DislikedIm fine with GBPUSD going to 1.67....
but i need GBPNZD to revisit 1.96....Ignored
when i get back from work i will post detail analysis of gbpnzb
hopefully it will be some help to u..trade safe
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DislikedIm fine with GBPUSD going to 1.67....
but i need GBPNZD to revisit 1.96....Ignored
Dislikedwhen i get back from work i will post detail analysis of gbpnzb
hopefully it will be some help to u..trade safeIgnored
Dislikedi didnt want to say anything but u need to be careful im serious..pound move is just starting..im already eyeing up 1.67 as a target i think even 1.65 might be tough to stop it..the index is building so well
USD is right up at resistance and cable is this high up..so if that falls (usd) or gives way..cable can rise quite high ..1.67-1.7
and still hold a bearish stance at these levels
1.73 above is complete bull
remember one thing..and i will only say this once fundamentals is what trading is all about..but technicals are a leading indicator...Ignored
Dislikedi try giving my view on GBPNZD but take it lightly as it's been a while i trade synthetic pairs..
as you can see, the retracement stops right about the 50 fibo and right now the price has brakes the 100%, i think in daily perspective, the price is moving towards its 161 fibo which is at about 2.0 area..
the movement to 161 usually counts as wave 3 in elliot wave..Ignored
Dislikedthe 1h bearish butterfly has failed
but now we have one on daily, it is much more reliable
i start scaling in shorts at 1.615 if it goes thereIgnored
Dislikedas i said, take it lightly.. i don't trade that pair but that's how i see it..
i don't know how you manage your risk, but i don't do average down, i only do average up.. to me by average down is like double the risk on the already wrong side of market..
if i'm wrong, i would not be hesitant to cut my loss and starts over..
in the meantime i have a PO long on kiwi at 8130, hope it can get triggered.
anyway, good luck mate..
all the best to you..Ignored
DislikedNice - after backed by the bull engulf & three white soldier on Daily,am see Big Collapses is coming faster if you can see it at Daily Formation for Pound & Fiber,Both of them need fulfill their TL first,history repeated itselfIgnored
Dislikedam i understanding you correctly that you are saying GBP is going to drop?Ignored
Dislikedi try giving my view on GBPNZD but take it lightly as it's been a while i trade synthetic pairs..
as you can see, the retracement stops right about the 50 fibo and right now the price has brakes the 100%, i think in daily perspective, the price is moving towards its 161 fibo which is at about 2.0 area..
the movement to 161 usually counts as wave 3 in elliot wave..Ignored
DislikedIm curious about the weekly chart and ichimoku view of it though....Ignored
DislikedFor someone who always seems to make good trade calls, and I mean that, you make it look very complicated. Your chart has Ichimoku, which I like, because it's supposed to be a stand alone, at a glance, indicator to experienced eyes. Then you supplant it with other indis along the bottom of the screen.
Now you are quoting Elliot Wave theory. I call it Elliot Wave guessing. I like to see these Elliot wave experts guys arguing about which wave is which, which wave is invalid, what number count is invalid. LOL. Sorry. I had to get it off my chest....Ignored
Dislikedam long since 1.5910 since the daily candle close 50% than previous one with target 1.61 over and yes based on my chart am looking for heavilly short ( and am waiting this jackpot) when the Big Daily Rising Wedge Kiss and fall ( Lets wait the Confirmation first)Ignored
DislikedFor someone who always seems to make good trade calls, and I mean that, you make it look very complicated. Your chart has Ichimoku, which I like, because it's supposed to be a stand alone, at a glance, indicator to experienced eyes. Then you supplant it with other indis along the bottom of the screen.
Now you are quoting Elliot Wave theory. I call it Elliot Wave guessing. I like to see these Elliot wave experts guys arguing about which wave is which, which wave is invalid, what number count is invalid. LOL. Sorry. I had to get it off my chest....Ignored
Dislikedam long since 1.5910 since the daily candle close 50% than previous one with target 1.61 over and yes based on my chart am looking for heavilly short ( and am waiting this jackpot) when the Big Daily Rising Wedge Kiss and fall ( Lets wait the Confirmation first)Ignored
DislikedMate, just because you don't understand it, don't knock it ...because people who haven't got a bloody clue always rubbish the idea. Counting waves at least gives an overview as to the DIRECTION price MAY be heading.
In essence, you are just plain and simply wrong.Ignored