another 14.6 fib acting at a potential higher low
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Cable Update (GBP/USD) without Idiots 23 replies
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DislikedSo thats the Daily bouncing off the neckline - I might take a short here with stop set aboveIgnored
Dislikedthis might the end of the downtrend![]()
I guess it will test again the 1.59 now and later 1.6298Ignored
DislikedThe overall weekly/monthly trend is DOWN. However, wanted to point something out.
When the stochastics went into the oversold area, the daily retraced approx 630 pips & then 420 pips. It's entered the oversold area again. Will it retrace here again?
I was hoping for the drop to 1.5260 area which is the 50% fib from 1.42** to 1.63** but the 200 day moving average (red line) + stochastics could move it up from hereback up to the black UTL.
Attachment 603662Ignored
DislikedThe overall weekly/monthly trend is DOWN. However, wanted to point something out.
When the stochastics went into the oversold area, the daily retraced approx 630 pips & then 420 pips. It's entered the oversold area again. Will it retrace here again?
I was hoping for the drop to 1.5260 area which is the 50% fib from 1.42** to 1.63** but the 200 day moving average (red line) + stochastics could move it up from hereback up to the black UTL.
Attachment 603662Ignored
DislikedExactly the thought in my mind, Ifty friend (do you remember ?) Yesterday I ignored this trend and gave back 70-80 pips !
And How about Christmas ? Any thought for that ? I wish you and all on FF,
MERRY CHRISTMAS AND HAPPY NEW YEAR MADE HAPPIER BY PROFITS !Ignored
DislikedStuck in the same shitty range....cannot break through topside resistance, holding positive on the day...Yet one more reason to not be in trades until the New Year...Ignored