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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Al
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    1.33 and up?

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    6b 2017 10 16 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    The large drop just after I have posted the chart above makes me think about 1.32 as teh next level today.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    The chart:

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    6b 2017 10 16 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Watch this correction to 1.3315. Somewhere in here the next leg down to low 1.32's is likely to start.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Correction ended at 1.3315 and gave a nice initial reaction. The problem is that Cable is being driven by political news today, so any market read can be negated in an instance.
    Anyway, it looks as set up for an overnight drop. If this scenario plays out, the Pound is more likely to find support at 1.3180 rather than above 1.32.
    Originally posted by MarcinO

    Watch this correction to 1.3315. Somewhere in here the next leg down to low 1.32's is likely to start.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Finally. A real drop has started!
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    Click image for original size
    screen shot 2017 10 16 at 3 20 36 pm png

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    screen shot 2017 10 16 at 4 00 25 pm png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    what we saw this morning:
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    screen shot 2017 10 16 at 10 18 49 am png
    RA
    rat89
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    Posts: 7,015
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    Click image for original size
    screen shot 2017 10 16 at 10 26 00 am png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    reports after the close:

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    screen shot 2017 10 16 at 4 03 03 pm png

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    screen shot 2017 10 16 at 4 03 19 pm png
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    another failed bull setup:

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    screen shot 2017 10 20 at 11 51 26 am png