DislikedI have a question about GBP. Although many of announcement was positive, why did the GBP go down in the morning ? {image}Ignored
Price and volume is ALL.
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DislikedI have a question about GBP. Although many of announcement was positive, why did the GBP go down in the morning ? {image}Ignored
DislikedI´m on the other side of things looking at this range in red as a big bear flag on the overall move. Shorted the top of the range this week taking partial profit at around 5560 for +175 and now reshorted at the test of the channel bottom. Price has been moving sideways respecting this trendlines and we could see a break below the range. The fakeouts to the south are much more violent. {image}Ignored
DislikedI have a question about GBP. Although many of announcement was positive, why did the GBP go down in the morning ? {image}Ignored
Disliked...DislikedCable had one of its biggest down days in years and what made it more exceptional was the lack of a real catalyst... I agree with you. What I see, from my point of view, it's a hard downtrend in the weekly and monthly, and in the daily there has been a consolidation or distribution time, that has spent more that one month in the same area. I closed this morning the short too early and idiot of me i tried a small long after because I couldn't see any retracement. It has been a slow but straight falling during US session. I alwaysIgnoredIgnored
Disliked{quote}{quote} That usually creates a market structure that is highly vulnerable to a retracement....Ignored
Dislikedthere was weak pmi data or whatever reason usd/cad didnt have any news, its a bit correlated with eur/usd but it kept on going high anyone knows why..?Ignored
Disliked{quote}{quote} That usually creates a market structure that is highly vulnerable to a retracement....Ignored
Disliked{quote} I agree with you, We'll see the reaction on Monday and during Asian session.Ignored
Disliked...Disliked{quote} Of course I would not just go long at the open but I think that if cable manages to recover to the 1.5400 area with enough momentum and/or fundamental reason behind it it might then "easily" extend to 1.5480/1.5500 in the short term.. Well, you are going too long on your explanations. I scalp, and I have started to see with less leverage certain daily trades. One member from the FED, Bullard I think said a few weeks ago something about one Q4. It's possible. And the strenght of US dollar is based in the belief aboutIgnoredIgnored