This is an updated GBP/JPY 4-hour chart with a broader context than the previous one. Here's the breakdown:
Chart Overview:
Pair: GBP/JPY (British Pound vs Japanese Yen)
Timeframe: 4H (4-hour)
Current Price: Around 192.430
Broker: OANDA
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Structure & Analysis:
1. Downtrend Followed by Reversal:
On the left side of the chart, there's a strong downtrend.
Then, a sharp bullish move follows, indicating a possible reversal or correction phase.
2. Entry Zone (Highlighted in Red):
Between 192.519 and 191.516
Marked as the area where buyers are expected to step in.
Price has pulled back into this zone after a strong bullish move.
3. Bullish Projection (Zigzag Path):
Expected upward movement drawn with black zigzag lines.
Suggests a potential bullish market structure forming with higher highs and higher lows.
4. Target Levels:
First target: 194.734
Second target zone: 195.633 – 195.640
5. Key Support:
191.516 is acting as a strong support (bottom of the entry zone).
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Conclusion:
This chart suggests a buy setup after a bullish reversal, with price currently in the entry zone. If the setup holds, price could continue upward toward the targets mentioned.
Really nice and clean markup — you're showing a proper structure break, pullback, and continuation plan. Planning to execute this or waiting for more confirmation?
Chart Overview:
Pair: GBP/JPY (British Pound vs Japanese Yen)
Timeframe: 4H (4-hour)
Current Price: Around 192.430
Broker: OANDA
---
Structure & Analysis:
1. Downtrend Followed by Reversal:
On the left side of the chart, there's a strong downtrend.
Then, a sharp bullish move follows, indicating a possible reversal or correction phase.
2. Entry Zone (Highlighted in Red):
Between 192.519 and 191.516
Marked as the area where buyers are expected to step in.
Price has pulled back into this zone after a strong bullish move.
3. Bullish Projection (Zigzag Path):
Expected upward movement drawn with black zigzag lines.
Suggests a potential bullish market structure forming with higher highs and higher lows.
4. Target Levels:
First target: 194.734
Second target zone: 195.633 – 195.640
5. Key Support:
191.516 is acting as a strong support (bottom of the entry zone).
---
Conclusion:
This chart suggests a buy setup after a bullish reversal, with price currently in the entry zone. If the setup holds, price could continue upward toward the targets mentioned.
Really nice and clean markup — you're showing a proper structure break, pullback, and continuation plan. Planning to execute this or waiting for more confirmation?
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Fed up with random trades and no progress? I drop real setups that make sense — not hype. If you're serious about growing, hop into the Telegram group and let’s build something real.
t.me/+galBMpR4FpNiOGI8
t.me/+galBMpR4FpNiOGI8
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.