is go up or down any one can tell me
GBPJPY 217 replies
Where is the next major move? 7 replies
AUS/USD What direction will it move in the next month??? 7 replies
Gbpjpy 6 replies
Disliked{quote} Do you mean over the next hour (after the market opens), or over the next month? {quote} GBPJPY is at the highest it's been since 2008. Hence if you short it profitably, you've successfully picked a significant market top. It's easy to say "just short it", but how much higher will it travel before it falls? 10 pips or 500 pips? Those who apply textbook wisdom and use stoplosses would need to know how wide to place them.Ignored
Disliked{quote} I'm short from 175,260.SL is at 176.010 and my TP is ta 174.00.Us i see it.174.00 us you sayd was the highest since 2008 and my thought is that if we whant to go higher we need to retest it.everything can happen i could be also badly wrong.Ignored
Disliked{quote} Thanks for your brave reply! I see the next obvious resistance point (D1/W1) at around 176.80, but it's clearly massively 'overbought' at this point, and like you say, anything can happen. I could easily be badly wrong too! From victor_ray's link, I see that 89% of FF members are bearish GBPJPY. Strength indicators (see screenshot) say that GBP (D1/W1/MN) is very strong, and JPY weak, which really does little more than confirm what we already know. I think a lot will also depend on GBPUSD. Its D1 chart possibly suggests that the last...Ignored
DislikedEveryone has a different point of view for any trade-pair.Jarrat and victor can says whatever they whant and take any trade that they whant but i'll stick to my charts with my plans and i'll trade what i predict and what i see.Ignored
Disliked{quote} Exactly! Every trader should follow their own rules and analysis, and not be distracted by outside opinion. Like you say, there will always be traders with a bullish view, and others bearish. That's what makes markets work, of course.Ignored
DislikedAlthough I don't like to post signal view as but since BogiFx is putting chart to defend the claim which is much better than the his first post "just short it" ... So I guess I'll just add some fuel... Right now GbpJpy is stuck between lot of pivots resistant point and trendline points. I am expecting tight range in the "cicle price range for 2 day" .. then It should break down from the top channel below the monthly R1 which would be the ideal point to sell GJ with stop above the upper channel line. {image}Ignored
Disliked{quote} I'm short from 175,260.SL is at 176.010 and my TP is ta 174.00.Ignored