My market perspective

This thread will be for market overview and trades and stuff

Yesterdays action found here

http://swingtradingtheforex.blogspot.com/

Live trade in GPB/JPY waiting on video to load. Position is long

Possible 1hr channel forming in the GBP/JPY

Whatever you do don't buy anything I'm posting I'm Bi-polar and on meds...

Trade update added down to 129.26 or temp support also adjusted stops on 2 positions

Closed one for 24 points

Closed another for 50 pips. Will let the last one ride at B/E...

Well not bad

Here is one running in a daily channel.

I'm beginning to favor the bulls in gbp/jpy and here is why:

Daily chart suggests a inverted S/H/S pattern to target pattern @ 158.00. Price has not breached the neckline yet.

4h suggests compression in price action

from bullish view I'm bull down to 129.25
short term bull tgt about 136.40

Keep in mind the major trend is still in down mode, but retraces can be fast and furious. Don't be to greedy!

I don't see much in opportunities and so we wait until a situation develops

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Last position up 287 pips

Possible 1h channel bust

I think I'm beginning to see resistance forming around 91.69.

Stops in place and I believe a channel is forming. Stop tight

This did not work out and so we got stopped for a loss...

I'm seeing a inverted head in shoulders pattern trying to form in gbp/jpy to trigger neckline to pattern tgt 156.

Here is an interesting one. I think it goes bull on a pop of the down channel.

USD/JPY is currently in trend acceleration mode into resistance and so caution here is advised. Now should it blow by resistance then carry on...

This one needs a break out of the range to tgt blue lines