HiTech
Short

GBPJPY NO SIGNS OF STRENGTH

FX:GBPJPY   British Pound/Japanese Yen
430 18 4
Downtrend trendline bounce followed by a lower low as well as channel breakout pointing of the very week GBP against the JPY.
jangseohee
2 years ago
you nailed it, champion :-)
snapshot
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HiTech PRO jangseohee
2 years ago
thanks :) Now unclear whether continue down or correct up.
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jangseohee HiTech
2 years ago
sitting at the support, small gyration waiting for BOJ :-)
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HiTech PRO jangseohee
2 years ago
eurjpy and chfjpy are confirmed to be down, so gbjpy could follow
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HiTech PRO
2 years ago
got the eurjpy
EURJPY LONG TERM TRENDLINE BOUNCE
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jangseohee HiTech
2 years ago
yes 125
snapshot
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BoonOng jangseohee
2 years ago
That's a significant break through. =)
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Realisto_FX PRO
2 years ago
I concur with the strategy, much more downtrend on the cards
Short GBPJPY
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HiTech PRO Realisto_FX
2 years ago
what you see as a target?
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Realisto_FX PRO HiTech
2 years ago
it´s open while price is below the cloud. I usually don´t set an specific target, but instead moving the stop to lock in profits . However if it breaks 200DMA probably we will see a re-test of 176.5 demand zone, consolidation and 170 next
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HiTech PRO Realisto_FX
2 years ago
you are looking quite far ahead.. not something I am doing :)
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Realisto_FX PRO HiTech
2 years ago
Yep, I manage an institutional fund, so approach is different :-)
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HiTech PRO Realisto_FX
2 years ago
you must be paying a lot of attention to fundamentals?
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Realisto_FX PRO HiTech
2 years ago
Not necessarily for every trade, fundamentals are already inherent in the technical trend. And sometimes technical factors warn of a fundamental mean reversion. But if you combine both, you will excel :-)
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HiTech PRO Realisto_FX
2 years ago
I have the same view on this :)
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jangseohee Realisto_FX
2 years ago
looks like a Triangle
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HiTech PRO jangseohee
2 years ago
gbpjpy or eurjpy, mind sharing screenshot?
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t.lemos.silva
2 years ago
Sorry for my English I used the translator, I found different the way you draw the fibo ... what criteria you use to draw?
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