Jack , is GBP now forming a hourly reversal pin bar? I am confused with daily pin bars most of times, because i realized there are different daily close price if i use different forex broker.........
Calamity
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hmm, it has failed to close as a reversal pin bar.....1.28, 1.27 is on the way...... i just opened a short position
Trendhopper
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Price can reverse without a pin bar and often does...pin bar is just added confirmation....I think we will see a bounce up personally and this support will hold for now, not as strong as previous bounce but still a bounce...a better guide for the bounce is the GBPJPY chart as it is has a very clear descending triangle pattern so each high is getting lower...all the GBP pairings reversed/hit support at the same time friday so they are all synchronised so other GBP charts will give you clues on GBPUSD future moves...
Calamity
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Thanks, but you did not answer my question. I am not asking you to tell me to short or long GBP, my initial question was asking the difference of closing prices. And it make 0 sense if im right this time with this short position, i want to know the technique.
and if you go wrong with 1 chart you go wrong with all of them, so your idea of comparing other GBP charts is not valid.
btM_Afta
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is going very well ! :D
ShahidUmer
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there is problem in c point.please check it again
alan_watch
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hey Jack; u have Euro going down and GBP going up... with FOMC coming up; wouldn't they go in the same direction?