You mean a rocket pointing down, right? Kind of confused, how can a rocket pointing down.

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

So when the 1h closed down the 50 line, we turned into short. Right?

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

How are you tell if you already hit the bottom or not?

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

You know, this pair wasn't so hard in last year. Do you all remember?

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

How do we tell if retracement is finished, yet?

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

Have we finished retracement, yet? 241.21 is at about 23.6% only I hope that it can go upto 38.2%

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

Aus, Have we already finished the retracement, yet? Now is at 241.23, and it's only gone to the 23.6%

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

So, in this case, we are not confirmed a uptrend, yet.

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

Karmostaji, Does it mean the trend is reversed to the uptrend?

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

I think that you said 240.70?

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

Aus, I have a very important question: How do we know if it will continue to 236.00 (TP2), once we have arrived 237.60 (TP1)? Can I do it this way? ================================================================== Still look at 1H + 4H candles: If ...

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

I need that.

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

Karmostaji, What is your t/p and s/l?

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

Gap has been closed, you don't know?

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

That is right, so is my profile says (profile is not technical indicator related). Couple of hours to wait, although higher price to short.

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

But the 4H SI is pointing south, and 4H is under TFT

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

Oh, sorry, I thought that is the current downtrend fib (239.05-243.09)

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

Should be 38.2%, not 50%.

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

Ausi, What time frame you suggest us to focus on, as far as seeking for a long/short entry?

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

Ok, so when the candle is above the TFT - bullish, below TFT - bearish?

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