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Dragon Riders GBP/JPY

  • #16,741
  • Edited 12:35pm Apr 27, 2016 12:24pm | Edited 12:35pm
Memories of the rise from 119.6. Two rounded bottoms. Target 167x but never again below 163
Again, below 160 negates my rambling /hogwash
  • #16,742
  • Apr 27, 2016 12:47pm Apr 27, 2016 12:47pm
Quoting Mpt
Memories of the rise from 119.6. Two rounded bottoms. Target 167x but never again below 163 Again, below 160 negates my rambling /hogwash
I also think that is where we are headed unless FOMC raise rate then we are screwed. If so GU down and also GJ down.

But keep in mine they broke a down trend line on H4 so far they still haven't retested that. Sometimes its a home run sometimes they also like to retest it before going further. So far so good for longs at this moment though. But I don't think 163.277 is hard to touch at this moment as long as they keep it up here.
  • #16,743
  • Apr 27, 2016 12:51pm Apr 27, 2016 12:51pm
Quoting maflip
{quote} I also think that is where we are headed unless FOMC raise rate then we are screwed. If so GU down and also GJ down.
with very few exceptions, news usually goes with the trend
  • #16,744
  • Apr 27, 2016 1:02pm Apr 27, 2016 1:02pm
Quoting Mpt
{quote} with very few exceptions, news usually goes with the trend
The initial spike usually goes with the trend. GU down right now at the release though... If they can hold it here then we are clear.
  • #16,745
  • Edited 1:59pm Apr 27, 2016 1:46pm | Edited 1:59pm
GU looks like its some kind of wave iv correction to me
EU looks like its possibly in a falling wedge already departed 4 and looking for 5 down below to finish it. Although this current 15min candle on both pairs is kinda trippin

UJ looks likes its possibly already in wave 5....my target on that is 112.2/3ish maybe a little more before a larger pullback and then more up

just my thoughts....

Edit...Perhaps UJ is still in wave 4 correcting.
  • #16,746
  • Apr 27, 2016 5:03pm Apr 27, 2016 5:03pm
man o man, she's got me goin batty---I tell ya ... this slow price action....

I think of the currency pairs as if they were bold women.....you too?... well lately here, This pair is such a "SAUCY FLIRT ! "....ya?.....huh/....
  • #16,747
  • Apr 27, 2016 8:14pm Apr 27, 2016 8:14pm
this pair has me in a daze , sidelines on it as have no idea what it's trying to do. I mentioned 162.5 but no idea if this will become support for a further move up or ceiling. Next few days should make it more clearer.
  • #16,748
  • Edited 9:37pm Apr 27, 2016 8:46pm | Edited 9:37pm
333 sma leading the way for us ...15M chart....OH, she's a saucy flirt...yeoowww

163.39 is a sell for the elliotteers out there....end of major wave 5....wave 1 started down at 152.55 or so....higher with volatility 163.83
  • #16,749
  • Edited 10:10pm Apr 27, 2016 9:32pm | Edited 10:10pm
Quoting raiders
{quote} long or short?
....hey there....a reverse....outside of the recent pa..........



158.18....gee 400 pip drop that quick.....saucy flirt....
  • #16,750
  • Apr 27, 2016 9:45pm Apr 27, 2016 9:45pm
BoJ are about to announce further stimulus today... Am I right?
Follow me at andrewfx2020 (dot) com
  • #16,751
  • Apr 27, 2016 10:04pm Apr 27, 2016 10:04pm
There you go...400 pips down
  • #16,752
  • Apr 27, 2016 10:04pm Apr 27, 2016 10:04pm
Down 400 pips in a flash. Fun right?
  • #16,753
  • Edited 10:18pm Apr 27, 2016 10:06pm | Edited 10:18pm
Quoting FX-Ray
{quote} 110.64 barely printed (3pips delta) + rejected. 111.35/30 still resistance, with a break next upside is 111.88/80. Next short target is 110 in case of sell-off. Add: Intra-day support 110.85
there we go, spike, sell-off and continuation, congrats to those which were prepared, good night
  • #16,754
  • Apr 27, 2016 10:15pm Apr 27, 2016 10:15pm
so....146?
  • #16,755
  • Apr 27, 2016 10:18pm Apr 27, 2016 10:18pm
And we thought the Japanese are disciplined. Heck they even can't announce the statement on time announced it almost an hour early.
  • #16,756
  • Apr 27, 2016 10:21pm Apr 27, 2016 10:21pm
Quoting alexpi
{quote} With the most recent announcement by the Abe advisor it sounds as if they could backtrack on their communication from the past month and postpone any big decisions. Now I have no idea how to trade GJ for now, just gonna wait another week probably...
Feels good to be right Too bad that it was un-tradable for me
  • #16,757
  • Apr 27, 2016 10:22pm Apr 27, 2016 10:22pm
Quoting maflip
And we thought the Japanese are disciplined. Heck they even can't announce the statement on time announced it almost an hour early.
nah man they are right on time. check the major announcements usually come out between 230-330 gmt

I had a buy order out there but didnt expect them not to ease after seeing the data earlier....sneaky sneaky
  • #16,758
  • Apr 27, 2016 10:24pm Apr 27, 2016 10:24pm
anyways...selling rips accross the board
  • #16,759
  • Apr 27, 2016 10:29pm Apr 27, 2016 10:29pm
PA around 157.4/5 and 156.6/8 will be key for further down moves

For now short from 159 and aiming at 157.6
  • #16,760
  • Apr 27, 2016 10:40pm Apr 27, 2016 10:40pm
Quoting raiders
{quote} nah man they are right on time. check the major announcements usually come out between 230-330 gmt I had a buy order out there but didnt expect them not to ease after seeing the data earlier....sneaky sneaky
Oh so Forex Factory scheduled it wrong?
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