DislikedWell... Still hanging out around .8200. This pair just can't get its act together either way. So ating...Ignored
EUR/GBP - What a great pair to trade!
- #2,446
- May 12, 2014 1:28pm May 12, 2014 1:28pm
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Since february 2013, most weekly swings down are hardly over 7 weeks straight down.
Last week was the 7 th.
Iīts low was broken today, that puts us on the beginning of the 8th week.
If a bounce happens soon, maybe around the 0,8100, where thereīs massive resistance....
THEN: it could start a swing sideways to up for:
at least 2 weeks, cause swings up are minimum 2 weeks up to 7 weeks and more..... weekly swings....
You can be sure the big boys are buying into the stops and short orders...accumulating, slowly but surely...what goes down.....
Last week was the 7 th.
Iīts low was broken today, that puts us on the beginning of the 8th week.
If a bounce happens soon, maybe around the 0,8100, where thereīs massive resistance....
THEN: it could start a swing sideways to up for:
at least 2 weeks, cause swings up are minimum 2 weeks up to 7 weeks and more..... weekly swings....
You can be sure the big boys are buying into the stops and short orders...accumulating, slowly but surely...what goes down.....
- #2,447
- May 12, 2014 1:33pm May 12, 2014 1:33pm
Since february 2013, most weekly swings down are hardly over 7 weeks straight down. Last week was the 7 th. Iīts low was broken today, that puts us on the beginning of the 8th week. If a bounce happens soon, maybe around the 0,8100, where thereīs massive resistance.... THEN: it could start a swing sideways to up for: at least 2 weeks, cause swings up are minimum 2 weeks up to 7 weeks and more..... weekly swings.... You can be sure the big boys are buying into the stops and short orders...accumulating, slowly but surely...what goes down.....
- #2,449
- May 13, 2014 3:18am May 13, 2014 3:18am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Good to see this pair chugging along now. After the emphatic break of .8200 the obvious thing to look for is a retest of that level and there are a few fibonacci confluences around that level too. I am posting my reference chart with some major historical levels and a couple of recent fibs:
Gone to a better place
- #2,450
- May 13, 2014 6:00am May 13, 2014 6:00am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Retesting the 8140 level right now....wonder if this wil go much more down, or if it will hunt all those stops sitting there, and fly away....have you noticed the amount of stop hunting in this pair?
Anything under 4 hours is suicide...looks like those robots are so greedy, they donīt even worry about showing their game anymore...
Anything under 4 hours is suicide...looks like those robots are so greedy, they donīt even worry about showing their game anymore...
- #2,460
- May 21, 2014 3:57pm May 21, 2014 3:57pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place