Hi Everyone,
GBPUSD is in a 1H down channel IMHO. Could be a good idea to sell at the top of the chnnel - around 1.6500...
GBPUSD is in a 1H down channel IMHO. Could be a good idea to sell at the top of the chnnel - around 1.6500...
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DislikedGood day,
long went in @ 1.6442. Short term chart. Scalp.
RegardsIgnored
DislikedGood day to you,
We need to stay out of each other's way, as we are not good together.
Hehe...
My charts are mixed at the moment. Longer term says weak up, whilst short term is doing the last run up before we go lower. I am thus hoping we can move up now to break 1.65XX, as if we are there and I get my indi to cross, we will be banking 100 pips down.
My aim is 4 x 200 pip trades in the next 9 weeks. that is all I aim for. So maybe time to relax and wait for that perfect setup, as they will come.
All the best to you
Regards...Ignored
Dislikedany thoughts on this: according to dailyfx, they think cable has done 5 impulsive waves up and hence now a correction will occur, but if pound is in an A-B-C correction, then surely we wouldnt go as high as 1.67...
sorry my mistake, i didnt think, a correction could be down to 1.6180 and then upto 1.67...any thoughtsIgnored
Quoting TauTrader;Dislikedgood day to you,
Price will probably go up from these levels. From here, or 1.6420 or 1.6400. Trend still up. Do not concern yourself with selling at the moment.
Wishing for 1.6540 - 1.6550.
RegardsIgnored
Dislikedhello guys bit of a newbie question please forgive me for asking, but I really would appreciate a bit of help as im struggling with the questions.
Supposing I want to convert 100 000 GBP in my account to us dollars. By opening a fx trader account supposing the spot rate is 1.6478 ie average between buy and sell I could probably buy it for 1.6481. Supposing I wanted to keep the US dollars for a house purchase is this possible.
The reason why I ask is because my bank says that for me to achieve an exchange rate of 1.67 I would need the spot rate...Ignored