the 1h chart I posted couple of posts back, it shows we broke the trendline and it is acting as support now, we just need to break 241.70 now which is being a tough nut to crack

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

I would like to see how will it react when it first breaches, but a close above it would be confirmation of going up

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

actually UJ + Dow positive close, are pushing GJ up

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

the hour is not over yet, patience

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

I don't know for sure but there is STRONG resistance at 244

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

we just broke that annoying TL that was resisting earlier at 241.70, we still need to break 241.70 though, then we're on our way to 242.70 image

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

stop trading. Take a week off, do something else, spend time studying.. read a book don't try to get revenge from the market, YOU will lose. I've been there, done that.. I blew up my first account coz I got upset and angry then I wanted to get my ...

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

I was waiting for the drop to happen so it would touch the 5SMA 4h, let's watch but I think it is collecting all the force it needs to go UP Maybe, if breaks higher, 244 will be in sight

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

that spike down was to touch the 5SMA on 4h chart, we are on our way up 242.70

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

url Here's a thread all about Candlestick formations url

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

I've been keeping an eye on the daily pin-bar we are forming, if the day ends with a pin-bar, it's a sign of upward movement

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

I would wait until we have good confirmation on 4hr chart

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

It's not, daily 100SMA is at 242.04

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

242.70 is possible with the help of UJ, but we must be patient and not panic everytime price goes up and down

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

no signs of shorts, I'm holding onto my long patience is a virtue

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

we are ranging between 240.27 and 241.70 based on 1H

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

my 4h candle closes in 45 mins

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

I'd consider 4h bullish only if we get a close above 242.7

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

221.05 is higher than 251.07?? 0 = 221.05 100 = 251.07

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

That is correct, your fibs and numbers we indeed do have a strong support at 241.75 and strong resistance at 242.70, we might range for a while.. I don't like predicting, I rather wait and see

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