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

I agree bro but only 4 hour
1 hour is bearish daily mom down weekly mom down
so i cant just relay on 4H
only a couple of minutes to go for 4 hour candle
we will see.
but to me i always have daily mom in my mind

Thanks. I knew they were delayed a bit but not that much. Dont refer to it that much , but glad you pointed it out. Thnx

i think they are going to acquire more ahead of
MPC Meeting Minutes..am still bullish to 163.120--as long
as the testing doesn't prolong itself--

Good point of view, what your target before GBP news? 1,6440?

[01:32 GBP/USD: Some GBP Selling Noted On Cameron UK Debt Warning] Sydney, August 19: The GBP has broadly weakened in the last couple of hours with the EUR/GBP moving up to 0.8555 from the opening level around 0.8538. Traders say that UK press reports saying that Conservative leader David Cameron has warned that the UK government could default on it debts - has sparked GBP selling. The GBP soared across the board yesterday to be the best performing currency following a higher UK CPI than expected. Cameron is quoted in the UK telegraph as saying: 'You can get to a level of government debt where, not that it becomes certain that people will cease to lend you the money, but you start running the risk of them demanding higher premia, higher interest rates'. 'Or you run the risk of not being able to meet your obligations.' -- [email protected]

some hope for the trapped shorts perhaps==let see on 1hr/4
geppy, if they are allowed to breakeven

I'm more interested in hearing from Malcombs newfound price swing trading skills.

your call for Cable back down to 1.63 was virtually perfect. What about your call for 3k pips down now that you've seen more of the PA?

good call...hit it to the pip almost on each side!!

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Some hidden bullish div for the short run anyway. Could take us to a good place to short

sure how about this ....perfect symmetry of moves

trend is down ....

Definition:

Gravestone Doji is a pattern in which the opening and closing prices are at the low of the day. The Bearish Gravestone Doji Pattern is a top reversal pattern. It appears during an uptrend representing a possible reversal of trend just like its cousin Bearish Shooting Star Pattern.
Recognition Criteria:
1. Market is characterized by uptrend.
2. We see a white candlestick at the higher end of the trading range in the first day.
3. Prices open with a gap and we see a Doji with no lower (or almost no) shadow on the second day.
4. Upper shadow of the doji is usually long.
Explanation: Gravestone Doji after a rally has bearish implications for the following reason. The market opens on the low of the day. Then prices start to rally (preferably to a new high). The rally cannot be sustained during the day and prices plummet to the day’s lows meaning trouble for longs. The Gravestone Doji represents the graves of those bulls that have died defending their territory.
Important Factors:
The Bearish Gravestone Doji Pattern has more bearish implications than a Bearish Shooting Star Pattern.
The longer the upper shadow and the higher the price level, the more bearish the implications of the Bearish Gravestone Doji Pattern will be.
A confirmation is required on the following day to be more certain about the bearish implications of the Bearish Gravestone Doji Pattern. Confirmation may be in the form of the next day opening below the Gravestone Doji. The larger the gap the stronger the confirmation will be. A black candlestick with lower prices can also be another form of confirmation.

Yes thats where 5 wave count is...Or aN ABC set up from TOP.. But can it be that easy??

I think some thing is going on here..(160.93)

AT 154.73.. it could get really Bullish.. Pa and Divergence will tell. 152.28 is another interesting PLACE.

At this 155 level we will have a Cup and HANDLE formation..

NOTE beside our Bias And Wave count... we are making lower LOWS... and LOWER HIGHS... that usually means 1 THING.!!

If we dont see 159- 160 .this week... we will see 149xx .

Welcome back.. Hope every thing is OK.. with you..

Are we in the eye of a massive hurricane thats going to happen?

GBP CBI orders dont have much impact..
as far as 16600 holds i am short 16350 is my target
sure stops are wide too but that's my target..
gbp/yen my target is again 154.00 then i will see where it goes next

dont take my advise..
As auslanco always said " Trade at you own risk"

Where did you see this Grave stone DOJI.. on charts ? what time Frame?

Everything is Pointing Down...QQE...macd...even RSI,,,

Guess it took 3 hrs.. still 156.10 not Broken.. Cause its sitting at 50EMA.. Daily..

this is a time to go short

tf 4hours and also Bearish Engulfing Pattern on weekly
Definition: Get the highest rated stock from Americanbulls for this pattern >>>
Bearish Engulfing Pattern is a large black real body, which engulfs a small white real body in an uptrend (it need not engulf the shadows). The Bearish Engulfing Pattern is an important top reversal signal.
Recognition Criteria:
1. Market is characterized by uptrend.
2. We see a white candlestick in the first day.
3. Then we see a black candlestick that completely engulfs the real body of the first day.

dont see any GRAVE STONE DOJI.. anywhere on 4HR..??? Matter of fact ever... so far..

Are we talking G/J??

There is no Bearish engulfing on Daily as well..

Weekly seems like ... but its not..IMO..