I'm sort of new to these forums, I don't know if it is acceptable to discuss our own opinions / trades. So I'll have a go anyway! "down to 1.98 by 6pm gmt" - me, earlier. Time is 7pm gmt, that retrace hit 1.982 and I closed for seventy pips profit Awaiting: Tomorrow edit: edward, check timestamps - I'd hate to have gone short at 5:42 too!
Lets wait for tomorrow Mate!!! There is no important news this week thats why market is different....But we should not loose the TREND anyway...he is only our friend!!!
My system indicates that GBP will move up tomorrow again...Lets wait a little bit and find the best level to enter! RGDS & GL NIK
US interest rates implied by the market will be heading higher. The easiest thing to do in this pair is to buy it, since it tested 1.99 and retraced close to 100 pips. The hardest thing to do is to sell it. Since the current trend is down. If you look at the previous consolidation zone, it did something similar, it broke the stops on the upside then proceeded to head down and consolidate before making a final definitive push up. So another few hundred pips to the downside is possible. Since the focus will shift to the Federal Reserve. Chris
My current res and sup levels: R3 = 1.9863 R2 = 1.9828 R1 = 1.9806 S1 = 1.9764 S2 = 1.9742 S3 = 1.9707 What do you guys think? Comments much appreciated Btw, I'm currently long GBP/USD and hope that it'll hit 1.9863 soon, will have to watch for BOE news before seeing if it will break 2.0!
I am not trading news...It is my technical view, but everything may happen... For now there is nothing to brake uptrend! RGDS