DislikedIt's an up and down road to where I am going to make GBP go to... but it'll get there.... Price always needs a rest at some point... there has been no rest or retrace in the last few days... it is due....Ignored
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DislikedIt's an up and down road to where I am going to make GBP go to... but it'll get there.... Price always needs a rest at some point... there has been no rest or retrace in the last few days... it is due....Ignored
DislikedIt's an up and down road to where I am going to make GBP go to... but it'll get there.... Price always needs a rest at some point... there has been no rest or retrace in the last few days... it is due....Ignored
DislikedAnything is possible
Honestly I don't know and that call was just a fluke lol. Judging from what I'm seeing on my daily charts (my daily bar hasn't closed yet so I can't make too much of a judgement here), price could retrace back down to 1.9850 before taking out that daily pinbar.
There are 3 things to consider though (I was watching that pair and it's behaviour today)
1. There is major news coming out tomorrow (2:00am NY)
2. I noticed price didn't really bounce at 1.9900 (this might be because it's late in the day OR there are no buy orders in that area)
3. Since price dropped below 1.9900, that increases the possibility of 1.9800 being tested again since that's the next round number.
Whichever you do, be sure to use proper money management and trust the method you're using to trade with.Ignored
DislikedIf the monthly candle finishes at today's close looking much like it does right now, would'nt that be called a tweezer bottom? Tweezer bottoms are a bullish signal correct? (not to be confused with a hatchet ass-what my wife calls me)Ignored
DislikedJust reading this post of mine again. Got that original call on 1.9850 wrong lol. Although it did test 1.9800.
This week I think cable is going to make a break for it. Usually retracement happens at the beginning of the week so 1.9850 may be seen again before heading for the highs. Lets see if I get this one right or if I get it completely wrong.
Place your betsIgnored
DislikedOK for the sake of giving my predictions. I'm going to set off two trades for this pair on sunday. Buy Entry Limit at 1.9763 SL at 1.9738. Also Sell Entry Stop at 1.9738 SL 1.9800. We'll see how this fires off. It seems that if you are long here, the first target that I see is going to be 2.00 for obvious reasons. I don't know if you are using fibs but if I am using my tool correctly,the 38.2 is at 2.0030. We have 109 pips between where we are now and that target. Also, this depends on if we break the 200 ema. I can't find on my daily chart when that was last broken to the up side. I just hope that I am positioned correctly when it does because it could be a sweet ride!Ignored
DislikedFor me the two lows are not exact enough to be a two bar low.... and I also am not convinced about it being bullish or bearish one way or the other... I just know GBP has fought its way back from a long ways down... and I want another 300 pips up on it at a mimimum.... LOOK back in time... and I am pretty sure you will see that there has never been a failed monthly Pin on GBP/USD.... I have faith....Ignored
DislikedI believe passing the 200 ma is most important.... I don't think 2.0 is such a big deal anymore....Ignored
DislikedI believe passing the 200 ma is most important.... I don't think 2.0 is such a big deal anymore....Ignored
DislikedWell Tiki it depends. How many very new traders are out there like me who think it's a big deal vs. how many seasoned traders like you who know it's not anymore?Ignored
DislikedNice trading Kiss.
Looks like you're really bringing in the pips! Good luck with your live accountIgnored