Monthly R is still not being hit at 1.33. We're obviously going down to 1.26 or slightly under judging where price is now. Maybe then we will have that Buy. Let's see how this Weekly will close first however.
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Disliked{quote} Just sitting back and enjoying the ride Levels I will watch is my 78.6% fib retrace at 1.27081 of the June low to July high and below at 1.22640 - 88.6% retrace for some sort of pullback. Cheers. Edit: Just realized typo. 1.26640 not 1.22640 {image}Ignored
DislikedADP is rated a yellow sticker on dailyfx yet it helped open the trapdoor for a significant drop. 12680 looks a weak support this could be a drop for liquidity to move up towards 128-129 especially with BoE and NFP this week. 0.25 is a dead cert can’t see 0.5 so the reaction could be muted and help push the pound down unless there is talks to carry on the rises and a bigger one if things don’t calm down. Either way 130 is out of my view on 4H as but 125-123 is starting to appearIgnored
Disliked{quote} Hi, If I may say, as I responded to one of PeterCaleb's posts recently. perhaps a little more pointedly than your reply; That post above you refer to was as cryptic, disjointed, and badly argued as most of his posts. You and I know that of course there is a very high likelihood that the market responded to the ADP report (not a forecast of the official U.s Bureau of labor statistics NFP report, [or reports to be more accurate,] but a stand-alone independent report.) It did so by buying $ and although it knows that there can be variance between...Ignored
Disliked{quote} my target for long just 2740-60...tomorrow asian will be interesting..more low coming {image}Ignored
Disliked{quote} Expect boe rate to be bearish for GU. Market priced in around 39% for 50bps,but am expecting BOE to deliver 25bps only. Could easily get 60-70 pips move tomorrow. Will wait to see how structure playing out- the expected move will be in favour of structure.Ignored
DislikedThese are the current set ups i am looking at CHFJPY D1-H1 for entry long GBPJPY D1-H1 for entry long GBPCAD D1-H1 for short - see chart in previous post EURJPY D1-H1 for longIgnored