Just collected 40 pips on a short, hit 1.8782 [ 61.8% on 4 hour ] will look for some consolidation here.
Big Ouch !! Mis-calculated the fib level
Big Ouch !! Mis-calculated the fib level
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Quoting FXopportunistDislikedI think right here at 1.8692 is a good place to take profits for me. Although I can see it possibly hitting 76 todayIgnored
Quoting ademacDislikedI'm with you 50% FIB good spot to peal out a partial profit.
Enjoy
AdemacIgnored
Quoting farhadfx110Dislikedhi all
this is my first post.i wish it will be usefull.last week close under 1.8870 and overbought signal shows weakening to maximum 1.8620 ahead of fomc and then we should have a weekly close about 1.9000 .Ignored
Quoting narafaDislikedWell, I noticed something...Almost everyone is Dollar bullish & specifically Pound bearish...Everyone is giving out explanations why the GBP shall continue it's downtrend...It is well known that the majority of traders are usually wrong at market turns (i.e. at tops & bottoms)...That's why I am convinced that almost everyone who is trying to find excuses why the GBP shall go down are wrong...
Personally, my own analysis gave a neutral signal for almost all pairs, which means that it is telling me to be flat after being long the USD against the GBP, the EUR & the CAD...This actually happened 3 days ago & I already covered all my positions & I am waiting for the market to give more details about the direction....
My own advice, guys try to listen to the market, don't just assume things...See what's really happening & analyze it, not what you want to see...
Thanks,
NaderIgnored
Quoting sorbonneconnectionDislikedHi all,
I think that the last week bullish trend is ended.
Sterling begin a new bearish wave, it probably bring it around 1,8550 to find new fresh bids.
I'm waiting for you comments.
ThanxIgnored
Quoting fxnewbieDislikedOur data indicates that GBP/USD will soon reach a lower limit of approximately 1.8654 followed by an increase in valuation to approximately 1.8800 followed by another change of direction and subsequent decrease to 1.8600. May you all live long and prosper.Ignored
Quoting notme32DislikedThe week is down for gbp/usd, go down and down untill friday, i dont know the bottom. but for sure see friday closing.Ignored