FX:GBPJPY   British Pound/Japanese Yen
302 25 9
SHORTED AT 161.8 LAST TRADING DAY.
WITH STOP ABOVE 192.00.
YESTERDAY D1 CLOSED 1 PIP ABOVE 191.
WORRIES ME SLIGHTLY.
ALL THE BEST TO ME AND THOSE WITH ME.
RSI OVERBOUGHT/SLIGHT DIVERGENCE FOR SOME DURATION NOW.

THUMBS UP IF YOU LIKE THIS IDEA OR WISH TO RECEIVE UPDATES ON THIS PAIR.
This one seems right but risky. Yen is very week while GBP is strong.
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Yes indeed EZ. Im in @ 191 with SL @ 192.00. give it a 100 pips range freeway. for potential 300 pips gain. I hope im right on this one.
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G/U may down so I think your plan could work
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Yes. But i have another setup for GU. Still waiting :)
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IvanLabrie PRO PriceActionTrading
I wouldn't want to short. You're seeing an H&S there?
Proportion looks off.
Any other justification for a short?
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@Ivan. I didnt short. Haha. Until the break of H&S is confirmed then i may put my money in.
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Andyle PriceActionTrading
Yay. I realized HnS yesterday. I put 1 small short position already. Maybe too aggressive i think.
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@Andy. Yes i think it is quite aggressive. But if you justified your short based off the H4 bearish 70 pips pin bar, it is justifiable. But overall D1, aggressive :) . But whatever suits you Andyle :)
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Hm, maybe this rising wedge gives you bit more confidence?
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Yes parker i have that too. Nice one. Rising wedge with RSI divergence. But GBP strength defies all logic recently.
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6/6/2015 UPDATE :
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08/06/2015 UPDATE : MARKET GAPPED DOWN. SHOWS MARKET LOADING SHORTS.
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08/06/2015 LONDON SESSION OPEN UPDATE :
BOOM!
STEP 1 : CLOSE BELOW 191.00 H4
STEP 2 : CLOSE BELOW WEDGE
STEP 3 : COLLECT PROFITS
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09/06/15 UPDATE : SOLID H4 CLOSE OUTSIDE THE WEDGE PATTERN. CLOSED SOME TO TAKE PROFIT. ADDING MORE POSITION ONCE RETEST THE 191.00 RESISTANCE LINE.
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UPDATE : ONE COULD USE THIS OPPORTUNITY NOW TO ADD MORE SELL POSITION. SELL @ RETEST. OF PREVIOUS WEDGE AND RESISTANCE LEVEL.
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manijeh.kazemi.33 PriceActionTrading
thanks
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10/6/2015 UPDATE : THE D1 SUDDEN CLOSE BACK INSIDE THE WEDGE IS WORRYING, FORMING A 180 PIPS BULLISH PIN BAR.
IT COULD BE A RETRACEMENT ON THE H4 OR IT COULD, WELL, BE A BULLISH PIN BAR D1.
KEEP STOP ABOVE 192.2 AND HOPE FOR THE BEST.
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PriceActionTrading PriceActionTrading
Retracement completed and D1 pin bar invalidated. Downwards movement is real.
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Already 200 pips and counting. Scaled in twice already. Closed half of position for a good profit.
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Possible retracement right now.
Looking to add near 78.6% @ 191.00.
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Did not hit entry limit for adding position onto this pair. But this pair looks to be tumbling now. If this tumble is fake, i will still continue to look to add position @ 191.00.
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Added position @ 190.95. With 80 PIPS SL.
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manijeh.kazemi.33 PriceActionTrading
Hi yoursl 191.90 or 191.600
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PriceActionTrading manijeh.kazemi.33
Soft SL @ 191.9. Only close out with a D1 solid close above.
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12/6/2015 UPDATE :
GOT STOPPED OUT IN FULL FOR A SMALL LOSS. LOOKS LIKE WEDGE PATTERNS PREVAILS.
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