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Enter The Dragon - GBP/JPY 2 replies

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Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Quoting donfriday
checkout {image}
hahaha look what I wrote few seconds before you post your chart ! you read my mind
Quoting donfriday
checkout {image}
This is the beauty. Everyone says all sorts and no one knows nothing (including myself) hahaha
PHASE II running 666
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)
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Observation is the path to discovery.
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
PHASE II running 666
Quoting Robinhood1
{quote} Suerte camarada
Observation is the path to discovery.
Quoting Alorente
{quote}
I had the same idea with this pair.
We only need patience.
Follow me in Instagram: @tnavis
Quoting tnavi
{quote} I had the same idea with this pair. We only need patience.
Saludos
PHASE II running 666
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
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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.
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
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)
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Observation is the path to discovery.
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
PLAN YOUR RISK & REWARD BEFORE INVEST
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)
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Observation is the path to discovery.
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
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The target is 150.50 or 151.50 before trend change
Quoting RBlackburn
The target is 150.50 or 151.50 before trend change
...
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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 ?
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Attached Image
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
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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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