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Dragon Riders GBP/JPY

  • #28,381
  • Apr 4, 2018 5:59pm Apr 4, 2018 5:59pm
I think it will hit 150.50 and take a bit of a dive. This is my humble opinion. Knowing my luck its going to do the opposite haha.
  • #28,382
  • Apr 4, 2018 7:58pm Apr 4, 2018 7:58pm
Potential long set up
3 rising valley set up
Attached Image (click to enlarge)
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  • #28,383
  • Edited 11:57pm Apr 4, 2018 11:44pm | Edited 11:57pm
And still over about 150 it acts retarded. BTW, the monthly stochastic, even after two months of highs, still points down. It's going to take a very bullish move to change things. Start of day it woke up into the daily ichimoku cloud. It is still possible to reject. The daily still appears to be running a rounded top. But that could change.
  • #28,384
  • Apr 5, 2018 7:45am Apr 5, 2018 7:45am
I think it may pull back to 149.65 before there is another move north.
  • #28,385
  • Edited 8:39pm Apr 5, 2018 8:24pm | Edited 8:39pm
Quoting dianajs
I think it may pull back to 149.65 before there is another move north.
I really don't know. The tops have been fairly easy to predict, the bottoms have, within reason followed earlier supports, albeit sometimes with overshoot but this move could more complex. One of my analysis charts i did a few days ago suggested a marginal new high then basing above 149.5.
  • #28,386
  • Apr 5, 2018 9:08pm Apr 5, 2018 9:08pm
Quoting Mpt
{quote} I really don't know. The tops have been fairly easy to predict, the bottoms have, within reason followed earlier supports, albeit sometimes with overshoot but this move could more complex. One of my analysis charts i did a few days ago suggested a marginal new high then basing above 149.5.
To me it looks like she wants to rip up to 151 and test the levels there. Im actually hoping it bounces from there and falls.
  • #28,387
  • Apr 6, 2018 6:19am Apr 6, 2018 6:19am
Quoting Mpt
{quote} I really don't know. The tops have been fairly easy to predict, the bottoms have, within reason followed earlier supports, albeit sometimes with overshoot but this move could more complex. One of my analysis charts i did a few days ago suggested a marginal new high then basing above 149.5.
We'll see. I still think we may see another pullback before a move north, but, as you said, it's very undecided.
  • #28,388
  • Apr 8, 2018 10:03pm Apr 8, 2018 10:03pm
Frankly, 150.8 ish the best decision ever made...or the worst. I'm on the side of up to return to 195 and above, but I won't engage until 151 is taken out again.
  • #28,389
  • Apr 9, 2018 8:02am Apr 9, 2018 8:02am
It has rallied past 151.00 and I wouldn't be surprised if we see it reach 152.00.
  • #28,390
  • Apr 9, 2018 9:29am Apr 9, 2018 9:29am
Technically GBPJPY is on a northward mode but we may expect a pullback to an ascending trendline (black) on the D1 time frame or an immediate support on an intraday chart like the H4 time frame.

Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_D1_Tech_Update_9th_Apr.,_2018.png Size: 44 KB
Do your homework, follow the footprints of smart money
  • #28,391
  • Edited 1:11am Apr 10, 2018 12:48am | Edited 1:11am
attempt 157/158.5, fall back to 154 ish. Would be happy with first target circa 173. So long as 151.4 is not some kind of "false break" - unlikely now that it's in the climb and the weekly gann has now flipped. But 151.5/6 yet to go
  • #28,392
  • Apr 10, 2018 1:55am Apr 10, 2018 1:55am
Just an interesting observation:

Yesterday's daily pivots were exactly, but exactly (per pip), the same as today's daily pivots. Never come across that before; does that mean anything?
  • #28,393
  • Edited 2:43am Apr 10, 2018 2:20am | Edited 2:43am
Quoting LetsTrade
Just an interesting observation: Yesterday's daily pivots were exactly, but exactly (per pip), the same as today's daily pivots. Never come across that before; does that mean anything?
Just means it stood still @ went nowhere. Like holding down a rocket on the pad. Anticipate a retest around 151.1/2 before higher
  • #28,394
  • Apr 10, 2018 7:48am Apr 10, 2018 7:48am
I still think it may reach 152.00 before it begins a correction.
  • #28,395
  • Apr 10, 2018 7:53am Apr 10, 2018 7:53am
It looks like she wants to rip up. The more its being hold down in my humble opinion the rip up will be stronger.
  • #28,396
  • Apr 10, 2018 8:09am Apr 10, 2018 8:09am
I am sitting here waiting for 148 or lower.

  • #28,397
  • Apr 10, 2018 8:11am Apr 10, 2018 8:11am
Quoting FKhan
I am sitting here waiting for 148 or lower.
Wouldnt that be nice !
  • #28,398
  • Apr 10, 2018 11:22am Apr 10, 2018 11:22am
Quoting FKhan
I am sitting here waiting for 148 or lower.
You are not alone.
  • #28,399
  • Apr 10, 2018 2:47pm Apr 10, 2018 2:47pm
I can see a pullback to 151.50 and continuation going up. However im often wrong hahaha
  • #28,400
  • Apr 10, 2018 10:28pm Apr 10, 2018 10:28pm
Attached Image (click to enlarge)
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Can only draw elipses. Cup/handle structure. Handle retraced 38%. Currently at 50% up the cup formation. Any break up possibly follows blue line. Failure means broader cup. Break up should eventually retest falling line after rising to around 158.5 or so. Thereafter, upside target is depth of cup, referenced at final retest, break applied to cup depth from that point. Initial target 175/178 area before eventually over 196
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