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Dragon Riders GBP/JPY

  • #29,281
  • Oct 16, 2018 4:13am Oct 16, 2018 4:13am
Quoting donfriday
checkout {image}
hahaha look what I wrote few seconds before you post your chart ! you read my mind
  • #29,282
  • Oct 16, 2018 4:40am Oct 16, 2018 4:40am
Quoting donfriday
checkout {image}
This is the beauty. Everyone says all sorts and no one knows nothing (including myself) hahaha
POSTMASTER
  • #29,283
  • Oct 16, 2018 4:56am Oct 16, 2018 4:56am
This is the weekly chart. The 4th fan line (Yellow dashed line) has now been broken and tested successfully. The RSI down trendline was broken several weeks ago.

I am long GbpJpy with a 156.35 TP (Pink dashed line) which is strong resistance and coincides with the 200 SMA (Blue line).
Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy - Weekly.png Size: 72 KB
Observation is the path to discovery.
  • #29,284
  • Oct 16, 2018 4:58am Oct 16, 2018 4:58am
Quoting Alorente
This is the weekly chart. The 4th fan line (Yellow dashed line) has now been broken and tested successfully. The RSI down trendline was broken several weeks ago. I am long GbpJpy with a 156.35 TP (Pink dashed line) which is strong resistance and coincides with the 200 SMA (Blue line). {image}
Suerte camarada
POSTMASTER
  • #29,285
  • Oct 16, 2018 5:11am Oct 16, 2018 5:11am
Quoting Robinhood1
{quote} Suerte camarada
Observation is the path to discovery.
  • #29,286
  • Oct 16, 2018 6:17am Oct 16, 2018 6:17am
Quoting Alorente
{quote}
I had the same idea with this pair.
We only need patience.
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #29,287
  • Oct 16, 2018 8:54am Oct 16, 2018 8:54am
Quoting tnavi
{quote} I had the same idea with this pair. We only need patience.
Saludos
POSTMASTER
  • #29,288
  • Oct 16, 2018 9:18am Oct 16, 2018 9:18am
Quoting Alorente
This is the weekly chart. The 4th fan line (Yellow dashed line) has now been broken and tested successfully. The RSI down trendline was broken several weeks ago. I am long GbpJpy with a 156.35 TP (Pink dashed line) which is strong resistance and coincides with the 200 SMA (Blue line). {image}
that's great

for me my target is not a fixed number its variable . I will TP once we touch or get closed to the red line. so it depend on how fast it will fly
Attached Image (click to enlarge)
Click to Enlarge Name: target gj long.jpg Size: 147 KB
  • #29,289
  • Oct 16, 2018 11:30am Oct 16, 2018 11:30am
Quoting msniper
{quote} that's great for me my target is not a fixed number its variable . I will TP once we touch or get closed to the red line. so it depend on how fast it will fly {image}
Yes of course, that is just a reference target. I trade in and out many times before it gets there. For example, I am short now to 146.50, then I will go long again.

Saludos de mi parte también.
Observation is the path to discovery.
  • #29,290
  • Oct 16, 2018 11:59am Oct 16, 2018 11:59am
Quoting Alorente
{quote} Yes of course, that is just a reference target. I trade in and out many times before it gets there. For example, I am short now to 146.50, then I will go long again. Saludos de mi parte también.
wow 146.50 !

for me I don't think GJ can drop below 147.00~147.10 this now is a very strong support area.

and I think a correction to 147.4x~147.5x is enough then continue going up
  • #29,291
  • Oct 16, 2018 12:09pm Oct 16, 2018 12:09pm
Quoting msniper
{quote} wow 146.50 ! for me I don't think GJ can drop below 147.00~147.10 this now is a very strong support area. and I think a correction to 147.4x~147.5x is enough then continue going up
I have it testing the confluence area of the yellow fan line again, the previous bottom and the 200 SMA (Blue line). Attached is the H4 chart with my TP.
Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy - H4.png Size: 48 KB
Observation is the path to discovery.
  • #29,292
  • Oct 16, 2018 12:21pm Oct 16, 2018 12:21pm
Quoting msniper
{quote} wow 146.50 ! for me I don't think GJ can drop below 147.00~147.10 this now is a very strong support area. and I think a correction to 147.4x~147.5x is enough then continue going up

friday frop was trap ...and also the up move wont sustain for too long the drop will come faster..i miss 1k pips
MY OPINION NOT FINANCIAL ADVISE
  • #29,293
  • Oct 16, 2018 12:27pm Oct 16, 2018 12:27pm
There is a strong possibility of an inverted Head & Shoulders with price dropping to 145 strong support area and then taking off to new highs. The implied H&S target would be 159.60.
Attached Image (click to enlarge)
Click to Enlarge Name: GbpJpy - Daily.png Size: 33 KB
Observation is the path to discovery.
  • #29,294
  • Oct 16, 2018 1:24pm Oct 16, 2018 1:24pm
this chart is mix for all GBP pairs all together and I can see a head and shoulder and now we are retesting and it supposed to fly anytime. is there a hidden good news about gbp that will appear suddenly ? lets see
Attached Image (click to enlarge)
Click to Enlarge Name: DppR1CKX4AEtIPU.jpg Size: 115 KB
  • #29,295
  • Oct 16, 2018 8:30pm Oct 16, 2018 8:30pm
The target is 150.50 or 151.50 before trend change
  • #29,296
  • Oct 16, 2018 8:36pm Oct 16, 2018 8:36pm
Quoting RBlackburn
The target is 150.50 or 151.50 before trend change
...
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20181017_123338.jpg Size: 55 KB
  • #29,297
  • Oct 16, 2018 9:16pm Oct 16, 2018 9:16pm
I have one Elliott waves book I was just checking out the book and I notice there is one chart looks almost identical to GJ chart on 4h frame !! even the gap down that happened on sunday is there hehe. so can history repeat it self ?
Attached Image (click to enlarge)
Click to Enlarge Name: gj example 2.jpg Size: 123 KB
Attached Image
  • #29,298
  • Oct 16, 2018 9:16pm Oct 16, 2018 9:16pm
Quoting RBlackburn
The target is 150.50 or 151.50 before trend change
151.50 is my actual take profit price so I hope we reach it
  • #29,299
  • Oct 16, 2018 9:36pm Oct 16, 2018 9:36pm
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #29,300
  • Oct 17, 2018 12:22am Oct 17, 2018 12:22am
Quoting msniper
I have one Elliott waves book I was just checking out the book and I notice there is one chart looks almost identical to GJ chart on 4h frame !! even the gap down that happened on sunday is there hehe. so can history repeat it self ? {image} {image}
Wow that does look really similar
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