it is true that swing trading requires more margin and patience and it is really tempting me to close trade when I see -300pips, which is not a big deal on daily for our beast

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

let's watch out tomorrow's and Monday's moves

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

today is bear's day and GJ is forming a bear flag according to DTF IMHO

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

the way she bounced off 145.80 area looks to me suspicious; it might be a bull trap until 151.90 is broken

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

agree that it is distribution but 139.2 bounce is a confirmation that bullish trend is still intact. we need penetration of 141.2 at least which is a jump what I meant. will gj touch 139.2 again? I think that bear's pressure is limited

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

agree, it looks like gj is building a foundation for her jump

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

only if 139.2 is broken then 137.3 might be possible to touch too

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

it's my pleasure to help you, have nice time

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

141.2 with extension to 142

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

Piters, do you see the W reversal pattern forming on 10-15m? if I'm right with my assumption then geppy must be bullish

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

first stop of bull train at 141.1

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

targets 145 and 147

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

139.2 is the checkout point from which our lovely beast should turn her nose and run to the north

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

not at all; that is a part move to gain momentum for longs; bears will join the feast after fall of Berlin wall at 135

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

GJ is consolidating the second day now; 141 area is to be closely watched out and if shed drop then next stop could be at 139.5 to comfort bulls. In case of failure of 139.2 we might see 137.5.

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

nice chart, it looks like geppy should repeat the PA pattern and drop to 139.5 before her move to explore the northern pole.

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

very high probability that geppy will not re-visit lows in the nearest future once she bounced off 141.9 area;

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

138 is hard to reach, it looks like geppy formed a channel with 141.10 low to gain momentum for upward move to 148.2 if bounced IMHO; failure of 141.10 will lead to 139.5

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

142.85 is the checkout point, if crossed down, we may see 142.2 again; if bounced then next targets are 145.8 and 146.4 IMHO;

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

bullish, of course

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