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Dragon Riders GBP/JPY

  • #28,241
  • Feb 13, 2018 6:24am Feb 13, 2018 6:24am
It tested the low at 148.90 for a second time so it may be forming a double bottom, which mean that we should expect a correction soon.
  • #28,242
  • Feb 13, 2018 6:38am Feb 13, 2018 6:38am
Quoting dianajs
It tested the low at 148.90 for a second time so it may be forming a double bottom, which mean that we should expect a correction soon.
I Agree. But who much correction is an important question.
  • #28,243
  • Feb 14, 2018 8:41am Feb 14, 2018 8:41am
Quoting OkomBit
{quote} I Agree. But who much correction is an important question.
It turned out to be a false signal, the depreciation continues. I think it may break out below 148.00.
  • #28,244
  • Feb 15, 2018 7:34am Feb 15, 2018 7:34am
In the end it rebounded from 147.91. Clearly a correction has begun, I think next target will be at 150.00 - 150.60.
  • #28,245
  • Feb 15, 2018 9:39am Feb 15, 2018 9:39am
Month and weekly wants down but Daily shows bullish doji that looks pretty good actually. May want to try a short term correction run to 151 before further down side. Let's see
A 1 pip gain is better than a 1 pip loss.
  • #28,246
  • Feb 15, 2018 1:58pm Feb 15, 2018 1:58pm
Subscribed with plenty to learn. Thanks.
Was trading that nice pullback in GBPJPY, but chickened out (too soon).
  • #28,247
  • Feb 16, 2018 7:44am Feb 16, 2018 7:44am
The pullback was temporary. The pair is rangebound at the moment and I think it may continue depreciating.
  • #28,248
  • Feb 19, 2018 2:23am Feb 19, 2018 2:23am
Building up "energy" (same spot for nearly an hour) to jump to R2: 150,44???? or will it jump down?
  • #28,249
  • Feb 19, 2018 4:54am Feb 19, 2018 4:54am
1st target 149,66 which 61,8% fib retracement??
  • #28,250
  • Feb 25, 2018 4:40pm Feb 25, 2018 4:40pm
nice gap up, looks like it will be retraced
Don't Worry Be Happy
  • #28,251
  • Feb 25, 2018 5:18pm Feb 25, 2018 5:18pm
~70 pips down from open, fail
Attached Image (click to enlarge)
Click to Enlarge Name: Dragonfail.png Size: 1.3 MB
Don't Worry Be Happy
  • #28,252
  • Feb 25, 2018 6:32pm Feb 25, 2018 6:32pm
Quoting MrPresident
~70 pips down from open, fail {image}
70? My feed & ff's says only 30 from open..
  • #28,253
  • Feb 26, 2018 6:32am Feb 26, 2018 6:32am
There's a pullback from 150.00, the downward movement may resume soon.
  • #28,254
  • Feb 26, 2018 10:18am Feb 26, 2018 10:18am
Man, that .236% weekly level don't want to break!!
Once it breaks it's all the way down to 144.00
https://www.tradingview.com/x/usoKAw9z/
  • #28,255
  • Feb 26, 2018 12:33pm Feb 26, 2018 12:33pm
Quoting caillo
Man, that .236% weekly level don't want to break!! Once it breaks it's all the way down to 144.00 {image}
Please share the price...148.8x..??
  • #28,256
  • Feb 26, 2018 12:44pm Feb 26, 2018 12:44pm
Quoting caillo
Man, that .236% weekly level don't want to break!! Once it breaks it's all the way down to 144.00 {image}
Please share the price...148.8x..??
  • #28,257
  • Feb 26, 2018 1:24pm Feb 26, 2018 1:24pm
Quoting caillo
Man, that .236% weekly level don't want to break!! Once it breaks it's all the way down to 144.00 {image}
Or it won't break and is going all the way up..
  • #28,258
  • Feb 26, 2018 3:13pm Feb 26, 2018 3:13pm
Quoting NMZee
{quote} Please share the price...148.8x..??
Sorry man... 149.078 you mean the .236 level?
  • #28,259
  • Feb 26, 2018 3:18pm Feb 26, 2018 3:18pm
Quoting OkomBit
{quote} Or it won't break and is going all the way up..
Agree.. never know! However, probabilities are very high the price will go lower. On the weekly chart price has locked a top at 156.612, today that daily candle does not look good for a long position. As I said, if price breaks the .236 level @ 149.078.. I will look to take profit @144.418 which is .382% weekly level.
  • #28,260
  • Feb 27, 2018 5:52am Feb 27, 2018 5:52am
I think it's relatively bearish for the moment and it can fall back to 149.00.
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