GJ: Looking for a quick reversal from london pivot if price action allows it;

Drawing correct resistance and support-lines

If PA allows it , I'll join you on a short from london pivot @ 211.

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

Good analyze, your entry was spot-on. Price went off after touching 161.8 fib here too.

Drawing correct resistance and support-lines

Looks like dollar have started to turn, finally. Look how price touched down on 161.8 fib and shoot up. GL with your eur/usd guys it shows potential right now, as chf is starting to turn.

Drawing correct resistance and support-lines

Technically, yes. But with the slow market we have now I rather doubt it. I wouldn't dare shorting eur right now, this pair have shown a very strong uptrend. But ofcourse, lets not forget that anything could happen, it's just not mine kind of setup, ...

Drawing correct resistance and support-lines

Return of the dollar ? Any1 wanna share own views ? Could the dollar raise ?

Drawing correct resistance and support-lines

Price failed to establish over london pivot. If price retest 1h support and turn it into resistance this could turn out to be a good move for the downside. My worthless opinion ofcourse.

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

It's not only enough to see price retest broken support, we need to see it hold, so watch PA while price going to test this broken support-line (soon resistance ?)

Drawing correct resistance and support-lines

Some1 got steel-gloves on ? This falling knife could be really sharp.

Drawing correct resistance and support-lines

Be aware, only 10 min till 4h chart close currently bar, if it close belove support-line we need to start looking for a bearish approach. The market is moving very choppy right now so entering with 20-30 pips stop/losses now would be too risky.

Drawing correct resistance and support-lines

Only my point of view, but when trading GJ I would recommend trading half your standard position with double amount of your usually stop loss for a start. Or only enter when you are dead sure about your setup

Drawing correct resistance and support-lines

No panic yet. 1h getting heavily tested. 4h rock solid so far

Drawing correct resistance and support-lines

Support confirmed with 2 tests. So far, small-term talking, chart looks bullish. Hopefully it will test resistance-line again today if we establish over currently pivot, IMO.

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

Update on GJ, struggles with london pivot right now. Would like this candlestick to form above for being 99% sure about a bullish day.

Drawing correct resistance and support-lines

Edit: I assume/hope this was meant for me since I answered with so damn much haha, even tho other people answered (I noticed after I wrote) ? I'm not sure if you have read the introduction of this thread since you call the drawing arbitrary ? Might ...

Drawing correct resistance and support-lines

Man, thats the price for taking a trade when walking around in half-sleep. Resistance have to be tested before we can turn into support.

Drawing correct resistance and support-lines

luckily, I couldn't sleep, so when checking gbp/jpy it had just broken resistance. Aiming for previous high around 75-90 area.

Drawing correct resistance and support-lines

Yeah, thats alot of visitors. Not sure everyone find it educational and helpful yet, but I hope some few has. Always appreciate your encouraging words. I will hopefully never go away from this type of analyzes, but I have this habit of always ...

Drawing correct resistance and support-lines

You might be right, think they tried to explain how it calculate those numbers, but my head gives me blue-screen (like windows error) when things get too scripty. Also trying to use a plain volume indicator trying to read if trend is weakening, but ...

Drawing correct resistance and support-lines

Rocroy, almost forgot to say, damn nice alarm-lines you posted, thx !

Drawing correct resistance and support-lines