It's a weekly chart, maybe you're right but after we go downwards unless my charts change and tell me something else

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

It's a resistance level, look at 30th July, 1st and 2nd August, 241.40 was a good resistance plus to trade GJ you need cushion It doesn't even matter to me if I get stopped out for 160 pips, every 100 pips is about 1% of my account, I risk 1% per ...

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

^

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

It depends on the 1h candle's close, if it closes how it looks now, price will fall

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

image

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

Patience.

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

I'm short 1st target 237.60 2nd target 236.00

Daily GBP/JPY analysis

Each person has his own preference, if I was going to bed I would just put the tp 236.00 and go sleep lol, but that's just me

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

Patience, Patience, Patience.

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

correct correct well done ovidiu

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

SL 241.40

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

That's actually a good and hard question, I chose those two points because that TL is the closest one to the current price area, and coincidently this TL was right on 2 of my fibo levels which means this area might be a good support/resistance ...

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

23rd April 06 and 9th July 06

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

My 4H chart is telling me we are ready to head down to 237.60, so I'll sit tight and be patient until 1st TP reaches

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

correct, you're learning ovidiu keep up the good work

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

IF the 1hr bar closes below the weekly trendline/61.8 fibo/38.2 fibo , those 3 things are good enough, plus we will have a nice long wick on the candle, plus auslanco's confirmation, we will be heading down.. what else could we ask for, now let's ...

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

I shorted @ 239.74 TP1 237.60 TP2 236.00

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

hmm, wants to fill the gap? daily 5SMA is exactly at last weeks close, 240.90

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

Patience cesar, if you are bored.. hang out with free444 and soros jr. lol

Cable Update (GBPUSD)

Hala khaled22, Why not learn and understand what you are actually doing instead of just following blindly?

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