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GBP/JPY

  • #3,221
  • Aug 20, 2020 3:38am Aug 20, 2020 3:38am
if the fourth candle remains red after this formation (D1), we will have a way down ... next week ...

just my opinion
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  • #3,222
  • Aug 20, 2020 4:03am Aug 20, 2020 4:03am
Quoting bob-dreamer
if the fourth candle remains red after this formation (D1), we will have a way down ... next week ... just my opinion {image}
Not a great H4 close but everything still bearish, but maybe 139.51 first. nothing happening too quicky !!
Its all just one persons opinion
  • #3,223
  • Aug 20, 2020 4:05am Aug 20, 2020 4:05am
Quoting axecap
{quote} Not a great H4 close but everything still bearish, but maybe 139.51 first. nothing happening too quicky !!

139.18 might stop it
Its all just one persons opinion
  • #3,224
  • Aug 20, 2020 4:09am Aug 20, 2020 4:09am
the challenge for GJ now is 139.2x area if we have good 4h close above that i think we will continue to 140s again
  • #3,225
  • Aug 20, 2020 9:40am Aug 20, 2020 9:40am
i stopped lose my long with -10pips

i will wait gj to go down below 138 then i buy it

lets see
  • #3,226
  • Aug 20, 2020 10:16am Aug 20, 2020 10:16am
i shorted GJ 139.25 now and SL 140.05 TP 138 or slightly lower

i will buy after it goes down to my TP
  • #3,227
  • Aug 20, 2020 12:28pm Aug 20, 2020 12:28pm
Quoting msniper
i shorted GJ 139.25 now and SL 140.05 TP 138 or slightly lower i will buy after it goes down to my TP
I still have mixed feelings, I would like it to either break 140 or 138.50
Trade what you see, not what you think.
  • #3,228
  • Aug 20, 2020 12:35pm Aug 20, 2020 12:35pm
Quoting karmostaji
{quote} I still have mixed feelings, I would like it to either break 140 or 138.50
this long 4h candle either its a candle to hit ppl sl or the rally started lol

price closed above 4h gann thats bad for my short

if price close above 139.68 1h candle i might make early stoploss exit lets see
  • #3,229
  • Aug 20, 2020 2:13pm Aug 20, 2020 2:13pm
I'm short at 139.032 on one lot... I missed a reverse turn on 138.5x...

I'm short at 139.032 on one lot ... I missed a reverse turn ...
I hope that the maximum will be 139.8 times and then Friday's reverse will come ...

85% of the volume and 65% of traders have bought short ... the price is rising to close the SL and margin call ...
  • #3,230
  • Aug 20, 2020 2:33pm Aug 20, 2020 2:33pm
Quoting bob-dreamer
I'm short at 139.032 on one lot... I missed a reverse turn on 138.5x... I'm short at 139.032 on one lot ... I missed a reverse turn ... I hope that the maximum will be 139.8 times and then Friday's reverse will come ... 85% of the volume and 65% of traders have bought short ... the price is rising to close the SL and margin call ...
the price passed 139.65 the last resistance 140.20 which my reverse price down for me I am hedging I hope gain to all
  • #3,231
  • Aug 20, 2020 2:37pm Aug 20, 2020 2:37pm
Quoting forexer11
{quote} the price passed 139.65 the last resistance 140.20 which my reverse price down for me I am hedging I hope gain to all
congratulations and I wish you a good deal ...
  • #3,232
  • Aug 20, 2020 3:02pm Aug 20, 2020 3:02pm
i will change my SL to 140.25 and lets see if bear will win this time
  • #3,233
  • Aug 20, 2020 6:53pm Aug 20, 2020 6:53pm
Because geometry works infallibly, I reconsidered the strategy... I'm short, but I'll use headging after a short reversal...

Bull jump on 141.4x and then a deep fall down to 135.x, maybe even lower ...

It's crazy, but I won't go down with the herd right away ... I have to beat them first ...
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  • #3,234
  • Aug 21, 2020 12:58am Aug 21, 2020 12:58am
Bulls will not stop until GJ reach 144.5 and GU 1.35. Buying all the dips.
  • #3,235
  • Aug 21, 2020 1:23am Aug 21, 2020 1:23am
certainly looking bullish now, with a lot of clear air to the left. 144 anyone?
Its all just one persons opinion
  • #3,236
  • Aug 21, 2020 1:28am Aug 21, 2020 1:28am
Quoting abhilash
Bulls will not stop until GJ reach 144.5 and GU 1.35. Buying all the dips.
Yeah but I need to see it break 140 soon otherwise it might retrace to below 138 as msniper mentioned.
Trade what you see, not what you think.
  • #3,237
  • Aug 21, 2020 1:48am Aug 21, 2020 1:48am
Quoting abhilash
Bulls will not stop until GJ reach 144.5 and GU 1.35. Buying all the dips.
possible numbers but what if a deep correction happen we dont want to go long and get caught with ugly deep correction

GU can easily go down from 1.3250 now to 1.2950 thats 300pips down and then go up for new highs
  • #3,238
  • Aug 21, 2020 1:49am Aug 21, 2020 1:49am
Quoting karmostaji
{quote} Yeah but I need to see it break 140 soon otherwise it might retrace to below 138 as msniper mentioned.
i think 1h candle close below 139.70 will give power to bears

i am still short

things look ugly and bad to my short but hopefully it turns right with the news after 2 hours
  • #3,239
  • Aug 21, 2020 2:38am Aug 21, 2020 2:38am
Quoting msniper
{quote} possible numbers but what if a deep correction happen we dont want to go long and get caught with ugly deep correction GU can easily go down from 1.3250 now to 1.2950 thats 300pips down and then go up for new highs
I agree with the correction. I am not long at the current price. Already have few longs running and will add more if it retraces . Ultimately looking for 144 unless there is some big event and things change.
  • #3,240
  • Aug 21, 2020 3:27am Aug 21, 2020 3:27am
finally its dropping

it should go near 137.60 but i will exit at 138 and start building longs below it
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