...as long as it stays above that bottom new upward trend that just started (above is H1 chart).

GBP/JPY

Looks to me like a reversal shaping up near the bottom of the trend line of that H4 flag, and looks to head up at least to the top of the flag. Anyone agree? Disagree?

GBP/JPY

Not sure I follow this? What time frame are you seeing a reversal on?

GBP/JPY

I think this is why trading is so difficult (at least for most of us, me included), since there are so many views of price movement. But, I agree with smikester on the monthly pin having some pretty heavy significance. But I also agree with XNAdam, ...

GBP/JPY

Thanks Skyhok! I hope you're right. I'm still long, as it looked like a solid support level to me, just needed to give it some room...

GBP/JPY

yes, but I think I'm wearing myself out and losing hair trying to change directions with this thing I'm long now, at the bottom of the downward channel (H1 chart), and seems to be finding support. Break of the channel negates my analysis, ...

GBP/JPY

Thanks for pointing this out. What time frames do you compare them on? H1/H4?

GBP/JPY

Ready for the bulls?

GBP/JPY

Okay, maybe I'll hold off on calling the therapist.

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Question. Has anyone every seen a big bullish move/reversal after 2 almost perfectly formed bearish engulfing bars (H1 chart)? If it doesn't go down, I think I'll need therapy

GBP/JPY

This is the last daily support level it is currently at. I don't expect it to hold, but we'll see. If it falls through, should very quickly fall to 173.5/6ish

GBP/JPY

Maybe heading to your 173.6...

GBP/JPY

I think it may try to test the daily pivot again. It's been in a very tight range coming down (about 50-60 pips)... If it breaks above the DP and top of the range, might be time to put the bull hats on. Not sure right now. Another decisive ...

GBP/JPY

Thanks, but again, I agree with your current view of the long term bullishness. I keep telling myself every time I enter a trade, that I'm one engulfing bar away from being wrong I'd rather do longer term trading, as it's less stressful, but ...

GBP/JPY

Above chart was H1... Looking at H4 chart, seems like still in consolidation...

GBP/JPY

Also, price is trading below the daily, weekly, and monthly pivots. Uptrend is not confirmed as far as my view, until the pivots line up again, and price is trading above them...

GBP/JPY

Yep, I'm long-term bullish on this pair, but short term, I think it has more to fall. Feel free to shoot holes through my analysis, but this is what I'm seeing right now... Green numbers show 4 bearish flags, all cleanly confirming down trend, ...

GBP/JPY

Good to know. Those are my primary time frames as well. Helps me put into context your analysis. thanks

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XNAdam, once again showing me up with your discipline and patience

GBP/JPY

Mine are H1

GBP/JPY