Bullish/bearish? Pretty much right on the line. image

Dragon Riders GBP/JPY

Daily Gann hit at 159.9. Either a jump or a dump

Forex Made Millionaire Thread for Blog Swing Trades

url Hey kiddies, don't do this at home

Dragon Riders GBP/JPY

​​Maybe wave 4 complete. Otherwise Wave 1 to the downside has ended and now wave 2 underway. Sterling Yen always tracks to the 138.2 extension but not necessarily above.

Dragon Riders GBP/JPY

Still around, but nothing to add. As per my last post here .... " .... expect new highs next week and again ​after that as uj presumably gets up. For an analogy look at the earlier yen push to 189 after the main upwards thrust. Maybe towards 194 or ...

Dragon Riders GBP/JPY

As the downtrend now limits at week close, and as cable maintains over 1.565/1.58 expect new highs next week and again ​after that as uj presumably gets up. For an analogy look at the earlier yen push to 189 after the main upwards thrust. Maybe ...

Dragon Riders GBP/JPY

Break out retest under way. If successful, 189.7/190.5 in extension/ min 189.2 If unsuccessful, back to 187x or collapse.

Dragon Riders GBP/JPY

But you want some other real channels that don't move, look at this one. Nearly every rising channel/TL is a problem caused by none other than the Japanese. Three failed interventions (in green) may well have set the tone for a rise, but when 500 ...

Dragon Riders GBP/JPY

Yes, it broke. But the next challenge is to see how long (in time) or distance travelled above and below in recent times. For the entire move up ex 116, price has hated being above for too long. But sometimes 'too long' has been months. But then it ...

Dragon Riders GBP/JPY

Which pair

Dragon Riders GBP/JPY

Except it would be funny if the pair that was supposed to go up went down (UJ) as opposed to the pair that supposed to go down and didn't (GU). 'Cause should UJ get under about 118.3 it would break down, not up.

Dragon Riders GBP/JPY

Yes, Dollar Yen may be on the cusp of something very soon.

Dragon Riders GBP/JPY

The previous 24 hours was possibly a sideways correction in a rising wedge. It suggests a new high.

Dragon Riders GBP/JPY

Cable is now over the monthly cloud top so it depends on whether it breaks now over 1.578

Dragon Riders GBP/JPY

Be aware that this break over 188 may not be A break. It could still be THE break

Dragon Riders GBP/JPY

In the essence of a huge correction though, draw my long term centre rising TL and compare exact distance moves above and bellow in recent weeks, because failure at 189.5 ish could well force an attempt to break back down under 185 but be contained ...

Dragon Riders GBP/JPY

The chances are that a breech of 188.8/ 189.3/6/8 without significant fall back may just result in acceleration.

Dragon Riders GBP/JPY

You can argue that 188x will stop it. And you can argue that over 189.8 ish it's real bullish. After all 189 is the 1.27 extension 175/116. Therefore, by default it heads now for the 1.38 at about 195 or so. We DO know that 183 ish is a MAJOR ...

Dragon Riders GBP/JPY

See you guys. You've obviously got it all sorted. I guess you'll be all running on this data a year from now. But never really knowing why or how. I guess that's why why this forum became baby pips on steroids

Dragon Riders GBP/JPY

Next support 180.8, arguably 180.7 . But it must break below 180.4/5 to be/remain bearish. And 181.3 must be short term resistance

Dragon Riders GBP/JPY