This is what the GBP/USD will do. | Forex Factory

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This is what the GBP/USD will do.

  • #1
  • First Post: May 23, 2008 7:08pm May 23, 2008 7:08pm
It is apparent what the GBP/USD will do this coming week - it will rise. What I just do not know is if we have already begun to see a retracement, and how long it will last before the upward trend continues.

So look forward to going long this coming week - and maybe the week after - but make sure you have enough equity to handle any retracements, and do not trade lot sizes so big as to make possible retracements potentially catastrophic.

Happy trading!
  • #2
  • May 23, 2008 7:44pm May 23, 2008 7:44pm
So your saying that cable may rise - but may not. Your just not sure.

Thanks for the MM tip though.
In trading, there is no bullshit. You either make money or you don't.
  • #3
  • May 24, 2008 5:24am May 24, 2008 5:24am
Quoting mrgreen
So your saying that cable may rise - but may not. Your just not sure.

Thanks for the MM tip though.
It will go to the right, though. That's for sure.
  • #4
  • May 24, 2008 8:29am May 24, 2008 8:29am
sideways for the next 2 weeks between 1.96 and 2.00 then up to 2.06..then again sideways for weeks between 2.00 and 2.06 .after that ,we dont no ..up to 2.1 or down to 1.9
  • #5
  • May 24, 2008 9:10am May 24, 2008 9:10am
how do you know it will rise?? could you share how do you analyze that??
  • #6
  • May 24, 2008 10:27am May 24, 2008 10:27am
Quoting mrgreen
So your saying that cable may rise - but may not. Your just not sure.

Thanks for the MM tip though.
Have to say that MM tip was out of this world.
  • #7
  • Last Post: May 24, 2008 10:29am May 24, 2008 10:29am
Quoting crazy horse
sideways for the next 2 weeks between 1.96 and 2.00 then up to 2.06..then again sideways for weeks between 2.00 and 2.06 .after that ,we dont no ..up to 2.1 or down to 1.9
I'm sorry, but there's no way you can predict that far in forex. Lots of things can happen between then and now.
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