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

Quoting lilmoe

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i guess we're getting our retracement afterall, m5 qqe crossed upwards (i've emphasized the importance of that TF before)

i'll short at 231.50 (30m 5sma)

if karmo was here, he'd slap me telling me to be patient

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Quoting lilmoe

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i guess we're getting our retracement afterall, m5 qqe crossed upwards (i've emphasized the importance of that TF before)

i'll short at 231.50 (30m 5sma)

if karmo was here, he'd slap me telling me to be patient

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Quoting Hakuna Matata

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231.70 would be evn better lol

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Quoting auslanco

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Huh.. my 30 min QQE5 is still crossed down and strong bearish.

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Quoting brucehvn

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Now don't get greedy Hakuna

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Quoting auslanco

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Huh.. my 30 min QQE5 is still crossed down and strong bearish.

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Quoting markam

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Only £4.4m left to protect UK's bank deposits


http://news.independent.co.uk/busine...cle2996169.ece

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Quoting jay9170

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Could actually hit 227 or so according to my lower trendline on the 4h TF. First lets break the 229.26 weekly support Also, bad housing numbers tomorrow would help too lol.

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Quoting Phonetic

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Went short again at 231.28 30m 5sma

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Quoting mansaf6

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As 30 min. momentum indicator was not pointing up so its not 30 min 5 SMA retracement .1 hr 5 sma IS POINTING UP most probably its going to retrace to that level .

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Quoting mansaf6

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As 30 min. momentum indicator was not pointing up so its not 30 min 5 SMA retracement .1 hr 5 sma IS POINTING UP most probably its going to retrace to that level .

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Quoting craazy

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What price is that on your chart?

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Quoting mansaf6

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Its moving indicator its value keeps on changing right now its 231.68 with me.

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Quoting my2buoys

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Check out this 4H Chart with MACD beneath. First of all, notice that price has been rejected three times by the 200EMA already as lilmoe pointed out. The 4H stochastics is overbought. This chart shows classic divergence of MACD to price on the 4H chart. By itself divergence is not conclusive but with a confluence of signals it can be powerful. The #1 example on this chart was divergence from Tuesday 9/18. Price's bottom was just slightly bearish while MACD's bottom was bullish and we had a 600 pip movement upward. The #2 example is where we are right now. Price's top is strongly bearish while MACD's top is strongly bullish, signifying a continuation of bearishness in price. The first example is referred to as classic (or regular) divergence while the second example is referred to as inverted divergence. With the confluence of other signals showing bearishness (1H QQE crossed down, 4H 200EMA rejection, bullish trend line breaks) this divergence could take us down quite a bit from here, I'm thinking to at least the 231 area. For further analysis of this chart and charts for the coming week check out the Analysis and Predictions Thread started by Aus.

M2B

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Quoting kayman

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hi mansaf
can i pm u bud ?

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