GBP/CHF, follow up, After finding strong resistance @1.5644, Gbp/Chf retrace back to support and sky rocket another 200 pips, 8H chart attached
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Disliked[size=3]Aamaaan My dear, Please look at this post, and i don't want to sound like the others who have excuse for things all the time, the market move up and down within the levels you see, when NZD/USD went down before, it find support at .7401, yestserday it was the second try but stopped at .7410 which represent 1.618 of the down swing A= .7644 ,B = .7499, C = .7600, and Reached D EXT .7410 above .7401, once it bounce of .7401 for the second time, we should know this area represent very strong support and we have to focus on the next move, Now...Ignored
Dislikedmme dont get me wrong I strongly follow the numbers but the thing is i was looking for the 7410 support to be tested and it did and i was for looking for another support but it retrace from 7407 level and it was 50-50 that it will test another support level...Ignored
Monthly Chart. in a very strong uptrend, A= .6005 B= .9405 and C= .382 = .8065. Main support @ .9281
Weekly Chart.
since we reached 1.0002 looking to form a high, new week will start with a new swing we have to wait and see.
DislikedYa you are right gbp is much stronger these as comparison to euro and I can see a big move today by euro and gbp may be gbp reach 1.60 level The main reason is us advance gdp which is due today and before the fmoc next meeting release..............Mme this is one the big moments in market volitality .........you will high moves up and down but you should use numbers not fundamental techniques only i sold gbp nzd yesterday as I was looking for retracement with nzd usd gbp nzd do retrace but it was a short 60 pips move and still have an eye on nzd...Ignored
DislikedGood Amaaaan, I am short Aussie from .9810, Euro from 1.3891 and watching the levels very carefully today is Friday.Ignored
Dislikedi am profit taking at the month end this is the last day of the month happy trading gbp nzd already give me 80 pips
happy weekend keep pipingIgnored
Long time ago Boy Gorge said, I tumble 4 you.
Now I am saying October 4 you, i give all the numbers, I hope you made it
I believe in Miracles, you sexy GBP
DislikedLets talk about Gbp/Usd from the big picture.
Monthly chart in a down trend A= 2.1160 B 1.3501 we are hovering under .382 retracement level and above.236. the goal here is to reach .382 @ 1.6432. So this week candle must close above 1.5997 a few pips away now.
[size="4"]Weekly chart
If the weekly chart close as it is now, this will confirm a top high @ 1.6106, a new small bullish swing and @ .618 of the down swing A= 1.7041...Ignored
Gbp/Chf Support and resistance
Dislikedcongratulations mme I told i just take one trade at one time I knew that gbp would be at 1.60 level and I mention it in my old post but that my I already was in the trade of gbp nzd that got me 90 pips and beleive me it was the biggest lot size i ever trade...Ignored
Eur/Usd support and resistance