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GBP/JPY

  • #2,201
  • May 19, 2020 4:14am May 19, 2020 4:14am
Quoting msniper
{quote} forget about it GJ closed above the down channel that's bullish not good to go short
I see the same thing, retest of the TL and go long..
Trade what you see, not what you think.
  • #2,202
  • May 19, 2020 6:54am May 19, 2020 6:54am
132.70 should be next. Confluence area .
Attached Image (click to enlarge)
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  • #2,203
  • May 19, 2020 9:01am May 19, 2020 9:01am
I can see bearish divergence on 4h and daily

which might playout if we reach somewhere near 132.50 to 132.90

to target a retrace alll the way down to below 131.50

from from below 131.50 is a good buy
  • #2,204
  • May 20, 2020 1:51am May 20, 2020 1:51am
Quoting msniper
I can see bearish divergence on 4h and daily which might playout if we reach somewhere near 132.50 to 132.90 to target a retrace alll the way down to below 131.50 from from below 131.50 is a good buy
it reached exactly 132.50 and went down

I didn't short at the top but I just shorted at 131.94

I think we have 2 scenario

1- retracement to 131.00 and from there buy

2- we are having now major reversal area and we heading down to below 129

I am confused between which scenario I should pick but since we still below daily gann I would choose scenario 2 until daily close above gann
  • #2,205
  • May 20, 2020 4:17am May 20, 2020 4:17am
Intraday trading..
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  • #2,206
  • May 20, 2020 4:19am May 20, 2020 4:19am
Quoting msniper
{quote} it reached exactly 132.50 and went down I didn't short at the top but I just shorted at 131.94 I think we have 2 scenario 1- retracement to 131.00 and from there buy 2- we are having now major reversal area and we heading down to below 129 I am confused between which scenario I should pick but since we still below daily gann I would choose scenario 2 until daily close above gann
It bounced off the resistance and luckily I took a short, I'm targeting the 130 to 130.50 area and that coincides with the retest of the broken TL.

Will be looking for reversal signs in that area in order to buy and most probably hold onto the rocket this time... Who knows
Trade what you see, not what you think.
  • #2,207
  • May 20, 2020 6:33am May 20, 2020 6:33am
Quoting karmostaji
{quote} It's nuts lol, to be honest with you, I don't like this large retracement we just had, I don't know what to expect now, gotta wait and watch GJ see-saw

im hoping it goess downnnnnn alll the way
  • #2,208
  • May 20, 2020 7:17am May 20, 2020 7:17am
GU have bearish pattern I think it will drag GJ down

news after 45mins
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  • #2,209
  • May 20, 2020 8:37am May 20, 2020 8:37am
what is the BOE governor saying?
I hope you speak badly of the English economy, I'm short
  • #2,210
  • May 20, 2020 8:49am May 20, 2020 8:49am
I am bullish on GJ, will add more longs if it drops.
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  • #2,211
  • May 20, 2020 11:34am May 20, 2020 11:34am
Quoting msniper
GU have bearish pattern I think it will drag GJ down news after 45mins {image}
nice drop for both GU and GJ

price now 1.2229 and 131.50

I exit all my short because kind of scary

I will see later if I should go long or wait for daily close
  • #2,212
  • May 20, 2020 11:47am May 20, 2020 11:47am
nice drop! closed
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  • #2,213
  • May 20, 2020 11:50am May 20, 2020 11:50am
Quoting anjelika
nice drop! closed {image}

Real account?
  • #2,214
  • May 20, 2020 10:30pm May 20, 2020 10:30pm
Watching 1hr chart. Lets see which side it breaks.

I am bullish, waiting for break to add more longs.
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  • #2,215
  • May 21, 2020 1:40am May 21, 2020 1:40am
Quoting karmostaji
{quote} It bounced off the resistance and luckily I took a short, I'm targeting the 130 to 130.50 area and that coincides with the retest of the broken TL. Will be looking for reversal signs in that area in order to buy and most probably hold onto the rocket this time... Who knows
I closed my shorts yesterday at 130.50, the down move looks exhausted.

Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.
Trade what you see, not what you think.
  • #2,216
  • May 21, 2020 1:44am May 21, 2020 1:44am
Quoting karmostaji
{quote} I closed my shorts yesterday at 130.50, the down move looks exhausted. Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.

Are you long?
  • #2,217
  • May 21, 2020 2:23am May 21, 2020 2:23am
Quoting karmostaji
{quote} I closed my shorts yesterday at 130.50, the down move looks exhausted. Just took a long with a tight stop, will move stop to BE in a few hours (hopefully) and will watch the PA, will be interesting if it can take out the 132.40 area, daily TL, and gann hilo.
I am thinking to short both GJ and GU and SL the top of yesterday at 132.50 and 1.2296 with targets new low for both

yesterday daily candles tells me we are bearish
  • #2,218
  • May 21, 2020 2:50am May 21, 2020 2:50am
not very comfortable with GJ so instead I shorted GU

I shorted GBPUSD 1.2200

SL 1.2300

TP 1.1815
  • #2,219
  • May 21, 2020 2:51am May 21, 2020 2:51am
Quoting msniper
not very comfortable with GJ so instead I shorted GU I shorted GBPUSD 1.2200 SL 1.2300 TP 1.1815
My TP is 1.2100
  • #2,220
  • May 21, 2020 6:08am May 21, 2020 6:08am
Quoting msniper
{quote} I am thinking to short both GJ and GU and SL the top of yesterday at 132.50 and 1.2296 with targets new low for both yesterday daily candles tells me we are bearish
4h candle close is a bullish engulfing and above the 4h resistance of 131.65 area, I'm expecting a retest of 132.40 area and hopefully a break above.

My SL is already set at B/E, so I'll take some patience pills and relax.
Trade what you see, not what you think.
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