And now

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

Some charts I posted earlier this week.

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

I painted my chart with simple colours so even a child can read it!

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

No problems. This resistance had taken two weeks to build. If the bulls think they can break it in an afternoon, they will soon see my boot kicking their backside!

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

Aha, that's my analysis

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

I just make up little stories in my head about the chart patterns and what needs to occur to get certain things moving. If the smart money is now selling to the bulls then they may need to create a panic to get to 221 otherwise they will only get to ...

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

Look at this image Now turn your monitor upsidedown The thumb is pointing in the correct direction

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

As long as 238.80 holds today, I'll be satisfied - the bulls can rethink their positions over the weekend - I just hope they don't bite their nails off. The resistance at 238.80 is strong and they obviously don't realise that. I can't see 244 ...

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

Oops, duplicate

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

I'm fully loaded - 238.80 short order activated. Be back later to check progress.

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

Both! Price needs to peak first.

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

Hey you, that's enough commentating from the sidelines!

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

It hit my line. It even went over it by a few pips.

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

I'm also short EJ from 165.08 (only 1 entry). I don't normally trade this pair but it looks like the wedge has broken and price returned to retest it. Well, this is it then. I should just leave everything and come back later.

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

Well, now it has to reverse otherwise I get a slap on the face. I have one last pending order at 238.80 and my live account only got to 238.79 whereas my charting account hit 238.80.

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

Now that it has got to this point, I'm expecting 400-500 pips down. The bulls look strong though - not sure how much higher they can push it.

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

Yes, the bottom of it.

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

Zooming in. The projection of the blue pattern was another level (78.6) sitting just below the 61.8. It pretty much hit to the pip. Lets see now, that should be the reversal point.

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

The blue pattern is complete. The resistance of the sandy/brown box should hold and there are a few fibs lurking about. Enough to turn it around I believe.

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

OK, that should be the high or there abouts. Back to 235/234 now.

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