june 9th low at 1.0147 area is possible.
GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
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Dislikedguys, am i talking to a wall ?
Its a three black (bearish) crows pattern on the daily. I forecastet it 24 h ago, see post 174 and 210. Stochachstics just beginning crossing and macd on the daily match. Its simple.
Resistence for usd/chf on my chart is 1,01951. But resitences exist, to be broken
Lets see, what americanbulls write about this pattern:
Definition:
The Bearish Three Black Crows Pattern is indicative of a strong reversal during an uptrend. It consists of three long black candlesticks, which look like a stair stepping downward. The opening price of each day is higher (thats not perfect here) than the previous day's closing price suggesting a move to a new short term low.
Explanation: The Bearish Three Black Crows Pattern is indicative of the fact that the market has been at a high price for too long and the market may be approaching a top or is already at the top. A decisive downward move is reflected by the first black candlestick. The next two days show further decline in prices due to profit taking. Bullish mood of the market cannot be sustained anymore.
Important Factors:
The opening prices of the second and third days can be anywhere within the previous day's body. However, it is better to see the opening prices below the middle of the previous day's body.
If the black candlesticks are very extended, one should be cautious about an oversold market.
The reliability of this pattern is very high, but still a confirmation in the form of a black candlestick with a lower close or a gap-down is suggested.Ignored
Dislikedduring asia there might be 50 % fibo retraces of the last moves, or maybe ranging where we are. But on start london or new york trend resumes
down. for geppy macd starts down, stochachstics is just startet a little bit shy down, AND we have the pattern. Itīs all daily. If downtrend isnīt over at mondays close new york and starts again on tuesday london, i think there is realy something big cooking. also look for weekend gab.Ignored
Dislikedend of month and end of quarter.
I will buy any yen carry pairs after the dust setlles down. 3 month uptrend is in force, until that ends.Ignored
Dislikedtoday is a very interesting day. a lot of crosses at the channel border. Will they break trough, or reverse rangeing? Don`t think so.
we have seen over asia the retrace for usdchf and gbpchf to the back of the old trendline (light blue).
lets see if they retrace more or reverse and break channel downside. all to you lot green pips.Ignored
DislikedBye traders,good weekend to all.I consider this week enough for this pair.My heart say gbp/chf gonna make new high but just wait some gap and maybe weekly analysisKeep postingIgnored