Short at your risk. I'm not sure where to target if I short here. I'm only looking to buy targeting a few hundred pips. Hourly closed below the gann but barely. Price Action looks "iffy".

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

Wait for the hourly candle to close. The buyers may step in at the last minutes and close this candle above 142.40, which would also mean the 4H candle does not close below the gann. So this is an important close.

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

Battle of the pivot. So far still no hourly candle closed below the daily pivot. It seems there are still plenty of buyers and they step in usually near the end of the hourly candle. If hourly closed below the daily pivot, it would so the buyers ...

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

I think 142.78 should as far down as she will go. This beast is still very bullish. Any dip is being bought very furiously. We may see higher highs tonight in London. If not, then it should be within this week. I think it's almost easy money if I'm ...

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

If GU breaks the daily 50ema at 1.4366, then look out above. This is a must if GJ is to break 141.50. I think UJ will recover soon and resume its uptrend. Once UJ and GU moves in the same direction, it will be extremely profitable trading GJ because ...

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

Who farted? lol...

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

If this hourly candle closes above 137.40, I would be very careful with shorts. I'm looking to go long. Price could reach the 50% fib level at 135.90 before bouncing. I will go long half position if hourly closes above 137.40 and buy limit the other ...

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

No, you're definitely not the only one. I'm up well over 100% in the past 4 months. I'm planning on managing million and billion dollar accounts in the future. If you're able to keep up your rate of return consistently, then the sky is the limit. I ...

Am I the only one ?

As strangely as it seems but we could see 141.50 broken tonight during London. If not, it should be broken within the next 3 weeks. Then the next phase of consolidation will continue. Between 141.50 and wherever the next strong resistance will be, ...

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

Hey I just checked out your journal. I see you have a very nice short entry but not a very good exit. The trade has gone close to a thousand pips in your favor but you still have not even taken partial profits. If you've traded GJ long enough, you ...

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

I just made a small fortune with UJ longs. UJ is the one with a very nice uptrend. Any dip will be bought very furiously. UJ is very likely on one of those "yearly" uptrend. Because if you look at the UJ monthly chart, rallies that occur from the ...

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

Why would you do that when this hourly candle is about to close above the 138.60 level and the hourly 50ema and above the gann with qqe crossed up?

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

Looks like GJ will close this weekly "extremely" bullish again. On the monthly chart, the pinbar also played out very nicely. A low of 125.28 to a high 141.73 for 1600+ pips. I want to reiterate that last week UJ also closed the weekly candle very ...

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

Price is still well within the upward sloping channel. I would be worried only if the lower trendline at 137.90 is broken, then price may go as low as 135.60 to retest the daily 50 ema. I'm long half here 138.50 and buy limit the other half at ...

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

GU bounced off the 50% fib to the pip at 1.4382. Now it's ranging between the 4H 50ema and this 50% fib level. I'm not sure which way it'll break. GU is very bearish as it is still trading below the daily 50 ema but then 1.42 is acting like a brick ...

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

I don't think it's intervention as the fundamentals support this move. The yen seem to start severely weakening ever since Japan's last quarter GDP numbers. Most people still don't realize that even though the US economy is really bad but Japan ...

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

Will it be a double top or a breakout? UJ "could" be running out of steam as it is approaching the daily 50% at 99 but I wouldn't count on it. Anyways, GJ could close this week very bullish just like UJ did last week and look what UJ does ...

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

My long hit tp. Now it looks short because UJ could possibly be retracing (look out below). It hit the daily 200 ema. It looks to me like GJ has tried to retest the high but failed. If it does not make a new high today, I will looking to sell ...

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

I think I have the perfect explanation. When the report about Japan's GDP came out last month, it was horrendous. I think it was about -12%. The yen has been a safe haven for investors but ever since the GDP report, investors have been moving away ...

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

136.50 isn't far away. I'm not sure if we'll break 137.90 and go to the bottom of the channel so I'm taking half a position long here at 137.90 and buy limit at 136.50. Will close if price closes below daily 50ema, currently at around 135.

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