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- hirek replied May 1, 2008
trend is your friend ( and mine
— the difficult part with gu is that the pound AND the $ is currently bullish. So it s waving in the channel. So now i m very bearish with the pound. Situation in UK is very difficult and they will have their ...Cable Update (GBPUSD)
- hirek replied May 1, 2008
i mean i agree for the lower high but i m expecting going north
Cable Update (GBPUSD)
- hirek replied May 1, 2008
humm — i agree, but u forgot to draw the support line. Looks like a triangle to me. And we have a wonderfull pinbar on the 5 mn. Well, i m wondering if we will see a direction today.....
Cable Update (GBPUSD)
- hirek replied May 1, 2008
$ sell off — this big drop was because of the $, look at EU and gold. What we learn about this sell off is that the pound is very bullish they want it to stay above the TL pointing north. I would not take a short but i agree that in the ...
Cable Update (GBPUSD)
- hirek replied May 1, 2008
oooops
they did wait the close of the 1h to reinter in the canal.Cable Update (GBPUSD)
- hirek replied May 1, 2008
yes! — bonjour
TL will be broken by a close of a 1h candle in 2 mn. We could see 2.01 very soon. I couldn t imagine breaking the TL at 2.01 because of fundamentals. Maybe a sharp sell off of the $ (this alternative looks limited to me) And ...Cable Update (GBPUSD)
- hirek replied Apr 29, 2008
i agree completely — Very good analysis and targets. Just how did u come out with this 2.066 target? Actually i was also looking for a break of the TL around 2.01, but i really couldn t see any target-potential reversal... just the direction ...
Cable Update (GBPUSD)
- hirek replied Apr 19, 2008
room to go down — EG goes in a channel. The bounce on the resistance line has been violent. I see a lot of room before a new uptrend. I will look to load some around 7750, things must be doing as usual after this sell off. I joined GU too, ...
EURGBP - Correction or Reversal?