How do you see pound today?? weekly chart shows bearish divergence forming with macd form lower high and price action forming is higher then the previous low. Dow jjoe also showing tht july 2008 and current price with the macd.
Looks like the bullish convergence is playing out next week pound will be heading north unless this the retracement can may this 4 hrs bar into a shooting star.... I had decided to cut lost my position pound had break out.
Thanks for the reply today is just anotmy day as i had long pound but got stop out and when in short cad and got stuck :p now hopefully pound the break the 1.66 lvl if not things will be quite bad.
For me if the GDP data is more then -2%, the euro and the rest is going up anything worst then that will result in the opposite direction. Cos the sentinement tha I am looking at is everyone seen to be ignoring bad news and unless this data is prove to be very worst then It is going to be bad....
Thanks for the reply. I had a small long with tight SL as I see almost all pairs have almost the same convergence. I did draw a 4hrs chart channel it had hit the lower channel and heading back to the upper channel same goes to a few pair even yen. tonight we might see a break out.
Need to double confirm with you all. I saw a bullish divergence set up in GBP/USD 4hrs chart. As I am still learning thus need you guys to correct me if I am wrong.
3 days ago pound got shorted heavily but euro is not moving during then and the last 2 days is the other way round.... What is the reason for it?? Is it today HPI for pound??
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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How do you see pound today?? weekly chart shows bearish divergence forming with macd form lower high and price action forming is higher then the previous low. Dow jjoe also showing tht july 2008 and current price with the macd.
Looks like the bullish convergence is playing out next week pound will be heading north unless this the retracement can may this 4 hrs bar into a shooting star.... I had decided to cut lost my position pound had break out.
Anyway have a nice weekend. :)
Thanks for the reply today is just anotmy day as i had long pound but got stop out and when in short cad and got stuck :p now hopefully pound the break the 1.66 lvl if not things will be quite bad.
do u still see usd/cad at 1.0890??? Asit seen to be up of steam. and the USD weaken all over the board. wondering to cut lost or hold.
For me if the GDP data is more then -2%, the euro and the rest is going up anything worst then that will result in the opposite direction. Cos the sentinement tha I am looking at is everyone seen to be ignoring bad news and unless this data is prove to be very worst then It is going to be bad....
Thanks for the reply. I had a small long with tight SL as I see almost all pairs have almost the same convergence. I did draw a 4hrs chart channel it had hit the lower channel and heading back to the upper channel same goes to a few pair even yen. tonight we might see a break out.
Need to double confirm with you all. I saw a bullish divergence set up in GBP/USD 4hrs chart. As I am still learning thus need you guys to correct me if I am wrong.
Thks
http://www.forexfactory.com/showpost.php?p=2918592&postcount=153365
3 days ago pound got shorted heavily but euro is not moving during then and the last 2 days is the other way round.... What is the reason for it?? Is it today HPI for pound??
Jere
Thks for the reply. I am not use to mid term trading.
Jere