hope next month big fall i think . fomc coming next week. gbp stand resistance so expected .
last two day gbp news good . gbpusd go up 200 pips .
last two day gbp news good . gbpusd go up 200 pips .
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DislikedShort G/CHF at 1.511 Price upper level of 2nd and 3rd deviation RSI 70 This is based on daily. {image}Ignored
Disliked{quote} If the euro go under 1.35 she go with him , they are marriedIgnored
Disliked{quote} There is more to this.UK biggest trading partner is Euro zone and having expensive currency does not help UK when Euro is depreciating.This is just plain economics factor in correlation and adds are major correction in order. Putting this in context raising interest rate while Euro zone is in slump makes no economical sense when major currencies are actively trying to lower their value to be competitive.Ignored
Disliked{quote} SL should be BE as soon as you can then let it ride down and progressively move stops lower to protect profits.Don't trail stop.Its not effective.Ignored
Disliked{quote} SL should be BE as soon as you can then let it ride down and progressively move stops lower to protect profits.Don't trail stop.Its not effective.Ignored
Disliked{quote} They must be busy doubling down....LOL Because, you know, they don't like to use stop loss....Ignored
Disliked{quote} consider marshall lerner. While there is a high marginal propensity to import, our summed elasticities aren't much greater than 1. Our trade didn't improve when the GBP worsened, so why should, when the GBP rises, our trade worsen? Econ 101!Ignored
Disliked{quote} Please compare Euro zone with UK which is more relevant since UK's biggest trading partner is Euro Zone.Our biggest trading partners are Canada,China,and Mexico UK number 5 {image}Ignored
DislikedShort G/CHF at 1.511 Price upper level of 2nd and 3rd deviation RSI 70 This is based on daily. {image}Ignored
DislikedShort G/CHF at 1.511 Price upper level of 2nd and 3rd deviation RSI 70 This is based on daily. {image}Ignored
Disliked{quote} What is your SL, TP? Because this trade with wide SL is too risky for me. After a daily bullish marubuzo which just has broken some resistance, i dont know. Look back what happened in the past such a kind of candles! But it is good you called my attention up If i will not forget i will take a long if there will be some retrace... I think ~5217 is the target on the week, invalidation price ~5027, RR ~1,6. Trend is your friend! Good luck! {image}Ignored
Disliked{quote} Davit, please excuse what will probably be a stupid question, I'm new to this. If g/chf broke 1.5 and RSI14 is not too far oversold why couldn't we consider 1.5 support and a target of the july high of 1.54/5? thanksIgnored
Disliked{quote} unfortunately this is kinda irrelevant for considering EURGBPIgnored
Disliked{quote} Davit, please excuse what will probably be a stupid question, I'm new to this. If g/chf broke 1.5 and RSI14 is not too far oversold why couldn't we consider 1.5 support and a target of the july high of 1.54/5? thanksIgnored