My TP2 is at 162% Extension. But watch out ADP is coming out in a bit.

Dragon Riders GBP/JPY

Bullish flag... Will it work? We will find out. For now

Dragon Riders GBP/JPY

They maybe waiting for the GBP PMI News. LOL look at GBPUSD much worst. looks like a Megaphone pattern. However, with this pattern generates big moves either direction after it clears. Lots of bulls and bears are fighting for control.

Dragon Riders GBP/JPY

Welcome. For the bulls I see EURGBP going down and GU going up. Means Pound is picking up strength.

Dragon Riders GBP/JPY

Looking at current price action, 157.197 became intraday resistance after Frankfurt Open. If they can't break above that, and by going by average daily range. It MAY go down 40 more pips lower than the current low. So 157.197 I think is the key for ...

Dragon Riders GBP/JPY

May at least retest the low of the day???

Dragon Riders GBP/JPY

It broke last Fridays range. That doesn't mean anything? But yeah Raider could be right. But for now it's looking bearish no?

Dragon Riders GBP/JPY

hah hah. Maybe we are twins

Dragon Riders GBP/JPY

Accumulation pattern? Looks like bulls are still trying. However, if it fails???

Dragon Riders GBP/JPY

Daily open is a strong indicator. Back down we go MAYBE by at least 60 pips after that break.

Dragon Riders GBP/JPY

May go down more it just broke the daily low after a small run up.

Dragon Riders GBP/JPY

I thought you are long it's going up now?

Dragon Riders GBP/JPY

Who knows you could still be right. Small pullback then BAM. Then we trade what we see.

Dragon Riders GBP/JPY

Sure. 5M is in an uptrend now but I'm still cautious as H1 still does not agree. They are still testing yesterdays high. Edmun1388 got the right idea to take half off at this area then trail the rest.

Dragon Riders GBP/JPY

Hmmm Major Resistance broken? Is it? Seems like they are still testing it. But my short did got stopped out.

Dragon Riders GBP/JPY

I got a sell stop below 156.080 Lets see if they let me in.

Dragon Riders GBP/JPY

[quote=Makavell;8773057] Can't blame them they haven't heard of a runaway gap before.

Cable Update (GBPUSD)

It looks like a HUGE head and shoulders pattern... Its going to be interesting when it gets to that lower line.

Cable Update (GBPUSD)