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Dragon Riders GBP/JPY

  • #26,721
  • Sep 5, 2017 12:50am Sep 5, 2017 12:50am
Which way: up or down?

My view: Looking at 4 hourly chart;
- still have a falling wedge
- sitting at current level for last 3 hours, indicates indecision and getting ready to drop
- on an "up channel" support (normally doesn't respect a diagonal support but a horizontal support)
- there is support at 140

So we need to decide will it break the "up channel" support and run down to next support; or "up channel" support holds then it goes up. You decide.

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  • #26,722
  • Sep 5, 2017 12:58am Sep 5, 2017 12:58am
View of 15 minute chart

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  • #26,723
  • Sep 5, 2017 1:05am Sep 5, 2017 1:05am
Quoting fxwinnerz
200 SMA, look like resistance not able to move..i just took short @ 142.380
Closed my short at 141.280
  • #26,724
  • Sep 5, 2017 1:06am Sep 5, 2017 1:06am
I just took long@ 141.350, my S.L is 140.850
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  • #26,725
  • Sep 5, 2017 1:06am Sep 5, 2017 1:06am
Also, sitting at fib expansion support of 141.42, which I indicated yesterday.
  • #26,726
  • Edited 7:02am Sep 5, 2017 5:57am | Edited 7:02am
Quoting LetsTrade
Also, sitting at fib expansion support of 141.42, which I indicated yesterday.
I'm liking your charts. (FXWinnerz also)

Anyway for simplicity, I have pending sells under the current price, looking for the hourly double high formation to play out:

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Gone to a better place
  • #26,727
  • Sep 5, 2017 9:20am Sep 5, 2017 9:20am
Long at 141.83 target 142.140

Let see if it could reach there.
Just 20 pips a day to riches
  • #26,728
  • Sep 5, 2017 9:29am Sep 5, 2017 9:29am
Quoting FastPipn
Long at 141.83 target 142.140 Let see if it could reach there.
just my idea it looks bearish...140.90 around...
  • #26,729
  • Sep 5, 2017 10:01am Sep 5, 2017 10:01am
Forgive my stating the obvious - seems that 38.2 fib holding as resistance 141.835 and assuming it holds short still valid?
  • #26,730
  • Sep 5, 2017 10:17am Sep 5, 2017 10:17am
I'm thinking about sell from this zone. Fib 38.2 is holding for now, there is also ATR pivot H3, EMA 89 and camarila weekly L3 level on 141.930.
Attached Image
  • #26,731
  • Sep 5, 2017 1:15pm Sep 5, 2017 1:15pm
Quoting smikester
{quote} I'm liking your charts. (FXWinnerz also) Anyway for simplicity, I have pending sells under the current price, looking for the hourly double high formation to play out: {image}
Nice area to sell
Fix up, trade sharp ...
  • #26,732
  • Sep 6, 2017 1:29am Sep 6, 2017 1:29am
Hello fellow traders,

Speculating downwards on m15 time frame.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #26,733
  • Sep 6, 2017 5:40am Sep 6, 2017 5:40am
Quoting fxwinnerz
I just took long@ 141.350, my S.L is 140.850 {image}
Target 142.700,gap should fill now
  • #26,734
  • Sep 6, 2017 5:52am Sep 6, 2017 5:52am
Quoting FastPipn
Long at 141.83 target 142.140 Let see if it could reach there.
Target reached, heading towards 142.800
Just 20 pips a day to riches
  • #26,735
  • Sep 6, 2017 7:51am Sep 6, 2017 7:51am
Quoting FastPipn
{quote} Target reached, heading towards 142.800
I am long since last night from 141.653, TP 142.500 (My SL almost reached, brrrrr..... but in BE now )

:::
  • #26,736
  • Sep 6, 2017 8:53am Sep 6, 2017 8:53am
Quoting bigboss
{quote} I am long since last night from 141.653, TP 142.500 (My SL almost reached, brrrrr..... but in BE now ) :::
Nice!
Just 20 pips a day to riches
  • #26,737
  • Sep 6, 2017 12:07pm Sep 6, 2017 12:07pm
Quoting FastPipn
{quote} Target reached, heading towards 142.800
Out at 142.600. Could go much higher.
Just 20 pips a day to riches
  • #26,738
  • Sep 6, 2017 1:45pm Sep 6, 2017 1:45pm
Inverted H&S.
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  • #26,739
  • Sep 6, 2017 2:51pm Sep 6, 2017 2:51pm
Hello fellow traders,

Speculating upwards on h4 time frame.

Thanks

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"The markets can remain irrational longer than you can remain solv
  • #26,740
  • Sep 6, 2017 7:11pm Sep 6, 2017 7:11pm
Fibo level still supporting bullish price. Lets see if level holds.....



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