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Thread: EURGBP

  1. #11
    I went BUY again when current BAR retrace to my projected upper TL. .
    SL couple pips under my projected TL. .
    My projected TP , I'll use FE - so I will set both my position TP at FE 61.8 @ 0.876X . .

    Thus, pls do what others do best . .
    Trade At Your Own Risk

  2. #12
    It has been posted with a very good trader in a different thread. Heres the link to the post. Just click here

  3. #13
    that I haved draw several lines that I think will soon be resistance from this pair farther going UP. .

    I think last night high would be the greatest she's can go for time being . .And if she want to go farther UP before retrace , the next level will be @ FE 61.8 @ 0.876X and retrace we are then. .

    Then or earlier - I'm looking retracement down to Fib 61.8 and together Higher Low TL and rebounding back UP.I will re-draw Fib amount if she chose to go FE 61.8

    I've closed one of my standing in 0.87XX level and let another RUN till my projected TP FE 61.8 with SL currently on green nearly countless pips. .

    Pls note , this is my novice analysis only base on TA only.
    So, Pls Trade At Your Own Risk .

  4. #14
    Look like we are opting for retrace but with big fundies news tonight that I really don't understand how will she go. .

    According to earlier - me still searching for retracement down to Fib 61.8. .
    I got a feeling we may observe Low TL (orange) possibly next week whenever Greater Low TL give away. .

    That I haved closed my Extended with reosonable green pips . Thought want brief when she fail to breach high but I'll pass it for now. .

    Thus Pls Trade In Your Own Risk

  5. #15
    Can't stop staring at the chart and me confront the consequences by shorting @ 0.869X with think she will go for retrace. .

    TP set for Fib 61.8 ... with SL couple pips above recent high. .

    I will be very nervous trading during NFP - typically prematurely I will shut my position. . Let see what pips colour she give me ...

    So pls Trade In Your Own Risk

  6. #16
    Hi there

    Appearing in at the hourly chart, the GBPUSD rally in 1.4554 is clearly corrective. While this could be the beginning of a triangle or flat, it may also be a completed correction in 1.5539 that will lead to new highs. What's more, the decrease from 1.5539 counts nicely as an impulse. I had been looking for a rally back to the 1.50/52 zone in order to acquire bearish, however, 1.4819 is all the bulls could muster. Remaining below there keeps bears firmly.

    Regards

  7. #17
    Quote Originally Posted by ;
    hi there

    Looking in at the hourly chart, the GBPUSD rally out of 1.4554 is obviously corrective. While this might be the launch of a flat or triangle, it might also be a completed correction in 1.5539 which will lead to new highs. What's more, the decline from 1.5539 counts well as an impulse. I was looking for a rally back to the 1.50/52 zone in order to get bearish, but 1.4819 is of the bulls might muster. Remaining below there retains bears firmly.

    Regards
    I agree - cable just retrace. . I am looking at 4HR and the highest she could go would be Fib 50.0 exactly at 1.5 Lower High TL lies then drop we are , who knows we could see 1.4 soon..So if I am gonna commerce cable following week , I'd SELL from bounce at those projected level.

    This only newcomer perspective , pls do not take,follow or believe kindly.

    Pls Trade At Your Own Risk

  8. #18
    Quote Originally Posted by ;
    hello there

    Appearing in at the hourly chart, the GBPUSD rally out of 1.4554 is obviously corrective. Even though this could be the launch of a flat or triangle, it might also be a finished correction at 1.5539 which will lead to new lows. Further, the decline from 1.5539 counts well as an impulse. I had been on the lookout for a rally back to the 1.50/52 zone in order to acquire bearish, however, 1.4819 is the bulls could muster. Remaining below there retains bears firmly in control.

    Regards
    A close look at EurGbp will reveal that a top is forming along with also a bull rally might be on the way for the Pound.

  9. #19
    trying my luck again by shorting with SL 15pips just(just above now high). . .Still believe will return...

  10. #20
    This conflict pair turned out to be different anyway. However I had a satisfactory long position on GBP/USD.
    I need to wait for (some) daily candles on this pair today. I will post positive setups from time to time here.

    Enjoy your weekend!

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