I have expections on GBP that we chance see GBP Big Move on Tuesday and wednesday..
beware focus on tuesday...GBP
beware focus on tuesday...GBP
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Dislikeddo u trade on mothly chart? if yes then great u r a real long term trader my friendIgnored
Disliked213.90 not taken out yet. i would suggest to those not already in longs not to rush. big pullbacks are always possible even if 213.90 is taken out; remember 209.30?!?!?!? all our biases were bearish and we did get our good pips but still price was shouting "buy dips!!" we were just too blind. this time we have had a congestion zone, going back to that zone is a possibility out of the book. if we dont get a clear and convincing close above that level, with it conforming as support, we might be back to ranging, and if we do, then it's confirmed: "buy the next fake breakout down". GJ's at critical points now no need to jump in, it could go either way. i made good pips last week, dont' plan on giving them back because i don't want to miss the "Train".
have a nice weekend allIgnored
Dislikedthis gapping down is NOT impossible, it's just like i said, same as when we were at 209, when price jumped to 209.3 at the last hours of trading...
but again we still have 10 hours for markets to open. looking at tenfore would be better 2 hours prior.Ignored
Disliked213.90 not taken out yet. i would suggest to those not already in longs not to rush. big pullbacks are always possible even if 213.90 is taken out; remember 209.30?!?!?!? all our biases were bearish and we did get our good pips but still price was shouting "buy dips!!" we were just too blind. this time we have had a congestion zone, going back to that zone is a possibility out of the book. if we dont get a clear and convincing close above that level, with it conforming as support, we might be back to ranging, and if we do, then it's confirmed: "buy the next fake breakout down". GJ's at critical points now no need to jump in, it could go either way. i made good pips last week, dont' plan on giving them back because i don't want to miss the "Train".
have a nice weekend allIgnored
DislikedWhen I look at the weekly chart, I see a possible Elliot Wave starting with the Nov. 12 candle and ending with the Mar. 17 candle.
The late July – October candles show a sudden price drop followed by a 61.8 retrace. But they’re not necessarily part of an EW.
If this is true, GJ is not on the tail end of a large downward wave. It might even be on a new upward one.
Just a possibility . . .
Ignored
DislikedPip_Cruiser,
Looking at your chart I agree that the EW count looks to be 3 waves down so far from 251 to 192 area. It appears that the 4th wave up is in progress and could end at the 38% fib @ 214.88 or possibly the 50% fib @ 221/222 area. . .
Also, looking at the 4th wave it appears it is in 3 waves which could indicate it's corrective and could imply once complete then a continuation of the down trend could continue. . .
I see a bearish move underway looking at the LTF up to the weekly chart with 215 possibly capping this move up. . . If I see a weekly close above the 200 EMA I will wait for a pull back and enter long for a ride up to 221/222 area otherwise a failure to break and close above weekly 200 EMA I'm entering short for the 5th wave down which could make a new low. . .
Just my take on where GJ might be headed. . .Ignored
DislikedPip_Cruiser,
Looking at your chart I agree that the EW count looks to be 3 waves down so far from 251 to 192 area. It appears that the 4th wave up is in progress and could end at the 38% fib @ 214.88 or possibly the 50% fib @ 221/222 area. . .
Also, looking at the 4th wave it appears it is in 3 waves which could indicate it's corrective and could imply once complete then a continuation of the down trend could continue. . .
I see a bearish move underway looking at the LTF up to the weekly chart with 215 possibly capping this move up. . . If I see a weekly close above the 200 EMA I will wait for a pull back and enter long for a ride up to 221/222 area otherwise a failure to break and close above weekly 200 EMA I'm entering short for the 5th wave down which could make a new low. . .
Just my take on where GJ might be headed. . .Ignored
Disliked
Also, looking at the 4th wave it appears it is in 3 waves which could indicate it's corrective and could imply once complete then a continuation of the down trend could continue. . .Ignored
DislikedHi Q,
Still remember the GY weekly chart 3 months ago..
http://www.forexfactory.com/showpost...&postcount=142
But yes, also I thing that we are still in wave 4, but now picture is more cleares..
http://www.doske.com/Charts/ES-08.png
http://www.doske.com/Charts/ES-07.pngIgnored
DislikedPiters, hope u don't mind me asking: from your chart do you expect a fall down to 203/204?? or is there strong support at 210 in your opinion? thanksIgnored