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GBP/JPY

  • #2,541
  • Jun 26, 2020 3:12am Jun 26, 2020 3:12am
Quoting axecap
{quote} I get that an m15 candle is relevant right now...not so sure one from 2 days ago is...was just curious
Sometimes rather everytime you take a trade, the context is necessary to Be considered, not just the current price action.

TW
WARNING: This post warps space and time in its vicinity.
  • #2,542
  • Jun 26, 2020 7:48am Jun 26, 2020 7:48am
Quoting WizardTrade
Riding and trailing is the key. TP is open as long as I see price action confirming to my entry. {image}
SL moved to BE. Riding now at 90+ pips. Trade safe

cheers
TW
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  • #2,543
  • Jun 26, 2020 7:52am Jun 26, 2020 7:52am
Looks good to buy now.
  • #2,544
  • Jun 26, 2020 8:29am Jun 26, 2020 8:29am
Quoting Ksth
Looks good to buy now.
We may see a little bounce on Monday ONLY to collect more volume to continue down. I might be wrong. Trade Safe.

Cheers
TW
WARNING: This post warps space and time in its vicinity.
  • #2,545
  • Jun 26, 2020 2:36pm Jun 26, 2020 2:36pm
Quoting axecap
shorted 132.55....will close on price action...dont expect too many pips here....20 is good
closed +34
Its all just one persons opinion
  • #2,546
  • Edited 10:03am Jun 27, 2020 9:50am | Edited 10:03am
Hey guys, hope you are all doing fine, I have been following the discussion on this treat for a wile, and now I decided to participate as well and hear your feedback
Basically I think we will have a retracement this week to the 136 area and if it breaks it its possible it will go to a 140s for a retest
I created this opinion by analyzing the 4h chart and the weekly chart.
On a 4h chart I identified a downtrend line which was broken and now started to act as a support and on 1w chart, this week closed as inverted hammer which is normally a sign of a reversal
Besides that there is the fact that the UK started a completed reopening + new spikes in COVID-19 cases in Tokyo (which also happen in UK but in past the YEN was more affected by COVID-19 spikes than GBP)
Hope to hear some feedback from you guys
cheers
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  • #2,547
  • Jun 27, 2020 11:30pm Jun 27, 2020 11:30pm
Quoting tablo998
Hey guys, hope you are all doing fine, I have been following the discussion on this treat for a wile, and now I decided to participate as well and hear your feedback Basically I think we will have a retracement this week to the 136 area and if it breaks it its possible it will go to a 140s for a retest I created this opinion by analyzing the 4h chart and the weekly chart. On a 4h chart I identified a downtrend line which was broken and now started to act as a support and on 1w chart, this week closed as inverted hammer which is normally a sign of...
Hi, cant argue with your analysis based on H4 and weekly. However D1 closed bearish and we have balancing at month and quarter end coming up.... so anything could happen. We could slide down that h4 trendline acting as suppoert for some time. There hasnt been a convincing rejection. I will be watching for a reversal...but I think we could fall a bit more , maybe still making that hammer a correct signal at the end of next week. Until the daily then weekly trend turns bullish there will be short term short options. Lets see.
Its all just one persons opinion
  • #2,548
  • Jun 28, 2020 10:31am Jun 28, 2020 10:31am
Quoting axecap
{quote} Hi, cant argue with your analysis based on H4 and weekly. However D1 closed bearish and we have balancing at month and quarter end coming up.... so anything could happen. We could slide down that h4 trendline acting as suppoert for some time. There hasnt been a convincing rejection. I will be watching for a reversal...but I think we could fall a bit more , maybe still making that hammer a correct signal at the end of next week. Until the daily then weekly trend turns bullish there will be short term short options. Lets see.
I agree when you say "there hasn't been a convincing rejection"

The pair may retest the 30 day old low around the 129 area.

Notuing goes down in a straight line but it still looks bearish to me.
  • #2,549
  • Edited 5:55pm Jun 28, 2020 3:23pm | Edited 5:55pm
[quote = micronasdaq; 13030431] {quote}
I agree when you say "there hasn't been a convincing rejection"

The pair may retest the 30 day old low around the 129 area.

Notuing goes down in a straight line but it still looks bearish to me.

[/ Citace]


I see it similarly, "rejection is not convincing" ...
There will be a decline, it will scare away private traders, some will start selling, others will receive a Margin call, the decline will increase ... I expect the bottom at 129 this week ... TP: 129 +, SL: NO ...

My opinion... ;-)
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  • #2,550
  • Jun 28, 2020 6:17pm Jun 28, 2020 6:17pm
Quoting Ksth
Looks good to buy now.
Haha. Go go go go.
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  • #2,551
  • Jun 28, 2020 8:26pm Jun 28, 2020 8:26pm
small short at 132.60
Its all just one persons opinion
  • #2,552
  • Edited 11:09pm Jun 28, 2020 10:54pm | Edited 11:09pm
M15 anything could happen.....or nothing.

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Its all just one persons opinion
  • #2,553
  • Jun 28, 2020 11:30pm Jun 28, 2020 11:30pm
Just buy for now.. Take note on area 134.285 .
  • #2,554
  • Jun 28, 2020 11:52pm Jun 28, 2020 11:52pm
Quoting Ksth
Just buy for now.. Take note on area 134.285 .
Trade Safe. We may dip to 129 and below this week. I might be wrong.

TW
WARNING: This post warps space and time in its vicinity.
  • #2,555
  • Jun 29, 2020 12:29am Jun 29, 2020 12:29am
Quoting Ksth
Just buy for now.. Take note on area 134.285 .
I have it as a target for later....but no sign its going there now , that can see
Its all just one persons opinion
  • #2,556
  • Jun 29, 2020 12:38am Jun 29, 2020 12:38am
Quoting WizardTrade
{quote} Trade Safe. We may dip to 129 and below this week. I might be wrong. TW
That would be fun! its within the range
Its all just one persons opinion
  • #2,557
  • Jun 29, 2020 12:46am Jun 29, 2020 12:46am
132.47 important break for short
Its all just one persons opinion
  • #2,558
  • Jun 29, 2020 12:48am Jun 29, 2020 12:48am
Quoting axecap
132.47 important break for short
132.35 next
Its all just one persons opinion
  • #2,559
  • Jun 29, 2020 1:09am Jun 29, 2020 1:09am
Quoting axecap
small short at 132.60
closed +28
Its all just one persons opinion
  • #2,560
  • Jun 29, 2020 1:17am Jun 29, 2020 1:17am
short 132.32
Its all just one persons opinion
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