Haha bet you did Not sure what bear flag is, but the term flag and what to expect/look for in most cases (after flag-pole is stated) is continuation of trend. We have the flag-pole to make this a valid flag, as stated on 1h chart. Also, don't get ...

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

"BOJ: The Bank of Japan ends its 2-day policy board meeting today with a no-change decision expected to be announced around 12.30 JPY time (0330 GMT)

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

Glad to hear Karmo Allow me to add, malcolmb14, I'm not 100% sure Dr A. Andrews would agree with your drawings. Remember that the medium line should act like more like a magnet to price rather than S/R. Also note that price broke outside without ...

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

1h trendline(s) still intact. Flag formation on 4h which could provide a large move if broken, either way. As someone have stated before in this thread, it can be hard to predict which way GJ will move, although a trading-plan + patience should do ...

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

Well done ! 1h triangle didn't play out 100%. Fundamentals stronger than the technical aspect due to news ? I would like to see a breakout from daily support-line.That could provide more selling of audusd, IMO. As we speak, looks like we're going ...

AUD/USD

Looks like your only trade was quite successful then ! I mostly look at what level/price different patterns could occur. But some patterns favors breakout to the downside/upside according to statistic. Exp; if you get a pennants formation in a ...

Drawing correct resistance and support-lines

Yeah he was spot on with that resistance. Not taking any position before 1h chart is safe ; With this lines we have ascending triangle. So, looking for a break above here. Edit: Hoped this break would occur before London session closed, so, not ...

Drawing correct resistance and support-lines

Well done, easy pips ? S/L at BE you say. Remember how fast market can turn around make sure you don't give it all away !

Drawing correct resistance and support-lines

Always do when you have +15 or so IMO! Don't make a winner turn bad !

Drawing correct resistance and support-lines

Good news for bulls, IMO;

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

Don't have any resistance until 2.0106 which is monthly resistance

Drawing correct resistance and support-lines

Apologies to those offended; "Most people buy stocks (read forex) like they buy fruit. They look at it, perhaps sniff on it, and plunk down their money." Don't understand it ? You will someday

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

Ascending triangle on 1h. Statistic, a breakout to the upside is greater than downside. But hard to tell the outcome when we have so much news approaching.

AUD/USD

weekly

Drawing correct resistance and support-lines

1 way to calculate expected pips from breakouts ; Simply, when you draw triangles etc just count the pips at the gap.

Drawing correct resistance and support-lines

Right now I'm sniffing on a opportunity on GJ. Price is wedging downward, and a break of 206.15 would generate a fall down to resistance-line, IMO.

Drawing correct resistance and support-lines

Seems so. I would like cable to establish above .9961. Currently level is very interesting; previous high this year, so a break of this could provide a good opportunity, IMO

Drawing correct resistance and support-lines

Closed mine now, will join you for a re-buy if price hit down again and bounces of TL.

Drawing correct resistance and support-lines

Well spotted. Hadn't noticed myself, too busy on eur/usd right now lol

Drawing correct resistance and support-lines

Patience, still want to see if it holds

Drawing correct resistance and support-lines