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Dragon Riders GBP/JPY

  • #30,721
  • Jun 26, 2019 10:30pm Jun 26, 2019 10:30pm
Quoting coderr
buy sl:136
sell-
  • #30,722
  • Jun 27, 2019 4:50am Jun 27, 2019 4:50am
Where will GBP/JPY mover over the next two weeks, up to the new Tory Leadership request?
  • #30,723
  • Jun 28, 2019 1:09am Jun 28, 2019 1:09am
Quoting coderr
{quote} sell-
100pips-exit
  • #30,724
  • Jun 29, 2019 8:55am Jun 29, 2019 8:55am
I'm a long in this couple. 136.43
I think we're in a shopping zone, which is 80%
payback 1-2 months.
  • #30,725
  • Jun 30, 2019 3:25pm Jun 30, 2019 3:25pm
Here's a top-down techncal perspective on GBPJPY.

On the daily time frame, price action is operating within an inner falling channel (red) and presently located around the channel support trendline. In the last few days, bulls have shown more influence in price action than bears and we may see them take price action further northwards and within the channel.

On the H4 time frame, price action has formed a triangular pattern (black) and presently operating near the upper trendline. Any northward breakout of the triangle is potentially a fading opportunity for a sell trade, giving the bearish impulsive trend on the weekly time frame.


I may be wrong. Trade safe and prosper.


KP

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Do your homework, follow the footprints of smart money
  • #30,726
  • Jul 2, 2019 12:51pm Jul 2, 2019 12:51pm
buy
sl:135.700
  • #30,727
  • Jul 3, 2019 4:27am Jul 3, 2019 4:27am
Quoting donfriday
Blue shape as ultimate buy zone 134.00 {image}
this business is about patience....
MY OPINION NOT FINANCIAL ADVISE
  • #30,728
  • Jul 3, 2019 5:38am Jul 3, 2019 5:38am
Short target at 134.9
  • #30,729
  • Jul 4, 2019 5:51am Jul 4, 2019 5:51am
Attached Image (click to enlarge)
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  • #30,730
  • Jul 10, 2019 4:49am Jul 10, 2019 4:49am
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  • #30,731
  • Jul 14, 2019 9:25pm Jul 14, 2019 9:25pm
Hello fellow traders,

Bullish view on h1.

Thanks

Attached Image (click to enlarge)
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"The markets can remain irrational longer than you can remain solv
  • #30,732
  • Jul 15, 2019 9:50am Jul 15, 2019 9:50am
buy
sl:134.95
  • #30,733
  • Jul 16, 2019 4:08am Jul 16, 2019 4:08am
Quoting msniper
{image}
everything going perfect according to the plan but I expect a bounce now and we can reach the below targets later next week maybe
Attached Image (click to enlarge)
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  • #30,734
  • Jul 16, 2019 4:51am Jul 16, 2019 4:51am
go down 132.00??
antimartingale is the best
  • #30,735
  • Jul 17, 2019 12:26am Jul 17, 2019 12:26am
Quoting msniper
{quote} everything going perfect according to the plan but I expect a bounce now and we can reach the below targets later next week maybe {image}
I follow you. Your analysis on usdjpy was right on target.
Could you please share wave count analysis on EUR GBP ?. Thank you.
sell strength in falling markets, and buy weakness in rising markets.
  • #30,736
  • Jul 18, 2019 1:46am Jul 18, 2019 1:46am
Quoting htcone
{quote} I follow you. Your analysis on usdjpy was right on target. Could you please share wave count analysis on EUR GBP ?. Thank you.
hi thank you

I don't really follow it but I think it should drop really hard. with SL closing daily above 0.9110
  • #30,737
  • Jul 18, 2019 2:26am Jul 18, 2019 2:26am
Quoting donfriday
Blue shape as ultimate buy zone 134.00 {image}

all shorters have to stand by now, this price will interest buyers so much ..trade ur chart
MY OPINION NOT FINANCIAL ADVISE
  • #30,738
  • Jul 18, 2019 3:09am Jul 18, 2019 3:09am
I just finished my Elliott waves analysis for GJ and its clearly wave 3 became shorter than wave 1 which will lead to wave 5 to be shorter than both wave 1 and 3

in conclusion

GJ will reach to 134.70 to 135.35 area and then drop to make the last low of this month

once a new low is made we go long with high leverage with stop loss at 132.25 because we should not go below this number

target between 139 to 141

happy pips to everyone
  • #30,739
  • Jul 18, 2019 4:30am Jul 18, 2019 4:30am
Retail trader sentiment
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  • #30,740
  • Jul 18, 2019 8:53am Jul 18, 2019 8:53am
Quoting Fredrik7
Retail trader sentiment {image}
that's very good support me shorting it

always do apposite of retails
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