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SwissPips
١٦ أيار مايو ٢٠١٨ ١٠:٣١

GBPJPY: Sell the pull-back, targeting 147.700 بيع

British Pound/Japanese YenFXCM

الوصف

Hey guys,

I am opening a new idea about GBPJPY so that you can zoom out on the multi-timeframe charts. As you know I am seller of this pair at the moment.

I will wait a pullback and will sell it.

I will target 147.700 but it could potentially go lower.

Happy trading

Jesse



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Is it me or Tradingview is currently super slow?

The above chart will be my plan for this currency.

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It could be this level but need extra confirmation

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Opened my position because it looks like this level is not supported by buyers anymore.

volume is decreasing, sellers should be back soon

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This pair is really crazy lol

Adding more to my shorts

Sell it high!

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Keeping my short position

For me it is an agressive pullback nothing else

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Very agressive pullback indeed but The downside should resume

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It has decided to test this top cluster again but volumes are not in = going down again

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Look at this b*tchy pin bar on m15

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Ok now let’s hope it reaches target as fast as it went up crazy over the last hour

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I mean who would dare buying this seeing m15 candle ? It’s a 30-pip pin bar

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oh oh!

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Maybe of neckline testing but it should now go down for good !

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PATIENCE GUYS! :-)

Yes it could be H&S with parallel shoulders, but of course on M1 it's not as powerful as on H1 or H4

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Off the screens for a while, I will update soon

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Going down nicely, finally

b*tchy pair

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must have caught a few bulls in its way

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The pair is playing with our nerves but for me technically it is bearish.

Last update for the day, I have got a bad headache today

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Sorry wrong copy paste

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H4 H1 and M15 are showing the same thing FYI

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Hi guys

Big news on Brexit’s agreement during the Asian session ! This has been interpreted by the market as positive and therefore changed the setup unexpectedly!

Since I did not put any SL I am still in this trade, I will watch what happens during the London session. My view is still bearish though.

I will watch if it bounces from previous resistance or not.

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Still stuck in this F**** Trade.

We are at a resistance zone again.

For those complaining in PM keep in mind that I am not God. I have used exactly the same strategy as with my other trades.

I don’t use SL because I consider SL are manipulated by market makers, they know where they are placed and play with them.

If you see a few bars ago on H4 the setup was indeed very bearish.

Thanks for all your support

Back in a while
J

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Quick update ***

For those still in this f* Trade

Shorts just woke up. I hope they do it for real now.

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Guys just read that:

´The up-move ran out of steam near the very important 200-day SMA after the UK PM office dismissed the report and the UK PM Theresa May reaffirmed the same by saying that the UK will be leaving the customs union.´

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This is why it is going back down

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The news was about GBPUSD, for your information

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Thanks for your positive comments, you guys are amazing!

I will detail probably this weekend my strategy. The goal is for you to share those setups in my idea posts whenever you see them and to bring as much as information/inputs as possible in order to take a trade or not.

I believe that the more people are focusing on an idea, the more it has a chance to succeed.

We will work on a selected pairs only, but I will explain this later on.

Cause in the end we are all here because trading is a passion. We are also here to make consistent profits and money.

Looking forward to starting this new adventure with you guys.

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Rejection at fib level + top of the channel

The target now could be seen lower.

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I have added two fib legs, and there is an interesting area for the target

Check this out guys

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So 147.300 could be the new target guys

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The strategy I will describe later on are based on trades which are open max. 1 or 2 days targeting 1 or 2 fib levels only, especially with volatile pairs.

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I am about to go out a couple of hours.

It is really sunny in Geneva today (we've had a couple of days of heavy showers) so I will take advange of this wonderful weather :-)

Before I go check this out guys.

This is what happens when the pattern and the volumes are diverging.

Does that remind you of something?

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I hope H4 stays the way it is now and doesn't want to and test the top of the channel again. But I doubt given the strong downside we've had over the last hour.



See you guys!!

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On my phone right now. What a crazy f* pair !

Forming currently a potential hs on m15 but should not go higher

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Let's see where it goes from here

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Interesting point guys check this out

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This pair is so manipulated, I hate it today

Re-testing the right shoulder !

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COME ON BEARS !!!!!!!

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Good news guys there is a divergence on short-term M5

and we have a possible HS formation as well.

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Hs violated.

Let’s Hope it will hold and be a double top

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Interesting

https://ttps://www.tradingview.com/x/qQmIBlMi/

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come on bears !!!! juste validate this lovely double top !!!

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this is the only divergence in terms of volume which could TEND to say that bulls are maybe less agressive....

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Similar scenario, the 9th of May.

on M1, OBV divergence look what happened

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note that the divergence of these days is MUCH MORE important than the one I showed you previously.

Gosh how many posts for one and only idea? hahaha

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Don't know why but I like the look of this hs pattern lol

Looks proper than the other one

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If this HS pattern is valid we could have our reversal

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As long as price doesn't go beyond the right shoulder this pattern is still valid

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1 minute view

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Currently watching this

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Just broke my neckline aggressively

COME ON BEARS !!!!

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Is yoyo time over ? Let's hope so !

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Apparently not. What a f* pair

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We'd better be rewarded for all this pain and patience LOL

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Just got back in the pattern.

Expecting imminent downside otherwise the pattern is no longer valid........

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Bearish divergence formed on H1

Looks like the smart money is ready to sell anytime soon....


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For those of you who are PM me here is the reason why it is stuck at this level: we are at a fib retracement.

Expecting to go AT LEAST to the bottom of it very soon...

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Guys what is the impact of CPI on this pair usually, I mean historically? It is super violent ?

I don't like having open positions while I am sleeping

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I am expecting an imminent drop !

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Would be great to have a lower low forming, it seems it has started

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lower high* sorry

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Making lower highs verrry slowly

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H1: 4 pin bars in a row

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It has maybe started....

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Off til tomorrow.

Hope all goes well !

Good luck guys

Jesse

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Last chart of the day!

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3 resistances to break

The wedge has been broken to the downside

Bearish divergence

I can't see this bullish....

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The targets are shown in the chart below.

If it has to drop hard, it's today !

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Are you guys ready for the drop ??? :-)

Happy friday

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The slope of the wedge is nearly vertical, suggesting the drop is gonna be sharp

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I have updated the chart according to my strategy. This will be discussed and used soon.

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Testing the bottom of the wedge. Should not go higher

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Ready to drop, I have added some shorts

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*yawn*

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If you check historically this pair usually likes to wake up a bit later than other pairs at around 10.30/11.00 Paris Time, so in about 15 / 45 Minutes. Let’s make another coffee

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retest of the retest

Come on ! Neef some excitement for the last day of trading!

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Need*

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My forecast: a drop in max. 15 minutes. Post yours!

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Manipulation manipulation. Anyone influent on Twitter to spread a rumor on GBP? hahaha just kidding..!!!

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The countdown has started. 10 minutes to go

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OMG I'm becoming nuts. How can I work with this sh* lol

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I am currently like a kid in front of a big cotton-candy

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I m not adding more shorts from here keeping my current positions. Patience is now key but support was broken.

Enjoy your day / afternoon/ evening!

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149.800 being a new resistance

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Europeans sucked this morning, counting on the americans to do the job :-)

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are you guys also off this Monday?

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The game has started guys

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Let’s hope now it goes down fast and does not create any sort of pattern inside the pattern until it reaches our target :-)

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Ok now it’s Time to relax !:-)

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Next week we will work on our entries, need to master them! Back in a while

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Has room to go all the way down to 145, remember what did EUR/AUD (check the idea if you haven't yet).

But my target will be one fib higher, as shown

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Guys, hopefully it will go and test the bottom of the channel which is also a fib level.

I will therefore target this area FIRST. Wait for a pullback and short it again.

But my first target will be around 148.50 which is a confluence zone (channel+fib level). The fib level comes from the bigger structure on the left as shown.

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I meant today* obviously. Final target unchanged !

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A little Zoom

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Closing your position at around 148.50 is the safer solution because a pullback will occur at this area.

Let's hope it goes all the way down within the next couple of hours!

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I think it could touch this level by tonight.

It would be already a very nice profit and happy to book it in my account ! :-)

We should divide this long trade in two steps IMO...

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I think it's gonna make it guys, bears are being quite agressive lol

would be a wonderful end of week !

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This is what happened a few days ago when price was at the top of the channel and went down, just as today.

Look how many hours it took to go from north to south.

4 hours !!



The exact same story could repeat again today

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Pulling back before going down again.

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Volume on m5 and m15 bearish the downside is resuming

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M5: Price just broke the flag

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It could be a channel and not a flag..... in this case i doubt we will make it today.....

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M5: Making lower highs. About to break down

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Can’t show you the pattern I am at the gym ! Lol

It’s a nice triangle, we are soon going down again

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Approaching the apex !!

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Meaning it should be explosive again

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In the Apex zone (termination of the pattern) price has no choice than to go down

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It should be in a couple of Minutes the pattern is nearly at its end

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This support should technically break....

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Price is not respecting the pattern... wait and see then

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Channel... the resistance of 149.270 shows bearish volume on m15 and m5. It should hold

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It’s a channel and supposed to be a continuation pattern. I will see what happens around resistance zone, we could have a false breakout.

Depending on that I will book partial profits and let trade run until next week.

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Looks like a false breakout

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For me the picture is clear....

But I am afraid we will not have time to get to our target, it's Friday night and people have something else to do than to kill this pair LOL

It should go down, let's see if it breaks the channel or not. I think it might just go up and down until the end of the session.

I will maybe book my profits, because I don't wanna get killed with the weekend spread.

I might get back in on Monday...

And you?

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weekend swap sorry *

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If you guys find the content of my posts interesting, please like my ideas. Thank you !!

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This is to explain how powerful the pitchfork can be.

It has been applied to last week's winning trade on EUR/AUD. Check this out guys

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Last example with GBPNZD.

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Sorry, this chart replaces the previous one.

Use it, you will get amazing results !

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More updates tomorrow at London's opening.

Enjoy your sunday guys!!

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Hi guys

I have got a nasty cold today so won’t publish as much as usual.

Anyways do not hesitate to interact in the comment section.

My target is unchanged to 147.70.
Jesse

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Are you guys gonna play it all they way down to the bottom of the pitchfork or playing a potential rebound at the support line?

I still don't know I am waiting to see if we have a strong bearish candle which breaks the pattern or not. If it's hesitating I will close the trade at the support line and will short again if it goes up to my target.

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This is my plan.

Going back to bed...

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WIll monitor the trade since we are close to T1

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Currently trading at a fib level

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The bigger picture

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OK guys, the fact that we have a potential HS on H1 and H4 made me adjust my pitchfork. I will post it in a couple of minutes but it looks like price could go and test the median line. As you may know, the median line acts like a magnet.

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We have on H4 and H1 bearish divergence with volumes (price is going up volume not)
If you look at ABC on my chart price have always been pushed down to the median line
We have potential H&S pattern on H1 and H4

In this case, the target could be lowered at 147.00 which is the median line level

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we actually had the same scenario with two of my calls on EUR/AUD

One was from the top to the median line
and one was from below the median line to the bottom

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Daily view

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Off for a while

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ZzzzZzZzZ

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4'000 views, I think it's a record for one of my ideas !!

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Ready to droooooooop

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I mean... well....

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Boring. I will let the trade run. We are close to the trend line I am expecting the pair to break it....

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Bears need to push it down agressively. Otherwise it can still go back and forth

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OK I have analyzed volumes and they are not increasing. so here's my plan:

When we will get close to the trend line, IF WE BREAK IT, we need to see strong volume.

If I don't see a spike in volume, I will close the trade, wait for a pullback and short again.

Because if no strong volume = not enough power to pull it down.

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here = at the support line

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Very nice engulfing on H4

I will k eep the trade but will maybe close it before the asian session.

Because the structure (bearish flag) will be tested, I am pretty sure.

But since we have a bearish engulfing candle it could go lower so I will take my profit in max. 4 hours

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hopefully it goes to the next fib lower in the next 4 hours

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I don't see bullish divergence on M5, M15 or M30 so for me it's still a short

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Price should re-test the support again.

If I see bullish volume I will close the trade, otherwise will let it run until next fib level

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Still no divergence on m1, m5 and m15 with price.

It should go lower

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PB soon over.

Either will rebound from former support or break below

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strong divergence on M1

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still in the trade

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ok guys, last update for the day !

Since we will enter the asian session with no major news I will target the fib level at around 148.670.

If I get the chance to close the trade I will re-enter tomorrow.

Have a good evening/night !

Jesse

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Will even target 148.500, it's a psychological number and it has been reached many times in the past (see my chart).

Good night!!!

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What a nightmare to trade this pair over the last days....

Since I am stuck with this pair and that we are expecting volatility I am moving my TP to 148.200.

It's a swing low and an important fibonacci retracement from the top.

Good luck guys

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NEW TARGET: 148.200

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This swing high shows a contraction in terms of volume in M15 and M5 suggesting price could fall from here

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ok guys, everything is explained in my below chart.

Probably one of the last posts regarding this idea!

Best

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very nice drop.

The pair should pullback and drop more, my target is 148.200

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will add to my shorts at the level highlighted in blue

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Volume on ST suggests PB is on

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now let's see where it goes ideally not more than 23 or 38 %

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Ok PB means coffee time :-)

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Looks like the pair wants to re-test the neckline of the H&S pattern which is also a fib level. I don't think it will go and test 61.8% level because it's too high.

I will place my shorts on 31.8 and 50 levels

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PB is not over yet

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OK looks like the PB is over. I hope you guys placed the orders according to the fib levels. Now it looks like serious things can start :-) Looks like bears are nervous!

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The volume trend (bullish until now for the session) has been broken to the downside

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This is the moment I've been waiting for a damn week !

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M15 and M5, same story since one week

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PATIENCE PATIENCE AGAIN AND AGAIN I know it's painful...

أغلقت الصفقة: تم الوصول للهدف

التعليقات
CBMotivation
I've re-entered, that movement happened on a few pairs, crazy stuff. Huge pin on 15.
erikarter
I hope it will break it, if not today maybe tomorrow. We have a Bearish Flag at 2 Hours Chart. As soon will break it we have more than 160 Pips.

(sorry my english)
rhux57
Well, we see Gold and Yen going up, people take profit on indices, I see 2680 next week in SPX500. Should be good for our Trade.
erikarter
Yesterday hit my Stop Loss, but I'm thinking enter again. We have a bearish Gartley at 4 Hours Chart.

SwissPips
@erikarter, excellent News ! Thanks very much for your input
CBMotivation
Just got in from a long walk by the River Thames, and sure enough, the £ is not playing the game..... ha ha
SwissPips
@CBMotivation, not playing at all my headache is back... lol
CBMotivation
@SwissPips, added to my position at the top, wiped out my losses in 5 minutes, seems alright to me mate ha ha
SwissPips
@CBMotivation, Hahah. I feel the double top is in place !
CBMotivation
@SwissPips, looks like it to me, have the same on GBP / NZD.
المزيد