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

But we'll see

I have 2 trade open short GJ
1 from 129.08 (75 pips green with 20 pip spread at the moment)
1 from 127.96 (37 pips red, from April 10 also with 20 pip spread)

And yes I know that trade from April 10 was stupid especially for not setting a SL

Not much to post, except short term trades. Posting those are pain in the ass.

But I'm sure I will end with profit.

Why?

seriously?

I read it wrong, I read short trades, not short term trades

My current wave count for GJ.

At this time, GJ might be completing part of its wave 4 of c of A (following the blue lines), or possibly completing the whole of A, as per the red line on the chart.

Either way, I would anticipate the bottom either here, or later on being at 127.3 (38.2 retracement) or at/around 126.5 ish (previous support area).

Short @ 1.2890

GBPJPY approaching top of channel.



Am still totally uncertain as to whether this is part of the reversal wave or not. Nevertheless, the Daily Gann sits at around 129.7, so am looking for a downwards bounce to maybe the 128.1 or 127.75 area. Of course, a break upwards could still happen.

Well, I guess it's a reversal wave

Are we due for a down day in geppy early in the coming week?

Hey KW

I attach weekly
You know we attack her hard from monthly open, this weeks rally clipped our trailings, but we do very nice,
Reloaded once pa got below week 2 open, we got 2 bites of cherry, pb as usual fib 23, again this weeks rally clipped trailingS,
Same again week 3 open pa below we actually went in quite heavy thinking retest was completed, But rally from Tuesday, closed us out, pa above week 3 open, was beach time, we did try scalping week 2 open, was pretty brutal, japan bs news killed us
However, she approaching our primary monthly trade zone, so as posting we have changed from scalping to scalp building our postion, we are looking to build into the green triangle zone,
We had 4 nice scalp entries prior to Fridays close, we have closed 2 to off set sl risk little bit banked, and have held the other 2 over the weekend. (unusual for us so watching weekend news and oanda closely)

Will we get retrace??, hell who knows,.
BOJ really load up, she be skyrocket, we be clipped, will stand aside if trade zone destroyed, and wait May Open, WED is April 4th 1/4 begin for us will detrmine rest of month for her, down we in, up we start planning Mays Trade Plan

As chart show if Mondays Open and retest of ascending channel holds, targets are 130 10 & 125 62 PB at fibs, especially confluence of fibs and weekly opens.

As always with geppy and swissy, intervention they be skyrockets, suggest enter, pb or whatever method you like, to off set sl risk, try keep sl unchanged, pb at targets and leave runners.
Our thought when Japan blabbermouth they will manipulate yen, they hinting that shit is to hit fan and money will flow to yen, it is all bs,

I have been get sticked for scalping her and cable, we ignore, many times our Open trade plan goes against all sanity, but as posted, we have harvest very nice pips with plan over long period, is why now when everyone scream buy buy buy, we post less, if plan says sell, we just quietly follow our rules, for us

Monday has possabilities to us succeed, gap up to Fridays high, or resist 132 32 or April s Open 132 79 or Weekly descend tl (red)
1st level is also test tl, bottom of zone and resist, then fall over this will be double top, nice place to be in, sl above, or she already in process of fall, we already in, adding as per daily open, for fail, she will drive right up to weekly descending TL red, we will be defending, right to red tl, around here mm will be critical for us, I believe is possibility she will sideways, compress into channel and boom big time either up or down,
Old rule is Sell in May Go Away

Trading chart but 4hr & zoom in 4hr

Good stuff, good analysis

Anyone with updates GJ?

Going very nicely down

heads up. careful shorting the market.

pkimnyc, for this to be a valid buy would the next move test your Blue support first, looks like an upside down head and shoulders, i would long if we test that support and fail to close below it...