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xologeis
Jan 22, 2014 10:13 AM
GU - Ye old measured move
FX:GBPUSD
240
British Pound/U.S. Dollar
FXCM
Description
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Jan 22, 2014 10:13 AM
I like to observe these kinds of things
Comments
ForceFollower
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Jan 22, 2014 10:33 AM
What next? Probably even higher - up to 173.83...
xologeis
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Jan 22, 2014 10:44 AM
Well we also ran into the LBR from 240 at that level (to the pip), so I think a little pull back n reload (if it indeed goes higher - I will be ready to play the push-fail though ;D)
xologeis
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Jan 22, 2014 10:49 AM
LBR is (Low Break Retest level) is from a broker feed (main charting done here for that account) - snapshot here:
dl.dropboxusercontent.com/u/378033/gu-lbr.png
ForceFollower
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Jan 22, 2014 11:45 AM
Thanks, I'll check it out. So far to me LBR stood for Linda Bradford Raschke, a renowned trader... :-)
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