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GBP/JPY

  • #2,361
  • Jun 16, 2020 10:24am Jun 16, 2020 10:24am
Quoting msniper
i am short 136.20 no SL TP 128.xx
1st 100pips profit
  • #2,362
  • Jun 16, 2020 10:24am Jun 16, 2020 10:24am
Quoting karmostaji
{quote} I like the confidence but please manage risk, we want to have you here with us

hehe this is how much i am confident about the drop the reason i didnt put SL because it might go test 137.xx before the big drop so i dont want them to hunt my SL
  • #2,363
  • Jun 16, 2020 10:53am Jun 16, 2020 10:53am
Went Long just now. SL just below 133.300 TP Open. I will be trailing the SL. Trade Safe. I might be wrong. My potential Target is 1:2 to 1:4.

Cheers.
WARNING: This post warps space and time in its vicinity.
  • #2,364
  • Jun 16, 2020 11:05am Jun 16, 2020 11:05am
i am bearish in GJ but GU kind of inbetween it might have one more top on 5th wave to 1.30 and might also 5th wave has failed and it will go down
  • #2,365
  • Jun 16, 2020 11:11am Jun 16, 2020 11:11am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 62 KB


I`m still looking forward for a bullish momentum towards the previous resistance zone.
However it all depends on where the price close by this week, should the price closes below 135 / 134, then a possible downtrend towards the previous support zone
keep it simple
  • #2,366
  • Jun 16, 2020 11:15am Jun 16, 2020 11:15am
are we going to have similar pin this month again ?

and also if u notice this month the monthly candle doesnt have a tail below which rare to happen so i expect we go down to make a lower pin
Attached Image (click to enlarge)
Click to Enlarge Name: month.jpg Size: 74 KB
  • #2,367
  • Jun 16, 2020 11:19am Jun 16, 2020 11:19am
4h close below 134.50 we will confirm bear in control
  • #2,368
  • Jun 16, 2020 11:58am Jun 16, 2020 11:58am
Quoting msniper
are we going to have similar pin this month again ? and also if u notice this month the monthly candle doesnt have a tail below which rare to happen so i expect we go down to make a lower pin {image}
Maybe not. I am expecting it to hit new highs this month. Trade Safe.

Cheers
WARNING: This post warps space and time in its vicinity.
  • #2,369
  • Jun 16, 2020 4:46pm Jun 16, 2020 4:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 52 KB


Apparently the daily closes below the weekly R zone, hence i made a sell entry and closes most of my previous buy entry below (as shown in previous ss), while remaining only 1.

My target would be between the area of 130.5 - 131.5 for any sign of potential reversal back towards uptrend.
keep it simple
  • #2,370
  • Jun 16, 2020 9:06pm Jun 16, 2020 9:06pm
Quoting msniper
i am short 136.20 no SL TP 128.xx
i might extend my target to 124 by the way
  • #2,371
  • Jun 17, 2020 5:05am Jun 17, 2020 5:05am
Quoting msniper
{quote} hehe this is how much i am confident about the drop the reason i didnt put SL because it might go test 137.xx before the big drop so i dont want them to hunt my SL
What do you think about the daily/4h support area of 132.75?
Trade what you see, not what you think.
  • #2,372
  • Jun 17, 2020 5:05am Jun 17, 2020 5:05am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY H1.png Size: 99 KB
Click to Enlarge Name: GBPJPY D1.png Size: 66 KB
  • #2,373
  • Jun 17, 2020 5:52am Jun 17, 2020 5:52am
Quoting msniper
{quote} i might extend my target to 124 by the way
Possible... either GBP driven or equities must fall... only way but then if it is only GBP driven and equities rally... GBPAUD and GBPNZD would be faster horses to ride down.
  • #2,374
  • Jun 17, 2020 8:30am Jun 17, 2020 8:30am
Quoting karmostaji
{quote} What do you think about the daily/4h support area of 132.75?
i dont see 132.75 as a strong support maybe just temporarily one

i think the most important levels are 134.50 133.50 131.50

everytime one of these level break it goes to the next one

all jpy pairs having bearish flag or bearish cup and handle and exactly standing on support now so any moment they can break and the party start

i would say EURJPY is the key once 120.30 is broken it confirm all jpy pairs going to fall
Attached Image (click to enlarge)
Click to Enlarge Name: gj4.jpg Size: 196 KB
  • #2,375
  • Jun 17, 2020 8:32am Jun 17, 2020 8:32am
EG have a very beautiful bullish pattern a triangle and already retested

once EG shoot up it will make GJ fall down they usually move apposite each others
Attached Image (click to enlarge)
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  • #2,376
  • Jun 17, 2020 8:41am Jun 17, 2020 8:41am
how i see it based on elliott waves counting

the wave 3 will end up in 130s area i assume so might be good place to lock some profit and reshort if bounce happen
Attached Image (click to enlarge)
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  • #2,377
  • Jun 17, 2020 8:45am Jun 17, 2020 8:45am
EURJPY usually give early signals for the rest of JPY pairs

once we break and close below the neckline we will get 200 pips drop
Attached Image (click to enlarge)
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  • #2,378
  • Jun 17, 2020 3:52pm Jun 17, 2020 3:52pm
i exit my GJ short at 134.27 with 193pips profit

i am not happy much with this slow PA

i think it can go lower to 133.70 then bounce again to 137 or maybe am wrong

i will hope it will make a bounce so i can sell it again 137 or 138
  • #2,379
  • Jun 17, 2020 3:57pm Jun 17, 2020 3:57pm
Quoting msniper
i exit my GJ short at 134.27 with 193pips profit i am not happy much with this slow PA i think it can go lower to 133.70 then bounce again to 137 or maybe am wrong i will hope it will make a bounce so i can sell it again 137 or 138
I've tightened stops and will sit tight until London open and see..

I rather get stopped out for some profit than get out now and then watch it fall..
Trade what you see, not what you think.
  • #2,380
  • Jun 17, 2020 4:01pm Jun 17, 2020 4:01pm
i just dont like this area blue and pink line soo much noise lol
Attached Image (click to enlarge)
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