JPY pairs Weekly Outlook and Trade Setups - Page 13

@nsg_usd - 1 hour ago

I use YouTube alot shaa

That's cool. There are good trading contents a lot there. You just have to learn to filter them.

Most stuffs I use, had to refine them personally and fine-tune them to my taste.
The way I trade patterns and structures, are unique from the general textbook and YouTube examples cause I've mixed my personal experiences to guide me better.

Watching GBPJPY- Let's see how it goes tomorrow.

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@nsg_usd - 1 hour ago

Quoted - nsg_usd

USDJPY Update- After the breakout from the Ascending Triangle yesterday, price is back for a rebound of the Flip zone (resistance turn Support) at the 162.84 price region.
To trade this rebound, wait for a solid low to form either on the daily or the 4hr, before joining the buys, as price might create a fake out before continuing the buys from the level.

USDJPY- Trade Update
After the retest of the Ascending Triangle, Price continued its rally, trading above 163,00 highs that was last seen in the 1980s.

Technically, I'm expecting price to get to the upper boundaries of the Bullish channel, possibly around 165,00

@kemi_allen_omevia @asuquokelvin @israeljasspu @victordtrader @godspowerdan

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@nsg_usd - 1 hour ago

Quoted - nsg_usd

GBPJPY- 4hr Trade Setup
Bias- Bullish
Technical outlook: Potential Bullish Flag Breakout

Spotted a Bullish flag forming on GBPJPY on 4hrs after the impulsive buys it had last week.
Bullish flags are consolidation patterns that often signify trend continuations when price breakout of it.
It's a phase when price rests and corrects after a strong bullish move, before continuing another rally. On GBPJPY a break above 218.41 will confirm the consolidation is over, and price is ready to continue it's rally.

GBPJPY- Trade Update
Price is still yet to fully break out of the potential bullish flag pattern region. It invalidated the trendline as a resistance and came back to retest it as a support.
An upside break above the 218.60 internal resistance level will result in a strong price breakout for a rally above 219.61

@kemi_allen_omevia @asuquokelvin @israeljasspu @victordtrader @godspowerdan

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@nsg_usd - 1 hour ago

Quoted - asuquokelvin

I won't wait for the breaks upward I will buy immediately price has given a confirmation already but it's 30% probability since price is still consolidating but I have set my buy limit let me hold with my SL in check if price buys till 5pm then I will wait for trigger

GBPJPY- Did it trigger your buys today? how did it go, are you holding it? It's just been consolidating today, but I'm expecting it to get serious with the buys from Asian session tomorrow.

@asuquokelvin

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@nsg_usd - 1 hour ago

Quoted - godspowerdan

I'm taking this sell on GBPJPY because the recent structure is bearish

You have to be careful though. Most times, JPY pairs don't sell strongly.
How did this go? GBP has been weak today and is the reason GBPJPY is not flying like USDJPY and CADJPY. I'm suspecting the Buys tomorrow or next week.

I'm not expecting the bearish structure to sustain for long.

@godspowerdan

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