Still long from this post here with parameters as...
Target 1 @0.70377
Potential Gain = 226.4
Potential Loss = 135
What looks to me like a Bull Flag pattern might be forming below the
0.685 handle. Might be completely wrong but, meh, we'll see.
GBP/USD LONG @ 1.28632. Missed the better entry signal at 1.28030 my system printed on 01/09 so my R:R is not-so-hot at 0.7. This one could take some time to reach T1 and I'm expecting a bunch of mood swings, per usual for Cable Pairs.
Ages ago, September 14th to be exact, I posted that if you were shorting the Dollar/YEN, you shouldn't be because the YEN had been underperforming basically everybody at that time. The dollar was strengthening against the YEN, but not necessarily because the Dollar was strong, but mostly because the YEN was weak. At the time the Dollar was running in the middle of...
LONG Signal - 09/18/18 @0.71958 (Missed Entry)
Targets - Dashed golden lines
Fib Extensions: 1.000 - 2.618 Navy Blue lines
My actual entry on the 20th is under pressure from today's price action in anticipation of FOMC. Aussie has been very weak so this trade might not work out. We'll see.
SIGNAL: LONG issued on 09/18/18.
TARGETS: Dashed gold lines with 1st @84.630 for an approximate 295 pips.
Fib Extensions: 1 - 2.618 (Solid Blue lines)
Signal Strength: Weak. Watch for correction.
I've hit my first three targets after calling the short on USDCHF a month ago on August 21st. I had mentioned that getting to Target Three was going to be more difficult than targets One and Two. Nevertheless, the current Bear on this pair is firmly in place and there is still room on the downside as global markets are displaying a more risky appetite.
I am short the EURGBP @0.88579. Sub-optimal price, but hey, what are you gonna do, right? I fully expect a pullback, which actually might be preferable so that I can get an even better price.
Target 1 is about 220 pips away @0.86585, although there two demand zones (blue rectangles) that BEARS will need to get through.
On two separate occasions within the month I've noted the shifting trend on the CABLE/DOLLAR.
First, on August 29th I wrote that after finding support around 1.2690, Bulls were now in position to bid up the market. I was neutral then, but as I posted again on September 12th I noted that I actually missed my signal to go long that was issued on August 24th. As...