Thread: Dragon Riders GBP/JPY

Originally Posted by ;

quote Perhaps you should go back before 2017. Maybe go back, just for hell of it, say 20 years. In all honestly, should the current level not at next open, then 151.8 is back. If it does hold, then it either breaks 153.8, also it drops back to 151.8 after another collapse at or about 153.8. Failure below 150.2/3 suggests a wave 2 correction that starts a new downtrend.

It was just an observation based on the daily charts. No need to get snippy. Some people today want to trade term, but should you exchange short term that is fine and me indiing to watch out for a point of service or resistance isn't a terrible thing. I didn't say do not trade, I mentioned keep warning for all those amounts because they are established points of SR..

Take it how you like it, it was just an observation.

Great Luck

- Ric

Originally Posted by ;

quote It was just an observation based on the daily charts. No need to get snippy. If you trade but maybe some people want to trade term and me indiing to look out for a clear point of support or resistance is not a terrible thing. I didn't say do not trade, I mentioned keep warning for all those amounts because they're established points of SR.. Take it the way you like it, it was just an observation. Good Luck - Ric

No aggression or criticism intended in the slightest. Just stating the facts as they seem. And, you're right that 154 ish is a huge deal (although I'd concerns about 153.5/6 earlier. In any event, over 154 or thus opens to something - but failure there remains possible. Having said this data /amounts are legitimate and must be taken into account, however very few men and women appear to be aware of previous month, what happened before this past calendar year, or sometimes. Whatever the case, sorry I upset you - but most importantly - Have a good weekend.

Originally Posted by ;

quote No aggression or criticism intended in the slightest. Just stating the truth as they appear. And, you are right that 154 ish is a big deal (though I had concerns about 153.5/6 earlier. In any case, over 154 approximately opens into something potentially big - but failure there remains possible. Having said that data /levels are valid and should be taken into account, yet few men and women seem to be aware of what happened before last year, or in some cases, last month. Whatever the case, sorry I upset you but most importantly - Have a good weekend....

No difficulty at all my friend. You did not upset me whatsoever. I was only hoping to help Dragon Riders out.

Have a great weekend

-Ric

Might be out of fibo 200 into fibo 200 of Controll candle.

In my opinion it is rallying toward 153.84 again. We might see it kind a top.

Now's U.S session activity on Hourly chart. 8am to 12pm

Originally Posted by ;

Now's U.S session activity on Hourly chart. 8am to 12pm picture

I think we might have a small pullback and then sky rocket over 154.

Originally Posted by ;

quote I believe we might have a little pullback and then sky rocket over 154.

Perhaps retrace towards 153.150 and farther down to 152.500 if no bounce

It did form a double top around 153.80 and I believe we will see it depreciate before the end of the week.

Originally Posted by ;

It did form a double top around 153.80 and I believe we will see it depreciate before the close of the week.

Looking at 152.900 area