Keep this lower trendline in mind too. Reversal is possible. Remember as well today was holiday in Japan. All I am saying is keep an open mind. As quecee said a while back, look at the glass half empty and half full. Bless

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

watch out for the next 15 minutes....it can be tricky.

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

I wouldn't say that just yet. It made a heavy bounce off the 4h 10sma and also I would wait until after the MPC meeting minutes are released. I believe it will go down soon but there is also potential for it to go up further from here first as my ...

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

You should be smiling now Warta. You should have 40+ green pips. I got stopped out at +1 green pip. Oh well, still +1 pip I will be looking to short at the 202 area.

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

yep

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

Just use good mm and have patience and you'll be fine Warta. However, 1hr 100 sma has been holding well and your entry is above this level at the moment. Anything is possible but you must trade what you think is most probable. Most importantly, just ...

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

I have a small protected short @ 200.32 that is already in profit. I think we will get this retracement to 198.5 soon before going higher. If it doesn't happen this way, I will reevaluate. This next 2 1hr bars should make things more clear.

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

signals or mixed, 1h, 30m, 15m timeframes are bearish and 4h, daily and especially weekly timeframes look bullish. I am looking for a retrace to 198.5 at least in the next hours before going up to 202 based on what I see. Let's see what the market ...

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

that last 1h pin looks scary. If 100 sma is taken out, 202 is on the cards soon.

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

Cheers Mike, all is well. I took a few scalps between last week and now but have not been holding on to any position for too long. This week has been good so far.Good luck!!

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

Hey Mike, I hope you enjoyed your vacation bro.

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

Money Management bro....most important to survive.

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

I am getting sell signals on my 15m and 5m charts and 1h have been overbought for a while now. I also have a 5 and 10 sma cross on the 15m. 198.61 has been very tough. Lets see what happens.

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

I have been on the sidelines all week because I was so busy away from the market. But I see I didn't miss anything much apart from some scalps here and there from this range. I agree that a break from this range looks unlikely for this week but it ...

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

Hey guys, beware of this large pin on the last 4 hr candle. It seems 205.65 is in the mix.

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

Bull gives up — Matador got him

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

not if I am on the same train

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

Bulls are hiding but beware — I wonder who's the sniper

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

I am not saying bear wins yet......until this trendline is broken convincingly. I will stay out until things become more clear.

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

Bears seem to be strong.....but lets wait for the close.

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