TAS
Short

GBPAUD about to stop on long excitement

FX:GBPAUD   British Pound / Australian Dollar
GBPAUD             about to stop on long excitement
Thanks for the macro & manipulation view...
Now what ? will it continue to move up to 1.76... ?
Reply
TAS dakkid
@dakkid, Why would it go up? Share your chart here. It just took out the stops of the previous high, the expected move is still the same.
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@TAS, This is the reason why it would go up : the strong break of the triangle pattern :

What do you think ?
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dakkid dakkid
It broke the triangle pattern strongly to the upside : size of the new move up would be the same size of the base of the triangle : so something like 1.76 , 1.77...
A retracement to the triangle is probable, but then a strong move up to the 1.76 - 1.77 area... What are your thoughts ?
Reply
TAS dakkid
@dakkid, hey man PLEASE don't take this the wrong way, i encourage interaction. I could bet you that by tuesday it will resume down and will not go to 1.7787. I don't say this in anyway to tease. I understand your chart, and using trendlines and triangles you are right. But, my feeling is that it will not happen. I look at pairs in a transversal way to get a feeling for the value of each. Let's do this, if you are right I'll go back to trendlines and triangles. PLEASE take this in an ironic and humurous way, not as a provocation.
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@TAS, Ok mate. Seems like a good deal :-) for me it will retrace to 1.71539 then shoot UP to 1.76xxx before going for a major down. Let's wait and see.
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@TAS, Hey mate, do you still think it's going down ? We have big news tomorrow (CPI data)...
Reply
TAS dakkid
@dakkid, Hy man. My view is based on higher TF, so Yes. It's doing what was expected, only with more volatility, came down to the level I drew. it's probably a good time to short, when everyone is looking up.
snapshot

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TAS dakkid
@dakkid, you see bro?
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@TAS, Hey Buddy, retraced to your 1.710 level but now it's showing very strong bullish reversal again... ATM of writing... your take profit is at 1.69 ?
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