phillo
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Posts posted by phillo
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update
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rejection so far
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balanced move ?
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lovely test of that level. Lower timeframe chart shows a classis "spike & ledge" pattern, with the ledge holding above the "50%" level (nice squeeze)
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If you guys "gut feelings or whatever are right about a move up in price, my opinion is a quick spike down ( stop run ) to suck up enough liquidity to then push it higher ( we'll see) Chart below suggests some levels
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Charts below show that price is reaching a historically tested zone ( in my opinion! ) . However the lower timeframe charts show price still in a downward channel & the hourly timeframe shows price has fallen below the recent range with a 127.2% fib ext test possible , if not more. Either way, there is no sign yet of any reversal, but the levels, zones etc., are there to see
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still seems to have demand !
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Well done
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If I knew, I wouldn't have asked !!!!!
Obviously a channel break - recent director sell, had quite a run etc - but that's quite a move
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thanks for the replies, you're very kind . I just thought that due to the size of the move, there was some news
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After a good run , the price fell back quite a bit today & I don't know why. Can anyone shed some light on this price drop. Many thanks
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Big level coming up, expecting price to thrust through it or reject it.
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oops through s/b throw
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Short term looks like it's been "flagging" with a potential H&S reversal forming. Longer term supply & demand zones shown. The Europeans are very good at creating situations that impact the Euro - Italy being the latest. Through in brexit and there is more uncertainty !
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GBPUSD short term as I see things stand
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Thank you
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Love this stuff , keep it coming. Many thanks
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good results today - running into resistance but has some momentum
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yes, noticed the increase of minimum position size , which again, was a little disappointing
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I did some live trades today
GBPUSD retrace trade
in Foreign Exchange (FX)
Posted