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

my 4hr candle closes in i3mins. my 4hr candle which was below d 4hr gann, is just back above d daily gann. what do u guys make of dis

Looks like GJ might head down big.
4hr chart looks bearish and has room to move down a bit!
We'll know if it breaks 203.45/70 area. . .

Dow's bouncing off support

new 8hr candle and momentoms

Looks like mom's showing there is still some downside left before heading higher. . .

We'll need some DJIA help for that to occur I think, Q

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but i hold my position

Agreed. . .

So you're thinking it's going up further before heading down?

I take it u r long this pair?

i'm starting to throw dice here

ya i'm long

careful bro

Good luck on your trade bro. . .

by the way guys, i still believe we have a h&s formation in play, lets wait and see how it turns out, this thing should go up a little i would say 205.7x then shoot back down, all patterns are showing downside, if 203.30 is breached then we're talking about the lower TL of the daily channel, and from there we might get a bounce.

i still believe we haven't gone out of the daily channel, where we had a nice bearish engulfing pattern on h4 signaling the start of the downside movement. usually when we're talking about channels. the third attempt to break the channel from the upside is the best short entry, patterns insure that. and that's where we get a very good chance to have the bottom TL breached, if so, our target is 185.

i truly doubt we will retest or even breach last week's high.

just my opinion, of course i can be wrong.

DJ is on DPP.[12790.0333], when (if) we close above DPP
DY bounced of Daily 50ema [205.676]

The road for upper targets is clear Above DPP [206.5633] until then...
CHARTWATCHING
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Lilmoe, can you post a chart, or Time Frame for H&S ?

tails curled, butts crossed

chart watching in progress, do not disturb

knock knock knock

the winner is the daily pivot and then continuation of the drop

4hr chart looks like the bottom is about to fall from GJ. . .
Not sure why people are thinking long at this point??????
JMHO!