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

Quoting lilmoe

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btw, UJ is just warming up. 4h bearish divergence confirmed with a 4h gann cross. GJ might not stop now

I LOVE BEARS

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Quoting lilmoe

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we're currently at 38.2 of the last major rally from 208-215.80. if taken out, we might get to 50% (211.92), and yes, that would be of high chance to retrace up.

the 1h TF is oversold, but m15 and m30 just got out of there oversold state. makes me think the fall aint over yet. but it also could mean a bullish divergence.

i'm thinking we might bounce off 50% go back to 213.70 and down again. if 211.92 doesn't stop this bear, then say hellow to 210.68 AS A SMALL STARTER: because that would make the same exact weekly pattern as the one i posted last night that happened in may 1999

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Quoting lilmoe

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btw, UJ is just warming up. 4h bearish divergence confirmed with a 4h gann cross. GJ might not stop now

I LOVE BEARS

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Quoting Rustyyy

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We could see more movement down tonight in Euro session and into tomorrow us session.

Prelim GDP for GBP. If weak it will weaken pound.

All kinds of USD news tomorrow a.m.

None of it looks to be good this time.

Just a heads up.....

Also, VIX spiked today.....

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Quoting Vfforexlee

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Exactly what I'm thinking. I'm long from 212.94 and I'm thinking there will be a pullback so I can close that and then load my shorts there at 213.7. Good decision, lilmoe?

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Quoting lilmoe

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btw, UJ is just warming up. 4h bearish divergence confirmed with a 4h gann cross. GJ might not stop now

I LOVE BEARS

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Quoting belekas

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hehe AND it also broke out of the rising wedge on 1hr chart ;-)

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Quoting dogberry

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true! and the cable has lower lows on both price and MACD, which is bearish. So both G/U and U/J are pointing down.

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Quoting Rustyyy

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All kinds of USD news tomorrow a.m.

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Quoting pr0spero

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It is more than clear to most that the pair is taking a breather , driven by moves in cable (E/Y and U/Y have barely corrected 100pips)

so all this talk of unwinding is irrelevant. Buying here is much safer than looking to short.

Take a look at your posts and see how many are only "happy" when it drops and sad when it rises - this reflects an underlying bias, which is , I suspect, driven by the fact that drops tend to happen faster, hence give people the impression that they are an easy way to get rich quick, whereas rises tend to take longer and drag their feet as they go - and people are impatient (most are very young so no surprise..adrenaline rush baby!)

Beware of trading for the adrenaline fix! It's bad for your account

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Quoting Scrat

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i think the same way.
i wanted to show everyone 2 charts: a daily and an h4.
the main direction is clearly UP on daily, look at macd lines and look at the trend line.
now take a look at h4: we are clearly during a retracement; there is a huge hidden bullish divergence, and price just tested the same trend line it broke yesterday. it is also at 38.2 fibo... so my guess would be to watch closely h1 and enter on a regular bullish divergence confirmation.
i don't think there's much more room down from here. it might as well range for the next couple of days, but my opinion is that we will see 216+ until next week.
i will become bearish when i see the daily trend line broken. otherwise, i will keep buying dips.

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Quoting Infinity

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here's a gu chart for ya....

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Quoting Scrat

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i think the same way.
i wanted to show everyone 2 charts: a daily and an h4.
the main direction is clearly UP on daily, look at macd lines and look at the trend line.
now take a look at h4: we are clearly during a retracement; there is a huge hidden bullish divergence, and price just tested the same trend line it broke yesterday. it is also at 38.2 fibo... so my guess would be to watch closely h1 and enter on a regular bullish divergence confirmation.
i don't think there's much more room down from here. it might as well range for the next couple of days, but my opinion is that we will see 216+ until next week.
i will become bearish when i see the daily trend line broken. otherwise, i will keep buying dips.

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Quoting Scrat

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i think the same way.
i wanted to show everyone 2 charts: a daily and an h4.
the main direction is clearly UP on daily, look at macd lines and look at the trend line.
now take a look at h4: we are clearly during a retracement; there is a huge hidden bullish divergence, and price just tested the same trend line it broke yesterday. it is also at 38.2 fibo... so my guess would be to watch closely h1 and enter on a regular bullish divergence confirmation.
i don't think there's much more room down from here. it might as well range for the next couple of days, but my opinion is that we will see 216+ until next week.
i will become bearish when i see the daily trend line broken. otherwise, i will keep buying dips.

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Quoting ephisi

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Scat u are very correct. i am actually waiting for a long also . no shorting at this levls.

One thing you fail to acknoledge is that if we get a close below the daily 5sma then we amy actually test the trendline 2morow.

so i am thinking of a retrcement up on a long for us to reshort,.. b4 a final buy towards 217 to 219.
what ever the csse is. i just trade what my chars says, so am waiting for my chart to tell me to lo ng. cos there are regular diverge on so many TFs/

One love bro

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