It is very possible you are correct. It would complete the right shoulder of the H&S before going higher. We´ll see... There are many ways to get to Rome.

Dragon Riders GBP/JPY

It doesn´t look good for your trade. GJ looks good. Maybe going to 148.30 today and tomorrow. BUT !! Anything can happen in Forex...

Dragon Riders GBP/JPY

Can you please post the Elliott Wave chart as it stands now? Thanks.

Dragon Riders GBP/JPY

GJ bounced nicely from the uptrend line and the 200 SMA (Blue line). The RSI is getting close to breaking the downtrend line. If it does, it will move strongly towards 149.00 I am long again from 147.20

Dragon Riders GBP/JPY

No swap for me either. I may hold the lots that I have to 156.15 and trade in and out an equal amount of lots. It is risky with all the Brexit news coming in the next month...

Dragon Riders GBP/JPY

GJ is looking more and more bullish... If the low at 146.50 is not taken out, it may break out higher to 156.15 which would be the target of an ABCD pattern. It would take about a month to complete.

Dragon Riders GBP/JPY

This is just a scalp to 147.70/147.80 I believe it is still going to 145/146 after that. We´ll see.

Dragon Riders GBP/JPY

Opened Buy at 147.43 TP: Open

Dragon Riders GBP/JPY

I closed my shorts and I am looking for a good place to Buy right now. It is risky with the EU Economic Summit happening today and tomorrow.

Dragon Riders GBP/JPY

Your plan is good because in the end, GbpJpy is very likely to go much higher in the next few weeks. If you can hold through the retracement, you will be all right. Of course, anything can happen in trading. I am just giving you the most likely ...

Dragon Riders GBP/JPY

The Blue rectangle is the probable area of retracement before moving to new highs. This confluence area is composed of the 50 SMA, the 4th fan line, the 50% Fibonacci retracement level and the strong support at 145. This would be a good area to Buy.

Dragon Riders GBP/JPY

No. The two Green dashed lines are open Sell trades. The Red dashed line is the TP for both Sell trades.

Dragon Riders GBP/JPY

Excellent charts you posted. I still think GbpJpy is very likely to test the 50 SMA (Red) this week, before heading north decisively. The yellow trendline on the RSI will have to break before price goes higher. Of course, anything can happen in ...

Dragon Riders GBP/JPY

There is a strong possibility of an inverted Head & Shoulders with price dropping to 145 strong support area and then taking off to new highs. The implied H&S target would be 159.60.

Dragon Riders GBP/JPY

I have it testing the confluence area of the yellow fan line again, the previous bottom and the 200 SMA (Blue line). Attached is the H4 chart with my TP.

Dragon Riders GBP/JPY

Yes of course, that is just a reference target. I trade in and out many times before it gets there. For example, I am short now to 146.50, then I will go long again. Saludos de mi parte también.

Dragon Riders GBP/JPY

This is the weekly chart. The 4th fan line (Yellow dashed line) has now been broken and tested successfully. The RSI down trendline was broken several weeks ago. I am long GbpJpy with a 156.35 TP (Pink dashed line) which is strong resistance and ...

Dragon Riders GBP/JPY

Try not to pick a bottom. We are in a very strong long term downtrend. It is all about interest rate differential. The US 10 yr. Bond is yielding 3.21% today compared to close to 0% in Germany. Use bounces to sell and you will make steady money and ...

EURUSD only

You are not on my ignore list.

EURUSD only