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Dragon Riders GBP/JPY

  • #28,161
  • Jan 9, 2018 10:10pm Jan 9, 2018 10:10pm
Divergence, slightly lower before going long again, could see 153 again.
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  • #28,162
  • Jan 10, 2018 12:44am Jan 10, 2018 12:44am
Quoting forexalien
Divergence, slightly lower before going long again, could see 153 again.
A shot in the dark (to confuse everyone): still going down. Maybe long much later, but not now
  • #28,163
  • Jan 10, 2018 1:14am Jan 10, 2018 1:14am
Quoting LetsTrade
{quote} A shot in the dark (to confuse everyone): still going down. Maybe long much later, but not now
I agree, it will going down. I saw bearish in 4H, Daily and weekly (slightly divergence)
  • #28,164
  • Jan 10, 2018 4:09am Jan 10, 2018 4:09am
H1 and H4 timeframes are bearish, so this movement may continue
  • #28,165
  • Jan 10, 2018 8:24am Jan 10, 2018 8:24am
Quoting koleso
H1 and H4 timeframes are bearish, so this movement may continue
I agree, I think it will fall to 150.00 next.
  • #28,166
  • Jan 10, 2018 1:14pm Jan 10, 2018 1:14pm
Quoting drglnx
This pair drained my patience quicker than my phone battery draining...
You think this pair is bad? Take a look at the EUR/JPY. The that pair has been dropping like a rock all week so far. I was lucky enough to manually get out of some long positions, otherwise I would've been in the red. Both the EUR/JPY and CHR/JPY have been dropping hard, which is really uncharacteristic of those pairings. But these wild swings happen. Sometimes if you choose the wrong way, you hope it's at the end of the trading day. At least that way you can help mitigate some losses.
  • #28,167
  • Jan 10, 2018 2:52pm Jan 10, 2018 2:52pm
Wow, this just can't go straight down. price had 220 pips down from last retracement on 1hr chart. This should at least retrace back up to 151.05 then possible move to either direction.
Just 20 pips a day to riches
  • #28,168
  • Jan 10, 2018 5:41pm Jan 10, 2018 5:41pm
https://m.au.investing.com/news/fore...7474?ampMode=1
  • #28,169
  • Jan 11, 2018 8:21am Jan 11, 2018 8:21am
Quoting FastPipn
Wow, this just can't go straight down. price had 220 pips down from last retracement on 1hr chart. This should at least retrace back up to 151.05 then possible move to either direction.
150.00 - 149.80 is a strong support, so I too think there will be a retracement, but I am not sure it will rally that high.
  • #28,170
  • Jan 11, 2018 3:56pm Jan 11, 2018 3:56pm
Divergence in RSI and Stoch on the 4H with both moving up from OS. Plus price is moving back into Keltner channel. It may be ready for retrace back to .382 fib @ 151.50
  • #28,171
  • Jan 11, 2018 4:50pm Jan 11, 2018 4:50pm
This set up usually produces good result when combined with price action (inside/outside bars, pin bars) or divergence in RSI and Stoch.

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Click to Enlarge Name: gbpjpy2.png Size: 138 KB
  • #28,172
  • Jan 12, 2018 5:17am Jan 12, 2018 5:17am
Despite my doubts GBP/JPY did rally to 151.05 and broke out above it. I think next target may be at 151.80.
  • #28,173
  • Jan 12, 2018 7:48am Jan 12, 2018 7:48am
80 pips in 2 min. ?
  • #28,174
  • Jan 12, 2018 8:07am Jan 12, 2018 8:07am
Quoting forexalien
Divergence, slightly lower before going long again, could see 153 again. {image}
Its shooting up, manage to get 60 pips, while if I hold on to it longer it can makes 120 pips in total doh .. wild wild dragon

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  • #28,175
  • Jan 12, 2018 10:27am Jan 12, 2018 10:27am
looking to retest 152.650
Just 20 pips a day to riches
  • #28,176
  • Jan 15, 2018 7:57am Jan 15, 2018 7:57am
Quoting FastPipn
looking to retest 152.650
Very accurate assessment. I think it may pull back from that level today.
  • #28,177
  • Jan 15, 2018 9:39pm Jan 15, 2018 9:39pm
Quoting Expo33
{quote} GJ cup and handle breakout on the hourly? {image}
Nice catch. At first I thought we were going to see a retracement back to sub 151.60, but I also see a H&S pattern on the 4 hour. If it holds true, we could see a measured run to 155.00
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  • #28,178
  • Jan 16, 2018 8:09am Jan 16, 2018 8:09am
It pulled back from 153.00 and it is now back within the range between 152.00 an 152.80. I think it is unclear for the moment whether there will be another breakout to the upside.
  • #28,179
  • Jan 16, 2018 8:36am Jan 16, 2018 8:36am
looking to retest 152.700
Just 20 pips a day to riches
  • #28,180
  • Jan 17, 2018 7:54am Jan 17, 2018 7:54am
Quoting FastPipn
looking to retest 152.700
Good assessment. It may break out above it this time.
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