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GBP/JPY

  • #3,041
  • Jul 28, 2020 1:12pm Jul 28, 2020 1:12pm
this is bigger picture to show why i am short GJ and where i want to long

breaking 136.50 is not something easy and we need a solid support to bounce from

i can see that solid support is near 134.4x area
Attached Image (click to enlarge)
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  • #3,042
  • Jul 28, 2020 2:47pm Jul 28, 2020 2:47pm
Quoting msniper
this is bigger picture to show why i am short GJ and where i want to long breaking 136.50 is not something easy and we need a solid support to bounce from i can see that solid support is near 134.4x area {image}
As long as price remains above 135.25 then it is going up, if we break below that level then yes 134s. Until then I remain bullish
Trade what you see, not what you think.
  • #3,043
  • Jul 28, 2020 3:24pm Jul 28, 2020 3:24pm
Quoting msniper
{quote} indeed risky but the risk is small only 65pips loss if happen i agree with GJ flying to 139 and more but i still dont think we ready i just need one more push down below 135 before flying thinking 134.30 to 134.70 is the area i will open long at the moment GU should go down and UJ should retrace up . so lets see GJ will follow who
gu may not drop until august and with fomc gj may rise to 1.40 gu 1.30 and 1.32


i am looking for a good short on both
MY OPINION NOT FINANCIAL ADVISE
  • #3,044
  • Jul 28, 2020 4:34pm Jul 28, 2020 4:34pm
so far my short profit 21pips am gonna move SL to entry level so risk free. i will head to sleep now . see u guys tomorrow
  • #3,045
  • Jul 29, 2020 3:36am Jul 29, 2020 3:36am
Quoting msniper
this is bigger picture to show why i am short GJ and where i want to long breaking 136.50 is not something easy and we need a solid support to bounce from i can see that solid support is near 134.4x area {image}
What a beautiful chart and top class analysis. Hopefully 136,50 can be broken today. Good luck with your trade sir
  • #3,046
  • Edited 4:56am Jul 29, 2020 4:24am | Edited 4:56am
my SL got hit at BE zero loss

price now 136.15 i still think its a chance to sell against the high of 136.6x

perhaps i will sell again at 136.30 ( second plan is to extend the SL to 137.40 )

lets see
  • #3,047
  • Jul 29, 2020 4:38am Jul 29, 2020 4:38am
GBPUSD must respect the pink circle and go down. and if it failed to respect then something is wrong
Attached Image (click to enlarge)
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  • #3,048
  • Jul 29, 2020 5:21am Jul 29, 2020 5:21am
this bearish harmonic can be squeezed all the way near 137 thats why selling and depending on 136.6x as a stoploss can fail also

so i might wait little bit more before shorting

but definitely shorting if new high is made along with bear div
Attached Image (click to enlarge)
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  • #3,049
  • Jul 29, 2020 7:15am Jul 29, 2020 7:15am
Quoting msniper
this bearish harmonic can be squeezed all the way near 137 thats why selling and depending on 136.6x as a stoploss can fail also so i might wait little bit more before shorting but definitely shorting if new high is made along with bear div {image}

if today break 136.50 kiss 140 ..peace
MY OPINION NOT FINANCIAL ADVISE
  • #3,050
  • Jul 29, 2020 7:17am Jul 29, 2020 7:17am
Quoting donfriday
{quote} if today break 136.50 kiss 140 ..peace
sure why not but it can also break 136.50 then drop below 135 and then again up to 140 hehe

market is not normal and will do many tricks am sure
  • #3,051
  • Jul 29, 2020 7:55am Jul 29, 2020 7:55am
Hi,

Am New here and saw this thread and wanted to share my ideas on my favorite pair.

Got out today at about 136.360 for a nice 1 - 8 RR swing trade.

I am planning to enter at a break and retest of 136.631 eying the top of that channel.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4-7.29.2020.10.45.png Size: 33 KB
Give the market little, Aim to take a lot!
  • #3,052
  • Jul 29, 2020 8:22am Jul 29, 2020 8:22am
Quoting msniper
GBPUSD must respect the pink circle and go down. and if it failed to respect then something is wrong {image}
I will be surprised if it does not respect it. The pound is also on my watchlist.

COT data is showing hedge funds net short on GBP. they've been adding more short positions in past weeks.

Attached Image
Give the market little, Aim to take a lot!
  • #3,053
  • Jul 29, 2020 8:47am Jul 29, 2020 8:47am
Quoting Calsimay
{quote} I will be surprised if it does not respect it. The pound is also on my watchlist. COT data is showing hedge funds net short on GBP. they've been adding more short positions in past weeks. {image}

they dont trade with sl and they have fat account ...GBP is currenctly showing overbought soon we will see some correction to the down side ...fomc coming in a bit.
MY OPINION NOT FINANCIAL ADVISE
  • #3,054
  • Jul 29, 2020 11:40am Jul 29, 2020 11:40am
and the game continue USDJPY new lows and GBPUSD new high and GBPJPY cant move anywhere
  • #3,055
  • Jul 29, 2020 12:29pm Jul 29, 2020 12:29pm
Quoting msniper
and the game continue USDJPY new lows and GBPUSD new high and GBPJPY cant move anywhere
Yup it's in a range which I anticipated. That's why I got out early.

Want to see a break and retest of 136.631 to get back in.

Or, a break and retest of the lower price channel to short.
Give the market little, Aim to take a lot!
  • #3,056
  • Jul 29, 2020 12:59pm Jul 29, 2020 12:59pm
Quoting msniper
and the game continue USDJPY new lows and GBPUSD new high and GBPJPY cant move anywhere
Still holding my long position and expecting price to continue higher.
Trade what you see, not what you think.
  • #3,057
  • Jul 29, 2020 10:35pm Jul 29, 2020 10:35pm
Quoting karmostaji
{quote} Still holding my long position and expecting price to continue higher.
Master of the master, let see what will happen boss
  • #3,058
  • Jul 29, 2020 10:43pm Jul 29, 2020 10:43pm
Exclusive analysis of gold:

https://www.forexfactory.com/thread/...0#post13087000
  • #3,059
  • Jul 30, 2020 2:25am Jul 30, 2020 2:25am
GJ is going to break 136.6. Tp can look @ 137.6. Tp2 @ 138.25. Final tp@ 140 . Good luck
  • #3,060
  • Jul 30, 2020 3:31am Jul 30, 2020 3:31am
GJ just made new high . i didnt short yet

both its risky long or short but i guess its in favor of bulls so far

if GJ goes above 137.20 then we will see 139.50
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