Disliked{quote} Yes, what gives? Very confusing to me as well. GBP just fell off the cliff like...Ignored
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Disliked{quote} Yes, what gives? Very confusing to me as well. GBP just fell off the cliff like...Ignored
Disliked2017/10/16 MONDAY 08:08+1GMT WEEKLY REPORT .... Having said this it must be underlined that price is acting inside two major levels: 32674 the last minor bracket top and 33393 the last short term action downside half back. So these levels could work as support and resistance. Going forward downside then we will have a mid term level 31637 (the half back of the upper monthly bracket) while going upwards, far above, we will...Ignored
DislikedSo from here we could continue lower if acceptance will be obtained below brexit low 32273. And in this case we could reach composite poc 3206 and our lower mid term level 31637. Or, if no acceptance will be obtained below 32273 we could retrace back in order to correct the poor highs left upside. Note that the last period is an inside one. In any case sorry for today, I didn't participate to the market for personal reasons. Have a nice continuation. Best, L. PS: note that the main info is that...Ignored
Disliked{quote} So 31637 has been eventually reached and tested during last pit session. We are now in the zone of attraction of composite poc 3206 but also of comp poc 3191 and of the lower 3137. And the pit session left downside a poor low at 3155. So a new test of 31637 is also possible. A lot of weaknesses left upside...Ignored
DislikedHi! In my opinion GBP weakness is coming in longer term view. GbpUsd target 1.27xxx; GbpJpy target under 135.xxx So my plan is "the higher I can sell - the better"...time will tell... Regards, h.Ignored
Disliked{quote} Hi hathor, All this GPDUSD action downside started after a failure above upper monthly bracket high at 36326. From there we saw a mid term trend downside underlined by current one time frame action downside of the last 4 weeks. Now, while we clearly are in a one timeframing action downside at the same time we went in balance as last week was an inside one and current one is inside last week. And all this happened around the half back of the upper monthly bracket (31637). So in my opinion if we eventually will get acceptation below this level...Ignored
Disliked{quote} ...Finally note that brexit low 32273 still works as support or resistance any time it is reached. All these info let me think that we have no conviction at all nor upside nor downside and we also have a substantial lack of participation of major timeframes.Ignored
First of all note that the 2 inside weeks closed both above 31637 the upper monthly bracket half back value. But the first one closed above brexit low 32273 while the last one closed below it.
Considering instead only GB session activity we have the following extremes for the weeks:
Disliked17/10/23 MONDAY 10:57+1GMT WEEKLY REPORT Please note that we got 2 back to back inside weeks. We are in full short term balance here even though we still remain in a mid term trend downside. 3146 was Friday GB session spike upside base. Note continuous attempts and tests at major mid term levels 31637 and brexit low 32273. Closest composite pocs are 2963, 3190, 3274.Ignored
Disliked17/10/23 MONDAY 10:57+1GMT WEEKLY REPORT ... Upside we have pit poor high 32003, 32087 and 32905 followed by GB poor high 33115 and Syd poor high 34023. Any attempt from current balance could solve first above or below and then go in the opposite direction in order to solve the left weaknesses.Ignored
Disliked{quote} {quote} Today a very weak session managed to remove 2 of the 3 pit poor highs upside, remaining substantially stuck at composite poc 3190. We still have a pit gap downside up to 32245 that is working as resistance, immediately followed by the brexit low 32273. While the entire daily market action has been supported by the mid term level 31637. The balance weak environment remained absolutely unchanged from Friday, The only note is about value that developed overlapping to higher from previous...Ignored
Disliked{quote} Overnight continued exactly to brexit low 32273 that now became extremely weak as Tokyo placed the third back to back high exactly there.Ignored
DislikedI have shorted at 3212 and missed the chance to close. I will keep my shorts open for now, it is narrowing down the range, which is an indication of an upcoming outburst which is never good to have open trades at that time. Charts show it is about to go up, which means I am pretty against the probable trend but I would prefer to wait. I just decided to renew trading since few years and entered without any deep analysis which is a mistake. Nice thread .Ignored
Disliked{quote} Acceptation above yes GB close 3198 needed for any meaningful continuation upside. In the case you know where it it will go. If not remember the composite poc 3190.Ignored