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Gbjpy

GBPJPY Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for GBPJPY below: The price is coiling around a solid key level - 188.12 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 190.71 Safe Stop Loss - 186.87 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
4
GBJPY Blending Smart Money Concepts with Long Money ConceptsSmart Money Concepts since its inception with ICT have polarized the trading community mostly in a positive way, and I think said concepts are more handy for traders who have experienced many cycles in the market and are looking to refine their edge with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective. ICT has pioneered a new way of understanding liquidity especially on the granular side of trading, but most traders, including myself, that don't have the edge which is tenure and experience, these concepts are too simple for a complex sport, and the play book of course is tailored to the team's strength and weaknesses. One thing I have noticed in the trading community is that since there is no barrier to entry, like any entry level job, without the experience you cannot expect to make much off trading in the beginning phases as a trader. You have to study theory, history, psychology, and just the environment around the ticker and tape to really grasp the notion of the science. Yes, trading is a zero sum game, but let us not get lost in that saying because mostly everything in life is zero sum. Ying and Yang. As of recently I stopped annotating things like break of structures to define trends, chochs, and unnecessary order blocks. Think about it. What really is a break of structure? What is really a change of character? Liquidity Sweep? Imbalance? Think about it all these terms coincide with events that in reality define a certain market personality. To my perspective, none of these terms actually exist on the chart. If you go by the assumption that pricing has already accounted for the events in the then to now, then in reality, there is no real imbalance, liquidity sweep are just market fluctuations, and a choch is literally price curb tailing itself in the other direction, simply put. But then you have to ask yourself the famous SMC question. Where am I in structure? That's where the SMC free trial ends, and the error begins, now you have to buy the course from your mentor. One thing I'm learning is that in today's timeline, instant gratification is the reason why most traders give up. This takes time. Trading isn't a game like they say. It's not a job either. It's an understanding. It's a language. SMC is very powerful yes, especially for intraday traders, but for me, it's not enough to draw an actual framework that can be fractalized, besides the order blocks, which are subjective. The market moves with intentions, and regulated prices stop on the weekend, because guess what, it's the weekend and the market makers, liquidity providers, and large speculators have lives too. But that doesn't the intentions aren't still there. Frequency, tonality, personality, and modes are codified in the market just as any word coming out of your mouth. It's a language. And no fluent speaker learned to speak what they speak overnight. It takes time. Fall in love with learning this new language.
Education
by NQQuan
is GJ forming a symmetric or an Ascending triangle?as we monitor gbpjpy we can see it forming a symmetric triangle > for the sake of this trade/profit we will assume that it is. most profit potential is on the 2-day chart key point: . Resistance: > after the breakout, of the previous resistance 157, we see GJ made a high of 168 also failing to break this twice we can call this our roof > after 168 we see gj failing to stay above 166 with that we can draw a counter trend line going down by two > it is possible to see gj eventually reacting to 164 level but i believe 166 is a more interesting area . Support: > after getting rejected at 168 we see price bounce off levels 151 to 156.5 now it is at 161.5 > with that we can see trend line with a rate of 5 take away: > gj is on the verge on forming a symmetric triangle > keynote that boost my confidence with this analysis is with the sell off last week we still see gj managing to close inside this triangle > we should see gj bounce off from 161 to 164 or possible 166 outlook: > if we are not in this buy, we will watch gj's buy up to 164/166 on the 2/3 day > if there is a breach of on the 2/3 day, we can assume two things: there is a breakout or there is a trend break to the larger ascending triangle >we will classify it as a breach when price opens or closes out of the symmetric triangle NB: IF THERE IS A BREACH OUT OF THE SYMMETRIC TRIANGLE THEN PRICE IS REACTING TO THE LARGER TREND ASCENDING TRIANGLE WITH THAT, WE SHOULD SEE PRICE RETEST 168 LEVEL. > After that we take profit and wait for more information to determine our bias
by shermuelinvesting
3
GBPJPY > Strong Zone for A Buy!!Analysis on #GBPJPY The GBPJPY may soon come to test a strong structure support zone near a very strong level 150.00 where buyers showed interest at this level. >> If the market test my weekly structure support level where I will look for the market to turn bullish on the lower time frame, before looking for a buying trade with a good risk to reward if the entry rules are met. ⚡we need to be extra careful, markets are not respecting technical analysis due to current world circumstances ________________________________________ Dear Traders, the best " T h a n k Y o u " will be your likes and comments! Thanks for your continued support! ________________________________________ Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
Long
by TheTradersAvenue
12