hi Jhon, I hope your trades are going well. Here's a possible scenario on the weekly/monthly (and also why this resistance area is proving hard) If we can close above this area, there's a lot of room to go up. How this week ends will tell a lot. ...

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

second partial TP 142.07. +105. set the rest of this trade on autopilot, TS +60, and final TP at 141.15. (hopefully she'll make it down there) MS3 and 78.6% 141.8 area may prove tough. no computer rest of day, so will find out tomorrow. have a ...

The WoRmHoLe

cheers mate at least GY/GU playing more nicely this week. resistance held and we broke through 143.1, 142.7 as expected. partial TP at the 61.8. +70. after this correction, looking for next leg down 141.8/141.

The WoRmHoLe

nicely done! not much time to post this week, but here's a quick chart w/ next breakout lines I'm looking at. support is pretty strong GY atm. expecting a bounce up to test prior support as resistance first, if resistance holds and we can crack ...

The WoRmHoLe

here's a 4H est chart for an alternate view of current GU PA. direction still not sorted. just scalping this tiny range until we break out. leaning short.

The WoRmHoLe

out here at 15482. +30. book some pips to start the week. will go back in after we retest the TL. no big risks. only trading when a clear opportunity presents itself. want lots of nice small profits to close the week +800 points.

The WoRmHoLe

GU long above the yellow TL 15450 area, short below the steep white TL 15400 area. Waiting on the breakout. CU London

The WoRmHoLe

I'm in the same boat so I can't be sitting on my hands either. In terms of flexibility, it's difficult to shift gears sometimes. Last week we could hold out on longer trades. This week not. anyway, on to the next one. looking to finish the week out ...

The WoRmHoLe

clear as mud — doing nothing atm sounds like a plan.... both GY & GU could go either way from here. 143 holding on GY at the TL, but not chancing a short yet. GU TL is at 15320, and 1530 holding for the moment as well. I'm still favoring a ...

The WoRmHoLe

short stopped out at DPP earlier. we've broken above the wedge so may go north a bit from here. overall PA is still sideways with some tough resistance in this area, so my current bias is neutral until direction is sorted. watching 15280, 15300 ...

The WoRmHoLe

lol that's too good.. saw your post after I tossed mine up. (looks ready to go, but taking it's sweet time about it..... )

The WoRmHoLe

when we break under 15197 I'll join you. time to get the mojo working... lol video

The WoRmHoLe

the 4H 200ema as been like glue since April 2nd. we should break out of this range soon, (I'm leaning short). no position trades, just open and close each time we hit the edge of the triangle. when we actually break out, it should drop it like it's ...

The WoRmHoLe

Thanks for explaning. I wasn't sure if you were estimating off the lower TL or an EW wave ratio. This area makes a lot of sense if we get below 139 and break 138.2 support. For now, we may just consolidate around 143 until the BOJ Press ...

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

hi Q, In terms of a bounce area within the price zone of wide body candle on the weekly chart, 139.3 still seems like a decent target. (I'm a day trader so we may be looking at the charts a bit differently at interim TP targets) If we do drop lower, ...

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

All good points. 141 also represents 50% of the weekly wide candle body from the prior move up. A close on the weekly below this area would be significant for continuation of a larger move down. I expect this area to provide some decent support. ...

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

horses for courses — hi Raza, I'm looking at the same levels as you based on the larger move from 132.3 to 144.88 on an alternate chart. The chart I'm posting is based on a retrace from the prior low of 134.56 to 144.88. My experience is on a ...

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

Booked partial profit at 23.6% 142.47. Next downside target 141. (38.2% / 140.94) Will have a bit of work chopping through the 142 area to get there. Not expecting to bounce yet, but just in case we do, keeping an eye on 143 on the upside, if we ...

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

143.6 held like a charm. Once this TL goes at 143.3 we should gain momentum. edit: There we go. Broke under right on the hour like clockwork.

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

lower TL holding for now. break below 143.3 we keep dropping. we may test 143.6 as resistance before continuing down, if we get back above, then that's it for the bears for the moment.

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