If we brake the ascendent channel i think we go down until 155,71 - 154,84

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

You're right, we have to be aware of all the scenarios, but im only saying what i said not only based on the H&S but based on the broken ascendent channel too. As longo as we continue below the broken chennel and if we brake the neckline the ...

EURUSD

forgot to post the graph...

EURUSD

Short bias? — It seems we have to wait to see what happens if the H&S confirms. If it breaks the neckline i see a short until 1,343

EURUSD

Ok, now we have 3 simultaneous situations: we are in 3 suports, on the orange suport, on the blue channel suport and on the green channel suport. I say it will be hard to brake this, but if we do... hmm... Hello 139!!! But still, i think we are ...

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

its becaming hard to brake the green suport, i think it is very very strong, if we brake it we fall down

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

well, i cant help you, because i dont use that one

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

it depends, what is your trading plataform?

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

IS THIS REALLY TRUE??

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

no problem, thats why we are here, to help and to learn

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

I know its for malcolm but i can try to help you. if you really beliefe it can go to 145.50 (like me), you could try to spot your shorts at the orange resistance that i draw in the graph. you have 4 options: -147,795 -148,3 -149 -149,5 Now you ...

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

thanks i do what i can. But im looking forward to learn more about all you say about volume and stuff, but unfortunatly im still studying and i dont have time to do that, so i just stick with channels and supports and resistances.

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

Malcolmb, in my opinion you are right, "overall trend down" (my green channel), but i think it will be until we reach the blue channel suport, waht do you think?

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

as you can see we are now fighting in the red suport, but maybe developing in a descending channel (green) in the blue channel. We might now go up to confirm again the red line as a major suport, or in the braking we can see the green channel suport ...

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

gbpjpy — As i said we touched the resistance at 148,3. now we might bounce up again to the blue channel line and then drop down

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

gbpjpy — As the support is confirmed my bet is now 148,3, and then we might come a little bit up, but the main overview, for me, its bear (weekly)

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

it seems we have confirmed the blue resistance, now lets see how we do at 149 resistance, but i thin we go up to 149,3x again to the blue line, then down, or, if it breaks, to 150,45

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

gbpjpy — ok, we touched the blue line, lets see if we confirm it as a resistance. if we brake we might go to 150,44

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

gbpjpy — in my opinion i think we will use the blue channel line at 149,3 as a suport turning resistance, and then we might confirm a bearish at least until 146,9 and then possibly to 145,1

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

well, that should be true, but is it considered a bearish mode if you are moving down to a bullish channel suport?

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