ibiobiz

Hi folks.

There's some interesting stuff coming up on the GBP/JPY charts, at least
I think so. :-)

The daily trendlines is crossing in a couple of days and I was wondering
if anyone have some comments on this since it is the first time
I see it happen.

GBP/JPY is currently moving into that corner.

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Chris


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Jude

A breakout should be occuring soon on the top side. that's how i look at it when I use CCI, 200EMA on the 4hours of the chart. I might be wrong

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ibiobiz

Could be true, only problem, as I see it, is that it is pounding to really break
the lower trendline which now has been breached 2 times on the 3 hour chart.

There could be a huge move brewing here and a correction might occur before
moving upwards.

Who knows... I better close down the software so I don't get
any stupid ideas, LOL.

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Chris


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Dan

It's showing more weakness to the downside right now.

I am short right now, already in small profit and I have additional short orders below 233.72 and 233.50.

Regards,
Dan

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ibiobiz

I went in with a smaller short trade on the EMA62 bounce, went in
at 234.15.

The 00.00 candle on the hourly chart has clearly broken the lower
trendline, hopefully the Asia session will do some damage here shortly. :-)

Now, if it could blast through the EMA200 as well, we can have a good one
here. :-) (dreaming)

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Chris


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Dan

It looks alright now. Let's see how many pips the market gives us.

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Dan

In my account my stops were hit at 234.49 for -17pips, same price were my long order kicked in. I netted less then 30 pips profit overall. Onwards to the next trade!

Regards,
Dan

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Jude

I think i got it correctly on this one. *didnt trade it though*

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Dan

There's always another trade around the corner

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JoseLeon

Some of my results these days:

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