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.
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks Duane, but I missed actual yesterday's LOD at 1.3280. Anyway,I hope to see lower levels hit today, unless the data release at 5:30 today messes it up.
I am following your work on Euro (I used to spend a lot of time on this pair but switched to Cale) and GBPJPY. Yen pairs are very interesting these days, but too tricky to me as for now.
I am following your work on Euro (I used to spend a lot of time on this pair but switched to Cale) and GBPJPY. Yen pairs are very interesting these days, but too tricky to me as for now.
MA
MarcinO
Rep: 67
Posts: 5,506
Without incoming data release I would assume they will drop Cable just below 1.33 and then send it up to 1.3350, but with incoming trade balance data release, anything can happen.
RA
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
Originally posted by Duane
Nice ABCD forming on XAU hourly, thanks for this one!! Great trade.
Originally posted by rat89












