Dragon Riders GBP/JPY

uj at 112 again. if success past that probably will drag gj and ej together. lets watch.

the dragon must be tired now.. after a long journey and consolidation....good jumo dragon now let decide next step to take

Brief basic simple Idea of what i did on the pair all week.
All positions closed now
Lovely thread glad to have joined the masses here.

We will see 145-146 area again, till then Holding the long taken at 143.7 and will add another similar lot at 142ish if it dropped further.

Daily quotes are into C zone....entry LONG only over 144.20 TP 145.5 SL 142.75

Having hit 142.96 my scenario is short around 144.20 (your resistence) but amazingly will drop quite fast to around 123.50. Can´t believe it but time will tell.

my GJ analysis failed in the last week and it didn't go up like I expected. I think this pair is still in confused area as both scenarios the bullish and bearish have equal probabilities.

for the bullish scenario the low we saw on Friday at 142.77 is either the final bottom for the bullish scenario from which GJ will continue going higher 147 then 150 then 152 then 154 .

in case of the bearish scenario the low we saw on Friday is just the end of WAVE 3 and we will keep going up on wave 4 which can be hard to know its length exactly as it might get extended. but we can say we have area between 144.30 to 146.50 that would be good area to go short and have target between 137 to 139

for UJ I am expecting it to go up to between 112.90 to 113.40 before selling resume again to below 110 so clearly UJ is bearish
for GU I am expecting we should go up test area near 1.1300 and if we manage to close above it for 1 or 2 days then its bullish and will go to 1.3500 but if it failed then we bearish and next target will be between 1.2550 to 1.2720 before start flying again

conclusion its risky to trade but u insist make sure you open very small positions and always use tight stop loss

I will update only if I see something clear and worth posting

Moring Traders.

First trade of the week on the pair.
Chart sais it all, Current short has TP at 142.400.
Will trail SL stay green and safe.
Have a couple of limit orders in place due to expected pullback as per chart pattern on larger time frames.

Update: Closed half trade SL moved to BE.

Elliott waves tells me that we finished wave 3 at the 142.77 bottom and now we are on wave 4 which will make GJ go up to around 144.30 to 145.30 ( if it doesn't want to extend )

144.30 to 145.30 area will provide good selling area to target a new low in the last 5th wave down

lets see

For now, behaving well

Closing my short with a small profit. scenario is changiing to the upside, probably to around 147.80

GJ keeps building bullish flags which is good for me

I will make sure I exit in 145 area and I will stay away from all JPY pairs because on Wednesday its interest rate and I don't want to trade in crazy moments

Isn´t this crazy alltogether my friend I understand

looks like GJ is creating a BEAR FLAG

I will exit my long inside the white circle
I will short GJ inside the blue circle if GJ close below the trend

GJ nice bounce from the trend so far we hit 144.06 I need more upside.

I am expecting GJ to make the top between 144.87 to 145.38

exit the LONG inside the white circle or if the uptrend is broken

Looks you are right just me think need wait second trends test for small sell and then back to fibo .68 level

I'm long and strong.

nice me too. but I will exit between 144.80 to 145.40 and stay outside market for 2 days