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

1. here is 1H chart.. the red trangles are actualy wedges we broke on our way down, [you can see my back posts i posted last few days]
2. the circles are breakouts..
3. the gray dashed lines are targets to Upside..

If 139.20/40 doesnt hold and we break that level, then we are going UP to retest the next one, which is the 141.32 originaly the first Descendin wedge we broke, and startes the down move... Honestly, I dont believe that we even would get there, but.. "everything is possible"

Daily and Weekly are very bearish.. 4H is bearis.. 1H is bearish..
we need this retrace to resume the down move and break that 136 daily TL

Does anyone here have news from LILMOE??He has just vanished...

he will be back when things are settled in his country.

here is what we see: Weekly:

 

1. a wedge with a spike [breakout] = false breakout.. means, we are going down to retest the lower TL on weekly [we just did = 136 level]
2. Stochastics are in position to show us teh new [next] drop... have a look the last one when happend, we had a DROP of 2000 pips.. [August 2008] ... that is what we are seeing..

From here we will know where to long and where to short.

Daily chart GY

 

1. Rejection of the yellow trend line [see the weekly chart above], and we have to retrace Fibo 382 or lower, in our case we went to next support which was the next Daily TL at the level of 136
2. We made a new swing.. now.. the same story, we bounced from the daily TL, and if we want to break, the rule is simple, , we need a retrace.. again at least FIBO 382 or close...
3. Stochastics, shows us a very bearish pattern, pointing on breaking that daily trendline

4H Chart:

 

1. bounced from the Daily TL, testing 200 ema
2. retrace to 5sma on 4h
3. Stoch are on OS position, but getting out slowly.. we even may see a rejection from the TL on stoch indicator..

that is what Im waiting for.. before the drop resume again... chart:

i wish i could stay awake for the ideal entry but i have to crash. Good luck to you all, and thanks to all for your wonderful insights today. Happy pippin

cheers mate.. it is only 3:10 am here in SYD

any other night and id be right there with you mate, but i am totally shattered today. K im really pulling myself away now

any body naily with me to 139.26

there are few you can find .. here... we are all shy...

let it rest bro..see u on the pips side of life

hmmm i knew i culd always count on u...after all d pips collection,d basket wont just full.damn i love this lady

if naily means long, then yes

welcome aboad flight 139.26

I see 140.20

we are in bear flag .. flag has not yet tested 61.8 % of down move .

we may see a break down of the flag in Asia.

there is a bearish div in rsx ...

I have been long in the flag and had target of 138 .. closed a little early now waiting for good sell entry , which I think is a break of 138.30


137.33 breakdown and this is break of flag bototm ofr test 136 zone and maybe lower to 135

Damn, I shouldn't have said anything, i think i jinxed myself.