D-Rod
Long

Divergence spotted & Good reasons 2 buys

FX_IDC:GBPUSD   POUND STERLING / US DOLLAR
584 26 6
1. Upcoming Euro             news can help push this pair up
2. Divergence
3. FOMC Meeting Minutes coming.. Only bad news came out since USD Rate Hike.. & global markets are just... x_x close my eyes face )

be careful for Friday news.
I DON'T see this pair going much lower though..
naxis_ac
a year ago
do you refer to this news https://www4.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2016/01/05/Euro-British-Pound-May-Fall-on-Soft-Eurozone-Inflation-Data.html
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D-Rod
a year ago
the germans has a bit of a fall but the others picked up themselves up to kinda equal things out.. that noise doesn't seem so noisy soo yeaaa
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naxis_ac D-Rod
a year ago
hope gbp go up otherwise, cannot fight back
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claudegeneva
a year ago
i "see" also GBP USD going up... but I don't understand why it is blocked around 1.467...
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naxis_ac claudegeneva
a year ago
so wired ...according to dailyfx It may likewise punish the British Pound considering further ECB easing stands to compound imported disinflation pressure in the UK, delaying the onset of BOE rate hikes.
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claudegeneva naxis_ac
a year ago
crazy situation
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naxis_ac claudegeneva
a year ago
T.T
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D-Rod naxis_ac
a year ago
T.T. ?
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D-Rod naxis_ac
a year ago
that's alright.. I dont believe Gbp will be dragged down.. Eur USD...yea.. it would probably go all the way down to 1.060 if FOMC M.M. is good. I don't expect Usd to look bright once the FOMC meeting comes up.. just wait till Services Pmi to make a decision or it wouldn't be bad to get in right now @ 1.4667 off a bounce.. imma wait for the Services Pmi
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naxis_ac D-Rod
a year ago
cool...there is bounce for GBP and JPY
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D-Rod naxis_ac
a year ago
gbp jpy


It would be smart 2 wait after the Gbp Services PMI 2morrow..
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D-Rod naxis_ac
a year ago
Its in an area of consolidation
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D-Rod
a year ago
# 3 says.. FOMC Meeting Minutes coming.. Only bad news came out since the Fed Raise Hike.. & global markets have been bleeding bad.. Its unemployment picked up recently & manufacturing has been bad all year round..
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naxis_ac D-Rod
a year ago
thanks for sharing...i am on long on gpd and jpy...coz just loss 2k
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D-Rod naxis_ac
a year ago
anytime & good luck.
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naxis_ac D-Rod
a year ago
i on long on gdpjpy as well... it is good time to long i reckon
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naxis_ac naxis_ac
a year ago
https://www.poundsterlinglive.com/gbp-live-today/3218-british-pound-softer-manufacturing-pmi-34234
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D-Rod naxis_ac
a year ago
@ 172.3 is fine place 2 long considering that's the price where a lot of volume, fine support price due to all those previous resistance.. i'll get in on this after the Service PMI. best of luck 2 you
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Muscenti D-Rod
a year ago
its poppin
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D-Rod Muscenti
a year ago
i looked at the title and next time.. ill put something like what to look 4 during for a buy opportunity.. the news didn't go as I hoped & I didn't even get in this pair until 2 hours b4 the FOMC meeting.. I got out with 1 pip.. it didn't sustain itself & well there is still USD news coming soo that's why I exited.
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Muscenti D-Rod
a year ago
snapshot
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D-Rod Muscenti
a year ago
next time ill put What to look for during a buying opportunity**** the news was coming soo I posted this chart up b4 the pair look took a path
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kosai19
a year ago
Do you have a reason for drawing your bottom trend line like that? It's not touching price as it fell.
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D-Rod kosai19
a year ago
it was a little off. sorry.. it wont happen again.
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D-Rod
a year ago
looking to buy very soon becuz of FOMC Meeting coming.. R/R 120-55
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D-Rod
a year ago
bought at 1.4601. R/R 180-55..
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