Bottom of that prev 1hr / 4hr sw hi zone and top of the 4 fib cluster mentioned above is where the current demand on the drop came in.
To the immediate upside per 1hr chart below.
G/L
To the immediate upside per 1hr chart below.
G/L
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DislikedLovely bounce off support at 1.5922. Tradeable, but what about news in 40 minutes? There's always something to make things more interesting.Ignored
DislikedGot a bounce off of 61.8 fib on 5 min, and overall daily bias is down. I will be only looking for shorts today. Already have one short open that I plan to hold for 1.5835Ignored
DislikedLovely bounce off support at 1.5922. Tradeable, but what about news in 40 minutes? There's always something to make things more interesting.Ignored
Dislikedmorning guys.
M30 shows a deep fall on GU at the moment.I moved my TP to 5888 first then 5860 area.
I also opened one long on USD CHF @ 0.9018 TP 9080
one long on usd cad @ 0.9918 TP 0.9970
and one short EUR GPB @8385 TP 8355
waiting to cash in some of them todayIgnored
DislikedUk data at 0930am bst = gmt +1.
Any downside revision on that -0.2% final 4th qtr gdp # could see knee-jerk £ pressure ? Conversely any upside revision could see knee-jerk £ strength? Current a/c data release too. How lomg these effects may last - time and PA will/may tell us.
G/LIgnored
Dislikedhere is the chart posted yesterday and see how it developed overnight.
normally it should touch the circled area @ 5886-5888 as a 50% fibo and then the 61.8% which is some 5860 as well as flat KS on H4
but top kumo on H4 is 583X so....if it goes under 5875-60 area then we drop to 5838-45 area where we have better support
bids from East European and Middle East names are expected at 1.5900-10 and 1.5880, mixtures of bids and stops are tipped further out at 1.5840-50 and 1.5800-10.
so keep an eye on those levels as wellIgnored
Dislikedhere is the chart posted yesterday and see how it developed overnight.
normally it should touch the circled area @ 5886-5888 as a 50% fibo and then the 61.8% which is some 5860 as well as flat KS on H4
but top kumo on H4 is 583X so....if it goes under 5875-60 area then we drop to 5838-45 area where we have better support
bids from East European and Middle East names are expected at 1.5900-10 and 1.5880, mixtures of bids and stops are tipped further out at 1.5840-50 and 1.5800-10.
so keep an eye on those levels as wellIgnored
Dislikedsorry to ruin the party but......
this looks not a bearish move to me....
still out and still waiting to shoot, but if i have to trade GU or die, i will go long (...and die! LOL)
let's see. patience will be the key today!!!Ignored
Dislikedno i didn't! tks for remind me about it !!!!
this move reversed 1st @5915 strong + 35pips
then @5902 again strong! even more, considering bad gdp final release!
what i mean is: if this is a bearish pattern, price should be already below 5880. until i see her below that line, i will have my eyes in buy button to a possible target above 6000.
of course, not today!!! today looks like done to setup and test.Ignored
Dislikedno i didn't! tks for remind me about it !!!!
this move reversed 1st @5915 strong + 35pips
then @5902 again strong! even more, considering bad gdp final release!
what i mean is: if this is a bearish pattern, price should be already below 5880. until i see her below that line, i will have my eyes in buy button to a possible target above 6000.
of course, not today!!! today looks like done to setup and test.Ignored
Dislikedno i didn't! tks for remind me about it !!!!
this move reversed 1st @5915 strong + 35pips
then @5902 again strong! even more, considering bad gdp final release!
what i mean is: if this is a bearish pattern, price should be already below 5880. until i see her below that line, i will have my eyes in buy button to a possible target above 6000.
of course, not today!!! today looks like done to setup and test.Ignored