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Gbp-jpy

GBPJPY looking for the 149 again? 🦐GBPJPY on the 4h chart after our previous call touched the lower level at the 149 area. From there the price retraced at the 0.618 Fibonacci zone and is currently trading over the 0.382. How can i approach this scenario? I will wait for the EU market open and if the market will have the strength to break and close below i will look for a nice short order according to the Plancton's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
GBPJPY can move lower? 🦐GBPJPY on the 4h chart retested the 168 level and is now trading above an ascending trendline. IF the price will break below we will check the opportunity for a nice short order according to the Plancton's strategy rules. ----- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
GBP/JPY -26/9/2022-• Rectangle pattern breakout explained • Rectangle pattern can be either reversal or continuation of the prior move • We got a reversal pattern in this case, possibly ending the up trend • A rectangle is defined by a clear support and resistance levels, ideally touching the boundaries more than twice • Rectangle is a trading range, meaning markets are indecisive until the breakout • We often get fake breakouts, which means prices breakout of the rectangle but quickly get back in • Targets for the breakout is usually the height of the rectangle projected from the breakout point • In the case above, we got a breakout at around 159 and the height of the rectangle is around 9. The breakout was to the downside so we subtract 9 from 159, we get a target of 150 and surprisingly it got hit in 2 trading days only • The only question remaining now is; is the breakout going to lead to a long term trend reversal or will prove to be a fake breakout and return back to the rectangle ? • The answer to that should be clearer in the upcoming days
by RamziAbouAbdallah-CMT
GBPJPY LONG 2000 PIP LONGHello traders, Today we are looking at GBPJPY . We can see we are at the end of wave 4 of our Elliot wave which is a corrective wave. We are now looking to catch wave 5 which will be a impulsive wave where we are expecting strong bullishness movement to our take profit / SELL zone. We will be looking to enter at our -0.618 fibonacci level from the A wave which is where I am anticipating a rejection. We also can see a trendline approach and structure level touch. Confluences -0.618 fibonacci from wave A is where we are expecting wave C to end / start our wave 5 Trendline approach Structure level touch Stop Loss We will be placing out stop loss below our trendline. Stop loss will be moved to break even once we see 30 pips profit. Profit Taking We will be taking profit multiple times along the way ( 30 pips, 60 pips, 100 pips, 200 pips, 500 pips, 750 pips, 1000 pips Our final take profit location is ideally the 175 level. Be sure to check out our other trade ideas below plus our education content below!
Long
by Pips-Collector
💵British Pound/Japanese Yen💵Analyze (9/23/2022)!!! British Pound/Japanese Yen was able to break the support lines and the support zone and is currently completing its pullback. I expect the British Pound/Japanese Yen to go down to the trend line, at least. 🔅British Pound/Japanese Yen Analyze (GBPJPY) Timeframe 8H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3