not for long - down we go
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DislikedHi every body,
As you are aware that Mr. Blair will resign as a prime minister of England.
does any body want to share his/her views that would it be positive for GBP or Negative. Will GBP maintain bull bias. or it will be down.???
I think this is help for everybody so please share the comments.
GOD HELPS THOSE WHO HELP OTHERS.Ignored
DislikedI had a short signal today but I didn't enter cause price didn't came up to my entry price, but if I was in I would by now had moved my SL to BE
possible dangerous reversal pattern on cable developing stay cautious... this could turn out to be an up day...Ignored
DislikedAnnounced by a moon phase or another constellation?
Serious question, if you want you can reply via PM.
If you have any links / resources / reading material on this I'd be interested as well.
4h PB -> trendline loss, move towards 38.2% and possibly more. Don't tell anyone, but I'm secretly expecting a 1% chance of either a 1.97xx revisit or new lows below the 1.9700 area. Most likely not today however and things would have to get real ugly first. Still, would be fun to see.Ignored
DislikedIf you are looking at fibs (or anything else for that matter) on a daily chart, then you have to wait for the daily chart to close to form an opinion.
Just my opinion, anyways.Ignored
Disliked(...) unless we're seeing a false breakout here, which is way to soon to predict....Ignored
DislikedIm sorry, can you explain something to me?
Lets see...
Unless the market starts to price in a rake hike from US with this week and next week data, why should the price go down to 97? Or in other words, why the market should "unprice in" right now the possible UK hike that drove the pair to 2.0000?
Technicalls may say.. "Well the rate hike uptrend just died/ended". But correct me if im wrong! Until July 5th (rate annoucement), is more possible that the price goes sideways/consolidation on hourlies, than start a new downtrend to 97s, forgetting completly the recent uptrend motives. Dont you even consider the major fibs in the way? I dont get it.
Fibs can be broken of course but with the help of bad sentiment/rate hike unprice.
Anyway, i personally believe that they will not rise the rates, and the price will indeed get down. But with expected bad news for the USD, im guessing is better to wait for ALL the info to be priced in the market and then in the R day, Short the "interest rate hold", with much more possible technical resistance areas than today. We are talking about hundreds of pips with little SL. In my view, im talking about a mounth goal achieved in one day. Im patient.
I dont know. Any of this sound reasonable?Ignored