yep — Yep it will, just need to wait a little longer. May even have to sustain a rapid push up by the big boys first. Heavy bearish divergence on the Daily GU tells me there's some Dollar strength just around the corner.

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

Short Opp — Excellent r/r opportunity for a short now IMO. Target somewhere in the region of 133. Will keep adding small if we climb higher.

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

That last dip down on the 15m would scupper any divergence trade for me, but we do have bearish divergence on GY on the 1hr TF, with a play-out area of just below 133. Let's see what the 'market' wants to do.

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

ha ha — Yea, load of bollocks IMO. 7 banks failed. But importantly none of the banks were tested on their loan books. Once these tests have been scrutinised over the weekend, we should see a reaction...

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

Hmmmm — Blanchflower, (ex BoE member), just said something interesting. When asked for his opinion on the stress test results due in 10 mins, he said: (para), 'My concern is that people like me will trawl through the results over the weekend ...

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

It does, but be mindful of the fact EU has steadily climbed while UCh has been bought from support. SNB are involved here IMO and if they decide enough is enough, then the 100 pip S/L will be raken very quickly. I have some long UCh trades btw, but ...

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

Nearly there.....

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

drawdown — You're brave scalping this pair today. Good luck though. DD - drawdown

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

The GY TFs up to 4hr are showing some bullish divergence, we will at some stage see 131.97 I think, but if you are considering a long, you might need to be prepared for some DD first.

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

yep — Depends on how you trade, but typically GY requires larger stop losses. If you're trying to scalp for 20 pips here and there, that requires great timing as well as a good understanding of how GY works. Your short is a good idea I think, ...

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

? — I don't know to be honest. My hedging abilities are based on reduced exposure rather than any clever strategy. I'm sometimes long and short at the same time if I see an early opportunity for trend change, but apart from that, I try to keep ...

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

Yes!!! — This is what i've been waiting for. Lower TFs now starting to show bullish divergence, but for now I think a nice, (rapid) drop through 130 is on the cards first. I assume all the longs here are hedged? or did you get out at b/e? ...

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

GBPCAD — Please note everyone. The 1.90 figure is related to GBP/CAD. I don't want anyone thinking that's a GU target.

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

believe it or not..... — Sorry, only just seen this. The Monthly bullish divergence has a play-out area for me of 1.90 ish. This is very long term, maybe years away, but we'll get there. I will begin to add tiny longs once I think Sterling has ...

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

Yep. I'm not seeing this as genuine bullishness, but i'll play it anyway.

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

Good luck, but be careful. Other reasonably correlated pairs indicate more downside. I'd rather be short than long right now.

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

GJ is not clear to me on the larger TFs if i'm honest. We're in a range between 118 and 163. It seems crazy saying that I know, but with oscillator and RSI conditions being neutral, it's impossible to guess a direction. This is where EW skills come ...

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

lol — GBP/CAD is a fantastic long term trade IMO. That Monthly bullish divergence has to play out at some stage. As I said yesterday, probably a bit more downside to come based on the Weekly, but long term long looks a great bet.

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

Am seeing some great short opportunities starting to materialise. Just looks like another case of rangebound long traps to me.

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

Might be a good idea to trail this... image

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