is it ready to go down ?
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Questions About Auslanco's Trades 72 replies
DislikedStill stand with my theory but revisiing the up move to 180 pips which, takes us to the weekly pivot as Q has referenced already.Ignored
Dislikedlooks like its havng trouble with the 38.2 fib right now. being patient but not sure it can get up and over it. IF it can than still similar target. Tight SLIgnored
thought the 1h was due for a down hour after that many up bars, looked like it had stalled at 157 with a load of resistance just above, saw it comming down a bit so thought it worth a pop for a quick few. i want to see what it does just above 157, seems to me a whole load of obstacles between 157 and 157.50, and if it gets past em on the way up, its got to do it again on the way back down (although im not convinced its going to go back down, we shall see).Ignored
DislikedToday's whole move was based on GBP on my opinion it may reverse very quickly.
gbp/yen completed 38.2 retracement.
200ema 4h rejected
stop level reverse rejected also.
i am shorting from here..Ignored
DislikedYes, I expect a sizeable downside move to happen over the next couple of weeks. . . That's why poistioning now is critical instead of waiting for the move to happen then chasing price. . .
Just take a look at the 4hr chart - lower highs and lower lows - Very typical of a bear pattern. . .Ignored