Little confused about UJ H1 — Expected recovery from red line (=daily 50EMA) Annyone like to comment? image

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

Maybe too much to ask for but retracement for UJ is due IMO and PA for GU does not look good for shorts right now, its all consolidation right now, lets see where it takes us......

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

Closed @ 147.94 for now, will look for new short around 150.00 H4: image

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

Short @ 148.5

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

Yes and UJ with inversed movements which IMHO is more important on a longer run, think its too risky to do anything atm

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

Closed long @ BE Disappointing PA on UJ and high level of GU Net yet shorting I'm a little puzzled with PA, prob. need a few days of rest, happy pipping.....

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

I'm gladly looking with you, gn.........

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

What you like to see are double bottoms or double tops, true they are nice but maybe 5% of turning points have them so its troublesome to depend on that....

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

lol, I guess it takes something else to get Geppy out of his game.....

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

UJ recovers in a nice pattern — image

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

Marvelous, got it @ 147.60 trailing with limit @ 150,68 wish you all luck, thanks...

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

Fine but it keeps testing my nerves, what would be an acceptable SL for a lesser TF that Geppy uses? I really need to close my computer for a while........

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

Have a look @ UJ — That's my 91.12 line: image

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

Long @ 148.60 based on UJ bottom

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

Have to wait for UJ to give me clues..... Got a line there at 91.12 ????

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

Stopped out of my longs -13 pips

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

Yes bargain hunting with GU and UJ near support zones, always worried so thats not an issue

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

Added long @ 149.141 SL 148.831

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

Correct, but watch out, H&S's seldom play out in fx, although my example of UJ a few pages ago did. Assuming it does, 149 would be the target and hopefully saving my stop @ 148.85 Correction, thought you were mentioning H&S on 5M GJ

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

ok, untill then....

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