I'm glad to see that you agree with me

Auslanco - GBP/JPY and GBP/USD (newstrade)

We should get a nice bounce off 231.5. Lots of things there, including the 50% level.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Here is that potential (bullish) butterfly I was talking about although I am expecting the CD leg to fail. It did indicate a bearish day though and if it does develop, then CD target would be just below 227 before possibly reversing and exceeding ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm not trading today but I did some analysis last night that showed Friday's high should be the short term high. I was expecting a retrace of sorts today but can't say how low unfortunately. The problem is that I saw a potentially nice butterfly ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I must have overlooked your chart. I have no ideal what that was based on.

Auslanco - GBP/JPY and GBP/USD (newstrade)

The power of the trend and SR line. It's a shame the bottom one didn't hit but the two above worked quite nicely.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Now this is a busy thread. Another 100 pages in 24 hours.

Auslanco - GBP/JPY and GBP/USD (newstrade)

DOW call from last night. Still playing out. Check original post url

Auslanco - GBP/JPY and GBP/USD (newstrade)

It is close to 2000 pips. 200 is an understatement.

Auslanco - GBP/JPY and GBP/USD (newstrade)

In short (230.3) with target the black line (where the blue ellipse lives - slightly above 229). Tight stop (30 pips). I will be reversing long at that point for a nice scalp.

Auslanco - GBP/JPY and GBP/USD (newstrade)

There is a support line sitting slightly above 229.00 and should provide a nice bounce. I don't expect it to break any time soon. Note: No more wedge - pattern invalidated and time to move on - no entry and no loss.

Auslanco - GBP/JPY and GBP/USD (newstrade)

It wont confirm a short but may only invalidate the bullish wedge. At the moment that is all I can see. But the top line needs to break before anything can be confirmed. The closer to the apex it gets, the less weight it carries. The ideal break ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

A little premature again my friend. Patience..... I am currently flat so it doesn't matter which way it goes but I will be ready if a pattern is confirmed. A long is not entered until the top line breaks and price either returns to the line or ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

As long as the bottom of the wedge holds, I'm thinking up. Confirmation will be a break upwards and then a retest of the line (entry point around 231.5). Target on this one would be about 234 (maybe slightly lower). Look at the wedge to the left for ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Are these two related? Anyway, what happened to this thread? It used to be alive and well.

Daily GBP/JPY analysis

Are you 44 today Pipchick?

Auslanco - GBP/JPY and GBP/USD (newstrade)

That one is a bit of a rush job. The lines don't match up so nicely. Lets see how it plays out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Congratulation on your 2000th Page!!! Anyway, are these two related? There is something similar about them - except I would prefer a nicer angle on the one above.

Auslanco - GBP/JPY and GBP/USD (newstrade)

You forgot fat or skinny also. I've been burnt by that man before

Auslanco - GBP/JPY and GBP/USD (newstrade)

Is this another bullish wedge? hmmm - I think I'll keep an eye on that top line.

Auslanco - GBP/JPY and GBP/USD (newstrade)