If we close above 234.02 it will give us the one hour confirmation we need to go long

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

Karmo how do you come up with your price projections?

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

won't be for aleast another hour

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

Aus being that today is a M1/M3 bias and we are already in the over bought area what is your price target

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

Under each of Aus post there is a connection to his stratgy if you read that it will help you to understand his posts. Start there my friend and you will learn how to fish.

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

bounce off 4hr 50% fib 230.06

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

After you get some rest you got to break this 5sma retracing for me

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

Auslanco at what point would you consider this entire bearish trend over? thanks

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

How can you tell what time frame retracement is due thanks in advance

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

I think you are using the 5 ema instead of the 5 sma ema is a little faster 5 sma is at 234.69

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

Todays R1 and monthly S1 around same price 244-250

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

I hung in there with you all day, after yesterday performance you made me a believer

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

You are right about the 50ema it also behave like the 62ema but you are also seeing price react to the 200ema in a lower TF

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