an abcd pattern @ 8713
imho this could be an attraction.
its also exactly 25% retrace on monthly chart.
imho this could be an attraction.
its also exactly 25% retrace on monthly chart.
EUR/GBP - What a great pair to trade!
- #3,762
- Dec 4, 2017 10:00am Dec 4, 2017 10:00am
- Joined Jan 2010 | Status: .... | 3,910 Posts
right now i have the feeling the flag will be forgotten and its target won't be met directly. after 8725 8925 has a strong attraction. 8725 is required to invalidate 914x after this bears can chill a bit. the flag may have formed to push it trough 8780 something like this. {image} i may be wrong.
flat now. bulls came alive. imho they may still want 914x.
again below 8732 its no longer valid.
- #3,763
- Dec 4, 2017 7:01pm Dec 4, 2017 7:01pm
- Joined Feb 2014 | Status: Trader | 1,796 Posts
Buy on dip set.
Elliott Wave for optimum entry, exit and risk management of trades
- #3,764
- Dec 5, 2017 1:27pm Dec 5, 2017 1:27pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
EURGBP is classic in ranging. It may be of interest to see what happens to this pair in the next few hours. If the range formed on the D1 time frame (bound in horizontal magenta lines) breaks southward, which is technically supported, we may likely see a big southward move.
Trade safe and prosper.
KP
Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #3,766
- Dec 6, 2017 3:11am Dec 6, 2017 3:11am
- Joined Jan 2010 | Status: .... | 3,910 Posts
for abcd pattern its in overtime.
it should go down now or its no longer valid.
either way 8925 is a number on my radar.
it should go down now or its no longer valid.
either way 8925 is a number on my radar.
- #3,768
- Dec 6, 2017 4:25am Dec 6, 2017 4:25am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #3,769
- Dec 6, 2017 4:30am Dec 6, 2017 4:30am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} I just got filled at .8829 long and just took profit at 1:1 - 10 pips. Waiting for .8856 if it arrives there, but my stops are at break even so I won't even worry. We are still within the September range. The Brexit mess is too complicated.
gray area is origin of move. acts as a magnet and resistance.
- #3,770
- Dec 6, 2017 4:48am Dec 6, 2017 4:48am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} I just got filled at .8829 long and just took profit at 1:1 - 10 pips. Waiting for .8856 if it arrives there, but my stops are at break even so I won't even worry. We are still within the September range. The Brexit mess is too complicated.
- #3,771
- Dec 6, 2017 5:26am Dec 6, 2017 5:26am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #3,772
- Dec 6, 2017 7:49am Dec 6, 2017 7:49am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} Thanks for your thoughts. Did you notice we are pratting around .8830 again? It's just too boring.
finding it is often hard.
I think it may be constructing a diamond.
of course i am just guessing about the bottom right part.
so i say 8780 before 8925.
i am not sure i have the guts to put my money where my mouth is.
- #3,775
- Dec 7, 2017 12:30am Dec 7, 2017 12:30am
- Joined Mar 2007 | Status: Symbol | 2,788 Posts
i think we're seeing some clustering, still no confirm side tho, but overall in D1 chart we do see a triple bottom. {image}
FF journal: Peaks and Troffs
- #3,777
- Edited 6:51am Dec 7, 2017 6:28am | Edited 6:51am
- Joined Jan 2010 | Status: .... | 3,910 Posts
{quote} I think everything is for a reason. finding it is often hard. I think it may be constructing a diamond. of course i am just guessing about the bottom right part. so i say 8780 before 8925. i am not sure i have the guts to put my money where my mouth is. {image}
- #3,778
- Dec 7, 2017 11:53am Dec 7, 2017 11:53am
- Joined Jan 2010 | Status: .... | 3,910 Posts
took long @ 8778 target 8918 (140 pips) sl 7 pips.
reason: libra pattern.
reason: libra pattern.
- #3,780
- Dec 8, 2017 3:22am Dec 8, 2017 3:22am
- Joined Sep 2017 | Status: Banana Error | 2,614 Posts
POW!