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GBP/JPY

Quoting msniper
{quote} forget about it GJ closed above the down channel that's bullish not good to go short
I see the same thing, retest of the TL and go long..
Trade what you see, not what you think.
132.70 should be next. Confluence area .
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I can see bearish divergence on 4h and daily

which might playout if we reach somewhere near 132.50 to 132.90

to target a retrace alll the way down to below 131.50

from from below 131.50 is a good buy
Quoting msniper
I can see bearish divergence on 4h and daily which might playout if we reach somewhere near 132.50 to 132.90 to target a retrace alll the way down to below 131.50 from from below 131.50 is a good buy
it reached exactly 132.50 and went down

I didn't short at the top but I just shorted at 131.94

I think we have 2 scenario

1- retracement to 131.00 and from there buy

2- we are having now major reversal area and we heading down to below 129

I am confused between which scenario I should pick but since we still below daily gann I would choose scenario 2 until daily close above gann
Intraday trading..
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Quoting msniper
{quote} it reached exactly 132.50 and went down I didn't short at the top but I just shorted at 131.94 I think we have 2 scenario 1- retracement to 131.00 and from there buy 2- we are having now major reversal area and we heading down to below 129 I am confused between which scenario I should pick but since we still below daily gann I would choose scenario 2 until daily close above gann
It bounced off the resistance and luckily I took a short, I'm targeting the 130 to 130.50 area and that coincides with the retest of the broken TL.

Will be looking for reversal signs in that area in order to buy and most probably hold onto the rocket this time... Who knows
Trade what you see, not what you think.
Quoting karmostaji
{quote} It's nuts lol, to be honest with you, I don't like this large retracement we just had, I don't know what to expect now, gotta wait and watch GJ see-saw

im hoping it goess downnnnnn alll the way
GU have bearish pattern I think it will drag GJ down

news after 45mins
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what is the BOE governor saying?
I hope you speak badly of the English economy, I'm short
I am bullish on GJ, will add more longs if it drops.
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Quoting msniper
GU have bearish pattern I think it will drag GJ down news after 45mins {image}
nice drop for both GU and GJ

price now 1.2229 and 131.50

I exit all my short because kind of scary

I will see later if I should go long or wait for daily close
nice drop! closed
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Quoting anjelika
nice drop! closed {image}

Real account?
Watching 1hr chart. Lets see which side it breaks.

I am bullish, waiting for break to add more longs.
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Quoting karmostaji
{quote} It bounced off the resistance and luckily I took a short, I'm targeting the 130 to 130.50 area and that coincides with the retest of the broken TL. Will be looking for reversal signs in that area in order to buy and most probably hold onto the rocket this time... Who knows
I closed my shorts yesterday at 130.50, the down move looks exhausted.

Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.
Trade what you see, not what you think.
Quoting karmostaji
{quote} I closed my shorts yesterday at 130.50, the down move looks exhausted. Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.

Are you long?
Quoting karmostaji
{quote} I closed my shorts yesterday at 130.50, the down move looks exhausted. Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.
I am thinking to short both GJ and GU and SL the top of yesterday at 132.50 and 1.2296 with targets new low for both

yesterday daily candles tells me we are bearish
not very comfortable with GJ so instead I shorted GU

I shorted GBPUSD 1.2200

SL 1.2300

TP 1.1815
Quoting msniper
not very comfortable with GJ so instead I shorted GU I shorted GBPUSD 1.2200 SL 1.2300 TP 1.1815
My TP is 1.2100
Quoting msniper
{quote} I am thinking to short both GJ and GU and SL the top of yesterday at 132.50 and 1.2296 with targets new low for both yesterday daily candles tells me we are bearish
4h candle close is a bullish engulfing and above the 4h resistance of 131.65 area, I'm expecting a retest of 132.40 area and hopefully a break above.

My SL is already set at B/E, so I'll take some patience pills and relax.
Trade what you see, not what you think.
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