Big sell off of GBP over night (my night). Lucky I didn't enter into a trade as I would of done, GBPUSD - Buy limit @ 1.31060, SL @ 1.30550, which obviously wouldn't have worked.
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Dislikedthanks Ollie for the signals. The only reason that I will not take your AUSD sell signal is because FOMC this afternoon. It can be a game changer and disregard demand/supply, supp/resist/, TP, SL, you name it. My perception is that they will not raise interest rates, which means that the dollar will tank and I want to trade against the dollar. My only question is how will the USDJPY will react? It had a pretty good sell off in the last few hours. As far as the UCAD, I'm attaching a chart to show how nice of a range is stuck in, but again I'm waiting...Ignored
DislikedHow to use the range charts all by themselves to find supp/resist. I have seen that it works no matter the time frame and like a regular chart, resistance usually turns into support once broken and the other way around as well. Check out the 89 and 21 range charts on the GBPCHF. {image} {image}Ignored