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Dragon Riders GBP/JPY

  • #28,561
  • May 24, 2018 1:58am May 24, 2018 1:58am
It did drop to 146.00 as I thought it would, and by the looks of things the depreciation will continue.
  • #28,562
  • May 25, 2018 7:18am May 25, 2018 7:18am
It overcame 146.00, I think it will continue depreciating to 145.30.
  • #28,563
  • May 25, 2018 7:25am May 25, 2018 7:25am
The double bottom on 1h chart & 15m charts have finally formed. Now, will we see up now?
  • #28,564
  • Edited 12:16pm May 26, 2018 11:37am | Edited 12:16pm
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  • #28,565
  • May 28, 2018 6:33am May 28, 2018 6:33am
Quoting Tweetren
The double bottom on 1h chart & 15m charts have finally formed. Now, will we see up now?
Those are too short time frames for the signal to be long term and reliable.
  • #28,566
  • May 28, 2018 10:58pm May 28, 2018 10:58pm
It rebounded from 144.85 but I still have shorts open, I don't think the depreciation is over.
  • #28,567
  • May 29, 2018 2:47am May 29, 2018 2:47am
Brutal
  • #28,568
  • May 29, 2018 11:18am May 29, 2018 11:18am
Quoting dianajs
It rebounded from 144.85 but I still have shorts open, I don't think the depreciation is over.
Looks further fall coming as it has hurricaned down
  • #28,569
  • May 29, 2018 1:26pm May 29, 2018 1:26pm
It looks like it wants to fall and create a new low.
  • #28,570
  • May 29, 2018 4:37pm May 29, 2018 4:37pm
Quoting xternity
It looks like it wants to fall and create a new low.
News might just do that..
  • #28,571
  • May 29, 2018 5:33pm May 29, 2018 5:33pm
Looks like it is setting for a sell mode..selling now for a small risk with 30 pips s.l..fingers crossed
  • #28,572
  • May 29, 2018 11:02pm May 29, 2018 11:02pm
Should it be in correction it should bounce strongly from here (143x) or about 139 in the extreme. In a reversal it may bounce out of 135/136 ish before down again through 132/131. At this time the daily sustains at totally oversold, but suspect that by the time it's finished in a possible reversal all larger time frames will be likewise. Whether that's below 122 or 116 remains to be seen.
  • #28,573
  • May 30, 2018 2:52am May 30, 2018 2:52am
Weekly 100sma was hit yesterday - potentially very strong support, so could continue rallying from here.....
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  • #28,574
  • May 30, 2018 5:52am May 30, 2018 5:52am
Quoting Suj
{quote} Looks further fall coming as it has hurricaned down
I think the depreciation will continue but we'll have to wait out the correction first.
  • #28,575
  • May 31, 2018 5:11am May 31, 2018 5:11am
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  • #28,576
  • May 31, 2018 7:24am May 31, 2018 7:24am
I decided to open a long position today and make use of the correction, TP is at 146.00.
  • #28,577
  • Jun 1, 2018 6:37am Jun 1, 2018 6:37am
Still convinced it's a correction and not a reversal?
Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.
  • #28,578
  • Jun 1, 2018 6:46am Jun 1, 2018 6:46am
Quoting JeremyV
Still convinced it's a correction and not a reversal? Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.
Some corrections can be very deep, it may still start depreciating again at some point.
  • #28,579
  • Jun 1, 2018 6:53am Jun 1, 2018 6:53am
Quoting JeremyV
Still convinced it's a correction and not a reversal? Double bottom an M30 at 143.20 and no touch of 143.00. Bears ran out of steam.
At what point does it cease to be a correction in yr books? A standard diamond reversal would allow for as far up as 147.5/148 before 139.
  • #28,580
  • Jun 2, 2018 10:12pm Jun 2, 2018 10:12pm
Well...After the G7 meeting conclusion ...THERE WILL BE A TRADE WAR WITH THE ISOLATION OF THE U.S AND VERY STRONG REFUSAL OF BULLYING FRIM ALL THE OTHER MEMBERS , NOT TO FORGET THE VERY SHARP TONE OF THE SPEECH ...THIS IS A TRADE WAR.
I THINK THE YEN WILL SOAAAAAAAR NEXT WEEK AND EVEN MAY OPEN WITH A BIG GAP DOWN ....BACK TO 140 GUYS
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