3/2. Price action continued to a maximum high of .9147 – a move of +350 pips from Mondays open with the move testing the 2 red trend-lines and yellow target zone shown on previous charts.
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26/2. Eur.Gbp moved higher after a 123 pattern followed by a TL break-though on the daily chart. Bull Flag mentioned on 23/2 with ‘pop’ on yesterdays candle.
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Eur.Gbp just missed the first target line of the zone (.8845) by 5 pips. We took some profits last night before closing up and put the balance with stop at +20. It would appear the market didn’t like the ‘Greece’ news, and as I said earlier in the week – buy the rumour – sell the fact.
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The maximum on this so far has been around 80 pips and a number of members have been taking various and multiple amounts. Before I finish analysis of the charts and complete todays round up I know many members are anxious to see the updated chart.
Last nights action tested the
A lacklustre day today as the market absorbs the major moves of last week and while the opposing forces re-trench to consider their ongoing options. Here are my thoughts for today
According to comments and e-mails a number of members day traded/scalped this yesterday for a maximum of up to +45 pips.
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There was a great trade with this pair last week and a maximum of around +100 pips (see last weeks chart).
If anyone knows or remembers about the Read more…
We don’t often look at this one but a member requested information so here is the chart and a few thoughts. Potential appears for a test of the broken TL and a run to the Kumo (Senkou A) or further probe. 1H chart is bullish on Ichimoku elements, higher time frames are not confirming as yet.
