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

my view
& gy-1d - possibility

The pair is in a small range now. There could be a possibility to buy at support and sell at resistance. However, I guess the pair will break out of the range tomorrow. Not sure about the direction yet.

I closed the last 50% of my USD/CAD from Sunday for 140 pips profit. The first half was 185 profit. Petting myself on the back for that trade.

Wormboy, are you still in there? Let me know.

I took a small long in GY @ 134.36. I'm not so sure of this trade but it is just based on the Gann flip 2 hours ago.
We'll see about that one. No sl for the moment but we'll see in the next few hours if I can put a reasonable stop somewhere.
Currently 9 pips in the green.

Bel, congratulations with your great trade shorting GU

Shamu

Sorry, I forgot the chart that goes with it.
4 Hour chart

MACD is turning, Momentum pointing up and QQE pointing up.
Stoc still very low, waiting to point up.

On my Oanda chart, Stoc is pointing up already, but I trust this chart better.

Shamu

H4 flip and point going up and Daily Gann may hold it. So i stay flat till i see Gann on the same direction.
GL bro

hey bro! can you please explain to me Gann - is it an idicator as in gann lines?

how do you use them?

thanks

Yes is an indicator, use as support and resistant

we have now reverse from the daily triangle
134.42 , 134.36 our flip area so keep eye on this area, could be RES or SUP


Good luck

the 4th microwave may be

trading GU atm, not trading GY today. 135 looks reasonable topside though as interim target. US retail numbers coming. can't imagine these being good.

Is reaching month [email protected] if break and close above is trigger for long, else stick to bear side.

It could break, not sure as of yet but closely following

Yes, is near break . Be looking for 135.12 there. GL

VERY Dirty Pattern...One can only Scalp here...

Double Bottom and now Double Top...

It will break upside....and then Fall back.. not confirming Double Bottom....

The only way I can trade this by counting waves on 5 minutes chart...

So far we have ABC - ABC --(WX- Y is about to happen.) After that we can have 5 waves down.. taking the last low out 132.77.. Pattern would be 3-3-5

Or we can see 3-5-3.

To simplify things.. I will be scalping from 1 hr chart..keeping support and resistence in mind .. + Fibs

In order to take entry I am down to 1 MINUTE chart...lol...

I can see on the Chart..we may retrace the whole move up.. to 137.74..

Over all My Bias is UP after few whipsaws...

I'm a little uncomfortable on the lack of a touch to the bottom channel. Each other previous touch has been definitive and retested, providing more rigid confirmation than the top of the channel. A sign of strength on that 1.5556x floor and convinced buyers? Perhaps. The H4 candle just finished and looks bullish, but needs a slight retrace. Don't have an entry yet, but will be looking for a frankie fake out down to perhaps 1.559x. But it's Friday, and something tells me things will get spiced up.

If GU looks like a confirmed long and we get through the first few hours of London, I'm hoping bad US news launches GU some more. Am bearish in EURUSD and looking for an entry below a contained 1.292; possibly might reach for 1.3 in which case longing is feasible. There's a plethora of EU news coming in the next few hours, so it'll be extremely tricky to trade, while GU should be simpler. Still not crazy about GY. Just a little worried where UJ is going next and the impact on our sterlings.

EDIT: Added chart w/fib I believe we're following, to get to 1.572.

I am sure this will go up

last two days was cleaning up work to catch hold of all the longs before

Bear in mind that GU dropped over 400 pips from the high and the bounce thus far has been pretty anaemic. Same applies to Euro.

We're not seeing Sterling strength, it's more Yen profit taking IMO.

I have a small GY long, but have trailed a stop. I fully expect we'll see another test of 133.

HI view we just touched the EMA 100 there is going to be res but end of the day it is up

Today is Friday, the 13!!!

So ..........................???????????????

What do you want to say with that?