tntsunrise
Long

GBPJPY finds strong support at 130.60 area

FX:GBPJPY   British Pound/Japanese Yen
8638 35 153
2 months ago
GBPJPY             finds strong support at 130.60 area

Good to buy the low

130.75 is a good place to buy -- 0.618
2 months ago
Comment:
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2 months ago
Comment:
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waterman
2 months ago
Thank you Jack for the idea .
+1 Reply
reganjohnd
2 months ago
I'm just worried that a descending triangle has clearly formed in the 4H or Day chart. The way I see it, buying power is decreasing and that support level has been tested twice already. I'm thinking it might break short on the third try.
+8 Reply
tonz_of_gunz reganjohnd
2 months ago
At least someone sees the big picture!
+4 Reply
kahliang1989
2 months ago
good idea
+1 Reply
Dguaman
2 months ago
129.50-129.60 is a better place to buy .. i think >.<
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KenWei
2 months ago
Now already 130.15
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-Andrew- PRO KenWei
2 months ago
Sell the pullback
+1 Reply
KenWei -Andrew-
2 months ago
sell the pullback? price already break the support. are you joking?
Reply
mlbo KenWei
2 months ago
guess not. andrew mentioned that it could be a new idea to now go short / open a sell-trade when price pulls back to the broken "support" (that actually was no supprt at all since price crashed right through it like nothing).
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-Andrew- PRO KenWei
2 months ago
Look at the daily chart - Still very bearish in my opinion, it broke an intermediate support - if Price retraces back to that level, and shows rejection of a broken structure - then you can decide what you can do. Until then, I would not buy until I have a bullish signal confirmation.
+1 Reply
-Andrew- PRO -Andrew-
2 months ago
GBPJPY - Fakeout of Inside Bar?
Reply
-Andrew- PRO -Andrew-
2 months ago
Read the trade plan - do not trade it blindly - Confirm any sells or buys with your own strategies
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mrforex89 -Andrew-
2 months ago
Buy the pull backs
+1 Reply
Dinkan
2 months ago
I did not see any reason to buy this pair. The price is moving in a channel and never get out of it. Just because price reached at 0.618 does not trigger a buy signal. However, a reversal is possible within a short time.
Reply
mqasim
2 months ago
it is still falling like shit
+3 Reply
KenWei mqasim
2 months ago
lol
+1 Reply
Trendhopper PRO
2 months ago
This is my view..SIMPLE CHANNEL TRADING....I may buy at bottom of channel...just a bit further to fall...but it is bearish on long term so we need to get in on the sell at some stage...

Jack is the best trader on tradingview in my opinion...

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+1 Reply
-Andrew- PRO Trendhopper
2 months ago
Agree with you there Trendhopper
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Calamity
2 months ago
it break out.....
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SawitreeAmy
2 months ago
interesting
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watsonzou26
2 months ago
when i saw gbp/aud falling like a shit, i cancelled my buy limit order for gbp/jpy. 
+2 Reply
Bart_S PRO
2 months ago
Hi I think it was a very good call, but a bit too early (I know it's eas to be smart after). Liquidity at 130 was taken and proce marked down a bit lower. As you can see, as the priced marked down a thick layer of Buy Limit orders was set in to prevent price going any lower and push the price up.

If tomorrow price tested the lows or if there is some sort of reverse candle printed on the chart (hammer, engulfing, etc.) I'll be bullish on this pair and set the Target1 @132 and Target2 @133.

Reply
Bart_S PRO Bart_S
2 months ago
http://www.screencast.com/t/Gcq7jSTm
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Bart_S PRO Bart_S
2 months ago
I'm in the trade just below @130. Target set for 131.
so let's see.
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Bart_S PRO Bart_S
2 months ago
Target was hit in the morning. 100 pips in the pocket. ;-)
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Bart_S PRO Bart_S
2 months ago
132 was taken as well.
Good trading!
Reply
broomop
2 months ago
papapa
+1 Reply
cowboy
2 months ago
hi jack,i think 132.10 is a critical level here.
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ForexEZ
2 months ago
You were on point!!!! Thanks!
Reply
Calamity
2 months ago
it looks like the pull back and will fall again
+1 Reply
Calamity
2 months ago
i mean it looks like a flag, and the falling distance maybe the same as the previous bar of this flag?
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FKHo PRO
2 months ago
I'm in after Bat D retest, thanks Jack.
Reply
Apple22
2 months ago
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I think as much as the price found some base arround 131-130.70+/- zone how ever with london open coming up in an hour breaking this not so string support will be easy .
Will see. I am short on this pair to 129.90
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BharathSto
2 months ago
snapshot
MY IDEA
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robnab
2 months ago
Very nice profit, thank you Jack.
Reply
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