FOREX - Trends, Forecasts and Implications (Episode 18: August 2012) - page 495
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Hi all, the pound went crazy on the spot -) where did it go and why?)
It should have flown two days ago, braked until today.
The accelerator pedal was on and off )))
Hi all, the pound went crazy on the spot -) where did it go and why?)
The decisive moment is the break/break of the channel.
Euro/Dollar important levels are: 1.2548, 1.2491, 1.2463, 1.2411, 1.2392, 1.2346, 1.2246, 1.2230 and 1.2193. Here, the continuation of the upward movement, we expect after the breakdown of 1.2346, in this case the target 1.2392, further levels for the top remained unchanged. The range 1.2246 - 1.2230 is the key support for the upward structure from August 2, its penetration by the price, will lead to the cancellation of this trend, here the potential target is 1.2193, upon reaching this level we expect consolidation.
Trading recommendations:
Buy: 1.2346 Take profit: 1.2390
Buy: 1.2411 Take profit: 1.2460
Sell: 1.2230 Take profit: 1.2195
TheEuro/Dollar important levels are: 1.2548, 1.2491, 1.2463, 1.2411, 1.2392, 1.2346, 1.2246, 1.2230 and 1.2193. Here, the continuation of the upward movement, we expect after the breakdown of 1.2346, in this case the target 1.2392, further levels for the top remained unchanged. The range 1.2246 - 1.2230 is the key support for the upward structure from August 2, its penetration by the price, will lead to the cancellation of this trend, here the potential target is 1.2193, upon reaching this level we expect consolidation.
Trading recommendations:
Buy: 1.2346 Take profit: 1.2390
Buy: 1.2411 Take profit: 1.2460
Sell: 1.2230 Take profit: 1.2195
What about the bai at the top that was "in the works", what about them?
yes please)
eur/usd buy stop 1.2305 T/P 1.2330 S/L 1.2280
eur/usd sell stop 1.2255 T/P 1.2230 S/L 1.2280
gbp/usd buy stop 1.5690 T/P 1.5715 S/L 1.5665
gbp/usd sell stop 1.5640 T/P 1.5615 S/L 1.5665
gbp/jpy buy stop 124.35 T/P 124.60 S/L 124.10
gbp/jpy sell stop 123.85 T/P 123.60 S/L 124.10
eur/jpy buy stop 97.50 T/P 97.75 S/L 97.25
eur/jpy sell stop 97.05 T/P 96.80 S/L 97.30
Hi! I think we're going down, I can't see anything else...