Absolutely @Leebax. When indicators give results as the actual outcome, feels like the top of the world.
Looking back at GBPJPY today, the markets have been very strange lately. Lots of volatility in pairs at times. Recently GJ has been slow moving. But our entry position on this pair seems to be a good strong support zone . I think we will still see a nice bull push on this pair soon enough, our TP isnt crazy distance away in terms of structure so ill keep holding for now. to give me more confidence id like to see it create a new higher high on this step. Lets keep watching for now and monitor the coming days price action. GLIYF
Back to our old friend GJ today. Can confirm SL was hit at entry point. Unless you took profits or moved SL into profits. Now no big deal as thats why we lock in profits and not give them back to the markets. Recently Risk On pairs took a big tumble along with the share markets which we can see here. But they have all hit Daily trends as we can see here in this big channel we are in. It will be very interesting to see over the next few days wether we drop through the long standing trend or not, if we dont i can see it making a double bottom at the support below possibly. Look for support to form on these pairs and get ready for the buy. Will update once its ready. GLIYF
Last time i looked at GJ there was two buy points i was interested in. The trend line of this big channel or the drop through to a double bottom . If you watched it play out you could see clearly that we got support forming and a reversal candlestick pattern happen right on the channel trend. Perfect buy opportunity to get in, nice easy one to take. Im aiming for the next fib level above for a nice R:R of 1:3 300 pips. But also today is US election so it could shake the markets up big time, especially if the big boys decide to shift money into risk on pairs. So just be careful if you are in this trade. GLIYF
Good morning, new week begins and looks like Joe Biden is the new US president, plus we have a nice TP hit to start the week off, not bad at all. Last tuesday i bought GJ after the support formed on the trend line , we had some choppy up and down movement since. But today we can report TP has been hit and was a lovely 300 pips profit.
Great start to the week, ill be looking for further bullish movement, a lovely break and retest of the key level above would do the trick for me. GLIYF
Back on our friend GJ today. After hitting TP in our last buy im again looking for more opportunities. Price is currently testing a little shelf of possible support from those previous two little highs. We could possibly get a buy from here IF support is found and formed, so watch out for that currently. IF it does’nt hold here then ill be looking to buy from the multiple confluence area of the channel trend line and the 0.382 fib level. Wait for support to form and get in on the buys is my go to idea. GLIYF
Todays update is on our old friend GBPJPY . Was looking for this pair to find some support and it looks like its what we have found. Three daily candles wicked out right on that support shelf. With each daily candle’s low higher than the last. Trade entered for myself, just need to see a nice break above that resistance zone for another break and retest for more bullish movement. GLIYF
Hi all been away but now Looking back on GBPJPY today. Pleased to report we are currently 300 pips or so in profit. Not a bad haul of pips, i think th erecent news of the vaccine release has helped matters along also. I will be holding it into next week. But ill be ready to take profits if we see some bearish price action on the smaller time frames. I suggest you do the same as we are in december now. GLIYF
Todays pair is GBPJPY . We initially entered in the marked out circled area and reached 290 pips in profit. Which you could of taken when the reversal signs appeared. But price came only back to our entry position again before a big rejection. If you stayed in from the original entry we are currently 273 pips in profit. Hopefully you took profit on the first entry and entered again as the setup was exactly the same. Easy to take, all you have to do is look for the signs on the smaller timeframes and easy intraday pips. As always lock in your profits, take full profit, or take half and hold, just dont give it back to the market 
GLIYF
Good morning, today checking back in on GJ. For this pair, this move has been a bit of a slow one. Most likely due to the UK pandemic situation and being the Xmas holidays etc etc. But non the less we are currently just under 400 pips in profit from this setup. Price is looking likely it could hit our TP projection zone. But as always make sure to move your SL into profits to bank. Or reduce your position and take some profits with SL at entry. There has been multiple times since i first posted this setup where price has come to entry zone, giving you multiple times to enter if you missed it first time. GLIYF
2 Likes
Lovely work mate. Taking it’s time but risk free now so no drama
Today i’m happy to report that our trade long on GBPJPY has hit our TP projection zone. A nice 440 pips returned on that setup. It did take longer than expected but a good return non the less. I can see it pulling back from here as i can see a vector forming on this supply zone . ill look for the next setup in the next post. But for now enjoy the pips profit
Good morning all, new week begins. Could be a big week for USD possibly with the president being sworn in. Or has price already factored that in. Anyway looking at GBPJPY next possible trade, im liking the look of a buy from this support area where price almost sits at. Definitely a strong zone with alot of mess to the left to go through. Could be ideal to buy from there for the push north to the next zone above. nice R:R of 1:4 on offer with this setup. Always remember for support to form before entering the buy. GLIYF
1 Like
I was just looking at this pair as well, except on the 1H and completely agree with you here. Looks like the long term uptrend should resume:
1 Like
Todays overlook is on GBPJPY . Last time i marked up this pair it was almost at the support. We got a nice bounce from the zone and there was a pullback on the 1H chart that you could of taken the trade on. which i did. Currently 150+ pips in profit on this position. But its vital to break this supply zone to achieve TP projection zone. I have moved my SL to entry so its risk free running. If price fails to break this zone we could see a visit to the entry zone again. But ill lock in 50 or so pips if it starts to come back down. Hope you managed to get in. GLIYF
2 Likes
Seems to be getting stuck at this level but if broken then not much stopping it after that
GBP looks to be gaining strength across the board now Brexit is finally concluded
1 Like
Nice job mate 400 pips in the bag cheers
Going to the moon
Seems to be smashing through it all!