I would be careful of longs on any GBP until the Scottish referendum is over
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DislikedMy view of the EUR/JPY...One of possible scenarios ...{image} {image} {image}
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DislikedEURJPY: Sonicers, this is one to watch, I think. On your M15 chart you can see the recent numbers of times price has been taken below the whole number. Starting this week off, the Asian MMs promptly had it back below the whole number. Now it looks like the pivot area below the 1/4 level is being used to consolidate (more building)...... {image}Ignored
Disliked{quote} EURJPY: This is still one to watch. Now the PA wave is much better. And Dragon angled up again. So is Trend now starting up. And Dragon maybe soon to cross up thru Trend. Bullish signs exist and additional bullish signs seem close at hand. US open might involve a pullback towards/into Dragon for nice Classic long entry.{image}
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Disliked{quote} GBPJPY: I think loeil would say there are now signs of bulls in the background. PA says the MMs are bears still. But, are they now bears devoted to creating liquidity to become bulls? Wait for a long setup? Pick a Scout entry long before a Classic setup? If you are already long and in the red, then add at some lows? Grit your teeth and hold on? Bail out and just wait? These are questions each trader must ask and find their own answers to them based on their account situation. No one else can do that for them. -tah {image}Ignored
Disliked{quote} Seems EURJPY bullish. Wait for a retracement, close shorts, and trade long. My humble opinion.Ignored