Exactly I was hoping something of a morning star, but I also heard that you can interpret this so for me it is a morning star

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

Thanks for your availability, the only bad thing I read about these things is that reversal doesn't necessarily represents an upward trend it merely states that the down movement has finished and may also come a ranging period, and it is also on the ...

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

Sorry for the double image, it always happens(don't know why..), corrected that, yes you are right bullish engulfing of the previous 2 candles, but also I was thinking of a star of some sort, I know it is not that because we should have had the ...

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

This candle formation on 30 min looks very bullish since it happened exactely at the fib line(if anyone has a name for it I would be very glad to know it) image

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

It might be very clear but still I want to see if I got it right: 1 You dont enter long after the 1H closing above the downwards trendline at the start of the next 1H candle, you are also wating for the next candle to go up then you have ...

Brave Heart of GBP/JPY

And with the other eye you are looking at 4h momentum to be on the longs side.

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

it closed below 38.2 fib weekly but not below 50 H4 and 38.2 daily at least this is how I have them set up. Still enjoying watching you read these things, I still have a long way to go... Edit: In fact you are right!!! I have 38.2 fib at 231.80, and ...

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

Did you go short based on the 30 min cross down 50 line?

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

Where do you have 231.50 ? I have a daily 38.2 fib but at 231.45, you just rounded that up or do you have 231.50 from somewhere else?

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

when would you consider a retracement finished? do you rely on divergences, or on candle closing above certain fib levels. for now price just bounced up from 38.2 weekly level which I have at 231.8, but still I wouldn't know what to think

Brave Heart of GBP/JPY

Markam I am just curious, did you hold your shorts with this move up? I closed mine after the 4h closing above 229 at 229.28 and made some profit while going up.

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

Mine isn't working either, it might be the fact that CMSFX is giving those free 500$ accounts that overloaded their servers url

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

Doesn't matter! I am a folower , what do you think about 231.50 is it reacheble? 32.8 daily. I hope you are going to keep this thread alive, until I can spot S/R as good as you can . Good trading to you!

Brave Heart of GBP/JPY

Quite interesting, thank you for the heads up. Are you by any chance using night vision? (just curious)

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

I can't restrain myself from commenting but since you fell the same way like I do..., we definetly need a 4h candle closing below 50 monthly fib 225.60 area to trigger the downfall, but since 229 I see it as major resistance I am allready short And ...

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

My "analysis" is even more biased, and I dont want to post anymore charts here since they are all obviously worng... but if 229 is broke I'll take away the much needed time form trading and study some more, but the last big moves either up or down ...

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

At the risk of sounding stupid after what happend last night I am also short with you TP 220. We have a long way to go but it will eventually get there, and this time 229 is a really though nut to crack.

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

I am also very curious to find this out since I was short and very sure about the resistances around 227, if anyone knows please tell us, I am suspecting some fundamental isues.

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

In my view because of this: image

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

Just for the record, what is the low of your 4h candle that broke the trendline? thanks

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