If you want to bet against the sterling, I believe the decline may be even more pronounced, if you do that in a pair with the franc. I mean, if the pound is to fall, it'll probably do that better against the CHF than the JPY. Just my opinion.
itaskar
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for now, i think that sterling its going stronger in the upcoming season, here exactly to 168.80, neckline retest, 0,5 fibo from 22/1/14, then fall to 2009 hights, its above 600pips :)..chf pair is looking like wedge for me, so, tomorrow i expect to 1,4800 and down to 1,4570-1.4600 and then i see a bigger correction there. i can be wrong but i see it that way, so i am out for now from all gbp pairs, and waiting..
ForceFollower
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So am I. No gbp in my portfolio at the moment, just cad, chf and nzd... perhaps also jpy. But I'm closely watching gbp/cad, curious what's going to happen next there.
itaskar
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:)) i can just guess, but this can be break from round bottom and confirmation, you did expect it.
Yes, it does. I agree. That's exactly what I expect to see. But I have seen so many pattern failures that I always act with caution. ;-) I've got and read Bulkovski's book, but thank you for that link.
itaskar
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bearish hanging man in 4h
itaskar
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neckline holds, i think there will be another shoulder, maybe aroud 168,00