Dislikedyes, i was thinking the same thing with one small detail - the down move is not yet confirmed but it will be as soon as we break 144.80 area.
will post some charts soon to explain my scenario.Ignored
![](https://resources.faireconomy.media/images/emojis/64/1f609.png?v=15.1)
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Dislikedyes, i was thinking the same thing with one small detail - the down move is not yet confirmed but it will be as soon as we break 144.80 area.
will post some charts soon to explain my scenario.Ignored
DislikedHey what's up ukdaytrader and donfriday.
things have been going good for me since i left this thread.
have a merry christamas.
NealIgnored
DislikedPossible scenario...
or if any inverted shampoo plays out then 147.94-- 148.00.. But I doubt it.
Low volume suckers Rally UP... Real Fridays Rally Down... Lets see.Ignored
DislikedNot this time bro. . . the up move was an ABC correction to the 5 waves dn. . . . now you will see this pair drop in 5 waves and we may see 135/137 area easily. . .
But trade your chart just giving you my view. . . this wave cycle won't be supported by the horizontal line you depict in your chart not this time. . .
watch gu because if it breaks 1.60 then you will see gj drop very fast. . .
JMHO!Ignored
DislikedHey what's up ukdaytrader and donfriday.
things have been going good for me since i left this thread.
have a merry christamas.
NealIgnored
DislikedLooks like wave 2 just completed. . .![]()
Lets see where wave 3 takes us. . .Ignored
Dislikedalright. here is my view on g-j, i tried to make my charts as simple as possible.
daily chart shows very important things about overall direction:
- the main trend is down,
- first important resistance remains @ 149.34
- first support @ 141.82
- and finally, the most intense activity for current month is @ 145.81.
what this means: since main direction remains down, we should be looking for shorting opportunities AS LONG AS PRICE STAYS BELOW 149.34 area (actually, it can go even to 150.30/80... but that's another story). first such opportunity...Ignored