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- Mpt replied Oct 31, 2018
A head and shoulders pattern rarely displays erratic price behaviour. On the other hand, erratic behaviour is most often displayed on the extreme right side of a large reversal pattern. One can argue that the move to 156 completed wave 4 out of 195, ...
Dragon Riders GBP/JPY
- Mpt replied Oct 20, 2018
Yes, this whole Brexit thing is tiring. Perhaps there should be a final realisation that the common market and EU thing was simply a ploy by Marxists to deny the existence of the nation state under an undemocratic and unrepresentative swill and ...
Cable Update (GBPUSD)
- Mpt replied Sep 19, 2018
Consider the length of the move March/April with this one thus far. They're both around 870/880. Then note the 1.618 relationship (thus far) that each of the Mar/April and August moves have wrt the downtrend move 154 ish /140 ish. (875 x 1.618) not ...
Dragon Riders GBP/JPY
- Mpt replied Sep 18, 2018
Maybe by only a few pips, but still in it's descending channel. GU bang on long term circular resistance. But break up probably suggests reversal back towards 149.5 and above.
Dragon Riders GBP/JPY
- Mpt replied Sep 6, 2018
Agreed. It appears the central pivot for a possibly larger correction sits around 142.5/7 (obviously). Re the overall base, am still unsure, but suspect it may be marginally under 139.5. Assuming this central pivot area can break, I would expect a ...
Dragon Riders GBP/JPY
- Mpt replied Aug 31, 2018
Apologies for not replying earlier. Your post came in during my night time. Frankly, a break over about 147/147.5 suggests completion of the current down trend (IMHO) as such a break would cross a long descending TL, the fib fan 76.4 out of 195x. ...
Dragon Riders GBP/JPY
- Mpt replied Aug 30, 2018
I'm aware that 139.5 never printed. Nevertheless the symmetry of this entire structure wrt that level and the high at 149.2/3 is amazing. The bottom set up a reversal that was tested after break out. The extreme bottom of the reversal (extrapolated) ...
Dragon Riders GBP/JPY
- Mpt replied Aug 15, 2018
My posts June 7 and July 25 still hold. Refer June 7 for the chart. July 25 stated " Overall structure per my post June 7 still intact following what MAY have been a C wave to 149.3. Finally dropped out of the weekly ichimoku cloud. Now testing the ...
Dragon Riders GBP/JPY
- Mpt replied Jul 25, 2018
Overall structure per my post June 7 still intact following what MAY have been a C wave to 149.3. Finally dropped out of the weekly ichimoku cloud. Now testing the daily cloud. Over about 147.5 negates medium term structure again. Still needs fall ...
Dragon Riders GBP/JPY
- Mpt replied Jul 13, 2018
I thought this forum was about USD/JPY. Or is it about usd/usd? It appears the world's third largest economy doesn't get too much of a mention in this place.
USD/JPY Discussion
- Mpt replied Jul 12, 2018
148.5/6 top daily and weekly ichimoku cloud. Over 149 negates a nine month long pattern for continuation down.
Dragon Riders GBP/JPY
- Mpt replied Jul 2, 2018
145.5. Getting squeezed by long term circular resistance. Break up requires a large push. Path of least resistance still a drop under 144.5/6
Dragon Riders GBP/JPY
- Mpt replied Jun 7, 2018
For what it's worth...This is why I stated a week or so ago that I expected top circa 147.5/148. A fairly long term (daily) diamond structure with a centre about 150x. Predictable as per a bounce from the lower apex, predictable with respect to ...
Dragon Riders GBP/JPY
- Mpt replied Jun 1, 2018
At what point does it cease to be a correction in yr books? A standard diamond reversal would allow for as far up as 147.5/148 before 139.
Dragon Riders GBP/JPY
- Mpt replied May 30, 2018
Should it be in correction it should bounce strongly from here (143x) or about 139 in the extreme. In a reversal it may bounce out of 135/136 ish before down again through 132/131. At this time the daily sustains at totally oversold, but suspect ...
Dragon Riders GBP/JPY
- Mpt replied May 17, 2018
A marginal break wouldn't be a big deal, but lower time frames suggest a pattern may be setting up, either for continuation or reversal.
Dragon Riders GBP/JPY