Hi Yuna Let's see how drawing from line chart works out. You get different lines than drawing from candlestick. As the charts looks right now, and if this day is bullish too, I'm expecting a breakout from 1h and 4h chart. Let's hope those news don't ...

Drawing correct resistance and support-lines

Broken. Seems to be more bulls. Let's see if UJ is turning this line into support.

Drawing correct resistance and support-lines

Someone looking for a potential short around 213 area ? This trendline is getting tested for the 4 time (if price hits 213), and a reverse from here seems logical according to my charts.

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

GJ: I'm looking for a short around 213 area, based on 1h resistance.

Drawing correct resistance and support-lines

Excellent resistance, I'm adding that to mine 1h (have reinstalled mt4 so I lost all my lines, unfortunately). By the way, if price establish above london pivot on cable (.9666), I'll cancel my shorts and start looking for upside opportunities.

Drawing correct resistance and support-lines

Yeah looks like UJ gonna turn. Its struggling with 1h resistance right now, and the down-side start to look tempting IMO.

Drawing correct resistance and support-lines

On cable, I don't see much support until 9615 area. Really heavy analyze Ah well, sometimes the easiest way is the best way ! Time will tell.

Drawing correct resistance and support-lines

Have done some EW counting myself, but only with AB=CD pattern and on 1h-4h chart supported by Fibonacci drawing. So my comments on a 5min chart would be worthless. As we speak, price is pushing stronger for north. I'm not taking any positions ...

Drawing correct resistance and support-lines

Looks like 4h resistance is holding (if it breaks, 213 would be next stop according to 1h resistance). If it holds, price could go down to 211-210.70 area (london pivot @ 210.77) and continue uptrend, IMO.

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

Second scenario, and most likely too since 4h resistance holds.

Drawing correct resistance and support-lines

Targeting 213 if 4h resistance fails. It's still rejecting GJ to go above. Price have been channeling for some days in 1h as you can see on the chart.

Drawing correct resistance and support-lines

Glad to hear, and good luck further with your trading !

Drawing correct resistance and support-lines

Glad to hear, and good luck further with your trading !

Drawing correct resistance and support-lines

Looks like GJ is struggling with currently resistance @ 4h. If it holds we should see a drop very soon.

Drawing correct resistance and support-lines

You're right about the 4h chart, especially the yellow resistance-line you had drawn, it could provide with some short-trades with low-risk entries IMO. I wanna try trading those lines more aggressively next week. Take position every time price is ...

Drawing correct resistance and support-lines

GJ trade out @ 210.20, you got that EJ trade magic ?

Drawing correct resistance and support-lines

Win-win situation Thx for todays ride, enjoy your weekend!

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

Correct me if im wrong, I feel like a chef without my knives sitting here with a crappy 5m java-chart on another laptop without my charting platform, but .20 looks like previous low so it could stop from there, thats my "analyze"

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

Thx for the heads-up quecee. I'm looking for a exit around 210.20, what's your target jarroo ?

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

Playing S/L quite defensive, have it right above support-line. But I must admit your S/L seems more logical according to recently price. Thx for pointing that out.

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