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Dragon Riders GBP/JPY

  • #28,221
  • Feb 1, 2018 4:40am Feb 1, 2018 4:40am
Strong H1 uptrend, when we see a retracemnt it's possible to loor for buying opportunities
  • #28,222
  • Feb 1, 2018 7:53am Feb 1, 2018 7:53am
Quoting msniper
{quote} and another all time high the road is clean and easy now all the way to 160. minimum possible target is 161.40
Do you think we can expect any kind of correction along the way?
  • #28,223
  • Edited 9:59am Feb 1, 2018 9:39am | Edited 9:59am
Quoting dianajs
{quote} Do you think we can expect any kind of correction along the way?
of course we can have correction on the way

but right now we build a strong support on 153.7 area. if you are long keep holding until 161.40 minimum

if you are not long then wait for GJ to dip. any drop around 150pips to 200pips is a new chance to go long and reload long positions

wave 3 just started and it will take at least 2 to 4 weeks of strong uptrend impulsive waves
  • #28,224
  • Feb 2, 2018 4:45am Feb 2, 2018 4:45am
I m Bearish today.....!
R2R=from Reversal to Reversal
  • #28,225
  • Feb 2, 2018 6:19am Feb 2, 2018 6:19am
Truly, Not yet clear enough to me till now . but what i see from chart that Yen is being stocked for possible increase in price.
R2R=from Reversal to Reversal
  • #28,226
  • Feb 2, 2018 7:15am Feb 2, 2018 7:15am
Quoting TrendisTrend
I m Bearish today.....!
I am thinking about opening a short too but so far I am not seeing a good entry.
  • #28,227
  • Feb 2, 2018 7:19am Feb 2, 2018 7:19am
Quoting dianajs
{quote} I am thinking about opening a short too but so far I am not seeing a good entry.
I m not sure but the good entry was from 156.38 but might be revisited on news.
R2R=from Reversal to Reversal
  • #28,228
  • Feb 2, 2018 9:22am Feb 2, 2018 9:22am
Quoting TrendisTrend
{quote} I m not sure but the good entry was from 156.38 but might be revisited on news.
R2R=from Reversal to Reversal
  • #28,229
  • Feb 5, 2018 8:02am Feb 5, 2018 8:02am
I opened a short position at 155.00 last night and I am considering whether I should close it now or keep it open on a more long term basis. It may reach 152.00.
  • #28,230
  • Feb 5, 2018 8:05am Feb 5, 2018 8:05am
Quoting dianajs
I opened a short position at 155.00 last night and I am considering whether I should close it now or keep it open on a more long term basis. It may reach 152.00.
It might also bounce strongly once equities start to rally again...
  • #28,231
  • Feb 5, 2018 4:38pm Feb 5, 2018 4:38pm
Gbp/Jpy opened the day on the 50 day SMA, hope we see nice longs.
  • #28,232
  • Feb 5, 2018 4:49pm Feb 5, 2018 4:49pm
Seems like there will be more downside
Don't Worry Be Happy
  • #28,233
  • Feb 6, 2018 7:28am Feb 6, 2018 7:28am
Quoting MoneyFocus
{quote} It might also bounce strongly once equities start to rally again...
It did fall to 152.00 as I thought it would, although I closed the short position higher than that.
  • #28,234
  • Feb 6, 2018 8:31am Feb 6, 2018 8:31am
there could be more downside, depends on BOE this week and equities
Don't Worry Be Happy
  • #28,235
  • Feb 7, 2018 7:59am Feb 7, 2018 7:59am
Quoting MrPresident
there could be more downside, depends on BOE this week and equities
We'll see, so far it's just formed a triple bottom above 151.25 which is not a good signal for a depreciation.
  • #28,236
  • Feb 8, 2018 7:32am Feb 8, 2018 7:32am
Quoting skillandfx
{quote} You may be right. Formation can be happened. Do you have a deteailed chart please?
Check the H4 time frame and you'll see the triple bottom at 151.25.
Whether it was because of it or because of the BoE rate decision the pair rallied today.
  • #28,237
  • Feb 9, 2018 5:47am Feb 9, 2018 5:47am
I m into buying if it went below 150.7. I believe it s going to there.
R2R=from Reversal to Reversal
  • #28,238
  • Feb 9, 2018 6:22am Feb 9, 2018 6:22am
Quoting TrendisTrend
I m into buying if it went below 150.7. I believe it s going to there.
It did go there, but I am not seeing any signal for a rally so far.
  • #28,239
  • Feb 9, 2018 8:55am Feb 9, 2018 8:55am
Quoting dianajs
{quote} It did go there, but I am not seeing any signal for a rally so far.
U were correct.
R2R=from Reversal to Reversal
  • #28,240
  • Feb 12, 2018 7:29am Feb 12, 2018 7:29am
The pair is still bearish today, I think it is still too early for a long but it may be too late for a short too.
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