GBP/JPY : Resistance at 50% fib level + H&S pattern
Hey guys,
We have a currently a nice resistance at 50% fib retracement from the top (assuming it's the head of the pattern).
Stop placed slightly above 61.8% fib level.
We also have a nice bearish divergence in terms of RSI in M15 timeframe (see below).
I am shorting, my target is 150.700.
Best,
Jesse
We have a currently a nice resistance at 50% fib retracement from the top (assuming it's the head of the pattern).
Stop placed slightly above 61.8% fib level.
We also have a nice bearish divergence in terms of RSI in M15 timeframe (see below).
I am shorting, my target is 150.700.
Best,
Jesse
Operación activa:
Entered short at 152.232
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H4 VIEW
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Price is going up but volume not
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I am adding more to my shorts
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I could be wrong but since volume is not supporting this move, it could be a bull trap
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The answer in a couple of minutes. Could have just been a market manipulation
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Confirmed! They didn't get us on this one!
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now relax and get a beer
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The "bitchy candle"
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ready for a ride ?!
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OK guys, this has nothing to do with my idea, but i'm just curious... How can a user post a single idea, have a reputation of 20'000+ and more than 14'000 followers ? I don't get it...If someone understands lol
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Boring PA. Off the screens til tomorrow it’s already night here. Have a good end of day/evening/night guys !
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Hi guys,
trade still ongoing. Waiting for some action this morning.
trade still ongoing. Waiting for some action this morning.
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Nothing really special happened overnight. The pair looks stretched now
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4 rejections of 61.8%
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I am off a couple of hours.
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Ascending volume while price is going down = bearish
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Bearish trend in place, selling any PB
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The pair broke an EMA support as you can see below.
Volume confirms the move which is also good.
I will not keep the trade during the JPY interest rate decision which is overnight for me. So it better go down fast! :-)
Final target has not changed.
Tomorrow no trading for me, as every friday.
Best,
Jesse
Volume confirms the move which is also good.
I will not keep the trade during the JPY interest rate decision which is overnight for me. So it better go down fast! :-)
Final target has not changed.
Tomorrow no trading for me, as every friday.
Best,
Jesse
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The pair could go down even more and test the Daily fibo at around 150.450 but, come on, it's already a very decent profit huh? :)
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Currently trading at 50% from top, let's see if it goes back down from here or from 61.8%.
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Decreasing volume
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ok guys back from my meeting.
GBPJPY has retraced all the way up to the top of the formation but still I don't see any volume accompanying this move, so for ME it's still an opportunity to short it.
Will give some updates later on
GBPJPY has retraced all the way up to the top of the formation but still I don't see any volume accompanying this move, so for ME it's still an opportunity to short it.
Will give some updates later on
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Hi guys,
Very challenging pair today, with lots of false signals !
I am still in the trade since it's flirting with the 60.8% fib level
Very challenging pair today, with lots of false signals !
I am still in the trade since it's flirting with the 60.8% fib level
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look at that! So much indecision out there
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These candlestick could suggest we have an exhaustion, looks again that the pair is stretched in this area
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CHOOSE A DIRECTION GBPJPY! I think this time is the good one
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UPDATED CHART GUYS
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I just don't like keeping overnight positions when we have "red news", in our case we have Tokyo CPI EX FRESH FOOD + UNEMPLOYMENT RATE + LARGE RETAIL TRADERS so It should definitely go down by then.
You guys are holding it?
You guys are holding it?
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I like this engulfing bar (but it must close like that in about 20 minutes) + this RSI divergence
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Time to get some fresh air and enjoy the sun! Update in a few hours guys, take care
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Currently trading on the trendline
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This is the final target, to complete the target.
As you can see it's a confluence zone with the H&S as well as a strong fibonacci daily.
As you can see it's a confluence zone with the H&S as well as a strong fibonacci daily.
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Will book my profits before the red news, hopefully at my first target (as shown above) at 151.720.
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ZzzZZZ correcting before going down again ZZZzzZ
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Sorry guys for some reason my screenshot cannot be copied. But it's correcting...
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Currently trading at fib zone.
Should go and test the next one lower
Should go and test the next one lower
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Approaching final target
Operación cerrada: objetivo alcanzado:
Final target of 150.7 reached !
Good weekend guys
Good weekend guys
