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GBP/JPY

Quoting karmostaji
{quote} The pills are working on the 4H, QQE has crossed downwards, closed below gann hilo and 50ema, all strong bearish signs to me.. My 1st target is 130.50 and 2nd target is 128.50 area.
Price has stayed below 132 which is key, no signs of reversal so the bear train shall resume
Trade what you see, not what you think.
Quoting karmostaji
{quote} Price has stayed below 132 which is key, no signs of reversal so the bear train shall resume
Pop in some more patience pills

As long as price remains below Daily and 4h Gann, 3rd target could be 126.50 area.

Lock in profits because this beast can go wild if it wants to..
Trade what you see, not what you think.
I am going against the trend now I will try to long now 130.68

sl daily close below 130.65 or 130.30

lets see if this risky trade will work
Quoting msniper
I am going against the trend now I will try to long now 130.68 sl daily close below 130.65 or 130.30 lets see if this risky trade will work
I will stoploss now 130.74minus 10pips

I think the beast js not ready yet to go up. I will be looking to buy between 128.50 to 129.70 better
Long 130.17/50 tp flexible
Quoting karmostaji
{quote} The pills are working on the 4H, QQE has crossed downwards, closed below gann hilo and 50ema, all strong bearish signs to me.. My 1st target is 130.50 and 2nd target is 128.50 area.
1st target

2nd target here we come
Trade what you see, not what you think.
Quoting msniper
{quote} I will stoploss now 130.74minus 10pips I think the beast js not ready yet to go up. I will be looking to buy between 128.50 to 129.70 better
I would consider going long anywhere between 128.50 and 126.50 which are the 61.8% and 78.6% Fib levels on the daily, ofcourse after getting reversal PA in that area.
Trade what you see, not what you think.
Im in
I like the patience pills, first good trade in a long time, short from 132.600, closed half at 130.700 but things like that happen. 3rd day in GBPJPY is a new record for me.
Quoting karmostaji
{quote} Price has stayed below 132 which is key, no signs of reversal so the bear train shall resume
Clearly, I am an idiot.
Gone to a better place
Quoting kuroro001
Short 132.87 Will add another lot higher
Taken most at 130.35, maybe we go towards 129.24 next, else its heading back to 132.20

Lots of bullish divergences around here
COT: The precious data ignored
Quoting Kuoppis
I like the patience pills, first good trade in a long time, short from 132.600, closed half at 130.700 but things like that happen. 3rd day in GBPJPY is a new record for me.
Good stuff
You've got to stick to your plan and have patience for it to play out, it will not always go our way but hopefully most of the time it will.
Trade what you see, not what you think.
I've closed most of my shorts, I don't like the doji candle on the 4h..

Protect profits
Trade what you see, not what you think.
Quoting karmostaji
I've closed most of my shorts, I don't like the doji candle on the 4h.. Protect profits
that's good congrats
I think GJ finished the 1st wave of selling and will start retracing or maybe reversal

once we get close above 130.65 it will be good to long with SL 130.20

and target minimum 131.30
Quoting msniper
I think GJ finished the 1st wave of selling and will start retracing or maybe reversal once we get close above 130.65 it will be good to long with SL 130.20 and target minimum 131.30
Agree, if today's low is not taken out, then first retracement is 131.30 area and if 131.80 is broken then I'll consider it a reversal.
Trade what you see, not what you think.
Quoting karmostaji
{quote} Agree, if today's low is not taken out, then first retracement is 131.30 area and if 131.80 is broken then I'll consider it a reversal.
the real question bro we are in 130s now

which one is first the 134s or the 124s and 126s loool
Quoting msniper
{quote} the real question bro we are in 130s now which one is first the 134s or the 124s and 126s loool
I'm not worried about that, grab the pips either way it goes.

If today's candle closes like a pin bar, manage to close above 131.80 area and daily gann in coming days then we shall see 134s and higher by next week or so.
Trade what you see, not what you think.
Hi Traders

My view on Geppy, heading south to complete final leg of the correction before a massive bull rally.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily ABC.png Size: 86 KB
Quoting karmostaji
{quote} Good stuff You've got to stick to your plan and have patience for it to play out, it will not always go our way but hopefully most of the time it will.
Thanks, still short day 4, dont have a visual buy yet so will let it run and check back in a couple of hours.
Patience is the thing and not only do i need more but a lot more, so doing this test "always In", no exit before good entry in opposite direction and ready to take it, some small missing link there for me also.
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Yerucham