Auslanco - GBP/JPY and GBP/USD (newstrade)
oyyy 3ainy! Will you be my kookoo-head?
amen! like we posted yesterday also.
no need to get bearish sucky fucky here too early. today's close will offer much concise. just check the daily charts and see what happened the last time when we hade such a wide spread break through 139, on even higher vol....we had a bottom reversal.
peaches suggested the same patter we had back from the drop from 197... we had 4 small daily candles afterwords with lower lows... u think we might get the same patter? who knows!
but it's different. yesterday's move stopped out a major support. that impulsive daily candle that dropped from 197 stopped 400 pips above major support... we also have that broadening top formation, and we're STILL not closed below a broken daily TL, which makes this a probable retest/bounce scenario.
the only thing that i wished to see is a bullish div on 1h or 4h charts, which we don't have, and that's why my bias isn't bullish as of yet either. But I am cowish
also try the 4h chart... a failure to close above that upper TL (zoom out chart shows how it's placed) with a bearish div on macd and strong CCI fight with the 100 line, made this 400 pip move down on YM pretty obvious... but GJ down 700? damn. lol...
here's 4h chart followed by a zoom out. bullish HD starting to form on the 4h too, if 38.2 doesn't hold this from going down, [i][b]then my system's target is daily gann at around 8100. if GJ follows YM this time, then a YM move down to daily gann should yield the lower TL of the broadening top i...
well, we did get that bounce from daily gann (which also was a 50%'er)... went for a YM long there... at least YM respects bullish HDs
if YM closes above 4h gann... we might see some serious reversal on GJ's side.
why putting salt into my wounds? ES long 15 points ago which would be ym 8140...but..forget to turn off bail-mode...
Hi Lil Moe. Is there a hidden bearish MACD divergence on the 5m right now? I suck @ hidden divergences LOL
