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GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

  • #3,081
  • Jul 27, 2012 8:18am Jul 27, 2012 8:18am
Quoting bguguen
pkimnyc, for this to be a valid buy would the next move test your Blue support first, looks like an upside down head and shoulders, i would long if we test that support and fail to close below it...
  • #3,082
  • Jul 27, 2012 11:43am Jul 27, 2012 11:43am
Quoting pkimnyc
heads up. careful shorting the market.
trades closed. was holding 50%. that was 150 pips extra gain (300 pips).

expecting a pb or consolidate.

it would be nice if we get an inverse hs as bguguen mentioned.
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  • #3,083
  • Jul 27, 2012 11:50am Jul 27, 2012 11:50am
we are about to get a very interesting weekly candle...
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  • #3,084
  • Jul 28, 2012 11:35am Jul 28, 2012 11:35am
Quoting pkimnyc
we are about to get a very interesting weekly candle...
Very interesting candle there, implying a short term bottom in the pair. The mid point of the previous bearish engulfing candle is the line in the sand.

That would be around the 1.28 area.
  • #3,085
  • Last Post: Aug 3, 2012 1:08pm Aug 3, 2012 1:08pm
2160 defended. flat going into weekend.
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