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GBP/JPY

  • #2,861
  • Jul 10, 2020 1:48am Jul 10, 2020 1:48am
Quoting axecap
{quote} I can work with that ...... but how did you arrive at that conclusion?

1 chart reading
2 years of experience
3 patience.
MY OPINION NOT FINANCIAL ADVISE
  • #2,862
  • Jul 10, 2020 2:41am Jul 10, 2020 2:41am
Quoting donfriday
{quote} 1 chart reading 2 years of experience 3 patience.
well then...what could possibly go wrong... giddyup
Its all just one persons opinion
  • #2,863
  • Jul 10, 2020 4:53am Jul 10, 2020 4:53am
Quoting Ksth
Need 4hrs bar close below 134.36. My short will survive. Hehe
OK buy up now. 4hrs bar can't close below 134.36. Tp 137.09
  • #2,864
  • Jul 10, 2020 4:55am Jul 10, 2020 4:55am
Quoting Ksth
{quote} OK buy up now. 4hrs bar can't close below 134.36. Tp 137.09
Again, play safe. Trend is your friend until it bends. And I am seeing a bend happening now. I will update my thoughts based on PA in couple of hours.

Cheers
TW
WARNING: This post warps space and time in its vicinity.
  • #2,865
  • Jul 10, 2020 5:51am Jul 10, 2020 5:51am
Quoting WizardTrade
{quote} Again, play safe. Trend is your friend until it bends. And I am seeing a bend happening now. I will update my thoughts based on PA in couple of hours. Cheers TW
I waiting it hit 135.3 will add more long
  • #2,866
  • Jul 10, 2020 6:23am Jul 10, 2020 6:23am
I know my analysis may be a divergence! Summary: do nothing! or if you really must trade this pair wait for an H1 rally after the last drop and make sure it is a weak rally then sell. GBP and JPY are the two strongest currency now of the major 8. GBP was before JPY started today. So logically it should fade first. Plus it is risk-off sentiment partially. Do not trade strong vs strong. Phew I didn't know I will write so much...lol.
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Recommendation Trade Strong vs Weak.
Strong; gbp, jpy
weak; aud, cad

good luck!
  • #2,867
  • Edited 2:43pm Jul 10, 2020 8:14am | Edited 2:43pm
Quoting donfriday
{quote} the big player want GJ at 128... just my opinion
I agree...between 128 and 123.80. I anticipate some buying coming in. And I think price will accelerate into that level to panic traders to sell to them. While everyone is selling, they will be picking up saying thank you. lets see...I am only anticipating meaning not a fixed outcome, i am malleable to change my views as the market directs...
  • #2,868
  • Jul 10, 2020 4:51pm Jul 10, 2020 4:51pm
Curious how the descending pivotal trendline was tested for the forth time.
I actually got long at the line but got stopped out before it went up decisively.
I believe the bears still have a chance next week. News are turning bearish all the bears need is a good catalyst.
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  • #2,869
  • Jul 12, 2020 9:32pm Jul 12, 2020 9:32pm
Quoting Ksth
{quote} OK buy up now. 4hrs bar can't close below 134.36. Tp 137.09
Change my tp to 136.30 . Short from there
  • #2,870
  • Jul 13, 2020 4:18am Jul 13, 2020 4:18am
I've shorted from 135.35 and expecting a very bearish week trade is already risk-free

so popping a bottle of patience pills
Trade what you see, not what you think.
  • #2,871
  • Jul 13, 2020 6:13am Jul 13, 2020 6:13am
Quoting karmostaji
I've shorted from 135.35 and expecting a very bearish week trade is already risk-free so popping a bottle of patience pills
agree with a possible drop but it will be a normal retracement like maybe 100 pips before going up and making new high

i want to short on new high above 136
  • #2,872
  • Jul 13, 2020 6:30am Jul 13, 2020 6:30am
Quoting msniper
{quote} agree with a possible drop but it will be a normal retracement like maybe 100 pips before going up and making new high i want to short on new high above 136
Expecting first TP at 133.70 and if that doesn't hold, then GJ could tank IMO
Trade what you see, not what you think.
  • #2,873
  • Jul 13, 2020 7:32am Jul 13, 2020 7:32am
Multiple head and shoulder formations should bring the pair down a least a bit
  • #2,874
  • Jul 13, 2020 9:11am Jul 13, 2020 9:11am
We may reach 138 by the end of next week.
WARNING: This post warps space and time in its vicinity.
  • #2,875
  • Jul 13, 2020 9:14am Jul 13, 2020 9:14am
Quoting WizardTrade
We may reach 138 by the end of next week.
I don't dare to aim so high. It may reverse. @136.3. See how it goes. Hehe
  • #2,876
  • Jul 13, 2020 1:55pm Jul 13, 2020 1:55pm
Unable to break higher again creating Daily Pin/shooting star.
Let's see if the lower term break holds and takes us lower.
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  • #2,877
  • Jul 13, 2020 2:14pm Jul 13, 2020 2:14pm
drop to 134.1 is possible
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  • #2,878
  • Jul 13, 2020 8:28pm Jul 13, 2020 8:28pm
Quoting Ksth
{quote} I don't dare to aim so high. It may reverse. @136.3. See how it goes. Hehe
I close my trade. Possible back to 133
  • #2,879
  • Jul 13, 2020 11:54pm Jul 13, 2020 11:54pm
Quoting karmostaji
{quote} Expecting first TP at 133.70 and if that doesn't hold, then GJ could tank IMO
Got stopped out, price seems to found support at 134.40 area, if it hold then price shall try to break back above 135.50 and possible TP are 136.60 and 138.00
Trade what you see, not what you think.
  • #2,880
  • Jul 13, 2020 11:57pm Jul 13, 2020 11:57pm
Yes there seems to be a slight up potential on daily.
The pair is behaving strange.
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