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Dragon Riders GBP/JPY

  • #28,361
  • Mar 30, 2018 1:43am Mar 30, 2018 1:43am
Quoting Mpt
{quote} 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...
And it still plays as an inverted h&S. Or at least it's trying to.
  • #28,362
  • Mar 30, 2018 7:23am Mar 30, 2018 7:23am
The pair rebounded from 148.80 and I think it is headed for 149.50. I have a long position.
  • #28,363
  • Apr 1, 2018 6:03pm Apr 1, 2018 6:03pm
Current price 149.206

Queen bets 10,000 gold bars that GJ goes up to 149.393 before dropping to 148.746
Hail me for arth thou DaQueen
  • #28,364
  • Apr 1, 2018 6:25pm Apr 1, 2018 6:25pm
GJ
zone is 50-61.8 fib
Attached Image (click to enlarge)
Click to Enlarge Name: F7F16C73-2779-42DC-B6DE-F90DA310249C.png Size: 221 KB
  • #28,365
  • Apr 2, 2018 7:08am Apr 2, 2018 7:08am
It broke out above 149.50, I think it may even rally above 150.00 this week.
  • #28,366
  • Apr 2, 2018 8:05am Apr 2, 2018 8:05am
Quoting dianajs
It broke out above 149.50, I think it may even rally above 150.00 this week.
Yes. looking towards 150.00
Just 20 pips a day to riches
  • #28,367
  • Apr 2, 2018 8:40am Apr 2, 2018 8:40am
I can see a bigger pullback and then tackling that 150. Thats just my humble opinion.
  • #28,368
  • Apr 2, 2018 9:48am Apr 2, 2018 9:48am
Is it just me seeing that huge bear flag?
  • #28,369
  • Apr 2, 2018 1:50pm Apr 2, 2018 1:50pm
Took a small position long @ 148.50. Lets see how it turns out. Stay safe out there, its only Monday!
  • #28,370
  • Apr 3, 2018 7:50am Apr 3, 2018 7:50am
Quoting FastPipn
{quote} Yes. looking towards 150.00
It's range-bound below 149.50 but it should keep moving north eventually.
  • #28,371
  • Apr 3, 2018 10:11am Apr 3, 2018 10:11am
Quoting dianajs
{quote} It's range-bound below 149.50 but it should keep moving north eventually.
broke the previous high. now towards 150.000
Just 20 pips a day to riches
  • #28,372
  • Apr 3, 2018 5:20pm Apr 3, 2018 5:20pm
149.9. Possibly the difference between a continuation towards 151 or a reversal (at least a drop)
  • #28,373
  • Apr 3, 2018 5:23pm Apr 3, 2018 5:23pm
looks bearish, can't get over 150

i think it might go to 149
Don't Worry Be Happy
  • #28,374
  • Apr 3, 2018 6:25pm Apr 3, 2018 6:25pm
Quoting MrPresident
looks bearish, can't get over 150 i think it might go to 149
Agreed
  • #28,375
  • Apr 3, 2018 7:52pm Apr 3, 2018 7:52pm
Lots of room to go higher...................
The More You Learn, The More You Earn.....
  • #28,376
  • Apr 3, 2018 7:59pm Apr 3, 2018 7:59pm
Quoting forexalien
Lots of room to go higher...................
forexallien i see that you joined ff in 2012 congrats that is about 5 years of trading experience just here in ff
  • #28,377
  • Apr 4, 2018 1:04am Apr 4, 2018 1:04am
Quoting forexalien
Lots of room to go higher...................

Yeah, i agree with you. from the chart below, extreme trader has much room before it enters buy and trend wave has much room before it hits the upper line...........This has room to net over 600pips from this point.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYmDaily.png Size: 37 KB
i have tried to start trades with a trend, now i prefer to follow the trend
  • #28,378
  • Apr 4, 2018 3:00am Apr 4, 2018 3:00am
Quoting Mpt
149.9. Possibly the difference between a continuation towards 151 or a reversal (at least a drop)
Sorry about that. 149.95 was actually at resistance, but, as always, GJ just has to run to the 76.4 retracement. It's what it does. But, for a while, I thought it might have also got to 150.2. It hasn't died totally yet, so i guess there's always a chance. Under about 149.25 and in any case 149 it's probably dead meat.
  • #28,379
  • Apr 4, 2018 3:03am Apr 4, 2018 3:03am
GJ
Attached Image (click to enlarge)
Click to Enlarge Name: 4964CC49-5B19-44D0-9373-974EC951461A.png Size: 224 KB
  • #28,380
  • Apr 4, 2018 5:56am Apr 4, 2018 5:56am
Quoting FastPipn
{quote} broke the previous high. now towards 150.000
150.10 was as high as it went, I think it is now depreciating to 148.50.
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