Thread: Dragon Riders GBP/JPY

That move recover just as quickly and down could be quickly, if I am right. If I am wrong, it dump. A dump would say that UJ is moving upward in not straight and three waves up.

And, as Imagined for Several days, 151.8 was effectively a do N't pass zone

Originally Posted by ;

And, as suspected for several days, 151.8 was effectively a do not pass zone

My apologies. . .noob here. . .what do you mean?

Originally Posted by ;

quote My apologies.. .noob here. . .what do you mean?

Simply because you asked, I'll draw a chart for you over the weekend.

Originally Posted by ;

quote Closed my brief and now I am only watching

It's practically in freefall today, I hope you've shorted again.

Originally Posted by ;

quote just because you asked, I'll draw a chart for you over the weekend.

Awesome! Thanks! Sorry for the trouble!

Originally Posted by ;

quote It is practically in freefall today, I hope you have shorted again.

Regrettably I missed it! If have put in a sell stop. . .oh well. . .guess I saddle up for a buy at some point

Originally Posted by ;

quote Wonderful! Thanks! Sorry for the problem!

No worries. I will try to do within the next 24 hours or so.

Basically, if GJ isn't likely to break up and more than 153/156 into the 160's and finally the 181/5 mark, after with a break over 195 to second res approximately 212. . .then a drop beneath 150.3 leads to 148x along with the opposite numbers/distances per the best side argument follow. Whereas I thought that GU would hold around 139, it failed. According to 151.8 GJ. UJ will follow suit in a week or 18, if GJ is going down then normally.

Under 146/147 eventually back in 139. Drop below 135 takes it to 131/132 afterward 122.5 (typical monthly service until it rose to 195). Last support improbable to be 116, unless central bank ratios occur. Probably circa 101/110. Believe its gone too far. From that point, I'd anticipate a 25 ish year in place (after first ever reversal try at 156/157 in 1993 after the fantastic drop in 1988/1992), with total and complete reversal starting back to 250/270 (266 actually) first major change level just after the period of the 1985 plaza accord.

Not exactly day trading stuff but the major optimism in gambling is knowing if you're going with the trend, meaning that other moves are counter trend or corrections only. Though down is beginning to firm up that's what we have to confirm.

Wow! Thanks man! That's a lot of advice I knew nothing about! Going rescue it and to draw on those lines and examine it. I can ch the big move another time it occurs.

Great Article .

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