DislikedBecome more and more like a SELL to me....
Confirmation hasn't out yet...thou
Anway it is still early, Sent a probe!!
sonicIgnored
Probe = smal smal lot wif tight SL....
~bull and bear fighting in the pair...Heavy!!
sonic
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Daily GBP/JPY analysis 16,618 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
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DislikedBecome more and more like a SELL to me....
Confirmation hasn't out yet...thou
Anway it is still early, Sent a probe!!
sonicIgnored
QuoteDislikedA broadening formation looks confirmed today on the EUR/JPY
QuoteDislikeddaily candles. A broadening formation usually comes after a trend as
a period of increasing price volatility (higher highs & lower lows.) The pattern
usually indicates a lack of investor confidence and accelerating panic.
You can see the characteristic mega-phone appearance of the pattern in
chart #1..... This may sound like a stretch to say that there is trader
uncertainty building up in the EUR/JPY - just kidding. I suspect that
there are a lot of traders at this level not sleeping well at night wondering
if they should take some profits.
From a technical perspective, I don't think there could be a better time
to liquidate long positions and start looking for some potential shorts....
DislikedJordanpips, you might have had your retracement last week...
Clouds, you sure about that bro??
Been long from 9.25, target is 170. DP is 169.01, and SL is under that...Ignored
DislikedCheck the news for today:
I hotlinked one of their charts from the link above...'cause I'm a badass.
http://www.pfxglobal.com/images/stor...008eurjpya.pngIgnored
DislikedActually looks like we are getting that retracement right now...All I was saying was there would probabally be some difficulty passing 170.Ignored
DislikedHi all, Shyly poke my head in this thread.
Patien bro, it's coming. Short at 169.20, S/L at 169.40. Reason due to 1hr TF is forming bearish flag and broke Mouteki/demark TL at 4hr TF.Ignored
DislikedThis will be interesting. Have been long several times this pair from the dips shooting for the green circle on daily chart below...
I'm long again on an early (but unconfirmed) entry off the last bounce off M2 with SL below the figure. IMO it must eventually complete the cycle began when it first broke swing high of 69.43 on daily chart below. Support level seems to be established, but upside keeps growing... Top chart is 8hr EJ.
This may take some time, and this scenario will weaken as time goes by and other factors come into play. Would then have to re-evaluate the timing of it all. We shall see.Ignored