MaryJane

Triple Bottom? Flag?

FX:GBPUSD   British Pound/U.S. Dollar
1070 11 47
If this was a Chart from a stock, i absolutely would short it below the last two lows ( it would be a classical bearflag) ...but it is a currency (which really dipped very deep) , so such a "flag"-drop seems to be totally unrealistic for me.
The risk loving "Bottom-Fisher" could try to catch the bottom with a very narrow sl below the last lows (very nice CRR!). TP would be again 1.34
Comment: i prefer then procyclical breakout at the downside ;-9
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Comment: Attention please! Reached tp1 , no we have reached THE Action Point!!!!!
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Comment: RSI oversold now - retest of the bo-niveau?
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Comment: that`s it!
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Comment: crazy move..!!!
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Comment: never thought that!!
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Comment: wowwwwwwwwwwwwwwwwwwww
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Comment: Monstertrade!!! Don`t forget to save your win -adjust your sl
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I love your work..
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Hello, from this level will return? or more of the following do you have?
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MaryJane kenanseha
perhaps till 1.2710
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kenanseha MaryJane
Thanks
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Thnxs
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Mary, I'd love to agree with you but am not sure. As you say, it it were a stock, you'd short it. I'm going to sit on the fence here....
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In my work (published 4 days ago) I spotted your triple bottom also. The low of the triple bottom was 1.27893 on July 7th. The next low was 1.28654 on August 15th.
The third low was 1.29942 on September 16th. The trend measurements I use have gone neutral in the past 24 hours (not a lot of down-ward pressure). I would not short until 1.27893 is taken out.
You are so right about currency being different from stocks. It might be we are on hold waiting for the Fed to announce. You do great work. Don.
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MaryJane 649bruno
Hallo Don, thank you for your view. It`s good to read, that others have a similar opinion..thx and greez
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You in already ?
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MaryJane purpurato59
still waiting for Yellen this evening... i can recomment always to stay flat in front of such News...
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