Dragon Riders GBP/JPY

I only know if price go down , ease droop , if price go up will be in kumo and difficult to trade.

Long from that break above 167.70.

That level is the 30 M .......sma 333.

If we make a lower low on the 15 min then that is my signal to close out on shorts. This does not mean i'm going long just an opportunity to take a break and re-assess - which i'll do at the end of the month.

We are struggling to break the 38 fib (long term upswing)so lets see how many buyers are here or sellers.

Next two weeks will be interesting, also in terms of fundamentals.

maybe some sell at around 168.900

All night long .. all night ... 167.262
told already , this level

long until 185 (6-9 months)

fundamental changes.
new short-term bias:

GBP > EUR
GBP > JPY

GBP ? USD

TGIF

+175

Good man, yes. Buy dips as the bottom has been reached after this correction. On the monthly chart the retrace does not look abnormal. Fundamentally, the BOJ is determined to reach 2% inflation which means more QE and weakening of the Yen to come. Technically, price stalled its descent at the support established in Feb, 2014.185 as you mention is just the beginning of where it will eventually be. I see 208 in 6 months or less. I will hold my positions for many months and buy every substantial dip until then.

Oser...Good call on that bounce.

Took a small loss on my GJ short yesterday. Prob should have sat on my hands. Still not long though...See more risk off and still see rips as short opportunities

AU looking like its finally done running. Perhaps it was short covering? Who knows...All I know is its finally moving in my direction. Looking to see the price action at 696 and 694 if it gets down there before making another decision

Have a good weekend everyone Lets hope next week is as good as the past 3



BTW..only 2 touches on both top and bottom, so not confirmed, but GJ looks like it might be carving out a bear flag on the 4h

Getting weekend work out of the way and posting a few charts in hopes of feedback and different ideas....so please dont be shy and reply


Anyways, AU 4H chart.

Rejection off of the 381 fib from the recent drown that broke out of the longer term consolidation.
Purple channel is bear flag
Blue lines are what interest me the most though. Thats the potential expanding diagonal ive been watching for the past couple days. If it truly is an expanding diagonal then the fall from these levels should be deep.

Either way, both bearish patterns so lets see how it goes...

GJ 1H chart.

Breaking this down to two separate charts of the same time frame, just different sections of the chart to illustrate what im seeing

1st chart is the fall from the top, lets call it 195-180 (1) then the pull back to 188ish between the 50 and 618 fibs (2) and the fast fall to 164ish (3) which can be seen in the 2nd chart.

Now in the 2nd chart we have a corrective move up in a potential bear flag (4)

Long story short.....looking for 5
Edit....should have said looking for a short out of that bear flag for 5

Hm, what has really changed in your view?

draghi + BoJ
USD strength.

china worries fade away slowly...

Draghi was pretty much expected I guess. Just the question what will be delivered in march. USD strength is an old song

The labor news in the us may stop any more rate hikes.... in the states...... I'm thinking itsa goin downhill for the last time

The 168.70-168.75 area will be good for a quick 25-30 pip move back up

Still holding this bulls ride
i'm gonna lock my profit soon after the market opened

Oppsss its the same screenshot, pardon me... hehehe

Morning
Today high target is 7123