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Thread: Dragon Riders GBP/JPY

  1. #81
    I shorted to ch what is left of the depreciation yesterday evening. Better late than never.

  2. #82
    Divergence, marginally lower before going long again, could see 153 back again.

  3. #83
    Quote 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

  4. #84
    Quote 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)

  5. #85
    H1 and H4 timeframes are bearish, Therefore this movement may continue

  6. #86
    Quote 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.

  7. #87
    Quote 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.

  8. #88
    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.

  9. #89

  10. #90
    Quote Originally Posted by ;
    Wow, this just can't go straight down. Price had 220 pips down from last retracement on 1hr chart. This ought to at least retrace back up to 151.05 then potential proceed to either direction.
    150.00 - 149.80 is a strong support, therefore that I also believe there'll be a retracement, but I am not sure it'll rally that high.

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