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GBP/JPY

The shot was only until 139.122 and it's still HL and LL...

Yesterday, my broker issued a trading recommendation for 150,000 traders for a bear trade ... TP 135.x, SL 141.5.

This turned the D1 candle from red to green ...

Since then, the market has gone crazy ...

I'll try to get out like green and wait ...
Attached Images
It can break an avalanche ...

What do you think? What will it do with the trend?
Quoting bob-dreamer
It can break an avalanche ... What do you think? What will it do with the trend?
ej , cj and Nj ....all are dropping now...still need an H4 close below 138.80 but i think its coming next week. BUT a break up from here sees 144, I lean towards short but im not jumping in now
its all just one persons opinion....
Quoting bob-dreamer
The shot was only until 139.122 and it's still HL and LL... Yesterday, my broker issued a trading recommendation for 150,000 traders for a bear trade ... TP 135.x, SL 141.5. This turned the D1 candle from red to green ... Since then, the market has gone crazy ... I'll try to get out like green and wait ... {image} {image}
I agree with their call to go short....
Their TP seems fine as well.
Never Ever Give Up!
Quoting msniper
finally its dropping it should go near 137.60 but i will exit at 138 and start building longs below it
Agreed, my short TP is around there too, hopefully it gets there during US session today.
Trade what you see, not what you think.
i closed my GJ short now at 138.30 with profit 95 pips

i will leave the market and maybe go long on monday or tuesday
Quoting msniper
i closed my GJ short now at 138.30 with profit 95 pips i will leave the market and maybe go long on monday or tuesday
Nice job but I don't think it's done dropping yet.. could drop another 100-200 pips I reckon.
Trade what you see, not what you think.
Quoting karmostaji
{quote} Nice job but I don't think it's done dropping yet.. could drop another 100-200 pips I reckon.
could go retest 139.10 area then drop again

but i dont want to take risk on friday

i am waiting for weekly closes and decide what will happen next week
Quoting msniper
{quote} could go retest 139.10 area then drop again but i dont want to take risk on friday i am waiting for weekly closes and decide what will happen next week
Closed for 120 pips and will short again next week, I expect price to retrace to 136.75 area and then most probably bounce back up if it holds.
Trade what you see, not what you think.
shorted here at 138.69
SL 138.93 plis spread
its all just one persons opinion....
Entered long @ 138.60. SL 138.20.
Quoting axecap
shorted here at 138.69 SL 138.93 plis spread
added to short 138.52
its all just one persons opinion....
Quoting karmostaji
{quote} Closed for 120 pips and will short again next week, I expect price to retrace to 136.75 area and then most probably bounce back up if it holds.
Hay mate. Looked at your 136.75 level, and am wondering what you are seeing. I don't have any S/R there, no Fibs. I'm trying to hone down my understanding of where prices will go. What have i missed.
Quoting abhilash
Entered long @ 138.60. SL 138.20.

Close above 139 should provide the fuel for takeoff.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 78 KB
Quoting auzzieal
{quote} Hay mate. Looked at your 136.75 level, and am wondering what you are seeing. I don't have any S/R there, no Fibs. I'm trying to hone down my understanding of where prices will go. What have i missed.
Daily 50ema.

But price has reversed nicely from the low, so it could turn bullish if it breaks yesterdays high.. I don't get married to any bias, just react quickly and grab those pips
Trade what you see, not what you think.
Tes mate, I hear you. I just closed my first 40 pipps in proffit... But now??? maybe a little lower. The daily seems to be moving in its own direction. Can I borrow some of your pills???lol
Quoting auzzieal
Tes mate, I hear you. I just closed my first 40 pipps in proffit... But now??? maybe a little lower. The daily seems to be moving in its own direction. Can I borrow some of your pills???lol
Sure, all you need are some pills and we will see daily 50ema soon
Trade what you see, not what you think.
daily R (fibo61) on 139.006, expect if passed this zone up it may visit 139.80 if not bearish
shorting here at 139.18 , resistance on H1 200sma
its all just one persons opinion....
Quoting abhilash
Entered long @ 138.60. SL 138.20.
Quoting abhilash
{quote} Close above 139 should provide the fuel for takeoff. {image}

SL moved to 138.70. TP open.
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