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Dragon Riders GBP/JPY

  • #28,341
  • Mar 23, 2018 11:12am Mar 23, 2018 11:12am
Quoting dianajs
147.65 was as low as it would go. I think next target would be at 149.00.
148.98 was reached....nice call.
  • #28,342
  • Mar 24, 2018 2:02am Mar 24, 2018 2:02am
Now has the potential to become an inverted head and shoulders. Would need to reclaim at least 149.8 ish to confirm the process is underway.
  • #28,343
  • Mar 26, 2018 6:55am Mar 26, 2018 6:55am
Head and soulders forming, ready for shorts at 149.6
  • #28,344
  • Mar 26, 2018 7:16am Mar 26, 2018 7:16am
Head and shoulders?
Gone to a better place
  • #28,345
  • Mar 26, 2018 7:26am Mar 26, 2018 7:26am
Quoting smikester
Head and shoulders?
On my phone so very bad chart but potential shorts here imo
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  • #28,346
  • Mar 26, 2018 7:37am Mar 26, 2018 7:37am
I am not sure about the shorts, I think it will rally at least to 149.70 first.
  • #28,347
  • Edited 7:37pm Mar 26, 2018 6:37pm | Edited 7:37pm
Quoting Mpt
Now has the potential to become an inverted head and shoulders. Would need to reclaim at least 149.8 ish to confirm the process is underway.

Possible inverted and offset H&S as viewed on 4hr/daily. Top TL at 150.2 or so. Upon clearing 150.3, Possible retest into area from 150.5 ~150.7/8. Strong break above 150.9 could be handy.

Height circa 530 pips.

Possible targets (should it remain intact and is, in fact, an inverse h&s) are (1) height x 0.618 above 150.2 = 153.2/3 (2) height plus 530 (height) above 150.2 = 155.3 (3) In extension, height X 1.618 above 150.2 = 158.5 ish


Either way, it loses the chance to be a minor 4th wave correction upon passing 151.3, although 151.6 has considerable resistance right now.
  • #28,348
  • Mar 27, 2018 6:36am Mar 27, 2018 6:36am
I was right, it rallied to 150.50 before pulling back, it was too early for shorts. I do have a short now, TP is at 149.00.
  • #28,349
  • Mar 27, 2018 9:22am Mar 27, 2018 9:22am
looking to 150.150
Just 20 pips a day to riches
  • #28,350
  • Mar 28, 2018 6:52am Mar 28, 2018 6:52am
Quoting FastPipn
looking to 150.150
In my opinion it may rally quite a bit higher than that level.
  • #28,351
  • Mar 28, 2018 7:37am Mar 28, 2018 7:37am
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Bearish Divergence. Any thoughts?
Never let success get to your head because the market will punish you
  • #28,352
  • Mar 28, 2018 8:16am Mar 28, 2018 8:16am
Quoting dianajs
{quote} In my opinion it may rally quite a bit higher than that level.
Yes possibly to 150.500 before any sign of coming down
Just 20 pips a day to riches
  • #28,353
  • Mar 28, 2018 8:47am Mar 28, 2018 8:47am
Quoting reggiecjh
{image} Bearish Divergence. Any thoughts?
Anyone caught that 70 pips? I didn’t
Never let success get to your head because the market will punish you
  • #28,354
  • Mar 28, 2018 9:02am Mar 28, 2018 9:02am
Quoting reggiecjh
{quote} Anyone caught that 70 pips? I didn’t
Didn't catch 70 but did 50
  • #28,355
  • Mar 28, 2018 9:20am Mar 28, 2018 9:20am
Quoting xternity
{quote} Didn't catch 70 but did 50
Good work!
Never let success get to your head because the market will punish you
  • #28,356
  • Mar 28, 2018 11:11am Mar 28, 2018 11:11am
Quoting FastPipn
{quote} Yes possibly to 150.500 before any sign of coming down
Hovering around 150.000 get ready for a spike up.

very good potential buy on GBPAUD til 1.8410
Just 20 pips a day to riches
  • #28,357
  • Mar 28, 2018 11:57am Mar 28, 2018 11:57am
I think GU and GJ are both good buys given their current levels (1.4102 and 150.11 respectively).
  • #28,358
  • Mar 28, 2018 12:35pm Mar 28, 2018 12:35pm
Tempted to short it but, had a good day don't wanna ruin it trying to hit the grand slam
  • #28,359
  • Mar 29, 2018 2:22am Mar 29, 2018 2:22am
GJ
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  • #28,360
  • Mar 29, 2018 7:33am Mar 29, 2018 7:33am
Quoting FastPipn
{quote} Yes possibly to 150.500 before any sign of coming down
Very accurate assessment, it reached 150.58 before it pulled back. I think it may now drop to 149.50 or lower.
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