Ah TRO, I though we were talking about the guppy;)
Nice charts, i 'm looking at something very simular about the cable right now too.
Cheers
WHOOPS!!
You are correct, my bad!!
GBPJPY charts posted above.
Same conclusion!!
Wow, 220 pip gap! Iām looking at 329 pips right now;) Sweet!
I was orignally thinking the descending wedge on the daily, might produce a bull break out somewhere around 193.xx, now with this gap factored in, we could be looking at 188ish or lower. Acutally the lines dont cross on my chart as it wont go low enough.
Summer trading over??
Just my thoughts.
Cheers
Nice night. Looks like I drew that fibret study a bit off: price came 15 pips shy of 194.02. 
Never a bad idea to consult fibonacci studies when developing price targets.
Support didnāt hold and price came within 2 pips of the H1 lower 1.618 fib projection.
Whoops! I forgot that SOME OF YOU reading this thread donāt like embedded charts.
Looks like a double bottom may be in the near future.
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TO BE CONTINUEDā¦
Shes breaking fast ATM, i have no idea why. Drop 125pis or so in the last 15 minutes, which is a bit odd for this time a day.
Any ideasā¦ thoughtsā¦ comments?
hmm well I jumped on the downward express, and out alreadyā¦ lol, that might have been the fastest 100 pips i made ever shorted 193.88 TPed 192.88 all in about the last 10 minsā¦
Still have no idea why the sudden drop
Doesnāt matter what the reason isā¦
[B]YOU RECOGNIZED WHAT WAS HAPPENING AND TOOK ACTIONā¦ VERY WELL DONE!![/B]
Thatās all that matters.
ah nice retrace, where i shorted again at 193.78, closed manual at 192.99.
Just watching the 5 minute chart up and downā¦ ready to place shorts when the moment is right.
I am a bit surprised at the volatility at this time of day. So i may just take a break and just watch it for a while.
Taking a break is smartā¦ relax and enjoy.
Nice run there, Cdawg: there were quite a few pips to pick up there for anyone attentive to and capable of catching those oscillations.
Speaking of which, now back to the congestion zone between 194.24-194.67: resistance?
Geeze gone awfully quiet round here???
So what do you make of the duoble bottom? should we be looking for a bullish reversal pretty soon or what? Shes looking like she want to keep testing the 192.7x area right now.
Iām thinking if we break 192.5x area next stop will be 191.xx /190.xx, and than further down later in the week 188 zone.
at this stageā¦
who can predict where she is going nextā¦i really know idea N.F.I.
anyone have some insight they care to sureā¦iām listeningā¦
what NFP tomorrow do to her, if anything?
have we bottomedā¦is this a retrace now or reversalā¦
anyone think we are heading for the 190 and belowā¦188ā¦:eek:
[B]unbreakable support at 191.6[/B]ā¦forā¦nowā¦
Taking a page from tymenās candlesticksā¦
There is developing morning doji or morning stars on eur/jpy, gbp/usd, usd/jpy, and gbp/jpy currencies. TF is daily
All these are on/past the bottom bollinger band.
I know Iāll be keeping an eye out to see how the next daily candlestick forms.
My 178 projection falls short by 600 pips after moving over 2000pips down to 184. Reason Iām say this is because Iām looking to go long now. My chart is showing a reversal in the making.