Dragon Riders GBP/JPY

Quoting eatthis

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{quote} How do apply BB and rsi at once, and what does it tell you?

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Quoting MrPresident

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{quote} it means "free money" it requires to look at major daily levels and then judge whether the pair is oversold or overbought i only trade off the daily chart with stops placed well above or below the major levels the lower level time frames is just noise and nothing significant to consider

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Quoting FX-Petra

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I took a 1/2 position short yesterday after the news @ 147.40. RSI and Stochs (daily) were just too high (seemingly) for a big push upward. I will add another 1/2 position on a bounce up above 147.50, which may well happen in the next day or two. Also, would add another 1/2 today if Daily RSI closes below 62. That could indicate that a full retrace is on, at least back to the 38.2% fib level of this most recent move. As always, these are just my thoughts. Anything could happen. Trade accordingly.

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Quoting FX-Petra

Disliked

I took a 1/2 position short yesterday after the news @ 147.40. RSI and Stochs (daily) were just too high (seemingly) for a big push upward. I will add another 1/2 position on a bounce up above 147.50, which may well happen in the next day or two. Also, would add another 1/2 today if Daily RSI closes below 62. That could indicate that a full retrace is on, at least back to the 38.2% fib level of this most recent move. As always, these are just my thoughts. Anything could happen. Trade accordingly.

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Quoting Fxjohn78

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Next week going up {image}

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Quoting swamp donkey

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{quote} Maybe more bad economic news next week to push down to 61.8 level of move up- before continuation. We'll see...☺ {image}

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Quoting swamp donkey

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Lol...

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Quoting MrPresident

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short to the 20-day moving average {image}

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