I posted previously at 1.21 about the bullish divergence on the Weekly TF. The play out area for this was 1.34. This has now played out. There is now very strong bearish divergence on the Daily TF with a play out area of below 1.25. Make of that ...

EURUSD

131.05 — Who'd like a wager we'll see 131.05 this coming trading week? The only caveat is that INO didn't show this price change. If they had, I would be 100% confident. I'll be short bias the JPY pairs this week. (BoJ permitting).

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

now — Now we'll see what the Japanese are made of. I don't think for one second they'll let this fall too hard from here.

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

UJ — The previous breakout level of 84.45 hasn't been tested yet.

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

forexlive seem to think SNB might be active. url

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

After months of jawboning, the BoJ eventually act and act they have. Their rhetoric today suggests they want all pending short orders to be cancelled. Put it this way, would you have large short orders at resistance if the BoJ are telling you not ...

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

It's only a BS move if we can't see any reason for it. We know why GJ has gone up. Just entered a small short Gold position.

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

BoJ — A few things struck me about the timing... Started buying at the lows. Been a bullish couple of days, sentiment-wise. Buffett says 'no double dip, no way, never'. Started buying during lower volume timezone. Popping up at various ...

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

Already out — Old news. Released nearly an hour ago. forexlive. url

EURUSD

Wot??? — We never broke 1.2677, so why did everyone go short?

EURUSD

The 2 minutes before the hourly close were a classic bear trap. Sellers wanted to close the bar below 1.2677, before they bought the crap out of it afterwards. We could very well piss through 1.2727. Shorting now is gambling IMO.

EURUSD

1.2677 — We have bounced from the lows on the last two 1hr candles and formed 2 pinbars. Unless 1.2677 is broken to the downside, longs are in play.

EURUSD

Eh? My 4hr chart looks nothing like this.

EURUSD

Yea, I see that. Same as GU. I'm not expecting it to reach there tbh, but I am seeing 1.28 at some stage. RSI and CCI are known to not be as reliable in spotting divergence as MACD, but it's good to hear the alternative. Let's see what happens.

EURUSD

UCh — Lock in pips if you're short on this. Every man and his dog are looking at parity now, so don't be surprised if we don't get there.

EURUSD

White lines — Here... image

EURUSD

careful — Normally, I would say this is sensible enough, but there is pretty strong bullish divergence on the 1hr TF which is yet to play out. Do not be surprised to see a run up to 1.28 today, especially considering how strongly GU has risen. ...

EURUSD

Stop trading real money immediately. You are throwing money down the gurgler while you learn the basics. Would you try to drive a Ferrari before your first driving lesson?

EURUSD

Long — Entered small long here 1.2705. Will hold until 1.28.

EURUSD

I think quick drop first to trap some shorts below support. From my limited experience of MMath mixed with divergence, there is room lower IMO.

EURUSD