We have been expecting the GBP/JPY to drop to 14800 for about 3 months. At the moment we have witnessed a pull back in the long term trend which gives us a great opportunity to add further positions. There is strong resistance at 15800 so the stop loss just above this is a good place. I am hoping the 9:30am Manufacturing figure will give the GBP an opportunity to...
My favourite pair! The graph pretty much explains itself. Will be waiting for a confirmation before going in.
MY Idea BOJ Affects to move down a lot. I think it is going to 4th Wave (or A) I stil waiting for signal to trade. It is too risk to trade now.
Yearly chart still indicate downtick that will in effect continue to set downtrend for most of the year 2016 despite run up last week to 161 area. I am not certain if GBPJPY can continue to push toward 164 next week, but i am Absolutely certain to Sell from 164-165 (if it can reach there next week) for 400-500 points retracement. On the other hand, if GBPJPY...
TRADING PLAN Yesterday, i am busy after Finish short closed, so do not play the LONG. :( Remind that it is still uptrend in 4H, so we play for a retrace (corrective). 1.If it is a wave 2 in 4H, i think it is in the ABC Corrective and in the C state already Plan Play impulse of C (12345) and TP around 156 2.If it is the A, same TP too. : ) Cheers
FX:GBPJPY Safe Trades;
4H plan and take action in 1H If it price will go to the LOW, I think it should come out to 2 ways: 1. Make the A-B-C for the 2nd wave of TF 4H 2. it is in the 4th wave in the 3x in TF 1H If you cannot count the wave, use the DOWTheory MA trading is enough. Make your system simple and fast decision.
We can look to sell gbpjpy since it just finished the 3rd wave of elliot waves at 1.618 retracement of wave 1, and now where looking for wave 4 to complete above the top of wave one and 65 sma. Any comments??
Short trade continued momentum with Monday gap. Expected to continue to 149
Plan of trade TF Day : Make the A-B-C TF Week : End of 5th and make A-B-C or still in 4th wave and make corrective before Go down for 5th wave. TF 4H and 1H: Lock profit if it end of each impulse. 1. If it is beginning of 5th-wave, it make 1-2 and now in the 2nd-wave and will go down to the Big-3rd Wave. or, 2. It will go up to meet the 158.536 160.344 before...
MY Trade Today: Last night, i trade and entry SELL around 154.710 but it's not end the B-Wave So i SELL more at the Top for bet around Fibo 61.8-78.6. Now it go down and break TL, so confirm that B-Wave end and going to C-wave with impulse 1-2-3-4-5 I add SELL entry on the Top of long - green candle stick. (open with the chart TF1min and i hedge with BUY and got...
Hello, guys Here is my trading plan today Waiting this candle stick for confirm downtrend IF it is end of wave B, it will go to wave C (1-2-3-4-5) Waiting for Wave 3 of C (easy trade) IF still go up it can go to 61.8 and 78.6 Trade carefully , I bet first around this price (Fibo=50%)
PLAN Confirm to the Corrective state Wave 2 or A-B-C I think it come out to 2 ways: 1. Wave A : 1-2-3-4-5 Impulse 2. Wave C : End of A-B f irst target is 154.27(38.2) and second target is 153.84(0.5) BEWARE : BOE News
Following up on the video that I shared with you guys last week, making a few predictions on the GBPJPY. We are now approaching a retest of the "B" leg for this potential Advanced Gartley Formation. (By the way well done 2618 traders!) If you remember I was looking for a trend continuation opportunity & this advanced pattern formation would be a perfect entry...
the pair in short after touch @153.600 we recommend short because have goo points and good move