If this support holds, lets see if we can test resistance-line again. Price is also around 50% retracement drawn from london low-high.

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

gbpjpy update. Lets see if we can test resistance again if this support holds.

Drawing correct resistance and support-lines

Possible reentry on gbp/jpy ? if 211 holds

Drawing correct resistance and support-lines

Bet I'm not the only 1 sniffing around for a long. Drawn a fib from london session low till high on 15m, so aiming @ 211 area for a continuation (hopefully) of this upward trend.

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

Obs..! didn't notice I spelled your name wrong, no revenge, I promise First, NY session comes in and ruins my plan, this time on usd/chf. When shall I learn ! Stopped out for a small loss. You are right about the first HH who should be HL, sorry ...

Drawing correct resistance and support-lines

Here is currently 4h chart. Price have tested it 3 times before we got this break causing a large movement.

Drawing correct resistance and support-lines

I agree on 211 is a possible target, but I would only trade with a long position IF price hit down to it, in other words I would not short down to this target. Trend is strong today, going against would be too risky. When I look at my fibs drawn on ...

Drawing correct resistance and support-lines

You said it !

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

Well done rocroy in not turning that trade into a loser! profits are profits no matter what size !

Drawing correct resistance and support-lines

As in today. Chart post will make you understand.

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

I see some traders are shorting chf now, but be very careful! At first eye-look it looks nice, but at closer look its not ! Price have established outside resistance and price action is ticking for the upside. Also see that eur/usd fail to break our ...

Drawing correct resistance and support-lines

Careful ! I have closed mine shorts (yes I couldn't lay off) , look how price reacted to 1h (now) support. Don't forgot to lock in your profits ! Especial when trading against daily trend.

Drawing correct resistance and support-lines

Seems to reversal, but this kind of setup is where you need to be careful. Smaller positions and tighter S/L IMO. Why? you are trading against the daily trend, and big buying positions could occur anytime, without any for-signs on your indicator.

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

Yes Yuana your lines are 100% correct ! Your lower line (support) could be adjusted a few pips higher so it hits second candlestick-formation properly. Small details, yes, but long live perfectionism Put your 30m chart up and draw some ...

Drawing correct resistance and support-lines

Well, then you have quite different fibs then I have. No, it dosn't have to stop @ pivot resistance, its only meant for guidance where price could reacts. But you have to look at price-action. How does price reacts to pivot s/r ? Look at 15m chart, ...

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

Good london session indeed, have a good day !

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

Possible reversal @ 211.90-212 ? 61.8 fib on 4h bear-run and not too far away from resistance on 30m chart. Comments ?

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

Ah well done Mark ! That's easy pips I entered gbp/jpy at 210.38 when I saw that London pivot hold and when price turned around for the upside. Closed most of the position @ 211.50 so it was an easy run, affected to some degree by positive gbp ...

Drawing correct resistance and support-lines

Closing most of positions @ 50 but think we could see 211.75 too. How long will you ride this karmo ? 30min chart too

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

Possible second target. Still riding with us Rocroy ? This is where you can use stochs to see when price gets OB in different TF's. It's not even OB @ 15m chart so this have great potential.

Drawing correct resistance and support-lines