This weeks GBP/JPY Analysis and Predictions -
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thread: This weeks GBP/JPY Analysis and Predictions

  1. #21
    Senior Member patatas08's Avatar
    114
    Here's another thought... maybe they have been using lead based paint for the previous 20 years so all us Americans are now brain dead... is what has occurred within the US ???
    Could be interesting to inspect the connection between that and Autism - which is roughly 1 in 166. It had been closer to 1 in 400k.

  2. #22
    Junior Member Tessita_28's Avatar
    14
    Well, I believe that the upward surge is basically done. We have only a couple more days left in this month and, as you can see, so far this month has worked itself into a doji, which is normally a consolidation/reversal sign. All the indiors on this chart are bearish, including MACD which has only evidenced a cross of its signal line. Check out last week's Monthly chart, Post #88, and you'll see MACD bearish divergence as well. Monthly 5SMA has been touched and now is the time to return.

    M2B

  3. #23
    A house of cards cannot stand forever !!!!!!!!!

    I have the same opinions as you, but I am not as sure about a crash or a bear market anymore as I would have been a couple of years ago.

    The best example was a couple of days ago (Wednesday), when the DOW was ready to drop further and then spiked up 150 points like that.
    The market is so obviously manipulated it makes me ill.
    And that is what I guess for the future. They just can not let it fall because it might have a desastrous influence on the fiscal system and also the confidence of their people and the entire system.
    They'll probably always find a new way to bail out the banks and investment guys as well as the cash and the rest does not interest, as it doesn't count.
    The US could enter recession for many years and nobody would understand, because the people are too stupid to see what is before their eyes and only think what is said on the network.
    Along with the media reports what they're told the y must report.
    And the amounts which are reported are manipulated and false anyway, so this game could go on a lot more years.
    There needs to be quite a major event from the outside to let the system fall and let all the lies be vulnerable.
    Otherwise there'll always be a cover-up because everybody benefits from the status quo.

  4. #24

  5. #25
    Hey fatdragon88....the gbp/jpy follows us yen, and thus do an elliott wave look on such pair! ....elliott waves state three compels with two small pullbacks in an impulse wave, or fashion wave! . . .google elliott waves for a quick and easy rule summary. . .see a yen chart long duration, say a four hour chart. Looks like confused moves and no valid wave count, or maybe time for a movement up (A) down (B)) then up major time. 124. Xx calling or over 117. Xx any way....nope....on the bigger image....the fall from 124.00 to a daily chart....figure what the roof on this pullback into the topside are! ....and then...! ...! ....this pullback is a textbook wave four....and then, you're the one to place it, I will be watching! best regards

  6. #26
    I also made the following article around 3 months ago (a couple of days after the one above).

    Https://www.cliqforex.com/bitcoin-cr...nizing-ea.html

    This is precisely what I am hoping now. A rise up to 244/245 and the last decision to be made around there. Point 6 on the previous chart is indied on this - indiing where we are currently.

    On that note, I have decided to not post in this thread no more and that I will probably only occasionally post in the Daily GBP/JPY analysis thread. All the best.

  7. #27
    I'd love to return to a post I left about 3 weeks ago and I've called it on numerous occasions.

    Https://www.cliqforex.com/trading-sy...y-slowing.html

    That chart has now completed and I want to discuss it in a bit more detail. It was initially attracted as what I saw to be the pure change points at that moment. I was anticipating it to complete a lot faster but as usual, my timing is not very good.

    Points 1, 2, 3 and 4 completed fairly quickly with half of stage 5 before we reached a summer range (purple rectangle). That range concluded with a symmetrical triange (blue) that broke north (as expected from a continuation pattern). The apex of the triangle formed an area of support and resistance (lean orange rectangle) so when stage 5 completed and reversed, it bounced off that support (orange region) to make stage 5 double top.

    When it came down the second time from stage 5, I was anticipating another smaller bounce it off before finally breaking but it shut within it on a Friday and opened with a gap out of it on the Sunday. Price somehow snuck through whilst everyone was sleeping and I received a smack on the face and learnt a nice lesson. It was the second time I had seen something like this happen. So that the gap closed and bounced off the orange rectangle into complete point 6 along with the chart.

    Originally I was about 200 pips off the change points but I was able to refine it and becoming into between 30 and 70 pips off the past couple of reversals. Now when considering that each generated 1000 pips, I don't believe that's too bad.

    Charts attached of how it all worked out.


  8. #28
    Here is a possible bullish wedge. I don't expect price to go too far beneath both base purple lines, each providing powerful support (in 220.70 and 220.52)!

  9. #29
    I'm thinking once we break 222.8 then the long should be useful. First target is around 224.00, second around 228.00, third around 241.06 and the final target around 244/245. I will take some off at every target, re-enter about the bounce and adjust stops (to lock more profit) when it breaks.

  10. #30
    Oops, that wasn't the article I must have known to since it was just another 1000 pip call (that had completed within a week back). The ones are all here.

    Call was made for a brief change from 231.5 to 232.7 having a real of 232.39. Goal was 221.

    https://www.cliqforex.com/general-fo...lk-usdcad.html
    https://www.cliqforex.com/bitcoin-cr...nverse-ea.html

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