No support? Or you mean resistance? I see quite a bit of support with the fib lines as well as the weekly pivot which it still has yet to close under on the 4HR chart.

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

Typically in a ranging market, then you will see that the smaller timeframes are in disagreement with the 1H/4H. In this case then usually I would stay away from a strategy trade until all the indicators are in agreement on 5M, 15M, 30M as well as ...

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

Looks like it's targeting the 1H TFT line. Let's see if it bounces off it.

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

Well, my 4H candle just closed almost right on my trendline. So, now it has to make up it's mind. Either it's going down for a clean break, or up to battle the fib confluence at the 231.60 level it hasn't been able to break yet. It's running out of ...

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

Yes, I agree. After seeing what has happened over the last few weeks, caution is definitely needed. The first three weeks of this last meltdown of carry trades looked very similar to what happened in Feb and it appeared just like in Feb, the 4th ...

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

Markam, wouldn't the first point about the German bank have some effect on the European stock markets first? It seems the DAX and Swiss markets are up today.

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

It can depend on your broker. For instance, FxSol lets you hedge a position and they don't charge you extra margin for it. Other brokers will not let you hold a hedge with the same currency. In those cases sometimes you can hedge with another ...

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

One last fib line to cross for me at 235.20. After that, I don't show much resistance until 236.02.

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

So far today, it's crossed most of the resistance fibs I had and is now higher than last weeks high. I'll wait until the 1 Hr bar closes before deciding on taking a long.

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

I downloaded the FxAccucharts as a possible alternative to my MT4 charting. I liked them a lot and I still use them on Sunday after market opens because they become active sooner than my Alpari demo MT4. The one dealbreaker for me though, is that ...

FX Solutions new charts

And coming up on 15,000 posts. WOW!!!!!

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

Last night we had a huge runup after Tokyo closed. I wonder if we'll have a repeat tonight.

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

Looks like we just had a textbook 4 HR 5SMA retrace. Let's see if it keeps going, or starts back down.

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

Karmo, look what happens. You sleep and the bears take over.

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

Well, then I wouldn't trust your VT

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

All timeframes for me are bullish except the 1HR SI has not crossed yet. It's above 50 but below the dotted line.

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

Not looking good for me on the 1HR. The TFT line has jumped above the candle due to the current price drop. Looks like it might be another hour of ranging.

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

Well, I'm showing a lot of support on the 4 HR at this level. Let's see if any of it holds.

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

In my expert opinion, I'd say that's the short little candle pissing on the two previous

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

Here's my 30 min. Looks somewhat similar on the main chart, but not the QQE.

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