It's actually a minor level. Monthly S2 is sitting at 152972 (on the same TL) which is more significant support on the Monthly & Weekly charts. If this doesn't hold, we have more room to drop.

Cable Update (GBPUSD)

Once we broke under the Daily TL 15350, 15306 was the next logical place for a bounce.

Cable Update (GBPUSD)

looks like GY isn't going anywhere for the moment... but it's leaning bearish. NFP will lead the way. I think that's where we'll see direction take form. next week regular session starts, so things should get moving again for now, GU is ...

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

couldn't agree more.

Cable Update (GBPUSD)

great flick. ok, I'm outta here too. good luck with your trades

Cable Update (GBPUSD)

like clockwork. url

Cable Update (GBPUSD)

dude. didn't realize you're 200 P draw down. you never know how low price can drop until it gets there. support gets broken all the time. taking losses is part of the business, taking huge losses puts you out of business.

Cable Update (GBPUSD)

cheers is good practice to post charts. makes it easier to discuss our thoughts. you're right. misread his response. hey Nav! watching same area. still think we have a bit more to drop before the next bounce.

Cable Update (GBPUSD)

how about posting a chart to show us where you think support is if you disagree.

Cable Update (GBPUSD)

let's see if we get a bounce here...

Cable Update (GBPUSD)

watching same thing. patience.....

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

corrected chart — closed my long +35. still not convinced we're finished with the bottom yet. 1H TL a better bet for longer term move upside.

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

not really a H&S. you need an unbroken neckline between the left and right shoulder.

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

pullback at 129.28. looking for test of the 1H LTL next.

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

still a bit early for longs. has room to drop. 129.3 or S1 129.18 perhaps.

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

Take a look at the GU Daily chart. LTL held, currently trading above the 200ema. Potential test of 15520. If we break below the 200 (15437 support) I'd possibly consider shorting....

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

chart — if we breakout downside from here, could test 128.8 area again, but watch for the WS1 129.4 for potential bounce. looking to load long after this drop plays out. Averaged DP is 129.8, DPP 130, if we break back above this area, should ...

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

Hi Karmo, It sounds like a great idea. I'm doing something similar at the moment. Here's a compounding plan I'm using as a basic guideline. I have something else in excel I can mail you if you like that you can customize to fit your trading style, ...

Karmostaji's Journal

closed GY/GU longs here +47, +29 Will go back in after pullback, not taking chances on this retrace, booking each leg of the move.

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

if we get the H1 TL breakout, see what happens 15380 DPP first. turning bullish lower TF. this H1 close may tip us towards a retrace before the next leg down. 15450 upside target.

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