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Dragon Riders GBP/JPY

  • #28,421
  • Apr 17, 2018 8:58am Apr 17, 2018 8:58am
Quoting dianajs
It did form a double top around 153.80 and I think we'll see it depreciate before the end of the week.
looking at 152.900 area
Just 20 pips a day to riches
  • #28,422
  • Apr 17, 2018 11:03am Apr 17, 2018 11:03am
GOOD SELL SETTING. I should give over 700 pips downwards.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYkDaily.png Size: 43 KB
i have tried to start trades with a trend, now i prefer to follow the trend
  • #28,423
  • Apr 17, 2018 11:43am Apr 17, 2018 11:43am
Pressure on the daily is giving in.

We are overbought with some bearishness coming in. Yet to really overcome some resistance barriers yet, so this may still be a retracement but if it is a ABC move, then I will expect this down move to test 145.
A 1 pip gain is better than a 1 pip loss.
  • #28,424
  • Apr 17, 2018 12:04pm Apr 17, 2018 12:04pm
In my very humble opinion i see this taking a rally back over 154 before the change of direction.
  • #28,425
  • Apr 17, 2018 12:55pm Apr 17, 2018 12:55pm
Quoting aeternum
Pressure on the daily is giving in. We are overbought with some bearishness coming in. Yet to really overcome some resistance barriers yet, so this may still be a retracement but if it is a ABC move, then I will expect this down move to test 145.

i see it as an ABC move
i have tried to start trades with a trend, now i prefer to follow the trend
  • #28,426
  • Apr 17, 2018 1:14pm Apr 17, 2018 1:14pm
Quoting xternity
In my very humble opinion i see this taking a rally back over 154 before the change of direction.
I agree. The 78. 6 of the larger move down is at 5412ish. We have 2013 July High at 5404ish.
  • #28,427
  • Apr 17, 2018 10:01pm Apr 17, 2018 10:01pm
Get over 153.6 and in any case 153.8, then 154.25, suspect a very bullish window is opening to at least 155.5/7 and possibly running right through 156.3
  • #28,428
  • Edited 12:54am Apr 18, 2018 12:04am | Edited 12:54am
Am still reluctant to long it yet, as a similar process happened in 2013. .... and in now
  • #28,429
  • Apr 18, 2018 5:53am Apr 18, 2018 5:53am
Quoting FastPipn
{quote} looking at 152.900 area
You mean, after the depreciation ends?
  • #28,430
  • Apr 18, 2018 7:29am Apr 18, 2018 7:29am
Quoting jereajali
{quote} i see it as an ABC move
That would mean big downside incoming. Let's observe. Interesting to know how others depict this too
A 1 pip gain is better than a 1 pip loss.
  • #28,431
  • Apr 18, 2018 9:02am Apr 18, 2018 9:02am
Just imo I still anticipate a significant downside, though I'm dissappointed it took longer to start than I thought it would. It hinges on UK side news BOE may hold from a rate rise which was originally priced into GBP. If that happens we'll see a slum completing the currently forming Cup pattern (daily tf).
  • #28,432
  • Apr 18, 2018 9:43am Apr 18, 2018 9:43am
Quoting dianajs
{quote} You mean, after the depreciation ends?
152.900 already happened yesterday. I'm looking at 152.150 for a possible retest then down to 151.500
Just 20 pips a day to riches
  • #28,433
  • Edited 8:57pm Apr 18, 2018 8:08pm | Edited 8:57pm
Got some pretty textbook triangle/diamond stuff going on here. Anything above 152.8, triangle break around 153.1/2. Diamond centre 153.4/5. Break 153.8 for 154.2/3 next. Obviously must get over 152.8 first, otherwise under 152 , 151.6 or so comes along
  • #28,434
  • Apr 18, 2018 8:19pm Apr 18, 2018 8:19pm
It would be nice to see 154 again.
  • #28,435
  • Apr 18, 2018 10:22pm Apr 18, 2018 10:22pm
break level 151.96...price is expecting down to 150.92
Always Follow Your Hearth
  • #28,436
  • Apr 19, 2018 7:36am Apr 19, 2018 7:36am
Quoting FastPipn
{quote} 152.900 already happened yesterday. I'm looking at 152.150 for a possible retest then down to 151.500
I see. I think it won't break out below 152.00 for the moment though the pair rebounded from that level.
  • #28,437
  • Apr 19, 2018 8:56am Apr 19, 2018 8:56am
Sitting on my hands at the moment. Can't get a read on it
  • #28,438
  • Apr 19, 2018 8:57am Apr 19, 2018 8:57am
bearish, it failed to hold at higher levels and it is running out of steam
Don't Worry Be Happy
  • #28,439
  • Apr 19, 2018 9:40am Apr 19, 2018 9:40am
Or perhaps taking a break to go higher towards 153.25-153.45
Just 20 pips a day to riches
  • #28,440
  • Apr 19, 2018 10:49am Apr 19, 2018 10:49am
heading down to 152.00
Just 20 pips a day to riches
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