We do not see things as they are; we see things as we are.
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DislikedMissed initial breakout of the H&S pattern on 15M. Will wait for pullback now and enter.
Daily looks Bullish to me. I'm long term bullish on this pair.
Regards,
snuIgnored
DislikedDoes it seem like the dollar majors are all lining up to do the same thing i.e dollar strengthen? I don't like to assume ever that pairs will correlate even if they are better than 80%. However, at this time it does seem as if EU GU want to drop with the lower highs and UJ still has that daily div that I really think should kick in for 300+. The Swiss is really bottomed. You cold play a tight stop on that long or play the break which would eventually create some nice daily div. Either way interesting trade setups. I am still long with UJ and up...Ignored
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Possible short, will be watching lower tfs for entry south
.......... a good correlation indicator for this pair is loony and cadjpy. If loony is heading south and cadjpy north this implies canadian dollar strength therefore gbpcad heads south. I use that when trading this pair - not traded it alot but its got good structure just nowIgnored
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new up trendline developed above source of rally, demand zone, manual stop - could take off ............... dipped back down into new support - entry north after dip which l am regarding as a pullback and therefore excess supply removed and tg should be higher than pullback
........that was a mouthfulIgnored