FX:GBPUSD   British Pound/U.S. Dollar
16411 39 308
Hi Guys, hope all of you are having a great weekend. I am expecting the GBPUSD             to make one more impulse down, but the question is, is the correction over? I guess next week we will all know. Maybe one more move up before the down impulse.
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snapshot
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yes agree
gbpusd
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Beauty of understanding.
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shahan.rehman PRO MarkSterensohn
@MarkSterensohn, the term, trend, is not really an absolute term, especially how it is used by most people in the trading community. You've said that AUDUSD has a worst trend, so I wonder if there are degrees to a trend or rather there is a trend or not.

I am looking at the AUDUSD chart on the 4H timeframe and in 48 bars, i.e. 192 hours, Australian Dollar has declined around 444 pips or 5.72%. USDCAD on the other hand, made a recent high on the 14th at around 1.3588 and since then, in 24 bars has gain against the US Dollar by 91 pips or 0.67% The exact same comparison can be made on the daily and weekly charts. From what I can see on the charts, at least on the larger time-frames prices don't seem to be in a trend at all. In fact, AUDUSD has been in a sideways move on the daily time-frame since the start of the year. Similarly for USDCAD, which also has been in a sideways move from around May 2016.

So I guess the more important question would be, how does Forex Finviz describe a trend.

As far your trade is concerned and leaving aside their flimsy system of attributing a subjective value to a trend, AUD is losing against the USD, whereas CAD pretty much sideways against the USD so naturally AUD would lose value against the CAD as well since. Similarly for CADJPY, CAD is pretty much flat whereas, the JPY has moved considerably, 960 pips, 9.5% in around nine days to be exact. So basically from what I see, neither of the price changes were as a result of CAD which was supposedly having a stronger trend than AUD or maybe even JPY.

One very very important note, longer time-frames, though, are crucial for developing a directional bias but if your trade ideas, i.e. entry, stop-loss, take-profit and risk-management are based on the weekly time-frame, one trade idea would take several months to pan out if not years and you should have at least a couple million dollars to make decent amount of money while risking a reasonable sum relative to your overall equity.
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well I argue technically and fundamentally its bullish now.
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dmoss behr100
@behr100, Its bearish and I think its going to break that correction trend up
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if usd has a correction in the coming week be4 dec then i feel gbp usd will be up.

the usd rally has lasted two weeks so likely to see profit taking in the last wk of nov. so they can use the profits n book their dec vacation. also is us thanksgiving week

i believe more likely to see a bounce. usd cannot be gg up everyday. i will wait for a deep correction now n wait dec start to enter a fresh usd long for dec 15th fed hike
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more obvious to the down side
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How do you identify a bounce or a break clearly, can someone pls link me a good article or anything? that would be great! I'm still trading on demo, learning phase.
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@ubersorg, Some people look for reversal signs and others just wait to make sure its a bounce or a breakout :)
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thx for the analysis :)

this is what i see

GBPUSD BUY
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@xecution, Key is why UK is leaving the EU. This video from the Brexiters why they voted to leave and from the information it seems like they are better out of the EU. If they survive then the pound goes higher from here imho.

https://www.youtube.com/watch?v=UTMxfAkxfQ0
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Hi Anil
nice I posted this chart last week I see Flag here to be completed with one more ouch
GBPUSD SHORT BUNCING BETWEEN THE TOP AND BOTTOM OF FLAG
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I see it moving more than with 1.2055 as target
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I see it going more down with 1.255
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good analysis: I suggest buying at around 1.2230
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My chart looks like it broke out already? I would post a picture but I don't know how.
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how about the head and shoulder? looks like pointing down
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Ok Guys, sorry for not doing the weekly webinar on Friday, I will do it today, register now , the link is as usual in my profile .
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IS this 4 hours chart?
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mrhimsly RuhailKhan
@RuhailKhan, Yes, you are right mate.
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RuhailKhan mrhimsly
@mrhimsly, Thank you Sir,
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mrhimsly RuhailKhan
@RuhailKhan, You are welcome.
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Great Anil!...
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Thanks!
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How about this mate? Is there any update?
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Dear Anil, i need your advice, ABCD, 5-O, three drives Advance patterns are workable?
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Thank you for the webinar and for the chart updates
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Amazing Anil, consilidation and impulse!
Look out, something will happen USDCHF.
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ok, so it broke out sideways, and it seems to be wanting to go down now...hope not.
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mrhimsly cpozzer
@cpozzer, I think this will be your consideration mate.
1. https://www.fxstreet.com/news/uk-sterling-outlook-becoming-much-less-exciting-socgen-201611220755
2. https://www.fxstreet.com/analysis/gbp-usd-overall-trend-is-bearish-video-201611221242
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Is there any update here mate? Thank you.
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The structure change or still same here?
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@mrhimsly, nothing is changed
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Still trade here, and wait for the wave up. Thank you.
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what the heck happened here lol
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sir Update ?
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perfect anil 300+pips in the bag
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H&S in gbpusd!!! sorry but i dont know how.to post here a chart
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Zink Zink
@Zink, https://twitter.com/ZinkPT/status/806941518506258432
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