I'm skeptical about a reversal. Could happen but does not seem probable too soon

This pair seems to go towards 148.5

Good call. This level is right at the H4 EMA62 value, which seems to be a pretty good short term resistance

Beautiful! Dragon getting mercilessly hammer smashed. Riding it all the way down. TP set just above 132, SL @ 137.43 (trailing stop) video

Anyway, selling at these support level (maybe soon to be resistance) 136.70-80 is risky business now. I'll stay out for a while

IMHO most of the traders are still long. Guess what's next move... Today and tomorrow market could move barely sideways, if at all. But next week we might open with a gap, then probably extended stop hunts on low volumes, and a sharp yen spike ...

Next UJ support is at about 107.7. I wouldn't rule out a quick spike down (~150 pips) to that level. Trade carefully

After this small stop hunt move, I would still expect some bull trap move and then down we go. Tomorrow we could test 135 IMO

It IS bullish. Looking forward to sell to you

Well...optimistic would be a more proper term.

I'm getting a little greedy here: [email protected]

The question is: will it be a quick dump or a pump and dump below 136 at the beginning of US trading session...? We ll see soon

Getting prepared for 134.30. Looks like it s time for cable to break below 1.24 again.

There seems to be some buy interest in 136.70 area. Watching UJ as it is at very important level now (hit bottom of downside channel). Looking to sell again above 138.5

I guess if it would go up know, everybody would make some nice money So, we are going down all the way, getting all those stop losses executed. Too bad I closed my shorts...

138.5 might also be a good opportunity to try reloading some shorts

I decided to close my shorts with consistent profit (entry price ~ 139.8). Although my initial target was 134.3., this looks slightly probable, as PA shows the bearish trend seems rather exhausted (triple bottom around 137, 136.9 support strongly ...

IMO, the PA indicates that we are going towards 136.90, which is an important support. From there it could range and then all the way to 134.30

GG, awesome read

The downtrend move might accelerate this days and continue until we hit the 134.30 level. This level seems more probable now as it is fueled by yen strength and ranging cable.