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mmafxbook (mmafxbook)
Apr 12 2016 at 14:58
165 posts
Hello traders,following the massive selloff GBPJPY last week and the 4 hr time frame technical set-up yesterday-Monday,we are due for a corrective move up perhaps upto 158.23 level or less.However,the rate decision today and the CPI and core CPI positive news further support the corrective rally.I think we should watch out now again for good buy set-up to target 155.82 and 156.19 possibly God-willing.

to turn humble investments into huge fortune with minimal risk ...
Mehh
Apr 13 2016 at 06:19
4 posts

Hi , I agree that the goal of about 158.7 , and the need to get a sell signal from a week chart to continue falling

mmafxbook (mmafxbook)
Apr 14 2016 at 06:28
165 posts
Hello traders.With about nine 4 hr candles inability to close above the 155.555 level higher time frame Fib extension of GBPJPY,I believe the corrective move is over and the initial down trend resumed.We should target(testing it) last daily time frame swing low at 151.634 level and possibly go lower down to 149.78 if we see the correct continuation set-up<God-willing.We need to close all our long trades on GBPJPY in my opinion.The long term target for those who can hold on should be 130.666 level,God-willing.

Happy shorting.

to turn humble investments into huge fortune with minimal risk ...
Mehh
Apr 16 2016 at 18:33
4 posts
hi, I fully agree, the goal in this reach of 151.6

arigoldman (arigoldman)
Apr 17 2016 at 19:35
907 posts
Staying out for the moment.

mnierop (mnierop)
Apr 18 2016 at 06:11
11 posts
My long term target is 147.00, which is 61.8 fib of Jan 2012 to Jun 2015 swing high. With April heading for an engulfing bearish candle, this does not seem so out of the ordinary at the moment, but requires some patience though.

Currently I am already 650 pips up in this trade, entered short March 31. Stop moved to 156.90 which is a few pips above the 50% fib, which is also above a strong s/r area at about 156.00

They say, you learn from your mistakes.. so I hope to make a lot of them!.
Mehh
Apr 18 2016 at 06:26
4 posts
Mehh
Apr 18 2016 at 06:28
4 posts
mnierop (mnierop)
Apr 19 2016 at 13:42
11 posts
Whoops, GBPJPY is stopped out at +424 pips profit, seems to have reversed it's trend, if the break above 157 holds it will be time to think long again

They say, you learn from your mistakes.. so I hope to make a lot of them!.
arigoldman (arigoldman)
Apr 20 2016 at 13:53
907 posts
Out for now, waiting to enter long.

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