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MarcinO
Rep: 67
Posts: 5,506
I think the Pound is heading towards 1.3380-1.34, but it will need a correction.
My favorite area is at 1.3240-50, but I am also considering 1.3275 and 1.3190.

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6b 2016 09 04 png


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MarcinO
Rep: 67
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Yes, rat, this one is a tough call, so one needs to be ready to cover short position on any sign of strength,
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MarcinO
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Posts: 5,506
Cable has just hit previous high, but is still in 1.3380-1.34 area. Some more confirmation and time to go short.
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MarcinO
Rep: 67
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Time to start rising to 1.3540?

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6b 2016 09 07 png
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MarcinO
Rep: 67
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Cable is falling. Low 30's is a serious support, but 1.3370 should be also taken into account.
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Duane
Rep: 100
Posts: 1,095
Possible reversal


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gbpjpy primary analysis sep 07 0755 am 1 hour png
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MarcinO
Rep: 67
Posts: 5,506
LOD at 1.3334.
Originally posted by MarcinO

Cable is falling. Low 30's is a serious support, but 1.3370 should be also taken into account.
DU
Duane
Rep: 100
Posts: 1,095
EURUSD ABCD possibly complete.


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eurusd eurusd h4 sep 07 1430 pm 4 hour png
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MarcinO
Rep: 67
Posts: 5,506
Nice stuff, Duane.
I will place clean charts for the Pound tomorrow. It looks overextended and weak, so my next levels down are 1.3300-10, 1.3260 and 1.3230.
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MarcinO
Rep: 67
Posts: 5,506
1.3345-50 is my PTA for a short play in the Pound. We will see soon if it respects that level.
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MarcinO
Rep: 67
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It didn't. Maybe ABCD to 1.3375-80 will be enough?

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6b 2016 09 08 4 png
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rat89
Rep: 0
Posts: 7,015
within major [3], minor 1 ended at 28.70. Minor 2 targets 50-62% retrace at 26.94 - 26.52. Once minor 2 is over, minor 3 should get under way, and that's the sweet spot - 3 of [3] - an impulse wave within an impulse wave

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Originally posted by Duane

Nice ABCD forming on XAU hourly, thanks for this one!! Great trade.


Originally posted by rat89

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screen shot 2016 09 08 at 10 37 35 am png