214.20/30 is possible but it might be very tuff task
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
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long eur/jpy, gbp/jpy, usd/jpy 11 replies
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Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies
DislikedYeah I started a thread. You should check it out sometime, if you have the time. I would love to hear your comments on it.
You guess it, it's Price Action related.
DIBS Thread : http://www.forexfactory.com/showthread.php?t=86766Ignored
DislikedKarmo, how do you feel about 215 ? I see that most traders want to short the pair but in my opinion we still have room to go upside.Ignored
DislikedP.S. I am trying to learn the way you trade. and you said lower time frame .. how low is the timeframe you go to ? 5 min or 15 and above ?
ThanksIgnored
DislikedHi AlphaGA,
We are all here to learn, aren't we? we don't need to thank each other
I totally know what you are saying and it is indeed very hard to draw a 100% accurate fibo level, especially on longer timeframes such as the weekly. I had a hard drawing this fib on the weekly myself, I just decided to draw it from the 200 point since it a nice uptrend move started from there. I have drawn from the points you mentioned, and it gets even more interesting, we will have to keep an eye and see which one is going to be the more appropriate one.Ignored
DislikedDaily candle has closed above the 200ema, next target for the bulls is the 50% fib @ 216.88 where we also a weekly TL, that are should provide strong resistance.Ignored