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toyboy tramp replied Oct 30, 2008
That new down trend channel looked solid on low volume, hope it stays that way. Finally thru 1hr 33 sma, 55 ema converged w fib level @ 159 Below that its a choppy descent to 150...wishful thinking and not a conviction by any means, but it might
Auslanco - GBP/JPY and GBP/USD (newstrade)

toyboy tramp replied Oct 30, 2008
Price can cancel this bearish div on 30 min tf by going to 166 in the next few hours, OR
Auslanco - GBP/JPY and GBP/USD (newstrade)

toyboy tramp replied Oct 30, 2008
theory: we've seen the top of this daily retrace from 138, declining volume coz perhaps this is coming back down, daily might form reversal signal PA (doji), tomorrow we retrace the retrace to 61.8....?
Auslanco - GBP/JPY and GBP/USD (newstrade)


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