GBPUSD

[hunter]

How do you know that they are the one moving this pair?

1992 was when the GBP crashed right? I was researching about what Soros saw during those days.. and that chart came out..

Master Pipoy, I was just wondering, would it get stuck in that price range again? thanks!

[yeahbah]

Yes, it's moving sideways on the weekly chart. Actually moving within a symmetrical triangle pattern.

I see two harmonic patterns forming, a bearish gartley on the 4-hour chart and a bearish butterfly pattern on the hourly chart. Both pointing to a short at 1.6330/50.

What do you guys think of that level?

[yeahbah]

How do you know that they are the one moving this pair?

1992 was when the GBP crashed right? I was researching about what Soros saw during those days.. and that chart came out..

Master Pipoy, I was just wondering, would it get stuck in that price range again? thanks!

ah hanapin ko nga rin article, thanks

[pipoy]

boss yeahbah sori ha nangiinis lang kasi walang magawa ehheeh

[yeahbah]

boss yeahbah sori ha nangiinis lang kasi walang magawa ehheeh

I'll just remind you that this forum aims for quality not quantity. Try to be objective in the discussions. We are here to share our analysis in the Forex market and hopefully profit from each other's analysis. We have our own trading system and more often than not, we will have contradicting analysis. I understand that you are trend following trader while I'm a counter trend trader. I'll be most of the time in the opposite side of the fence

Alright that's that. Moving on

[yeahbah]

Potential harmonic patterns:

* Bearish butterfly on H1
* Bearish gartley on H4

Both patterns' D points to 1.6330.

There's a ascending triangle in H1, it's tradeable but I think I'll pass. I'll just wait for that patterns to complete.

gbpusd1.gif (83.65 KiB) Viewed 142 times

gbpusd4.gif (82.04 KiB) Viewed 141 times

[hunter]

hmmm... what about

buy @ 1.6185
tp @ 1.6330

oco

short @ 1.6330
tp @ somewhere 1.6100

[yeahbah]

on the way sa short area. na execute mo yung long mo?

[hunter]

on the way sa short area. na execute mo yung long mo?

ndi eh.. sayang.. hehe.. biglang pumitik e.. kung kelan ko lang narealize.. lol!

ung sa short nlng.. confirmed na po ba yan?

[yeahbah]

ma confirm lang kapag nag reverse mula dun sa level na yun. malamang entry ko nito sa 5 or 15 minute chart. Kung magiging agresibo ako sa trade na ito, aabangan ko na sa 6330/50 yan tapos stop 60pip stop loss