Thread: Dragon Riders GBP/JPY

Originally Posted by ;

We can observe a cosolidation on H1 interval and also the Daily higyhis already attained, therefore a bearish retracement may occur soon

It's already begun. I believe it may fall into 152.00 at the short term.

I shorted to ch what is left of the depreciation yesterday evening. Better late than never.

Divergence, marginally lower before going long again, could see 153 back again.

Originally Posted by ;

Divergence, marginally lower before going long again, could see 153 back again.

A shot in the dark (to confuse everyone): still going down. Maybe much later, but not now

Originally Posted by ;

quote A shot in the dark (to confuse everyone): still moving down. Maybe long much later, although not now

I agree, it will going down. I saw bearish in 4H, Daily and per week (marginally divergence)

H1 and H4 timeframes are bearish, Therefore this movement may continue

Originally Posted by ;

H1 and H4 timeframes are bearish, so this motion may continue

I concur, I think that it will fall to 150.00 next.

Originally Posted by ;

This pair drained my patience faster than my phone battery draining...

You believe that this pair is bad? Have a look. The that pair has been dropping like a rock all week so far. I had been lucky enough to manually escape from some long positions, otherwise I would have been in the red. Both CHR/JPY and the EUR/JPY happen to be dropping which is uncharacteristic of those pairings. However, these wild swings occur. You hope it's in the close of the trading day, occasionally in the event that you choose the incorrect way. At least that way you may help mitigate some losses.

Wow, this simply can't go down. Price had 220 pips down from past retracement on 1hr chart. This should at least retrace up to 151.05 then potential move to either direction.

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