GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

Quoting smurfs

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you reckon so ? we got burned last 4 times ?

if i may ask -if you entered long here , where would you cut the loss ?

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Quoting pkimnyc

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No worries bro.

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Quoting smurfs

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euro is on its way to 1.4385 - scalping shorts might work - untested ress -1hr chart

or long @ 1.4284 if we spike now lower for a quick move upwards

i like both levels- but i hold longs and hedge inbetween at ress -

1.4385 is kinda strong but only on 1hr chart - 50 pip drop or so ? maybe more-dont know- maybe nothing at all -lol

but remmeber 1.4284 for the future --if we bounce heavy from 14385 then max would be 14285 - thats how i see it -14284 still stand untest - its makred

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Quoting pkimnyc

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1.433 needs to clear. If it does then I think she flies much higher than 1.4385. If rejects, get ready to short.

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Quoting smurfs

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yup- i see it - i think better option during US session is looking for intraday sell's - just dont think we will break 14330/50/80 levels 2day

but this is only intraday during US & asian session-

2morrow it will looks differant and see other probabilities

(borad. top on chart is only imaginary) not there yet

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Quoting pkimnyc

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here we go. We are breaking. Break or reject...

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Quoting smurfs

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but look here--- its the 4hr chart,

i see a bladdy triangle here , as you see all legs in ABC mode up and down in first 2 legs - then your 14330 will play a role here as wave A ,then we should go down now ,then up for wave C end of wave 2 that will take us to 1.4385 ( also 78.6 fib)

this is going to be a bearish triangle if it turn out to be one --eish !

now this will flip me over to bears @ 14385 if we going to hit it-

nice R/R

if fail - we will look for the next setup

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Quoting pkimnyc

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I see what you r looking at. This is where macd comes into play. I will explain later when I get home. Left my tools at home...

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Quoting PandoraBox

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Bro, are you drunk ?

This pair can do anything within 48h.

2003 after London open, GJ spike nearly 1000 pips within 1h due to BOE rise rate.

2007 - GJ drop 1000 pips from 240, 1h after London open after BOE annouce rate cut.

2009 - During NY lunch time, GJ drop from 144 to 132. Due to stupid trader click sell button for 5 Million contract.

100 pips is nothing for GJ.

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Quoting iqyu5an

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==

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Quoting smurfs

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im not confidance that this is a bottom- break of daily TL will convince me that the low is in place just above 128.00 ( weired we didnt go as low as 128.05)

until then i do see this as the start of a reversal H&S pattern and this is the left shoulder - so in this case upto 130.50 +- and if that ress fail to keep as above and we drop down,then i see right bang to 125.76

still about 2 to 4 weeks to complete

if we get a weekly close above 130.50 and it looks promising for supports to hold - i will prob jump on -

that falling...

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Quoting pkimnyc

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both geppy and euro hit the target. nice trade.

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Quoting smurfs

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oh you went silent with your GJ longs ?

what is your MCD telling you ? triangle or not on E/U ?

all MA is poised to the upside - i make ready for a stop/reverse entry @ 1.4400 -back in my old longs from last last -

it triangle plays out- then long and HOLD @ 1.4150's

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Quoting pkimnyc

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Been on the long side since Monday.
Will take a look at macd when I get home.

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Quoting Piters

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WUT?? no portable MACD ???

shame..

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Quoting pkimnyc

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Let me know if you find one on android phone.

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Quoting pkimnyc

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Let me know if you find one on android phone.

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