but u/j does have strong resistance at 92.6
it will be hard for g/j to go up unless that's taken out.
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedKeep thi in your "hip-pocket". . . Price will swing on a daily. . . We have touched daily S2 with a dip below to take SL's. Daily S2 is 131.68 where we bounced 200 pips up. . . Daily S1 is 133.04 which we currently trade above now. . . a close above daily S1 will target DPP @ 134.54. . .
The daily swing Daily R1 IS @ 135.9 and weekly R1 is 136.91 and weekly 5 sma is 136.60 area. . . so we could spike up but as long as we don't get a daily close above 135.88 we will swing lower back down in 5 waves to 125 based on weekly chart. . .
Ignored
DislikedWell this morning I see that we have an ascending triangle so if we go with the notion that price action will break this top in a bull run then we should see that in the beginning of the London's session....hmm...looking at other pairs I see triangle formations as well.. EUR/USD is bouncing off the low of one at the moment as well as EUR/JPY breaking the high of a pennant on the 15 minute chart...
Maybe a retest of the high in the triangle is in the works at the moment for the London morning.. A good R/R/ trade for the morning is to go long below...Ignored
Dislikedi was just about to post this ascending triangle stuff, plus 133.10 is a strong support too, i guess we are going up to 134.30ish again, lets see what will happen there, probably break up for 137.50-60 (lenght of the triangle blabla) , dunno.Ignored
Dislikedwhat about macd divergence on 15min chart? it seems like it's gon' break up. i'm short biased but hedged my short positions 1 to 1 until some other high.Ignored