What should I say!!!!!! Yes, the trend is down on the daily and the 4 hour and 1 hour, so this is the result. If the GBP is not reversing to the upside, then the target of this Head and shoulder will be at 1.3750,
As for today I am bearish on the EURO-----GBP-----USD/JPY-------EUR/CHF------GBP/JPY-------
and I will try to sell on every stochastic cross down above 80 on the 15 min chart, but be aware that in such volatile markets, it can take time after a cross, for the market to start the move,
I am going to bed now, will see you all tomorrow.
have a nice day.
4 comments:
GBPUSD sitting on 4110 weekly support, ecomomic and market events still going wild... I was looking for long but have to wait to see how things pan out now, if i make shorts now I use t-stops and target limits. Its hard to see whether this is like probe or continue these next months for dollar, fundamentally speaking, since the consolidation was during the holiday period.
naftula
great call on gbp/usd - may meet your target today!
HI,
Went long G-Y at 129,23 and again now at 126,95.
I personally think these are the last lows for GBP against USD and JPY, and after that we should see a nice recovery in the coming days and weeks.
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