Enjoy,
Andrew
Andrew
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Technical Analysis by MPFX.pdf
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Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedFinal Chart. I-2-3 Bottom.. Tripple bottom... Inverted Head and Shoulder.... Whatever you wanna call it..Ignored
DislikedMy take on GJ is that we see a very large down move in the near future.
The UK has lost its AAA rating and the GBP is getting stronger ? makes sense NOT. Imagine a government losing its AAA rating . That means debt is just going to cost the UK more. So in order to compensate for the additional expense just print money seems the logical thing to do for the Uk Government.
On Friday we saw a rise to test 151 on NO volume . Typically if pros are bullish and want to move it up thru a resistance level they will rapidly mark up price on high volume...Ignored
DislikedMy take on GJ is that we see a very large down move in the near future.
The UK has lost its AAA rating and the GBP is getting stronger ? makes sense NOT. Imagine a government losing its AAA rating . That means debt is just going to cost the UK more. So in order to compensate for the additional expense just print money seems the logical thing to do for the Uk Government.
On Friday we saw a rise to test 151 on NO volume . Typically if pros are bullish and want to move it up thru a resistance level they will rapidly mark up price on high volume...Ignored
DislikedFinal Chart. I-2-3 Bottom.. Tripple bottom... Inverted Head and Shoulder.... Whatever you wanna call it..Ignored
DislikedI've looked at my daily chart and I can't for the life of me see a triple bottom. What I see is a triple top and price touching the 200 MA.
Combined with the Doji and star this should go down next week IMO.
AttachmentIgnored
DislikedIf i were in a long trader on GBPUSD i'd rather start looking for opportunities to close it and enter short for a nice rideIgnored
DislikedJust remember what happened for USD/CAD....tried 130.00 level 3 times....tanked beautifully after that....Similarly, GJ has tried 151.00 level trice...You draw the conclusion...Ignored
DislikedWe will find out end of this Year. Where this Wave 5 will End. This is not the first time this will happen.Chart Pattern repeats over and over again!Ignored
Dislikedwho will buy gj from 150 level, i dont believe that and my cent will not trigger such position.....all we saw on friday is not the hand of pro because gj move with low volume 151.. i take this as a restest for the down trend but looking at the monthly chart we could rise so i am looking to buy from 147-146 area next week.
weekly is showing bullish engulfing but i am expecting gj montly candle to hit 155 if we gonna crash soon...trade ur chart this is my own opinion, i can fully be wrong.Ignored
Dislikedwho will buy gj from 150 level, i dont believe that and my cent will not trigger such position.....all we saw on friday is not the hand of pro because gj move with low volume 151.. i take this as a restest for the down trend but looking at the monthly chart we could rise so i am looking to buy from 147-146 area next week.
weekly is showing bullish engulfing but i am expecting gj montly candle to hit 155 if we gonna crash soon...trade ur chart this is my own opinion, i can fully be wrong.Ignored
DislikedI am inclined to think that we may be retracing down as well. On Friday, someone mentioned a possible retrace back to the 145 area, and then from there a test of more high levels, like 155 or 160 area. It would be great to ride this thing down to 145 or 146 area before it makes another high.
Currently, I am seeing the GBP/JPY is up in pre-market, but by the time the mkt opens, it is possible that the profit takers, will come in and we will go lower. The link below shows the current price on GBP/JPY. Happy Trading Everyone!
http://forex.tradingcharts.com/quote...ish_pound.html...Ignored