SniperFx

Archives

  • March 2023
  • February 2023
  • January 2023
  • September 2022
  • August 2022
  • January 2022
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019

Categories

  • Analysis
  • Bonds
  • COVID
  • Crypto
  • Forex
  • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • Uncategorized
  • World
  • Home
  • Forex
  • Crypto
  • Contact
0 Likes
0 Followers
0 Followers
Subscribe
SniperFx
SniperFx
  • Bonds
  • Crypto
  • COVID
  • Forex
    • Forex Trading
  • Ideas
  • Investing
  • Stocks
  • World

GBPJPY In-Depth Analysis, Buy Sell

  • admin
  • March 16, 2023
  • 1 minute read
Total
0
Shares
0
0
0

The GBPJPY pair is currently holding strong over-trendline support. Additionally, when and if the GBPJPY starts to go down to test a key trendline support level we can look for a buy

we can see a bullishharmonicBat pattern forming at the trendline support level , which is another indication of a possible reversal to the upside. This provides an excellent opportunity to consider a long position with a clear target and stop loss in mind.

In terms of entry, we can look for a limit order at the completion of the Bat pattern or wait for confirmation of a bullish reversal on the lower timeframes. The stop loss can be placed just below the trendline support level to limit risk, or we can use the Bat pattern stop lose rules, while the profit target can be set at the next key resistance level .

Overall, the combination of a strong support zone , trendline support, and bullishharmonicBat pattern provides a compelling case for a potential buy opportunity in GBPJPY . Traders should remain vigilant and follow their trading plan to capitalize on this setup.

Analysis for the Buy Setup:

the GBPJPY soon will reach the resistance zone , and it looks like it might be a good opportunity to sell. The key market levels are also indicating a potential reversal. So, if you’re feeling bearish , it might be a good time to hop in and make some pips!

we can look for a double top , candle formation, as confirmation to get in a sell trade

Total
0
Shares
Share 0
Tweet 0
Pin it 0
admin

Previous Article

EURGBP recovers further from two-month low set on Wednesday, retakes 0.8800 ahead of ECB

  • admin
  • March 16, 2023
View Post
Next Article

USDCAD trades with modest losses below mid-1.3700s, downside seems cushioned

  • admin
  • March 16, 2023
View Post
You May Also Like
View Post
  • Ideas

USDCAD Potential downsides

  • admin
  • March 25, 2023
View Post
  • Ideas

BTCUSDT 1DChart – Fundamental analysis

  • admin
  • March 23, 2023
View Post
  • Ideas

Dogecoin: A Beautiful breakout That Could Push The Price Higher

  • admin
  • March 22, 2023
View Post
  • Ideas

GBPCHF – Looking For Sell Setups

  • admin
  • March 21, 2023
View Post
  • Ideas

SOLUSDT 4HInterval Resistance and Support

  • admin
  • March 20, 2023
View Post
  • Ideas

XAUUSD Bearish or What

  • admin
  • March 18, 2023
View Post
  • Ideas

Lingrid GOLD long from SWING zone

  • admin
  • March 17, 2023
View Post
  • Ideas

EURO – Price can make correction to support level and start grow

  • admin
  • March 16, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Trump warns of ‘death & destruction’ if charged with a crime
  • Britain’s John Lewis has lost its soul, says Mary Portas
  • Dan Gambardello: ADA Could Spike as Cardano Hits 4M Wallets
  • USDCAD Potential downsides
  • AUDUSD drops to over one-week low, below mid-0.6600s amid broad-based USD strength

Recent Comments

No comments to show.
Featured Posts
  • 1
    Trump warns of ‘death & destruction’ if charged with a crime
    • March 25, 2023
  • 2
    Britain’s John Lewis has lost its soul, says Mary Portas
    • March 25, 2023
  • 3
    Dan Gambardello: ADA Could Spike as Cardano Hits 4M Wallets
    • March 25, 2023
  • 4
    USDCAD Potential downsides
    • March 25, 2023
  • 5
    AUDUSD drops to over one-week low, below mid-0.6600s amid broad-based USD strength
    • March 25, 2023
Recent Posts
  • EURUSD Seen at 1.05 in three months – Rabobank
    • March 25, 2023
  • NFT investor accidentally burns $135K CryptoPunk trying to borrow money
    • March 25, 2023
  • N.B. to end COVID-19 PCR testing for most people April 1, memo reveals
    • March 25, 2023
Categories
  • Analysis (8)
  • Bonds (47)
  • COVID (73)
  • Crypto (65)
  • Forex (81)
  • Forex Trading (46)
  • Ideas (46)
  • Investing (46)
  • Stocks (89)
  • Uncategorized (40)
  • World (195)
SniperFx
  • Home
  • Forex
  • Crypto
  • Contact
Forex & Crypto Updates

Input your search keywords and press Enter.