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Dragon Riders GBP/JPY

Quoting alexpi
If we see 156.1/2 today or tomorrow I will consider a short, as long as it rejects that level Add: Love this one {image}
156.6 is the 1st area im looking for a short and even that might be premature.
had to adjust for the extra 20 pip drop. would not mind seeing perhaps a triangle consolidation here or even a high base

add...if so id love to grab a short term ride out of it.
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if that green line going back to 12/6 doesnt hold price again shorts are in trouble
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Quoting alexpi
If we see 156.1/2 today or tomorrow I will consider a short, as long as it rejects that level Add: Love this one {image}
good one saved this.

price moving fast now. This one is going to nail it on the way down imo.

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Quoting Mpt
{image}
nice chart
Crazy day for PA today, gang. If you aren't in a profitable trade already I'd let the dust settle before trying to do anything.
check out my blog: forexmademillionaire dot com
Quoting Mpt
{image}
I had changed my short target recently to 144ish but you are 100% right. This recent low falls into the turning area and theres a good possibility this thing might have turned already. I guess the break of the channel is what might just confirm it. You got a possible target zone yet?
Was there any catalyst for this YEN move across the board, or just post weekend (US waking up) positioning?
Quoting socrateez
Was there any catalyst for this YEN move across the board, or just post weekend (US waking up) positioning?
the gap or the rocket up move?
Topped out at 155.70, hopefully...

GBPJPY -- MN1==SELL; W1==SELL; H1==BUY
USDJPY -- W1==SELL; M5=SELL
GBPUSD -- H1==BUY
When in doubt, HEDGE
Quoting Geppy
Crazy day for PA today, gang. If you aren't in a profitable trade already I'd let the dust settle before trying to do anything.
Was too lazy for Geppy ... just saw EUR/AUD short for 120 pips and running and decided to just sit now
Fix up, trade sharp ...
missed by 6 or so for a chance at new high :0
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Quoting raiders
{quote} the gap or the rocket up move?
the rocket move up.
Quoting socrateez
{quote} the rocket move up.
imo its a simple correction man. move was probably exaggerated by all the people caught short and closing out positions. but if you look a few pages back youll see everyone is still looking for a higher level to short from. Hell i was looking for longs in the area and the only reason i didnt get long was because of the crazy opening.
Quoting raiders
EU...maybe?? Theres a rising trendline there that I removed but its sitting very close to it much like AU Would match up with both strong AU and weak UJ to start the week. BUT....would also mean that we should all be on the lookout for stronger USD towards the middle to later half of the week if not sooner {image}
update....looking for either E to short from or a break of the pattern. good potential here for 300 plus pips. Hoping to ride it down to the rising blue line. lets see if the market agrees
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Oh, man....you deserve better....so anytime ya see .51 hold jump it for a long....
Quoting Don96
missed by 6 or so for a chance at new high :0 {image}
this looks like a mad Monday price action( ignored)both gu,gy squaring up consolidating . To me next major move is down for both .
jpy looking very weak this morning, new high, sidelines for now.
Quoting AdelPC
Topped out at 155.70, hopefully... GBPJPY -- MN1==SELL; W1==SELL; H1==BUY USDJPY -- W1==SELL; M5=SELL GBPUSD -- H1==BUY
Looking worse for shorts... The beast losing its weekly bear trend W1=SELL
GBPJPY -- MN1==SELL;
USDJPY -- Nothing
GBPUSD -- H4==BUY; H1==BUY
When in doubt, HEDGE
This is what id like to see play out. Obviously dont know if it will but if it does its what makes the most sense to me. Also could be some major pips in there if someone wants to try and bang that range out.
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