133.60 then 129.22. . . next targets with major support at 129.22 but if we get back above support resistance starts at 136.79 then 137.11. . .

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

Well we didn't move in a straight line this time re-visting 139.50/90 area I don't know how many times. . . (joking). . . But from the looks of it - consolidation seems to be over and we look to be resuming the bearish trend. . . Anyway, as ...

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

Bro I'm in the gym at least 5 days a week. . . and guess what it helps clear the brain clutter and makes trading more fun actually. . . In the cut-up phase so diet is critical which also helps with cleasning and detox the body. . .

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

A novel thought eh? The weekly chart spoke loud and clear and could not be ignored. . . What else can you say and we may see even more selling in GU in the upcoming Asia session. . . We have seen London close selling and now NY late sell-off which ...

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

Find a tool/tools that are reliable and then master them. . . You really don't need many just 3 things to remember. . . 1) Know when price is ranging/consolidation and whats the actual range - easy to determine on higher TF's with Fibs when there is ...

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

For consideration. . . Looking at the charts we appear to be destined for a trip to 133 sooner rather than later and even lower 128.70 and perhaps a dip lower IMO. . . Esp if GU continue to be on "sell" at bargin basement prices and if UJ continues ...

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

Fib ext or expansion is only used when you have 3 swing points ABC to project D so typically you would expect AB = CD in this scenario. . . Typically people using this method are looking for FE 100 and FE 1.618 on ext. thus the name ext or ...

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

Well not sure on that we may range between 140.91 - 135.70 until one or the other breaks and I'm biased to the downside now that gu has broken down and don't think we will revisit 139 area no time soon maybe 138.10/40 area if that. . . Need to see ...

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

Yep looks like support on the weekly held once again for now and I now have two target for longs to swing up. . . 1) 136.50 next is 137 maybe later if we hold above 136, could give more on a push up to 138 but lest re-evaluate when we get to 137 ...

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

We sitting just above support what are you not liking? Either we break it or we head back up a bit my guess below 137/138 if we don't tank below support - if we do we will be relying on a daily close and at the mercy of the DOW. . . Need to see what ...

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

Well the move is slow so we may be at the low for today just have to see once London packs it in for the day. . .

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

the bigger triangle takes us to 133/134 support but we should see some level of support at 135.70 have to see once we get there if we don't see stopping volume by then. . . Momentum looks to be drying up so lets re-evaluate in 1hr and then monitor ...

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

Thank you bro for the kind words - the charts I posted seemed to be very clear and has been working for me since the pattern from 153 with a few hicups but nothing that I didn't anticpate as an alternative. . . We are at a critical point here and if ...

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

Bro we may dip to support at 135.70 where we could see stopping volume but London will have to push before headed in or else uncle Ben will hit the computer algo to save the dow once again. . . If we close below 135.70 area this week it will put ...

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

Bro weekly is working out just as we discuss in the weekly range now at the bottom of it. I posted that here yesterday up target at 139-139.50 tops. . . Then down from there and I expected the lower range of the weekly range to get hit and here we ...

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

Thxs all for the great analysis. . .

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

Again I ask the question to this thread and enclosed is my chart to discuss. . . After the bounce off the 78.6% fib based on the weekly chart price then moved up to get back in the 38%-50% fib range which can be clearly seen on this chart. . . The ...

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

precisely. . .

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

I think your long is safe. . . As I'm seeing whe will possibly go back to the top of the triangle before heading down. . . Up target is 139 with a possible push to 139.50 before seeing 136 and pissbly 133. . . Weekly is strong on the bearish side. . ...

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

Lets consider the alternative that we will go up. . . So lets look at the daily chart! Even if price does go up based on the daily chart I would think it would go up in 3 waves and possibly 5 waves if the trend up should continue. . . Would you ...

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