DislikedI have chosen to trade GBPNZD rather than GBPUSD. I have a bias to the upside on both but the GBPNZD appears to have a better potential technically. I may be wrong. Trade safeIgnored
Trading Eternal...... Shiny & Chrome!!!!
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DislikedI have chosen to trade GBPNZD rather than GBPUSD. I have a bias to the upside on both but the GBPNZD appears to have a better potential technically. I may be wrong. Trade safeIgnored
Disliked{quote} Hey Buddie.....The only pairs i don't even go close to are GNZD, ENZD and GAUD because of the mad volatility so i commend you for trading that but i have looked at my chart now and i am not too sure it is safe going long because all 3TFs i see have hit their TOPS. Wish you luck though. Attached are charts to show why. {image} {image} {image}Ignored
Disliked{quote} ....Now we have a poor low for gb session. note also the poor low of Thursday Sydney at 13104. It's pretty far but let's see. An important note it's about current market position. We are exactly between June gb session close at 13240 and June gb session lowest close at 13214. So substantially it's testing June lowest levels.Ignored
Disliked{quote} {quote} ... there is also an old gap up to correct if continuation occurs. The gap is from 131865 to 132055Ignored
DislikedThis brexit low at 13227 is a pain. I start to really have enough of it.Ignored
DislikedOvernight inventory is 100% long. All the overnight activity took place above friday pit unchanged at 13184: It's possible a correction of overnight inventory. Considering also the weak zone at 13132-33. For now it's up and down preUS open. Very uncertain market as gb session.Ignored
DislikedInformation market is giving to us: it is not able to stay above friday pit high 133045 it is not ble to stay above overnight high at 13292 and it's up and down this price. price action is one time framing higher but we have big weak references below.Ignored
DislikedFor instance what market is telling me is that it wasn't able to preserve a double distribution, it closed the clean space between the two balances and now price is inside the lower balance. So now odds are for a possible correction of the lower weak references .Ignored
and now 13204 current Tokyo poor low cluster is nowextraordinary weak.
While above we have:
Dislikedsomeone earlier mentioned the inverse relationship between GU and EG. I am curious... {image} {image}Ignored
Dislikednote: current Tokyo move down comes from Tokyo half back at 13237. We are now going to open with a little gap down for gb session and inside previous gb gap up. We have been at this level for too much time. So this level is clearly very weak but at the same time the fact that it spent so many afforts to take it out does not provide good news for continuation down. Very uncertain situation.Ignored
Dislikedbrexit low at 13227 tagged at the pip then down again. 13227 is now weak but let's see if gb is able to stay inside yesterday range or not.Ignored
Disliked{quote} You have pound dollar targeted as an up move, supposing the price heads south, and the euro pound then went north, as with all things in this game nothing is set in stone .. for if it was then .. The logic is there for sure but it does not always pan that way.Ignored
Disliked{quote} there is also an old gap up to correct if continuation occurs. The gap is from 131865 to 132055
- this gap is still in place and is clearly a possible target
... 13132-33 still a possible target below for today ...... and now 13204 current Tokyo poor low cluster is nowextraordinary weak..
Ignored
Disliked{quote} My point was not a prediction of direction, but the inverse relationship of pattern emerging on the respective pairs, something which you have reinforced with your post.Ignored
DislikedFor continuation down we would like to see period C (current m30) staying easily below B period low (13171) If not consider also that C period comes from exactly yesterday low so is a weak high.Ignored