Hi All,
GBPJPY H1 PA Still bearish, and make Lower High ... now to be test to Lower Low 157.15
Cheers
GBPJPY H1 PA Still bearish, and make Lower High ... now to be test to Lower Low 157.15
Cheers
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Disliked157.7 strong resistance from yesterday and gj will break them cause ej otw to 135.my tp 158.2 at the end tp 160.Ignored
DislikedHow goes it, fellow traders??? Been taking a break for a bit... trying to get back in the groove and all. It's been an interesting week so far with those JPY retail sales last night as I'm pretty sure it's the reason for the yen strength as of late. Unfortunately, I haven't traded it as well as I would have liked. How about for the rest of you guys? This thread sure has been dead lately.Ignored
Disliked157.7 strong resistance from yesterday and gj will break them cause ej otw to 135.my tp 158.2 at the end tp 160.Ignored
Dislikedso ffar no matter how you slice and dice it....this pair is bullish frm the august lows it could only make a .382 retracement and is boncing off a trend line making higher lows and is carving out a potential inverse head and shoulders pattern...lets enjoy the ride higherIgnored
Disliked{quote} I see a complete 5 wave move, A-B, and now in the C wave, this is potentially start of iii down. careful longs. full disclosure: (very) short GBP/JPY.Ignored
Disliked{quote} wave iii seems to be playing out. so far series of 1-2, 1-2. GBP/JPY is lagging compared to EUR/JPY, but chart wise, GBP/JPY has huge decline potential (more than EUR/JPY), just be patient. *ok have to clarify my statement: more potential PROVIDED IF the very bearish scenario in EURO is not playing out YET (that means a weekly chart level move)Ignored
Disliked{quote} daily still uptrend so that easy too to going up. we need more patience.Ignored
Disliked{quote} wave iii seems to be playing out. so far series of 1-2, 1-2. GBP/JPY is lagging compared to EUR/JPY, but chart wise, GBP/JPY has huge decline potential (more than EUR/JPY), just be patient. *ok have to clarify my statement: more potential PROVIDED IF the very bearish scenario in EURO is not playing out YET (that means a weekly chart level move)Ignored
Disliked{quote} It is in wave c of 4. After completion of its triangle or wedge (still unknown) it should move to complete wave 5 (of 5 of 3) to the upside. The initial move to finish at 159.9 was the end of wave 3. The final wave should complete somewhere around 161/164, depending on when it meets the resistance that sits above. This wave c of 4 should (theoretically) complete at maybe 156.3 ish or down around 155x, but not below 153.3. A drop below 154.6 and a close below 153.3 negates all I have just written.Ignored
Disliked{quote} yes agree with wave c, but looking at gbp charts and jpy charts separately, it seems to confirm a slightly more bearish picture - I am not sure why!Ignored
Disliked{quote} But if it still does not make a new low in this pass, it could still be in the correction, with 158.4/5 a real possibility before it leaves this present corrective phase and completes c of 4. Suffice to say, I hate corrections like this.Ignored
Disliked{quote} yes. GBP seems to hanging on for quite some days now! on the aggregated charts I am seeing a Leading diagonal to the downside, but still waiting for follow through, if not this might make another new high/lower high. edit: on a second look, seems like the mess was wave iv of c of B of 4 of C, so this may be going up for a wave 5 of C...Ignored
Disliked{quote} Yeah, they would be better described at d and e, but, frankly, just as soon as you think you've got a \"handle\" on some moves in corrections, it proves you wrong. This rubbish may go on for days. A similar one in may went on for more than 10 days - this one has been 6.Ignored
Disliked{quote} yeah. the count seems clearer now. planning to exit my shorts at around 157.45 and looking to reenter around 158Ignored
Disliked{quote} Whatever you do, please don't allow my comments to force your choice. As I said, trying to pick the moves in corrections is hard and often wrong. You know, it may be in an expanding triangle (top 158x) or it may just be a zig zag that looks like a an expanding triangle. A little like those folks who see rats or rabbits in photos from Mars - whereas it was just a rock and always will be a rock. Anyway, hope it goes ok for you. Regards.Ignored