149.50-150 is upper resistance 147.50-146.50 lower support (dn to 146)

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

No - if you get a solid daily close above daily gann then all sell bets are off. . . Would wait for the next daily candle to open for a test of daily gann support and would consider longs. . . If we continue to get a daily close below daily gann as ...

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

144 area

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

Actually there is a nice sell signal on the one hour chart but the 4hr chart will prevent major selling pressure for now. . . Having said that I see price ranging from 150-146.50 until we see the 1hr, 4hr and daily all aligned for a nice ride lower ...

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

I agree this is a complex wave which typically happens in wave 2 or 4. . . So either we are in a very complex wave 2 or B from the low = 118 making our way up for an eventual test and break of the high = 163. . . In this scenario wave 2 or be could ...

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

Until we get a daily close above daily gann gj is a sell on rally with a failure to close above daily gann. Based on the 4hr chart another rise is forthcoming to test resistance above - a failure to take out last weeks high should trigger the ...

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

Yes right now GU is up against weekly and daily resistance. . . if we break up then we will see a re-test of 1.66720 area with a possible spike up otherwise could see a test of support at 1.6230 area. . . Then maybe a bounce back up from there. . .

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

You will eventually but only when the down pressure is relieved. .. I could be totally wrong but I guess we'll find out in a few hours. . .

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

if u look at the daily chart. . . 55 ema also sits right on the 161.8 fib as well. . . so it may serve as strong support on the 1st attempt so we may get a bounce there if we creep in that area. ..

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

Here my updated chart. . . white ma is 4hr 5sma touched it to the pip. . . Lets see where we go from here. My 1st target is the 161.8 @ 147.36 fib ext. . . Will repost the chart when we get there. . .

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

No what I meant is a re-test of the 4hr 5 sma now at 148.60 area may get a spike above it but then again maybe not. . . I'll repost my chart again when it happens and bounce off it. . .

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

Nice strategy. . . this is a typical swing trade based on the daily and weekly swing. . . only issue is the daily swing can take 24 hrs and in some cases 36 Hours to be activated. . . I typically look at Divergence or Convergence to determine if the ...

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

Here ya go. . . enjoy! Simple naked chart for ya. . . blue = 4hr gann white equal 5 sma 1st target 161.8 fib. . . Will post this same chart when it's done! Lets see how it plays. . . could retrace back to 4hr 5 sma where I expect sellers. . .

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

I'll join u shortly but now now. . . 4hr divergence will be activated shortly in 2 min. . .

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

4hr candle close in 30 min or so better close above 149 or the upmove in in trouble. . .

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