I'm looking for price to hit down around 205.50-205.70, according to 1h trendlines. But as you mentioned, price is struggling with currently pivot (206.31 lnd)

Drawing correct resistance and support-lines

Hi again magic Good morning to all. Looking for a breakout to the upside on eur/usd. Facing 1.5300 right now, alot of resistance here.

Drawing correct resistance and support-lines

Price break out of pattern and formed a new resistance @ 207.42. Not seeing upside (short-term based) safe before usdjpy breaks above 104.15 and gbpjpy above 207.42, IMO

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

If previous high is broken, I would change my cards for bullish approach. This is the third time this support-line is tested. If broken, I think we could see massive buyings, IMO. Also notice how price reacted to daily support-line. Either way, this ...

AUD/USD

While I had my chart open; I'm looking for a continuation of this upward move to 208.47 (50% retracement level). A break from currently pattern would favor those odds.

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

I'm looking for a continuation of this upward move. 30m chart gonna decide if I'm riding along. A break from currently pattern would favor those odds.

Drawing correct resistance and support-lines

If you refereeing to ascending triangle, I have a correction on your statement if you allow me; The topline of this pattern should be horizontal and the second line should have some sort of degree on its angle. Some say it's best for downside ...

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

Let's see how far down we can go.

AUD/USD

Price landed exactly on 206.35, did you enter ? If so, excellent call That price also happen to be exactly on my TL (1h chart)

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

Gbpjpy update; Price bounced off TL by 60 pips

Drawing correct resistance and support-lines

I do, if it seems logical. This way include more of the market swings. But if some big news affected/provided this tail/shadow I would most likely not. I think this is just a matter of personal choice. I haven't seen failure in any of those two ...

Drawing correct resistance and support-lines

Agree. I see a potential for a good drop in this pair. Interesting candlestick starting to form on weekly, I assume that's why your eyes are on it?

AUD/USD

I don't have any updated lines on eurusd (gonna wait and see how price reacts to weekly support around 1.5353 and hopefully form a top there). I had 1 chart posed earlier today if you look back some pages. It's broken but it could give you a clue ...

Drawing correct resistance and support-lines

Closed half of my positions. Gonna open more when we brake above 104.15 on usdjpy (first on usdjpy then on gbpjpy if the scenario seems right).

Drawing correct resistance and support-lines

A rule of thumb; if a line is tested two times, they are most likely valid. Based on that info along with how I draw my lines (in the start of this thread) you have the answer Here is what I see on aus/usd; Price reached top of channel on both 1h ...

Drawing correct resistance and support-lines

GJ update, 1h. I most add; I have a big dejavú right now. Always when I get this "fork" like lines, price will sooner or later test lower part of it. I hope I'm wrong because I'm pretty tired of that 203.50-205.50 area now lol.

Drawing correct resistance and support-lines

Well done, again ! I'm not taking any more positions before usdjpy breaks above 104.15.

Drawing correct resistance and support-lines

Make sure to lock in profit, this could turn around fast ! Also want usdjpy to break 104.10, double tops from 1h and down. If so, I reckon gbpjpy longs should be safe for now.

Drawing correct resistance and support-lines

Break indeed. Can't see from what top you have drawn your fib from. Let's ride

Drawing correct resistance and support-lines

I'm gonna add more positions if this break.

Drawing correct resistance and support-lines