GBP/JPY

How do you know? When, now or later in the day? Right now it is trading down? LH and LL

correction: HL LL

it's just the only direction in taking positions, up or down, it does not matter to me

OK, now I understand your approach. Thanks.

Guys, what's your take on GBPJPY short term?

Update : broke below $145

This pair being very generous over the past
24hrs.

Ideas welcomed

Not sure if I posted this first chart last week apologies if I didn’t guys I’ll try to remember next time

LetsL see how far the new shorts can take us

classic bearish pennant

Got out too soon. It was all set up for a downhill slide... Oh well. Hopefully it will rebound so I can set up for a short again.

Yes, looks like is getting ready for a fall here if it keeps up.
Targets mid 1.46

It seems like a setup for an upturn is getting established in the 4 Hour chart. I use a Heiken Ashi bars to smooth out the PA and for simplicity, I use a line graph for the PA. This is a counter trend trade since the Daily chart is at a slight downtrend.

See what happens.

Hello everybody...im a new member here. Hopefully we can share our opinion and view later. Happy trading guys

i probably positioned too early--a common problem of mine--for the daily because the trendlines indicate that it could go almost to 145.00. The 4 Hour however, shows a turnaround already so if it goes up beyond 40 pips, I'll probably cash in and reposition for the daily move which should be around 145.

4 Hour: The Stochastic has already jumped up.

Daily: The Stochastic is still below the 20% line.

I did close on a 100 pip move. Now I’m waiting for the PA to drop to around 145.50 which is close to the trendline. See what happens.

It finally hit the trendline so I was able get a few more positions. It may be a good run up to 148.00. We’ll see.

Again closed my positions out way too early but was still able to bank 111 pips. I guess if you keep it in the green, it's all good.