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    MarcinO
    Rep: 67
    Posts: 5,506
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    Starting if off today, although due to President's Day, we may see some moves on Tuesday at the earliest.
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    MarcinO
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    Cable seems like setting for a nice move up.
    My first resistance levels are 1.2450 and 75.

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    6b 2017 02 21 png
    MA
    MarcinO
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    They made another push lower, but it didn't change my resistance levels for the Pound.
    MA
    MarcinO
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    And if 70 area is violated, that implies a move above 1.25 (two sublevels there around 1.2510 and 30).
    MA
    MarcinO
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    Stopped at 1.2450 for correction and going into 70's now. That might be the end of the move.
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    MarcinO
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    (Edited )
    But they want to break that downsloping TL, I guess.
    1.25+ after otherwise poor trading day?
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    MarcinO
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    It stopped at 78 and I'm done for today.
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Nicw work, Marcin.

    Al
    RA
    rat89
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    Click image for original size
    screen shot 2017 02 21 at 6 27 19 pm png

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    screen shot 2017 02 21 at 6 13 35 pm png

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    screen shot 2017 02 21 at 12 48 45 pm png
    AL
    albert
    Rep: 99
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    rat,

    Cool charts!

    Al
    MA
    MarcinO
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    (Edited )
    So they hit 1.2510 overnight and are preparing to sell the Pound, I guess.
    1.2440 looks nice, with minor support on 1.2460, but the real move will start after FOMC minutes release today.

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    6b 2017 02 22 png
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    MarcinO
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    1.25 hit. No we will see.