does anyone when the g/j will start running normally again?
there's movement finally but not the type of movement I'm used to
there's movement finally but not the type of movement I'm used to
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Dislikedlooking good, but i have another suggestion:
what we have on the weekly cable chart is a complex h/s formation with a broken neckline. a MAJOR change of trend which i believe will reach 1.72x before the end of the year
i had expected 2 weeks ago that we might bounce off 1.90x area, but we didnt, which displays the strength of the trend reversal.
welcome to the era of dollar strength fellasIgnored
Dislikeddoes anyone when the g/j will start running normally again?
there's movement finally but not the type of movement I'm used toIgnored
Disliked...interesting, well we'll have to see how it reacts at the weekly chart 23.6 fib then, about where your neck line is. Indications are it should retrace to at least that level.Ignored
Disliked...interesting, well we'll have to see how it reacts at the weekly chart 23.6 fib then, about where your neck line is. Indications are it should retrace to at least that level.Ignored
Dislikedwhich RSI settings are u using godfrey? open, close, or typical price?Ignored
Dislikedwhich RSI settings are u using godfrey? open, close, or typical price?Ignored
DislikedSince, you're here, what's your take on the gbp/chf. I see a flag on the weekly.Ignored
DislikedHere is the 8 hour chart of gbpchf
As we know in strong down trends we should not retrace more than the 38.2% fib retracement.
Once that 2.0400 level gives way we will be seeing that 1-2-3 fib expansion play out down to 2.0070 , this will be the bounce zone , as the 78.6 fe typically is.
Then maybe a slight retracement to 2,0170 / 2.0235 (which would be the 38.2 % fib retrace of the move 2.0485 to 2.0070
from 2.0230 area all way down to 138 % fib extension at 1.9750
OR ... lol .... it could straight to 4.0000 from hereIgnored
Disliked, I know I'll be giving up several potential pips, but I have realized that my best trades are usually when the 4hr gann is in the direction of my trade. So I'll probably wait until the 4hr gann flips before I re-enter a short.Ignored
DislikedSince, you're here, what's your take on the gbp/chf. I see a flag on the weekly.Ignored
Disliked2.0375 is my short entry . ...targets 2.0335 and then 2.0250. Once the 2nd target is hit I will move stop down to 1st target.Ignored
Dislikedthe euro looks stronger to me than the GBP....so i would prefer short for gbpchf...will look good when compared alongside the call for short of GBPjpy as well....2.0460 seems tough to crack and 2.0800 looks even tougher...i mean , just look at how many times it tried to crack 2.08 and failed over the past mnth...Ignored
DislikedMy Charts are clear for me:
1. We are in Bearish Trend (Weekly, Daily Gann crossed over)
2. We are in retrace mode.. 2 corrective waves on 4H A and B, and now chasing wave C. We stopped on 0,618 FiboExtensions @ 206.49
3. Targets I am looking (FROM 206.49, UP TO: -> ideally FE 100 @ 207.76 -> lot of confluence there: 50ema[4H], Upper chanel Line, 100sma[Daily], but can extend up to 209.83 or more.)
4. Look @ all Impulsive waves from 251.1; They all RETRACED at least 0.61 to 0.786 FIBO before continuation of the FALL.
5. Break of 204.40 where the corrective wave B is, for me is a signal for activation of more SHORTS + there is GANN [4H]
Until then: Scalping in range from 205.20 -> 207.70 (Bulls/Bears)
6. My indicators: [CCI 72, and RSI 72, with average of 50 ema]
Charts:
Ignored