If you go long now , take care of the daily resistance around 235.25 (fibo 50 and kinjun resistance). Maybe waiting London and/or NY opening would be wiser. But do as you want

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

I'm long as well , but it seems the bears are really strong , and they could be stronger with the Asian session

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

Auslanca , do you think the down movement is a retracement to the 4hr 5sma ?

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

Usually , when you have a big tall candle , it's body acts as resistance In your formation , the first resistance is the middle of the red candle, the second resistance is the top of the body. It might explain why the second one didn't break the top ...

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

GJ is stuck on the 50 fibo support , i just hope we'll see a huge bounce

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

Nope i didn't know ... i like when people are posting such informations , i look in here more often than my charts So thanks mate

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

Looks like the DOW wants to end up in red , long guys just take care

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

Yeh it's true , it doesn't mean the trend will be reversed. But it also depend if the bullish engulfing candle appears on an old support, it also depends if it 'eats' a doji , an hammer , etc.. There are way too much things to take into ...

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

I think you are talking about morning/evening star formation But in that case , none of them are formed here

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

On your first chart , the big green candle is engulfing the 'doji' (little candle just before it) . The formation is named a "bullish engulfing candle" or "bullish engulfing pattern" When it comes after a downtrend , and mainly when it confirms an ...

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

Dow hourly candle closed above 13.200 , it sounds good ^^

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

Me too i'm with you , but it hurts right now

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

It seems UJ 4h retracement is done , let's hope it"ll go up and bring GJ with him

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

Let's hope so , i got only long positions

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

LOL. Your the man

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

Same here , i'll buy around 233.40-50 , which is the 5sma 1h , and there is a confluence of fibo + 50ema on the 5mn chart , so that'll be my entry point

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

Aus , can you please remind me how do you know if the retracement will happen to the 30mn 5sma , 1h 5sma , 4h 5sma , etc.. Thanks mate

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

I'm still waiting the retracement :s

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

Aus , can you please remind me how do you know if the retracement will happen to the 30mn 5sma , 1h 5sma , 4h 5sma , etc.. Thanks mate

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

Nikkei starts good , that's good for GJ ^^

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