Nice analysis. . . 135.53 pit stop on the way to the spike is a reaonable target. . .

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

Daily close would change my mind if we sunk and closed below 131.68 that would put us in a new range lower to 130 - 128.17 area with dip below to 125 with a bounce. . . But a close above 134.30 would be really good because it would give cluse where ...

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

Keep thi in your "hip-pocket". . . Price will swing on a daily. . . We have touched daily S2 with a dip below to take SL's. Daily S2 is 131.68 where we bounced 200 pips up. . . Daily S1 is 133.04 which we currently trade above now. . . a close above ...

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

Yup lets see how we close on a daily that will give further clues. . .

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

I'll tell you what. . . anyone shorting here will get a big surpirese in Asia you can believe that. . . This is a classic set-up IMO! If we get a daily close here further upside will be triggered. . . might see a dip below to 133.05 but we are ...

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

Just posted a chart and will use this same chart to demostrate the trade as it develops. . . The weekly 5 sma will be touched before we activate the weekly bearshness. . . I'm looking for a close above 134.30 in Asia to trigger further longs. . .

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

Now if you look at the entire wave structre from the move lower from 140.60 we seem to be in a correction up to test the top of the broken rang at 135.88 with a push up to 136.30/60 tops. . . Also fit right in line with ABC on my chart and weekly 5 ...

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

Again if you look at weekly - weekly bearishness was activated so we will see lower price this week after the run up wherever it ends on this up move and 125 is still my target. . .

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

We have tested the weekly lower range so it's only fitting to go and test the top of the range before we head lower. . . I would be looking at the weekly chart and put a gann 10 and 5 sma on it and look for price to target 135.88 with a spike push ...

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

Lets see what happens when we get to 135.88/136.16/30/60 area. . . not seeing 138.50 just yet. . . That would mean that we would be in a new weekly range and we haven't even tested the bottom of this weekly range yet so can't see 138.50 just yet but ...

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

Yes see your target 136.30/60 should be tops if we get an hourly close above 134.29 in this session or Asia session. . . 134.29 is the trigger for higher price. . . Key will be if we close above 133.60 in NY - keep an eye out on this. . .

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

Agreed = more likely ABC over next couple seesions. . . Low in for today. . .

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

yes range time IMO looking for it to climb above 133 soon. . .

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

Looks to be in an abc correction coming up to me but lets see what it does when it gets above 133. . .

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

Yup, I would imagine that we will range a couple days and possibly a week. . . We have visited close to the bottom of the weekly range so may see some movement back to the top which I see 135.88 with a spike up to 136.16/60 and possibly a bit higher ...

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

Bro, No apology needed here I'm thicked skinned and our dsaagreement was a mere discussion to "agree to disagree". . . happens with two stubborn traders. . . LMAO! You are a great swing trader and we both have made some calls based on what we ...

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

Agreed. . . monthly looks ugly. . . But don't be surprise to 136 for month end just keep that in your hip pocket. . . if we bounce from 125. . .

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

Bro - take a look at the weekly - weekly bearishness just activated this week and has lots of room to moce lower. . . Looking at it it states sell "ALL" rallies below 135.88 with spike above to possibly 136.15/60 area. . .

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

Yup - as stated early last week when we sat close to 140. . . weekly was bearish and we had a weekly close below the target I mentioned 135.88. Now we could consolidate between 129.22 - 135.88 before we break lower to the new range 129.22 - 125.22. ...

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

Bro just like we discussed - congrats to ya on your nice swing trade. . .

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