Consider this. . . a daily close below 135.65 will see a test of the low and would either put us in another lower range from 135.86 to 129 or we break 129 and we see 125. . . The move lower is being done in steps abut each time we are making lower ...

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

Here is a typical set-up based on the 1hr chart. . . 1st yellow = 200 MA I have drawn the fib based off what looks to be another ABC correction headed lower with a resting place at 133 area. . . Look how after the initial wave to 135.88 it went ...

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

My thoughts. . . We should still consider that we are in an ABC correction off the 215 drop. . . That being said 38.2% retrace from 163 based on fib expansion is 125.28 if the up trend is to continue for an new high. . . after that we must consider ...

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

And price had not been below 129 since 1995 and isn't this the 1st time price has seen 118? The data is right there in your monthly chart - just have a look! So should we not consider that there is a possibility?

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

Now lets take a look at that same chart I presented to you keeping all else the same but drilling down to the lower TF - lets say 4hr chart. . . Once can clearly see we are in a nice range 140.91 and 135.68. . . Once can also see that we are making ...

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

Here is a chart for you - now I've just mentioned if we are headed further up in ABC this is what the fib structure would look like on a larger scale. Also, ask yourself why did price stop almost exactly on the 23.6 fib to the pip? Is it by chance? ...

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

The other comment I want to make to you is this. . . Sometime ago I post here that has anyone noticed as of late with any wave retracement that the market has basically moved from the typical 61.8% to more toward 78.6% and in most cases 85% and ask ...

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

Well one must consider a few things when using EW analysis; 1) is our current view of the EW structure still valid 2) is there an alternative EW structure we haven't considered 3) does the wave structure we've considered actual fits the pattern in ...

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

Very nice analysis. . .

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

url Nope not a smart arse but if you are going to post something post it all. . . Yea we can go there New World Order, Illuminati, Brotherhood. . . but in the end. . . things happen in cycles and we are in that sideways cycle for now. This time ...

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

Bro its apparent to me that you have a hair up your ass so for that I won't respond to such ignorance because your analysis is always right and then there is everyone else. . . url Try posting a chart or two every once in awhile to back up that ...

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

Only time will tell my friend. . . You won't see 143/142/141 for that matter before you see a new low. . . Good luck on your longs bro! Btw, Wrote this post yesterday while selling off 140.50 area while you where still waiting on confirmation and ...

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

143 hmmmmmmmm! 125 yup right where we're headed! See you all there - not sure why people still thinkn 140/141/142/143/144/145??????? This pair if closed below 139.40/60 area will see lower price! Anyhoo, guess market have enough sucker longs so only ...

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

Okay - see ya at 135.60/136 area. . .

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

Yeah, I looked at it on Friday and said no thanks. . . and I'm glad I did, it's falling like a brick since the run up on Friday. . .

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

Looks like a bear flag developing on 1hr. . . wouldn't be surprised to see it range its way out then drop thru the flag which if does will drop the flag distance - another 200 pips. . . If it going to get back above 139 it better do it soon before ...

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

Whenever we see NY sell after London has packed it in there should be no doubt where we are headed. Looks like the same play as the past couple weeks. . . Run it up at the beginning of the week then make an excuse that the sell-off is due to some ...

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

Moody cuts "Greece" rating to junk within 4 weeks. . . This is getting more hilarious by the minute. . . And they knew this when - just now????? What loads. . . gotta love it though! Hope nobody caught on the fictitious 139.40/60 yard line. . . Also ...

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

This is all old news we are just being privy to hear it. . . The fact that price bounced 500 pips up for no apparent reason should have been reason enough to smell a rat. . . However from a TA standpoint makes all the sense in the world - bounced ...

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

Not sure on that - Hasn't closed above the 21 SMA since Feb of this year. . . Would be looking for a solid weekly close above that area with a solid test of support after it breaks-out otherwise it can reach 1.36 area - has not bottomed yet IMO. As ...

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