Attachments: GBP/JPY

GBP/JPY

#2,841
Jul 8, 2020 4:45am Jul 8, 2020 4:45am

forexer11
| Joined Feb 2013 | Status: Trader | 277 Posts

Quoting karmostaji

Disliked

{quote} Done & In

Ignored

hope so this crazy called pair make me fool, hope will fly up not reverse as usual

#2,842
Jul 8, 2020 7:08am Jul 8, 2020 7:08am

Ksth
| Joined Jun 2012 | Status: Trader | 977 Posts

Good to short again. 135

#2,843
Jul 8, 2020 7:31am Jul 8, 2020 7:31am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting Ksth

Disliked

Good to short again. 135

Ignored

A spike is ready. Play safe

TW

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#2,844
Jul 8, 2020 7:47am Jul 8, 2020 7:47am

Ksth
| Joined Jun 2012 | Status: Trader | 977 Posts

Quoting WizardTrade

Disliked

{quote} A spike is ready. Play safe TW

Ignored

I don't care spike as long not 200pips. I just keep saw that area 130.360. Tp ..

lolz

#2,845
Jul 8, 2020 7:50am Jul 8, 2020 7:50am

Ksth
| Joined Jun 2012 | Status: Trader | 977 Posts

Need 4hrs bar close below 134.36. My short will survive. Hehe

#2,846
Jul 8, 2020 8:37am Jul 8, 2020 8:37am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting WizardTrade

Disliked

{quote} A spike is ready. Play safe TW

Ignored

Spike into play.

WARNING: This post warps space and time in its vicinity.

#2,847
Jul 8, 2020 9:57am Jul 8, 2020 9:57am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting WizardTrade

Disliked

{quote} Spike into play. TW

Ignored

Booked +200 pips (GU + GJ). Enough for the day.

TW

WARNING: This post warps space and time in its vicinity.

#2,848
Jul 8, 2020 2:34pm Jul 8, 2020 2:34pm

micronasdaq
| Joined Jun 2020 | Status: Trader | 22 Posts

Text book break and retest of 2 trendlines. Pretty easy trading day on the nasdaq and here.
I'm expecting the top to blow up again soon. Maybe Asia will come buying today and London will retrace it.

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#2,849
Jul 9, 2020 4:03am Jul 9, 2020 4:03am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting WizardTrade

Disliked

{quote} Now the price may become sideways at 135.7xx then a push up may lead to 137.5xx-138.2xx region. I will look for shorts there till then I am riding the risk free trade with SL at BE, closed half position. Cheers TW

Ignored

Price reaches 135.7xx region. We may see sideways movement and then a spike to 138 region. I will watch-out for price action here.

Trade Safe.
TW

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#2,850
Jul 9, 2020 6:09am Jul 9, 2020 6:09am

karmostaji
Joined Nov 2006 | Status: Dubai | 11,493 Posts

Quoting WizardTrade

Disliked

{quote} Price reaches 135.7xx region. We may see sideways movement and then a spike to 138 region. I will watch-out for price action here. Trade Safe. TW

Ignored

Trade what you see, not what you think.

#2,851
Jul 9, 2020 9:21am Jul 9, 2020 9:21am

Forexgoat
| Membership Revoked | Joined Jun 2020 | 28 Posts

This is a free telegram group where experienced traders share their trades and technical/ fundamental updates on the market: https://t.me/joinchat/IQwq2hFv4UeDJ_9RROZqcw

#2,852
Edited 10:28am Jul 9, 2020 9:49am | Edited 10:28am

micronasdaq
| Joined Jun 2020 | Status: Trader | 22 Posts

So the pair is falling at the moment in line with the indexes. Gold is high which usually means trouble in the horizon. We may see some risk aversion creeping in for reasons we will only know later.

edit: It looks like the stock market started falling after the news about record hospitalizations and deaths related to coronavirus in Florida.

#2,853
Jul 9, 2020 10:59am Jul 9, 2020 10:59am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting Forexgoat

Disliked

This is a free telegram group where experienced traders share their trades and technical/ fundamental updates on the market: https://t.me/joinchat/IQwq2hFv4UeDJ_9RROZqcw

Ignored

Don’t spam the forums. I believe you will be blocked at FF for this behavior.

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#2,854
Jul 9, 2020 11:19am Jul 9, 2020 11:19am

WizardTrade
Joined Apr 2020 | Status: Risk -> Coffee -> Profit -> Repeat | 1,380 Posts

Quoting WizardTrade

Disliked

{quote} Price reaches 135.7xx region. We may see sideways movement and then a spike to 138 region. I will watch-out for price action here. Trade Safe. TW

Ignored

Price reached the daily resistance area and current daily candle is the bearish pin bar in the making. It may over-extend to the upper resistance area to make the right

shoulder and then it may reverse from there for taking this neck-line out.

TW

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#2,855
Jul 9, 2020 2:20pm Jul 9, 2020 2:20pm

MackS10
Joined Feb 2007 | Status: Goal achieved | 914 Posts

Yes there is critical resistance that couldn't break. Now we have a daily pin in place. Best to start protecting profit if long.
Adding a few shorts, first target is towards 1.3100.

Cheers folks~

#2,856
Jul 9, 2020 2:56pm Jul 9, 2020 2:56pm

micronasdaq
| Joined Jun 2020 | Status: Trader | 22 Posts

GBP/JPY decoupled from NASDAQ. The pair keeps falling while NASDAQ is printing all time brand new highs.
Gold is still strong so I would say that risk aversion is kind of getting back.
I don't like to trade in this kind of conflicting situations but I would say that Forex ( and gold) traders are right and the market is turning bearish.
Just my opinion for now.......

#2,857
Jul 9, 2020 9:53pm Jul 9, 2020 9:53pm