If this hourly candle closes above 139, I'm closing my short and look to go long again. UJ has broken out to the upside.

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

That last few minutes sell off prevented the hourly being closed as a reversal pinbar. I guess it's safe to say 138.60 is broken. This is a key level as it is the 4H gann line. A close back above 139 and we will see the high again but I think it is ...

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

I think more like bear trap when last hourly candle closed below 139 but then price quickly move back above it. We are still in a strong uptrend from the bottom at 118.80. Yesterday the daily candle closed above the daily 50ema. I think the daily ...

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

UJ last week closed very bullish. It closed at 93/93.30 depending on your broker. It has broken the very strong resistance at 92.50. It also closed above the weekly gann with qqe crossed up. Also the weekly chart has also formed a double bottom. ...

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

Hourly closed above the gann on my chart. Last few minutes of strong buy pushed it up over the gann. Not sure if there's enough time for another breakout. I think we'll consolidate to end the week.

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

15M closed above 50ema again. This is a sign of bullishness. So far the 15M 50ema has held up pretty well.

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

We have consumer confidence coming out in 5 minutes. G7 meeting is also today. Plus the Senate will likely vote on the stimulus package today. We could see some wild actions. Hang on to your pips.

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

Market is moving way too fast. I think you'd better have a plan and execute it quickly as price could come and go in an instant. I'm still buying dip. Trend is up because price has broken above the 4H hour gann and 1H 50ema.

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

Beast on steroid. 129.30 is a fun level.

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

If price breaks the 15M 50ema, you'd better have a tight stop because price may jump really fast during London. Good luck with your short. 129.30 still holds very strong.

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

Not loading up...lol. You don't want to sell when there are still too many buyers around. This is a good area to scalp (short, quick trade with 20-30 pips at a time). As for longer term, 129.30 is a key level. 38.2 fib, daily gann are here so price ...

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

This last 15M should determine if the 15M 50ema will hold. If price shoots up at the end, then shorts are in trouble because if price close above 130.30, we may have a broken 15M 50ema and a close above hourly gann. I may look to short if this ...

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

This is where you go long. 132.70 is about the trendline. I will buy when price hits below 133.

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

When the price is not respecting the major support such as the 1H 50ema and key trendlines, it's really hard to trade. Normally when the 1H 50ema is broken, price will drop convincingly. I think 134.50 might be breaking down soon. Let's see how this ...

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

This market really requires some Karmo patient pills extra strength. Price has broken some strong supports, below 4H gann and daily pivot. Yet there's still some strong buyers. The daily candle closed neutral or bearish as it did not close above the ...

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

This is incredible. I've never seen it go up and down 100+ pips like this. Not sure if the bulls or the bears will prevail. I guess this is a good place to scalp.

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

Sorry to hear it bro. This is one of the problems that I faced with limit orders as well. The way I solve it is like this. If the daily 50ema is at 135.90, I would put a sell limit at 5-10 pips below it and another sell limit about 30-50 pips below ...

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

Maybe you're right. I use interbankfx for charting and that's what it has. I just checked with Alpari chart and it looks like it has the daily 50ema almost exactly where price bounced. My chart is deceiving me.

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

Daily 50ema is a very strong resistance. If you look at the daily chart, price has been bouncing off this MA very strong. By strong I mean in the 1000+ pips bounce so I would be very careful going long up here. This is the point of no return. If ...

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

That was an incredible move. Price blew right past the daily 50ema which was my target for this week. I think that if today's candle close above the daily 50ema and the next few days price close above this resistance, we might actually begin a new ...

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