hey guys on the GU 4hrs charts this bull run, 50 % fib is at 1.6200
would this be the interest area to buy? if so on what conditions?
would this be the interest area to buy? if so on what conditions?
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DislikedHi, yes I'm keeping an eye in this area 6200 gu see what happensIgnored
DislikedHi dan, first congratulations on new baby. The usd/jpy has been bearish for some time as you can see i started to see an upward move and took a demo long @90.50 what i would like to ask is at what point do you start to change your bias after seeing either a bearish/bullish move using this method i have noted that the longer term 50%fib from the 97.77 mark would take us to the 93. mark where it could resume it's bearish bias hope you understand the question.AttachmentIgnored
DislikedCastlerock, I realize you posted the question to Dan. Apparently, Dan is busy with his baby at the moment. If I may offer my observation. I'm presenting a Week 1 Chart and a Daily Chart to show you what I've been seeing for a few months. Start with the WK1 chart, which shows that UJ is in a downtrend. The apparent bull move you see is likely a retracement back to the WK1 resistance line shown in the WK1 chart.
If you go to the D1 Chart you'll see a down channel that started about March/April of this year. I've been using it to trade UJ. It has...Ignored
DislikedHi ricky yes I'm looking at the same thing as you it is a bit of a counter trend tread i have taken here i seen what was a bit of a bullish move and had been eying the 93 mark for a sell thought there might be a couple of hundred pips in this if it gets to the 93.00. 93/50 is where i will look for a short if it breaks 93.50 then it could go to 98.00. AttachmentIgnored
DislikedHi ricky yes I'm looking at the same thing as you it is a bit of a counter trend tread i have taken here i seen what was a bit of a bullish move and had been eying the 93 mark for a sell thought there might be a couple of hundred pips in this if it gets to the 93.00. 93/50 is where i will look for a short if it breaks 93.50 then it could go to 98.00. AttachmentIgnored
DislikedHi coolshades,
Im watching it. Its hit fibs 50 again.
Im looking at a possible entry at 1.0500 since it didnt hit 1.0600.
what do you think?
Also keeping an eye on U/J.
What do you think of G/U? It didnt reach fib 50 nor 1.6200 but it did hit 1.6250. the only concern id have is the massive pin formation on the weeklies chart...Ignored
DislikedHi Castlerock, I like your fib set-up on the charts, any chance you could post one similar. 93.50/98.00 are key areas, excellent stuff.Ignored
DislikedSo far the 1.0200 is looking good for a sell IMO looks as if 50%fib, trend line, 1.0250 might hold will see what happens.AttachmentIgnored