Disliked{quote} Dear I would like a retracement too ... other pound pairs made another low today as well.Ignored
Result is impressive. Trades were taken on 7 th august.
Intraday only.
2
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Disliked{quote} Dear I would like a retracement too ... other pound pairs made another low today as well.Ignored
Disliked{quote} Indeed I always keep saying it price action is key, I’ll draw a chart up abit later of all the price action of the drop I did draw one up in a few previous post but it was a while back. Triangles should be expected to break in the direction of the trend now it dosent happen all the time of course but more often than not, when we got into this triangle I was expecting it to break low with targets of the 1.20 quarter pointIgnored
DislikedHi Guys, Had to help myself to the gravy train this week. It has been screaming short all week. My trades locked in and will let it run its course. {image} Having said, we are close to multi year lows of 2016/2017. My chart from a weekly perspective. I will look for reversal signals from my yearly support 1 at 1.20190. Of course trading off these levels will not come easy and lots of manipulation and stop hunts. Trade safe, cheers. {image}Ignored
Disliked{quote} Which puts my mind into a chain of thought: Eurgbp nearing my Yearly res 2 at 0.93782. It is clear that Gu has decoupled from Eu a long time ago and the pound has gone through a period of weakness and the euro has stood its ground meagerly so. Will we we see a period of Euro weakness in due course?. I am not talking about dollar weakness, which is a different subject on its own. I know Trump would like a weak dollar. If we see euro weakness we could very well see a drop in due course which could extend to my yearly support 1 at 1.09219 or...Ignored
Disliked{quote} if you noticed , nowadays it's a race to the bottom about who's got the lowest rates and the weakest currency but Trump' s policies will do more harm than good , because even though he's selling to his electoral base the message that he wants to bring back industries to the US , his protectionism is flawed at the rootIgnored
Disliked{quote} I don't get it. I always thought tariffs weaken a currency due to reducing the international demand for money and increased domestic demand in the tariff-related areas.Ignored
Disliked{quote} Trump's declared aim by wanting a weak dollar and imposing Tariffs is to weaken Chinese imports , strengthen US exports and bring back industries to the US but he won't be able to bring back industries to the US and the only end result will be a global recession and a decrease in global trade this is my personal opinion , and we'll see in some years the effects of his policies let's keep this discussion short and end it here because it would take too long to discussIgnored
DislikedUSD Index - H1 ------------------ Waiting to confirm the breakout. {image}Ignored
Disliked{quote} There is an academic subject called Economics and International trade with empirically proven studies of the outcome of such tariffs, I'm not saying these studies are 100% correct but they do at least use the tools of the field to arrive at the conclusions: Trump has imposed tariffs against: China; Canada; Europe; Indian; Mexican; and a long list of other countries. He won't be able to bring back Industries to the USA? Industries exist to maximize shareholder wealth, if their manufacturing inputs are driven higher a large percentage of companies...Ignored
Disliked{quote} i like your post and respect your opinion too , but as you see this subject is quite complex and too long to discuss being complex as it is , it has been and will always be a lucrative playing field of every politician let' s discuss this maybe privately Take careIgnored