Bearish diverg — Bearish divergence on 5m, 30m and 1hr TFs. 1hr massively overbought. Careful longing here.

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

Que..? — I'm not reading all that. Can you summarise please?

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

Not short — Not short. Exited my longs and looking to buy dips.

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

Yep, bit high I think — Not sure if London will want to push this up much higher from here. I'll wait until NY get to their desks now. ES has jumped up in pre-market, but I expect this to retrace before the open. We'll see. Still bullish ...

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

62% fibo — We kissed the 62% fibo from last downmove. If we're going to retrace, it will be here. Closed my longs and will look to buy cheaper.

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

Not just 1hr.... — Big Bruv pointed this out last night; Weekly has a perfect rising three method setting up.

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

Does not look bearish to me. — Purely based on PA, GY looks set to go higher. Nearing the end of Asian session, a mini-shakeout was to be expected. Buying dips until I see reasons to sell.

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

Overbought indicator — Hi, I use a standard CCI (14) and place overbought/sold levels at +/-100 and +/-200. We breached the +200 level on multiple timeframes, but I was particularly interested in the 4hr one. Price does not often stay above ...

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

Pullback... — I'm expecting a pullback here. 4hr very overbought now and hitting resistance.

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

Important level — Flirting with the weekly open. If we break that, could see 2-300 pips upside quite easily. 144.90 is another key level which may prove sticky. I got caught in my short trades yesterday, so have hedged and added longs. Not ...

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

Took a long — Took a long in a sub account. Think we could see a big rally from here. We'll see....

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

hee hee. — lol. It's slang for a lady's 'bits'

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

Yep. — Although I've been adding shorts, I think we've more upside to this move. I also see the big bullish diverg on the Daily and the last 2 bars look like being pins. Also Daily in o/s territory. I may have to hedge my shorts if this ...

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

Next short... — Entered next short position at 140.79.

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

Yep. — It is. Know dem fibs people.

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

discretionary — Many of the trades I make are discretionary. I expected a bounce from the 38% fibo, (118 to 151), and wanted to start entering more shorts at a better price. We've had a small bounce and my bias is still bearish as the Daily ...

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

Short again — Re-entered first small short at 139.81. Will add if it goes either way.

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

Maybe..... — I would agree if it weren't for the numerous bullish divergences and O/S levels across multiple TFs. As we know though, divergences do not necessarily play out when we expect them to....

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

Closed shorts — Closed shorts here. Close enough to the 38% fibo. The LTL on the Daily has been broken numerous times this past few days, signalling downward pressure. If we get a nice bounce from here, I will re-short at a better price.

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

Important fibo — 139 represents 38% fibo retracement of total upmove from 118. Price may hang around or bounce at this level before going lower I think.

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