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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3054
Forum Topic:

GBP

Discuss GBP
 
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Dave J
Canada
Posts: 197
12 years ago
May 11, 2012 19:13
...Favoring cable to the long side around here...simply, support closer than resistance...

BoE keeping rates at 0.50% helped put a crimp in the ccys rise...seems to be falling to greater risk trends spilling over from across the channel...
benny
sydney, Australia
Posts: 21
12 years ago
May 11, 2012 14:59
good job Jacek! seems like heading south towards your support line 1.6055
jacek
Melbourne, Australia
Posts: 2579
12 years ago
May 10, 2012 2:02
looks like higher if it breaks out but again 100pips down looks so enticing if it does not.. aussie employment data event comming soon might be a catalyst.. in any case london sesssion today should be even more interesting..
benny
sydney, Australia
Posts: 21
12 years ago
May 9, 2012 14:34
previously resistance turned support, im on the bull side still :)
jacek
Melbourne, Australia
Posts: 2579
12 years ago
May 9, 2012 13:53
finally got that 6066 after 2/3 SL at BE.. should have shorted instead i guess.. now let see how good that cluster support is..
jacek
Melbourne, Australia
Posts: 2579
12 years ago
May 8, 2012 12:23
anyway took 1/3 off for 30pips just now.. let's see where it ends..
jacek
Melbourne, Australia
Posts: 2579
12 years ago
May 8, 2012 12:20
thx dave.. it's all up side down from where iam.. :-)
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
May 8, 2012 12:17
C wave shouild always contain 5 wabes whereas an A wave can be 3 or 5. The B wave is either a complexed mess or a simple 3 wave a,b,c
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
May 8, 2012 12:14
I was looking at 60 min pattern from the 1.6300 high, impossible to read but the move up from the 6113 low could have been a 3 wave B with C down now in progress. The A down might have contained 5 waves but pattern not clear.
DaveO
N.Cornwall, UK
Posts: 5733
12 years ago
May 8, 2012 12:09
I dont see an ABC, might be possible A completed down with B up in progress or B completed with C down in early stages. Messy pattern.
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