Do you have any technicals to support your guess work?
FYI Your RSI is actually showing the opposite of what you claim since you can draw a descending trendline using the last three highs...
obviously a break of said trendline would then support your ... statement.
dimitrisss27
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@chaosbegone, trend is your friend vs nothing last for ever and ceo didn t help... i choose the first. market will tell us the truth. You are right i ignore everything about analysis..pound come from huge fall but in these levels it run out from news.. so I step in with the bulls 1.3334 long
@dimitrisss27, Since i have shorts from 1.4368 (954 pips) all the way to 1.3634 (222), I'll wait to exit when Elliot wave analysis says so ... or reconsider exiting if it hits 1.3495. But good for you banking 170 pips.
dimitrisss27
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@chaosbegone,goodmorning. the timeframes I use are 4 hours. the larger image yes is down and I have closed my position. this sharply decline is not turning so easily. thank you for your comments. I am here because I want to learn. congratulation for your position :)
chaosbegone
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@dimitrisss27, Unfortunately this is not the place to learn about the Forex market. Most traders that post their charts are either newbies/unsuccessful traders. I comb this site to monitor sentiment and to see if there's someone offering up a solid point of view i might have missed ... or just a view point i haven't yet considered. And thanks the positions have already enabled me to quit my day time job :)
dimitrisss27
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@chaosbegone, your position has really been a reflection, and what you say is true. I personally thank you. I gain from it , be sure
FYI Your RSI is actually showing the opposite of what you claim since you can draw a descending trendline using the last three highs...
obviously a break of said trendline would then support your ... statement.