There will be more retracement before dropping.
Commodities is leading the rally..
Good Luck..
Commodities is leading the rally..
Good Luck..
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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
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DislikedA daily close above gann will yield higher price with a bounce off 141.88 up to 145.06-145.52 1st stop. . .
Watch the daily close today. The weekly chart is also suggesting higher price all the way back to 147.15 to start - so I would keep tight stops for those who are short. . .
Also I wouldn't suggest chasing shorts at the price level. . .Ignored
Dislikedmy thoughts about current situation on g-j.
- overall trend is bearish. resistance levels are as marked on daily chart: 144.04-144.60 area; or 148.30 area; or even 150. only above 150 we can talk about the possibility of a trend change.
- short/medium trend is bullish. which is great, because this eventually leads to a very nice profit opportunity. see above what areas to watch for possible shorts. ALSO KEEP AN EYE ON CURRENT SUPPORT AREAS: the most important for now is 140.90/141, then 139.80...
one thing i would like to point out: there seems...Ignored
DislikedI'm expecting bullish PA for GJ is underway for the opening London session: from the bottom reached ~45 min ago (140.7), UJ has retraced upwards a uninspiring 10 pips, but GJ 43 pips upwards. That's a better than most of last week ratio of movement between the two, and one sign of a possible reactionary uptrend relationship. UJ has crucial support @ 89.9 and should be watched for impact to GJ. EURUSD has moved 37 pips up during that time, and is the prime motivator for GJ.Ignored
DislikedWe finally got the bull rally during today's NY session - was surprised to see it so quickly pop 150 pips. During the past couple of days, the fact that GY did a good job of respecting lows, was indiciative of at least some buying - there was just too much activity/volume there for it's time spent there to be insignificant. The current PA, and the oversold nature of GY, combined with the abundance of over-negativity over the past weeks, will give us more of a retrace up to 143.6, to the 76.4% bounce off the bottom. I am currently out of my longs...Ignored
DislikedThis PA today have set the tone for the market this week..
If the Daily TL breaks than 143.00 will be the first stop..
The 50EMA is around the 144.50 zone (50% fib level)
The 200EMA is around the 148.00 zone (76.8% fib level)
I believe the fundamentals cooled down for now with the Greece crisis and the market will possible rally the full retracement..
Wait and see.
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DislikedHey rgitt,
I use the 200ema and 55ema, even if i change the 55 to 50, ema lines arent anywhere close to the fib levels. the 200ema is about 100 pips above the 78.6% and the 50ema is about 50 pips off from the 50%. is this just because of the difference in broker?
thanks.Ignored
DislikedWe have different brokers.. The best thing I can tell you is to trade your charts..
You will do better following your charts... Follow your fib levels and S/R
Lockin the pips..
I believe wednesday PA will be consolidating until the FOMC again..
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