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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

A very bad week for me. I was betting on shorts and never held them to exit on time. It was ranging to same price levels 134 or 135 etc. May be I got impatient with huge lots.
Believe in your thesis and stick to the plan, don't get scared with moves
Quoting coderr
daily-pattern-forecast {image}
Quoting coderr
daily-pattern-forecast {image}
227PIPS
Please am new to this trade...what do you suggest i do with this pair?
Quoting PayTheLimit
{quote} I like that spot also, gonna try some shorts at 135.65, risk 50....
might have more gas to the down side, but I covered at 133.00....
Look Sharp/Trade Tight
Quoting coderr
daily-pattern-forecast {image}
280pips
Quoting msniper
very very long-term target I think this might happen {image}
I will exit now with more than 200pips profit

I will wait for GJ to reach near 137 then think again to short
Quoting msniper
{quote} I will exit now with more than 200pips profit I will wait for GJ to reach near 137 then think again to short
Great, I am going long GJ with target at around 135.5. Cheers
Im targeting 131.65 then 118!!
Quoting Ultimate4eva
Please am new to this trade...what do you suggest i do with this pair?
Follow me to 118.00 or lower...enter now. I can tell corrections from impulse moves when they first appear.....harmonic Elliott wave....by the renowned Ian Copsey.....
FREE Spreadsheet for FxRay thread readers.....from Ian Copsey....target

487 pips from that 131,80
H4: Price has reached oversold line on RSI
M30: Oil price is correcting and their is a likely correlation to the pair.

I am taking a small long position.
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If you're gonna be a bear, be a grizzly
so far I see GJ going to follow this scenario
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maybe some R at 131.94...and maybe I try some shorts there...
Look Sharp/Trade Tight
Quoting Gbp/jpy
{quote} Follow me to 118.00 or lower...enter now. I can tell corrections from impulse moves when they first appear.....harmonic Elliott wave....by the renowned Ian Copsey.....
Well...that is a good call indeed. The problem with an Elliot Wave, is that it is an Wlliot Wave once it is an Elliot Wave. Too subjective to be shouting around to people that you can "tell corrections from moves when they first appear"
update for my view

that GJ turned bullish now and we should benefit from any drop to buy dips

it will continue going up to 144 or more
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I'm short from
SELL:
139.72 sl: 141.00. tp: 136.00


Is anybody in this trade?
triangle pattern
If it breaks these, then I will ..... Thanks
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Quoting FxTPs
I'm short from SELL: 139.72 sl: 141.00. tp: 136.00 Is anybody in this trade? triangle pattern If it breaks these, then I will ..... Thanks {image}
if you held your position over the weekend, then next week at market open, you might get lucky
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Don't Worry Be Happy
GJ reaching seller zone possible 142 or 143....but looking at this fibo extention 150 could be ultimate target
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PLAN YOUR RISK & REWARD BEFORE INVEST
Quoting donfriday
GJ reaching seller zone possible 142 or 143....but looking at this fibo extention 150 could be ultimate target {image}
actually that's my sell area between 142 to 143 for a drop minimum 500 pips

but this 150 and 155 scenario is also possible but I doubt they reach it without a big correction or drop down
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