Dont try to pick bottoms. Wait until you get a buy signal. Eur/usd and gbp/usd are sitting in the weekly 5 sma lows. Let it resolve and set up.

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

I took profits on my short aud/usd, gbp/usd, and eur/usd ahead of news. I will wait for the next set up.

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

eur/usd head and shoulder forming the right shoulder now. If completed, she will tank. 1st target is a double bottom.

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

I called it

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

I tried to tell you guys

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

amen gene22 I have been telling these guys this for 2 days now.

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

me too for now. i closed all my trades until tomorrow. Let the dust settle a bit.

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

you are correct for today. we will get a good trigger shortly when the beige book is released. After triple interest is paid things may be different. I am projecting a longer term trade and you are projecting a short term. We could be both correct.

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

you are correct. Until we see a breakout you can make pips in either direction.

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

clouds, look at your price action. you see a pin bar followed by a rise then you see an evening star reversal pattern. Price action shows trading below the previous candle.

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

the weekly 5 sma low has already been breached and retraced up. She is giving you a signal.

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

higher lows and lower highs means a breakout is coming. she could retest 1.98 to the upside before the big drop. But i need to see a break of the trendline to trade it.

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

ageement is pointing in the same direction above or below 100. on the same time frame.

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

see that weekly white trendline? i would be bullish on a break and close above it. She is making lower highs for now. 10c and 14 c moms are very bearish.

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

the weekly candle is still in progress. so you cannot go by the recent low until it closes.

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

Look at your weekly cable chart and you will see weakness.

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

all 4 moms agreeing denotes a strong trend. Candle closes in relation to the 5 sma channel is what i look at. I added 5c because I trade the weekly charts. I use the 1c mom at the open of the candles on all time frames. Different time frames relate ...

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

new 4 hour candle is not bearish. 4 hour 5 sma low still holding. My moms are showing mixed signals. range is getting tight. breakout will come later.

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

hourly is actually showing a flag formation testing the downside support for now. I am still standing aside until I see a longer term sell signal.

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

1.5570 area for eur/usd, which is a 38 fib and and the daily 5 sma low. Above that 1.5630/50 area which is a 50 fib and 5 sma. for cable, it 1.9650/1.9700 area.

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