Long from last week at 3495, which is the lower level in the weekly noise box. Bears never get a valid cross from 3600->3495 so they have to start it over again. However, bears have setup 3460 as ST target ST, bulls indicate 3605, however a move to 3637/374x will be just normal for the bears as well. Probably there will be range playing until next weeks FOMC meeting
Comments
mozi
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what do you see in GBP , i m looking for 1.6970/30 at least on my short where i will take partial profit
R6B8
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I see your levels, I will be a buyer with a wide SL in this area. 7023 was indicated before we took out the 718x high with some pips. I had a pending short at 7192 but it was missed, so I'm little bit late in this drop.
723x was indicated before so I do not think we will have a serious drop until that happen
mozi
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here gbp but bigger time frame
mozi
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R6B8
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G/U hit the target let's see if we will bounce
mozi
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Seems it s going to 1.3380 , before 1.3730 .
If we go 1.3730 first so 1.3380 /60 might not hold
R6B8
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It looks bearish atm but I will not short this before a pullback, 363x/373x/383x is the places I will look for. I will also keep an eye on where we close the month. The bears didn't manage to made a valid cross so they need to go back again above 1.36 and try again
R6B8
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Something like this?
mozi
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i like this scenario , matching my idea
R6B8
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Will be a kind of a three drive buy pattern. Think the second bump can reach above 1.36 before the last bear leg