Last post and I'll go tend my web (not nest) some more. Price is now back at the upper median of the black down fork and a good place for it to stall, but it should make the sliding parallel fork ( notice the lower blue circle which is the distance ...

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

Yes but the spider feeds very well from it

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

You've got competing forks going at it, daily pivots and median retests.... Normally the larger timeframe wins out, as the smaller must conform to the bigger..... but it's a coin toss right now imo..... Price is making higher lows, but the up side ...

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

Short term price is in a larger wedge, sitting here is the 61.8 retrace of the last small bull and the lower median retest, look to long from this area, but any movement is bound to be short lived.... We need to bust out of this consolidation to see ...

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

We are about an hour from finishing a double inside day, thing are getting ripe for a breakout, imo. In the short term look for the 234.40 area down fork retest through the 234.80 sliding median and daily R1 levels to bounce south. Breaking above ...

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

here 234.20ish daily pivot and the 50% of the bear wedge

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

boring! look to break north as long as 236.38 holds

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

Looks like you might have a small h&s forming off the major support line

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

While the H&S appears to be the ticket at the moment, Zoran is correct it isn’t valid until it reaches the neckline, While I believe that for the moment the top is in ( Retest of lower median ) this could end up being a diamond or something else ...

Daily GBP/JPY analysis

Other than some internal timing , I can’t find any TA supported price levels to justify the top of the right shoulder being in place, however price has finally broken below some of the prior swing low levels, any retrace close to the top could be ...

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

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

Price has still failed to break any of the swing lows, looking to play the retest of these areas, and looking for the 242 area to stop the bull.

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

Cad, simple look for a reversal pattern around .9600

Stick a fork in the E/$

This mornings low came in on a big confluence of support trend lines, fib level, and a sliding parallel fork median…… a good low risk entry came on the .50 retrace (down to the retest of the lower median not seen) of the first push. If this is ...

Daily GBP/JPY analysis

I don't like what i see in relation to the fork, close'em....my guess price will drift till London open. good night and good trades everyone.

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

I think the time is coming for a higher time frame reversal, but i can't rule out the possibility of it reaching the center median of the daily weekly charts, but what does this look like?

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

just need to start taking out some lows now.

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

Some info for who ever is interested. Hope it's ok to post a link to a different site. url

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

Actually i guess you could view this as a sign of more north.

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