see where i draw channel the target point of lower exact match with
past trendline bounces check attached
past trendline bounces check attached
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DislikedThe wrong is, how can you predit the down channel line..
That is not a correct trend line structure..Ignored
Dislikedwe can predict the down channel line for sure how?????
if you use copy and paste the same upper line and put it last bottom bounce
and check the point of channel
its one possiblities i have seen in my expereinceIgnored
Dislikedwe can predict the down channel line for sure how?????
if you use copy and paste the same upper line and put it last bottom bounce
and check the point of channel
its one possiblities i have seen in my expereinceIgnored
Dislikedjacob you dont think we can may be go according to this trendline channel
why its wrong?
see the attached its really strong possiblities to touch channel down part and upIgnored
Dislikedhaha hey all im back ,okey lets start then.
Im LONG in 1.9673 with 14 LOTIgnored
DislikedHi Ameri
What do you reckon ?You know ive noticed traders saying the intrest rate gap dont matter ,Uk is in a whole lot of trouble elsewhere
I do feel a little focused on this ,and right now doubt the 50 cut.
Say the recent house prices stats ,been better than expected,I feel already the the thought of lower intrest rates is seeping through (heck you may even get lower deals on high street)to the man on the street, and I still think BOE is in between a rock and hard place,and that Melvin is not a slasher
But am I focusing on this to much ?
Are we going down anyway ,for a whole bunch of other reasons?Ignored
DislikedBones,
I honestly believe that this is all about interest rates! From a fundamental point of view, the Pound should be crushing the dollar. However, traders probably have their eye on the IR decisions coming up. BOE I expect to drop by a 25bps and whenever they change IR, a statement is released and I expect this to signal that they will not be in a hurry to cut again because of inflation. This rally that the $ is in, is wave B that is not finished (close too though). Then, I expect wave C to start and take us north of 2.000 to somewhere in the 2.0300~2.0450 area.Ignored
DislikedBones,
I honestly believe that this is all about interest rates! From a fundamental point of view, the Pound should be crushing the dollar. However, traders probably have their eye on the IR decisions coming up. BOE I expect to drop by a 25bps and whenever they change IR, a statement is released and I expect this to signal that they will not be in a hurry to cut again because of inflation. This rally that the $ is in, is wave B that is not finished (close too though). Then, I expect wave C to start and take us north of 2.000 to somewhere in the 2.0300~2.0450 area.
I am long from 1.9645......... ..........and even if it falls 100pips or more, I am holding it. I only trade the GBP/USD pair.Ignored
DislikedBones,
I honestly believe that this is all about interest rates! From a fundamental point of view, the Pound should be crushing the dollar. However, traders probably have their eye on the IR decisions coming up. BOE I expect to drop by a 25bps and whenever they change IR, a statement is released and I expect this to signal that they will not be in a hurry to cut again because of inflation. This rally that the $ is in, is wave B that is not finished (close too though). Then, I expect wave C to start and take us north of 2.000 to somewhere in the 2.0300~2.0450 area.
I am long from 1.9645......... ..........and even if it falls 100pips or more, I am holding it. I only trade the GBP/USD pair.Ignored