Touched 1H 5 SMA.

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

karmostaji, What price is that? just like to confirm on my chart.

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

So, retracement starts at 15 min touch 5 sma, right? I may be wroong, but I think I saw it.

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

Aus, Have you noticed that at 1H 5 SMA is 238.70? Usually, that will be the completion of retracement. Why it is different this time? Did I remember it wrong?

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

Aus, Now, I get it: If bounced back on the 15 min support, will retrace to the 15 min 5 SMA, if bounced back on weekly support will retrace to the 1W 5 SMA.

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

I thought that you said extremely oversold a retracement is due. So, it is going to be in London session.

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

Aus, Why this time we retrace on 15 min, but not 1h or 30 min?

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

Aus, Which TF have you seen the extremely oversold? Answer my own question: Every time frame is oversold, except for the W and M.

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

Bless your trip! See you, soon.

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

Good morning, Aus. And... Where is the 241.5 coming from? Oh, I see, that's where it comes down, originally.

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

Good one, though.

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

Picture make sense, but numbers are not readable. What is your RSI setting number on this chart?

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

Nice, but first we look at 1H + 5 SMA. Why you look at 4H + 5 SMA?

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

How do you get to see the retracement is 240.2-240.4? (Like to learn from you) I guess the fibonacci, right?

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

Karmo, (Just try to help.) How are you all going long when looking at both 1H and 4H SI cross under, and both candles are under TFT?

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

Karmo, My 4H chart (VT) SI has gone under 50 line, and is cross under and downward. Are you using the VT?

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

Karmo, I think we are still in a retracement to your 50% of fibo line (240.80 you mentioned).

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

You got it, right. VT is 242.21. Sorry, my MT4 has different number.

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

Your 50% fibo, 240.80 maybe right, now.

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

Thanks, that is a good advice.

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