before the news of the total reserve assets is released, the price looks like it is forming a compression, there is a possibility that the price will enter the nearest supply area
Hey, I would love to see GJ move up to that yellow trendline create a Higher High, that the previous highs and break the trend line then fall to 158.... I made this basis solely on structure, as the market moves in three moves , impulse, correction and continuation. Wait to place sell orders if you are trading the overall(MAJOR STRUCTURE) move until it hits the...
I'm anticipating this to play out. Break of trendline, pull back to retest support. Rejection of support and move to new highs.
he Japanese Yens were showing great growth and promise for trend continuation trades this week. I was heavily interested in GBPJPY especially after securing 500 pips on her recently. However, price has reversed. So, what does this mean? It means I'm no longer buying GBPJPY at a high price. A reversal at this point calls for me to look for sells. If price can...
GBP-JPY was trading in an uptrend But then the pair broke the rising support lineand the horizontal resistance at 161.350 And as it now retesting the broken trend-line I am expecting a bearish move down To retest the support below AT 156.100
GBPJPY 30m long ⚠️ hedge against the hrly buystop @ 160.281 TP #1 @ 161.014 75.86% wr TP #2 @ 161.504 50% wr SL @ swing low 159.032 17.24% hr WR and HR determined from trades on this pair, on this timeframe. More trades like this on my profile and on bifrost trades.
Hey, finally we can see bearish momentum and price did exactly what I wanted to see yesterday and now the bulls have taken over. Am expecting price to move down. And you can place your sell positions but use proper risk management and trade what you see not what you think. There is divergence I marked it with a red circle and basing solely on market structure. ...
the marked area is the interesting zone to watch for Short this pair, there are few confluences lining up in the marked area. Short this pair on the proper confirmation in the marked area with proper risk / money management.
GBPJPY is Bullish, But we expect bearish retracement Till 158.000 Price break the Level 158.000 and Go till 164.000, Now we expect the retracement or retest of 158. It would be a good trade option to sell till 158. Please manage your risk. price may go into the opposite direction.
You may have to play the -60 at green TP1 beware! The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately. All likes/comments and feedback are very much appreciated! How to play my chart: Buy at support, sell at resistance. When you open this chart you'll see a green entry and a...
Technical: The immediate resistance is around 162, any break above targets 163.80/165. On the lower side, near-term support is at 159.85. Any indicative violation below targets 158/157.75. It is good to buy on dips around 160 with SL around 158.50 for a TP of 164.
Hello, on the daily overall we want to see sells for this week but although I will want to see a proper bullish candle close outside the major trend lines for a proper break and retest. But overall the GJ is sited on 50% retrenchment level which indicates a reservation but also structure does it too show. Although I meant expect a small bullish movement before...
Hello, so today I decided to look into my favorite pair to see the overall movement of this pair and according to my analysis that is solely made on market structure, I foresee GJ going into a bullish move. NOTE : This is overall structure, not minor structure. This analysis is just the overall picture but within the picture there is minor structure which us the...
There is a box in the chart which are looking to make or break on the upcoming price of this pair. The room for reversal are big on Daily Chart but not that big on 4H chart, so be careful. A good selling opportunity if it breaks but the buyers are strong as well at the moment. NFA!
In this idea I'm explains some reasons to buy GBPJPY
GBPJPY is the staying at the good area of sell. Sell at current price or a bit above 20/30 pips is good for sellers to target the 158.000 Area This is just an idea, Market can go in opposite direction, So we have to manage risk.
Hey traders, here is the analysis for the GBPJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer:- This is not financial advice.