GBP/JPY – Waiting For The Price to Breakout The Symmetrical Triangle Pattern.

fibo_trader

Veteren member
3,573 72

Shock the daylights out of your bosses at 5ers by letting them know that there is a Rogue Wave at 144.763 ..... well before their Resistance zone. If they want layman's proof, have them scroll to the left on the weekly. Its called the Axis - same as the Nazi Alliance. There was only one way to knock out a Tiger Tank -shoot it in the ass, that was its only weakness.

141.508 is also a station. As is obvious she has stopped there to make your symmetrical triangle. THE Gods say that the coiling in the triangle is what generates the thrust. You should also point out to your bosses something they could never dream of ever knowing - that since August 12 low, Brit/Jap has hit all 3 pyramid levels perfectly (Aug 22, Sept. 20, Oct 17)

Just some cotton candy for the fellas to enjoy ........................... :)

Ask your bosses if they have noticed the sheer 90 degree vertical move?
 

fibo_trader

Veteren member
3,573 72
Show this to your bosses at 5%ers: The entire sequence of posts on GBPJPY from consistent short to the reversal LONG, Its all here. For more info contact the Duke of London right here. HE is the new Sheriff and GBPJPY will thenceforth be in his thread. 3 pages, start from page 3 to get the sequence

Why show all this to your bosses? So they know how high the talent goes so they can shoot higher than they usually do. Me? Not for sale not for employment, I'm a lover not a trader :)




 

fibo_trader

Veteren member
3,573 72
Advising a 50% TP now now now and then place STOP fast fast fast at 138.709 on Daily TF


Why? Although overall very bullish on monthly and weekly with RSI attempting to breakout ............ the daily is showing a bit of weakness with the RSI and triangle triangle getting nicked. It could be a fakeout and then it blasts higher as it is sitting just below a major Fibo. Triangle breakouts or breakdown are ferocious usually and can leave a fellow in the dust. Hence the instruction above - for daily chart timeframe only.

Good luck. Protecting capital is #1, don't be greedy is #2, Triangles are treacherous #3 you have good profit already #4
 

fibo_trader

Veteren member
3,573 72
Advising a 50% TP now now now and then place STOP fast fast fast at 138.709 on Daily TF


Why? Although overall very bullish on monthly and weekly with RSI attempting to breakout ............ the daily is showing a bit of weakness with the RSI and triangle triangle getting nicked. It could be a fakeout and then it blasts higher as it is sitting just below a major Fibo. Triangle breakouts or breakdown are ferocious usually and can leave a fellow in the dust. Hence the instruction above - for daily chart timeframe only.

Good luck. Protecting capital is #1, don't be greedy is #2, Triangles are treacherous #3 you have good profit already #4

STOP on the 50% remainder raised to 142.57. Fibo target seems to be 144 - 144.24
 

fibo_trader

Veteren member
3,573 72
see post #5 ............ STOP on the 50% remainder raised to 142.57. Fibo target seems to be 144 - 144.24

Done, done, done = OUT = FLAT now


271500
 

fibo_trader

Veteren member
3,573 72
Trade review:

Great profits.

But not happy that my called target of 144.24 in post # 5 was exceeded by a full candle. Needs work.
 

fibo_trader

Veteren member
3,573 72
The Ever generous Fibo reminds the wonderful Brits here ................ 144.24 shown in chart is where Fibo said is likely target. Needs work as I want to be 100% accurate, not just 90% :whistle::whistle:

Just as with GBPUSD coming back into the triangle, ditto for GBPJPY - arrived, bounced and now coming down into traingle again. Do you see or saw the 61.8% Fibo level I have drawn in the chart? Why of course it passes right thru' the Axis of the triangle. Yawn! Then see red trendline and 200-day ema (green). Its all coming together as it should piece by pieceThe sh*t that fibo does for such sweet guys as the Brits here :) :) :)

Where oh where oh where will Price stop? At which of the 3 white levels shown?


272393
 
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