Mar 02 2016 at 07:38
dianajs posted:already closed yet?
I agree, it will probably reach 159.00.
Lose Small and Win Big
Rocketbunny posted:dianajs posted:already closed yet?
I agree, it will probably reach 159.00.
Yes, I closed it and I'm wondering whether I should open shorts.
Mar 06 2016 at 08:10
dianajs posted:Lol. Monday will be short for temporary(pullback)Rocketbunny posted:dianajs posted:already closed yet?
I agree, it will probably reach 159.00.
Yes, I closed it and I'm wondering whether I should open shorts.
Lose Small and Win Big
Rocketbunny posted:dianajs posted:Lol. Monday will be short for temporary(pullback)Rocketbunny posted:dianajs posted:already closed yet?
I agree, it will probably reach 159.00.
Yes, I closed it and I'm wondering whether I should open shorts.
Most likely, yes, there should be a pullback. The overall movement is quite bullish though.
Mar 08 2016 at 06:14
The 159.80 could be support for the GBPJPY, to the upside, the 166.12 could act as resistance.
Mar 08 2016 at 08:23
I see GBPJPY has resumed the uptrend from the price-level 160.495 to aim 164.78 and possibly pullback again before resuming the uptrend once more till 166.35 God-willing.
Happy trading.
Happy trading.
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Mar 08 2016 at 11:15
There is a doji candlestick on the daily time-frame, so it's possible it will start falling again.
Mar 08 2016 at 15:05
mlawson71 posted:
There is a doji candlestick on the daily time-frame, so it's possible it will start falling again.
Let' short
Lose Small and Win Big
Shorting is a good idea, especially if it breaks below 160.00.
Mar 09 2016 at 09:19
Still depreciated.
Positivity
Mar 11 2016 at 09:33
So much about shorting, the pair is rising again and next target is around 165, I think.
Mar 12 2016 at 15:37
True,GBPJPY is a very interesting pair.I expect it go to 165.36 level but probably stall at 164.75 area for some profit taking,God-willing.
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There is a significant level of resistance at 164.00, so there might be some retracement next week.
Mar 17 2016 at 12:45
Hello traders,I see that GBPJPY is unwilling to go up any more.It has broken two major downward trend lines and also closed below that last week higher time frame low.It is time to sell now with very low risk SL at 161.20 and first TP at 158.30 and 156.73 God-willing and possible retracing before falling further down.
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Mar 17 2016 at 19:15
There is a 4H reversal candle at the 4 H time frame after my thoughts above.The SL above was also triggered.I guess we should wait for confirmation for possible resumption of the uptrend in my view.
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Mar 18 2016 at 08:20
It seems we should rather expect to short after a strong close below the last daily candle low.Even a 1 hour candle strong close should be a good signal in my view,God-willing.Watch out.
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Mar 18 2016 at 08:51
Staying out for now.
Positivity
Mar 18 2016 at 14:53
An Goldman-staying out is a wise choice.However,since yesterday's high has been tested and with the recent 4 hour candle close below that daily high,we have a low risk entry for a sell in my view.Let us see how it goes,God-willing as I am shorting anyway.
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mmafxbook posted:
An Goldman-staying out is a wise choice.However,since yesterday's high has been tested and with the recent 4 hour candle close below that daily high,we have a low risk entry for a sell in my view.Let us see how it goes,God-willing as I am shorting anyway.
The signal on the four-hour time frame is for sell, but the daily signal is for buy. I don't know, those are very conflicting signals.
Mar 21 2016 at 19:21
The signal on the four-hour time frame is for sell, but the daily signal is for buy. I don't know, those are very conflicting signals.
Dear Dianajs,that is typical of multi-time frame analysis.The daily signal can only be buy where we to have a strong close(preferably a high time frame such as 4H above the previous day's daily candle high.Moreover,the initial uptrend has broken two uptrend lines under 4H time frame with a close below the previous week's low.Then the rallies did not take out the most recent 4 H high(as at last week and till date,I mean).Finally note that just concluded uptrend halted right after touching the last low that brought the price down to 154.70 level.Also watch candle stick patterns at the end of the just concluded uptrend and this at a daily time frame resistance level.And this is my view and God knows best.
I believe that we are set for a potential 3000 pips drop in the price of GBPJPY. Conservative traders may wait till we break the 154.70 low level on daily time-frame,confirm the push down and then ride it down to 130.317 in my view,God-willing.
Dear Dianajs,that is typical of multi-time frame analysis.The daily signal can only be buy where we to have a strong close(preferably a high time frame such as 4H above the previous day's daily candle high.Moreover,the initial uptrend has broken two uptrend lines under 4H time frame with a close below the previous week's low.Then the rallies did not take out the most recent 4 H high(as at last week and till date,I mean).Finally note that just concluded uptrend halted right after touching the last low that brought the price down to 154.70 level.Also watch candle stick patterns at the end of the just concluded uptrend and this at a daily time frame resistance level.And this is my view and God knows best.
I believe that we are set for a potential 3000 pips drop in the price of GBPJPY. Conservative traders may wait till we break the 154.70 low level on daily time-frame,confirm the push down and then ride it down to 130.317 in my view,God-willing.
to turn humble investments into huge fortune with minimal risk ...
