Hi everyone
EURCAD
We got that retracement as we believed men - the ultimate target was 15350 - amazing
Down to 1.500 at
Hi everyone
EURCAD
We got that retracement as we believed men - the ultimate target was 15350 - amazing
Down to 1.500 at
Hello Harry
Again, did you watch the Video? We may need to look a long way back to find goals.
I had been only surmising that EURCAD would retrace after reaching 1.5250/70 because it did so some time ago. We look at the PAST to forecast the future!
EURCAD
Well it attained that significant level and resembles the retracement is starting. First goal 1.5200
GBPJPY
Well it hit a small brick wall at 150.00 as expected. It is a solid support area so GBP might need to be a lot weaker then it's currently to break. Trouble is that I expect GBP-positive news tomorrow due to the poorer Pound so we might not observe a breakthrough whatsoever until later in the week.
GBPCAD
I lot more bearish and if we break through 1.7600 support it's all of the way down to 1.7300. However it depends on the way the news tomorrow affects the position. Whatever the case I wouldn't advise entering a brief now unless you're confident of a breakthrough
Hi
I don't know, sorry. They do use the 200 ema that's for sure. But I am not subscribed to their service so I don't have any further info.
GBPJPY
Well it looks like at last that this pair is tradeable following the correction since off the bounce 200 ema ended and it broke through major service areas yesterday. Next down one is the significant one at 150.00 that I think will probably be taken out on Monday as GBP looks weak for the forseeable future. My suggestion would be to wait for the breakthrough and then enter a transaction on retest (that will almost surely occur)
Hello everybody
I think it's time to revive this thread since there's absolutely no doubt that the 4 hr chart is probably the best chart to exchange. Although one wonders just how many small traders actually exchange off the 4 hr chart - it is so tempting to return to the lower time frames and therein lies the spiders web!
Having a look at GBPUSD, it's at a key support area 137.50 and whether or not it breaks (which I think it will) we're going down all the way to 135.50. We can re-assess
Many thanks.
The horizontal aqua blue lines are manually drawn or is that any indior.
Best regards,
Sure.
They are posted below.
https://www.cliqforex.com/attachment...1313027757.mq4
https://www.cliqforex.com/attachment...1661891401.ex4