GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies
What caused this hourly spike on the EUR/GBP and GBP/CHF? 2 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
Can only view EUR/USD, GBP/USD, USD/JPY, USD/CHF through broker? 1 reply
why trade gbp/usd when gbp/chf is more predictable ? 4 replies
DislikedDaily RSI and stochastic suggesting a trend shift to happen. It is near oversold levels and the point at which a bounceback happened in the past. Coupled with SNB concerns I am looking to long at around 1.1745/50 based on retracement. Anyone else have ideas?Ignored
DislikedHi Unknownpips,
Personally I don't see any reason to long yet, is your trade based on anything other than stochastics and RSI? I would be very careful going against the trend with those indicators, they can stay overbought/oversold for a long time. There are a lot of currencies to trade, no reason to try to stop a major trend. If you feel it is shifting I would focus your trading somewhere else unless you have other confirmation.
Just my opinion.
Cheers
CoryIgnored
DislikedDaily RSI and stochastic suggesting a trend shift to happen. It is near oversold levels and the point at which a bounceback happened in the past. Coupled with SNB concerns I am looking to long at around 1.1745/50 based on retracement. Anyone else have ideas?Ignored
DislikedLooking for a short 400 pip target or so. (GBP/CHF)
Entry @ 1.2883
TP #1 1.26560 (ADR Low)
TP #2 1.25646 (200 EMA)
TP #3 1.24199 (800 EMA)
TP #4 1.22104 (12th Aug's Low)
Do good stuff
SteveIgnored