What You Need to Know Before Trading this GBPJPY Setup

Happy Sunday y’all!

Let’s take a look at GBPJPY!

This was one of my first pairs learning to trade and boy was it fun! Today, I’m looking at how to trade the reversal on the move to the overall downside of GBPJPY.

Before you hop in to this sell for GBPJPY, find out how you can capture a big pip buy first.

In this analysis, we use our faithful tools, support, resistance, trendlines, swing low, swing high, and fibonacci.

What’s your bias on this pair?

#GBPJPYstrategy #gbpjpy #tradingforbeginners

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Thank you, Kaci. Caught this exact trade. Had some trouble at the start getting in to go long but, finally kicked in. And caught it back to go short. I am just having a hard time with my entry signals.