracement seems to be getting done. Lets see what happens during Tokyo session.
GBPJPYtrend is bearish
AB=CD is complete
print divergence at D point PRZ
Buy stop 190.692
SL:187.930
TP: 193.454
gbpjpy liq + fvgThe chart shows a bearish bias with a focus on further downside after a potential retracement upward to fill liquidity and FVGs. The pattern and marked zones support a scenario where the price moves to lower levels after testing key levels.
CHART BREAKDOWN GBPJPY: Key Levels, Targets and Thoughts!Brief Description🖊️:
The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 190.100 to 190.175, respectively, is highlighted.
Things I Have Seen👀:
Important Support Zone🟢: Identified between 190.100 and 190.175 serving as a low-risk sell.
Bearish Targets📉:
189.750: Possible retracement area.
189.500: Possible retracement area.
189.250: Possible retracement area.
189.000: Possible retracement area.
188.500: Possible retracement area.
188.300: Significant supply zone.
188.090: Liquidity area.
What's Important Now❗
Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
GBP/JPYHad a rejection from Previous Day Low
Market structure shift created
leaving behind a 15min OB+
Inside order block on 1min tf there is a fvg
stop loss below the 15 min order block
targeting the high of the 5am 4hour candle
GJ paper tradeIdentified the BOS that lead for the entry and target.
1. Went with the HTF direction bias
2. After a BOS we get a pullback
3. Identified potential areas of the max pullback
4. Place a SL and TP
GBP/JPY SELLIG ZONE TARGET 187.928GBP/JPY is experiencing a strong selling trend, with a potential target of 187.928.
Here are some key points supporting this target:
HELLO TRADERS WHAT YOU THINK GBP/JPY
- Downward Channel: GBP/JPY is trading within a downward channel, indicating a strong bearish trend.
- RSI Indicator: The Relative Strength Index (RSI) is below 50, confirming the bearish momentum.
- Support Turned Resistance: The previous support level at 190.50 has turned into resistance, adding to the downward pressure.
To maximize your gains, consider:
- Take-Profit: Set your take-profit around 187.928 to lock in profits.
- Stop-Loss: Place your stop-loss above 190.50 to limit potential losses.
Keep monitoring the market and adjust your strategy as needed.
GBPJPY SELL!!!Good day, gang
Early today, GJ broke out of European session low
Now, let's take a short position
We start off aiming 1:1, then 1:2, after securing some profits
Good luck, gang
GJ Still Looks BearishWe're looking to SELL again after the correction...
- Still creating LLs and HLs
- Broke and closed below daily TL
- Trading below major QP 190
Possible entry around 190.2-190.5 but only if you see some bearish price action at these levels
Conservative entry would be a break below 189.5
Stop Loss above 190.5
TP1 188.75
TP2 187.5
TP3 185
I will update if trade becomes active...
GBPJPY - Bearish OpportunityThe exogenous, endogenous, and leading economic indicators are decreasing for the pair GBPGPY. The COT report also shows that Net Non-Commercial positions are decreasing for GBP and increasing for JPY. One major factor is interest rate differential as GBP is decreasing interest rates while JPY increasing interest rates.
While looking technically, GBPJPY is in a bearish trend making LLs and LHs. Look for entry at the current price and place the SL on the previous 4H LH.
Sell IdeaA probable choice for sell if breaks the limit below with the intention of taking 1:1 and leave runners for more profit.
GBPJPY updatethis pair has formed a valid ascending channel with 3 touches on the below trendline and broke it and now its retesting it we can wait for a rejection and enter a sell position
happy trading peeps
follow us for more
GBPJPY potential longAfter a sharp move up form the discount zone and now consolidating on a FAG there is a strong indication that pair will move up before turning down to follow the overall down trend.
Suggestion is wait for a further confirmation by letting the pair break past the PWL level & enter on the pullback & trail stop it to TP1
If price breaks past TP1 level wait for a pullback into the orderblock to enter again before holding for TP2
Since the overall trend is down trade with caution and move your stop loss to breakeven when allowed then trail stop
long time for GBP\JPYlook the movement anf followimg it.Given the downward movement of the chart, we have reached a strong demand, which makes the possibility of an upward movement from this point more likely for us.
USDJPY D1 | Bearish DropBased on the D1 chart analysis, we can see that the price is rising toward our sell entry at 192.00, which is a pullback resistance that aligns with 23.6% Fibonacci retracement.
Our take profit will be at 188.33, an overlap support level.
The stop loss will be at 196.00, a pullback resistance level close to 61.8% Fibo retracement
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.
GBP/JPY: Key Levels and Trading SignalsAlexGoldHunter FXOPEN:GBPJPY Technical Analysis and Strategy for GBP/JPY on a 1-Hour Timeframe
Chart Analysis
Current Price:
189.488
Key Price Levels:
Resistance Levels:
0.618 Fibonacci: 189.876
0.705 Fibonacci: 190.4359
0.786 Fibonacci: 190.681948
Support Levels:
0.382 Fibonacci: 189.543476
Recent Low: 188.335
Volume Profile:
High trading volume around the 189.5 level, indicating significant interest.
Technical Indicators:
Bollinger Bands:
The price is near the lower band, indicating potential oversold conditions.
Moving Averages:
50-period (blue line) and 200-period (red line) moving averages are plotted.
The price is below both moving averages, indicating a bearish trend.
RSI (Relative Strength Index):
Current RSI is around 48.15, indicating neutral momentum.
Stochastic Oscillator:
The Stochastic Oscillator is around 52.57, suggesting potential upward movement.
MACD (Moving Average Convergence Divergence):
The MACD histogram is slightly negative, with the MACD line below the signal line, indicating bearish momentum.
RSI Divergence:
The RSI divergence indicator shows a value of 0.051, suggesting a potential reversal.
Buy Strategy
Entry Point:
Consider entering a buy position if the price breaks above the 0.382 Fibonacci level (189.543476) with strong volume.
Confirmation can be obtained if the price closes above the 50-period moving average (currently around 190.277).
Indicators Confirmation:
Ensure the RSI is above 50, indicating bullish momentum.
The Stochastic Oscillator should be moving upwards, ideally above 80.
The MACD line should cross above the signal line, indicating a bullish crossover.
Stop Loss:
Place a stop loss below the recent swing low, around 188.335, to manage risk.
Take Profit:
Set the first take profit level at the 0.618 Fibonacci level (190.208524).
The second take profit level can be set at the 0.786 Fibonacci level (190.681948).
Sell Strategy
Entry Point:
Consider entering a sell position if the price breaks below the recent low around 188.335 with strong volume.
Confirmation can be obtained if the price closes below the 0.382 Fibonacci level (189.543476).
Indicators Confirmation:
Ensure the RSI is below 50, indicating bearish momentum.
The Stochastic Oscillator should be moving downwards, ideally below 20.
The MACD line should cross below the signal line, indicating a bearish crossover.
Stop Loss:
Place a stop loss above the recent swing high, around 190.702, to manage risk.
Take Profit:
Set the first take profit level at the recent low around 188.335.
The second take profit level can be set at the next significant support level, which could be identified using historical price action or further Fibonacci extensions.
Summary of Signals
Buy Signal:
Entry: Above 189.543476 (0.382 Fibonacci)
Take Profit (TP): 190.208524 (0.618 Fibonacci)
Stop Loss (SL): Below 188.335
Sell Signal:
Entry: Below 188.335 (recent low)
Take Profit (TP): 188.335 (recent low)
Stop Loss (SL): Above 190.702
This analysis provides a comprehensive view of the GBP/JPY chart and outlines potential buy and sell strategies with confirmations based on technical indicators and price action. If you have any further questions or need additional insights, feel free to ask! 😊
GBPJPY bearishGBP dovish fundamentally
JPY got hawkish fundamentally
Sell limit upon fib retracement
GBPJPI near oversold levels As RSI appears to be approaching or near oversold levels, it suggests that a short-term pullback or consolidation may occur. Look for a retracement at the 190.9 - 191.5 levels
Recent levels around 190.00-192.00 now act as strong resistance. Any pullback towards these levels could offer shorting opportunities if confirmed by bearish signals.
GBPJPY - Outlook Remains BleakThis does not look good for the bulls in GBPJPY: H12 shows a pronounced hidden bearish divergence in the OBV. Despite considerable price losses, the currency pair is unable to reduce this divergence. This suggests that prices will continue to fall. We have drawn two potential take profits in the chart, which could represent entry points for GBPJPY in the coming days and weeks.
GBPJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 190 area, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 190 support and resistance zone.
Trade safe, Joe.
