Dragon Riders GBP/JPY

Quoting raiders

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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...

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Quoting Big Bruv

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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.

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Quoting raiders

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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 {image} {image} {image}

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Quoting TheBody

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I think it can break 170.500 today.

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Quoting raiders

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{quote} looks like a little bear flag on the 15m inside of the larger pattern. thinking i will short it down to the bottom trendline if it breaks south. do not think the larger pattern breaks without 1 more move up but lets see {image}

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Quoting Gbp/jpy

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Howa 'bout that 7:42.......eating their lunch, I swear

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