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GBP/JPY

  • #3,281
  • Aug 31, 2020 10:31am Aug 31, 2020 10:31am
Quoting msniper
i dont believe in big moves before thursday or friday so this rise to 142 i think its fake and GJ should start retracing down
yes you are correct there has already been a retracement from the levels of 142
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  • #3,282
  • Aug 31, 2020 10:32am Aug 31, 2020 10:32am
Quoting bob-dreamer
Any opinion on a trend reversal? Are you still waiting for 144.5? Isn't it time for a decline after two months? According to D1, it looks like a decline ... And according to the peak, too ...
It will never touch the 144 levels in the short term scenario.
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  • #3,283
  • Aug 31, 2020 12:03pm Aug 31, 2020 12:03pm
Quoting msniper
i dont believe in big moves before thursday or friday so this rise to 142 i think its fake and GJ should start retracing down
I think 144 is on the card for this week, I have a long position from 140.90 which I entered this morning.
Trade what you see, not what you think.
  • #3,284
  • Aug 31, 2020 12:03pm Aug 31, 2020 12:03pm
Quoting EuroScalper
{quote} It will never touch the 144 levels in the short term scenario.
Never say 'never'
Trade what you see, not what you think.
  • #3,285
  • Aug 31, 2020 3:12pm Aug 31, 2020 3:12pm
GJ will target 147 to 150 for short to midterm but i dont want to long here i want a retracement a good decent retracement to make sure drawdown is less
  • #3,286
  • Aug 31, 2020 10:11pm Aug 31, 2020 10:11pm
Quoting msniper
GJ will target 147 to 150 for short to midterm but i dont want to long here i want a retracement a good decent retracement to make sure drawdown is less
please remind us when good entry
  • #3,287
  • Sep 1, 2020 6:10am Sep 1, 2020 6:10am
Quoting msniper
GJ will target 147 to 150 for short to midterm but i dont want to long here i want a retracement a good decent retracement to make sure drawdown is less
We shall get a proper retracement after reaching 144 area IMO
Trade what you see, not what you think.
  • #3,288
  • Sep 1, 2020 7:27am Sep 1, 2020 7:27am
Quoting karmostaji
{quote} We shall get a proper retracement after reaching 144 area IMO
we are at the top of the rising channel now 142.70 also we have bearish divergence on 1h chart

so maybe it reject the price also 200pips then i can go long
  • #3,289
  • Sep 1, 2020 9:08am Sep 1, 2020 9:08am
Quoting abhilash
{quote} Was out the whole day, just got home. Trailing Stop was hit. Nonetheless 190 pips is not bad. The trend is still up. Just took a fresh long @ 140.15. SL 139.90

Quoting abhilash
{quote} SL moved to 141 . TP open. HH and HL continues.
Quoting abhilash
Bulls will not stop until GJ reach 144.5 and GU 1.35. Buying all the dips.

GJ position SL moved to 141.50. Currently up 200+ pips. Still looking for 144.50 target.

Closed GU longs @1.3440.
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  • #3,290
  • Sep 1, 2020 9:30am Sep 1, 2020 9:30am
Quoting abhilash
{quote} {quote} {quote} GJ position SL moved to 141.50. Currently up 200+ pips. Still looking for 144.50 target. Closed GU longs @1.3440. {image}
Nice work Abhilash

Agree, bullish move shall continue until 144 area
Trade what you see, not what you think.
  • #3,291
  • Sep 1, 2020 10:20pm Sep 1, 2020 10:20pm
Quoting msniper
{quote} we are at the top of the rising channel now 142.70 also we have bearish divergence on 1h chart so maybe it reject the price also 200pips then i can go long
Structure is still bullish, as long as price doesn't break below 141.30, it shall continue going up.
Trade what you see, not what you think.
  • #3,292
  • Sep 2, 2020 3:25am Sep 2, 2020 3:25am
strong bounce from ur number now

i am confused i see bearish cup and handle targeting 140.70 and i see ur point with up trend support loool
  • #3,293
  • Sep 2, 2020 3:48am Sep 2, 2020 3:48am
Quoting msniper
strong bounce from ur number now i am confused i see bearish cup and handle targeting 140.70 and i see ur point with up trend support loool
Yeah.. something is going to give way.

Either a big bounce up from here to new highs or break and we go to 140s...
Trade what you see, not what you think.
  • #3,294
  • Sep 2, 2020 4:43am Sep 2, 2020 4:43am
i went short at 141.70 with very tight SL at 141.90 and TP 140.7x

if 1h close above 142 then it means no more down and we will rally again to 144 i guess

so lets see
  • #3,295
  • Sep 2, 2020 5:02am Sep 2, 2020 5:02am
Quoting msniper
i went short at 141.70 with very tight SL at 141.90 and TP 140.7x if 1h close above 142 then it means no more down and we will rally again to 144 i guess so lets see
i stopped loss now at 141.80 with -10 pips

i think its going up
  • #3,296
  • Sep 2, 2020 5:09am Sep 2, 2020 5:09am
Quoting msniper
i went short at 141.70 with very tight SL at 141.90 and TP 140.7x if 1h close above 142 then it means no more down and we will rally again to 144 i guess so lets see
I would like to see 142.00 area break and then 144 here we come
Trade what you see, not what you think.
  • #3,297
  • Sep 2, 2020 5:18am Sep 2, 2020 5:18am
there is h&s pattern on 5mins frame targeting 142.2x area lets see
  • #3,298
  • Sep 2, 2020 6:24am Sep 2, 2020 6:24am
So to be sure, we are looking at 144.50ish, being the resistance on the recent daily, and the weekly trendline? I just am puzzled as to how you picked the move down, when things were heading up, on most time frames. But am in a TP of 144ish though.. Just have to get off of this floor before this elevator goes to the next floor.
  • #3,299
  • Sep 2, 2020 6:29am Sep 2, 2020 6:29am
My 2 cents.... you look at the monthly, which is still bulls, there is no reason why we can't see 148.60 in the future...
  • #3,300
  • Sep 2, 2020 7:16am Sep 2, 2020 7:16am
Quoting auzzieal
My 2 cents.... you look at the monthly, which is still bulls, there is no reason why we can't see 148.60 in the future...
yah me too i am targeting 147 to 150 on midterm
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