Wood to chop — need to clear next 3 levels IMO: 149.00, 149.12 and 149.30. Not much resistance then until 151. ES and Dow premarket have recovered some of the lost ground and are slowly rising as is Dollar. Anyone seriously think we'll not ...

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

Don't forget the Dollar — Dollar been caned this past 24 hours and shows no sign of abating. I suspect we won't see 150 on GY until Dollar rallies.

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

Auslanco strategy anyone..? — The 4hr Gann + QQE is still bullish. I'm using a Laguerre as a filter too which agrees. The 1hr Gann QQE is currently bearish. If the 1hr Gann + QQE flips, we go astro. Just something to watch out for. Also, I ...

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

Supply at 148.50 — Hmmm,if I saw this during a normal market, I would be tempted to close some longs. I wouldn't take the risk. But, the fact we've low liquidity today and that supply is being absorbed means I'm staying long. We may have seen ...

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

lol — You'll not be so glib if this thing races past 155. He knows what he's doing; he's been long bias since 128. The longer we hang around this area, the higher the likelihood of a more sustained upmove. I'm all for contrarian trading but ...

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

Your flight has been delayed — No flight South today. Probably no flight South tomorrow either I think. Once the weather, (bank reports), clears later this week, you may be cleared for take-off.

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

4hr Gann flipped again. lol Just wait for QQE to do the same and look for upside breakout and bulls are in business.

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

Dunno tbh. It's all over Bloomies though.

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

Wells Fargo 1Q earnings/share more than twice that expected.

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

4hr Gann — 4hr Gann looks primed to flip. If it does, we go >150, possible 154-55. In fact, if we climb above 150, we might not see 145 for a while. Rate announcement will have an impact, but I suspect not much. Every scenario has been priced ...

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

142 — Well, after yesterday's bounce which was unexpected and out of correlation with the indices, seling continues from a higher price, allowing the big players to sell higher. I was suspicious that the move from 151 wasn't as big as ...

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

Agree — Yep agree. Also worth noting though is if the 1hr flips back, it's a Gann + QQE ideal entry for short.

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

strange, maybe — I don't think this bounce is anything more than a trap. A similar thing happened at London open yesterday, small bounce up followed by normal service. NY get to their desks and we bounce; rest of session is a sell. There is no ...

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

Also worth looking at the bearish divergence on both the 1hr and 4hr timeframes. It does look like some topping out is happening here, but my concern is that this morning's up bars have been on increased volume. Yes, there may be selling into the ...

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

Hmmmm — Interesting PA right now. Large volume up bars tell me buyers not done yet. Could merely be orders from Friday, but nonetheless buying strong on the dip. Shorts need to look for a decisive break above 151. No matter how o/b something ...

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

Agree — Yep, the real action hasn't started yet I think. The one thing holding UY back this last day or so was the threat of worse than expected jobs data. The data was still bad, but in line with expectations. Am buying the dips here, but ...

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

Watch UJ and ES — Is worth paying close attention to both ES and UJ right now if we want to see further upside/ceiling for GJ. ES and YM have been flying. ES will look to gain some breathing space above 800 and Dow is testing 8000. But, more ...

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

A few good reasons why this stopped at 147: 1. Whole number. 2. Previous resistance from November 26th and 27th. 3. Price hit top of channel on 4hr TF. 4. Price was at test of Daily R3. 5. High coincided with NY getting to their desks, then the ...

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

Now now..... — lol. Miaow. You will get to see who is predominantly bearish and who is bullish after a while. Lots of excellent analysis to be found here, but you still have to trust yourself more. The trick is to not be scared out of a ...

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

Agree — Yep, we're not at the top of the TL yet I think, but we'll hit resistance at around 147 first.

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