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| Technical Analysis Post your charts and share your technical point of view. |
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Oct 14, 2008, 14:45
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#1
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Newbie
Join Date: Sep 2007
Posts: 14
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Zig's tech-analysis for GBPUSD and other pairs
close short from 7604
604 now resistance, long towards 7800, short sustained break of 500
Last edited by zigflip; Oct 15, 2008 at 08:03.
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Oct 15, 2008, 10:12
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#2
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Banned
Join Date: Jun 2008
Posts: 52
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GBP/USD 1.7431
GBP/USD Open 1.7019 High 1.7627 Low 1.7266 Close 1.7388
The British Pound recovered significantly yesterday against the US Dollar from Monday's bottom 1.7266 to Tuesday's top 1.7627, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for the moment, next resistance for today is expected at 1.7700, the break of which would lead to next target 1.7790. In downward direction next support further down is expected at 1.7190, followed by 1.7100.
Technical resistance levels: 1.7625 1.7700 1.7790
Technical support levels: 1.7265 1.7190 1.7100
Trading range: 1.7420 - 1.7485
Trend: Upward
Buy at 1.7431 SL 1.7401 TP 1.7471
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Oct 16, 2008, 08:51
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#3
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Newbie
Join Date: Sep 2007
Posts: 14
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maybe downward continuation sooner.... watching
be ready to short but expect long building
nearest support 7163 holding for now
Last edited by zigflip; Oct 16, 2008 at 08:56.
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Oct 16, 2008, 09:39
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#4
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Trader
Join Date: Aug 2008
Posts: 134
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the possibility of pair return at 1.7380/1.7400, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.7300/20, 1.7240/60, 1.7120/40 and/or further breakout variant up to 1.7040/60, 1.6960/80, 1.6880/1.6900.
__________________
skype: biTrader
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Oct 17, 2008, 11:04
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#5
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Newbie
Join Date: Sep 2007
Posts: 14
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Quote:
Originally Posted by bitrader
the possibility of pair return at 1.7380/1.7400, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.7300/20, 1.7240/60, 1.7120/40 and/or further breakout variant up to 1.7040/60, 1.6960/80, 1.6880/1.6900.
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so basically write a bunch of numbers, with a number every 40 pips?????
keep your BS to your own thread bitrader
Last edited by zigflip; Oct 17, 2008 at 11:08.
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Oct 17, 2008, 13:33
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#6
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Newbie
Join Date: Sep 2007
Posts: 14
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gbpusd bit churny
240 is immediate pivot up/down! still waiting for direction
above that, topping at 390/430 would seal bearishness for medium-term and good for short;
or bullish continuation on break 390/430
below next level is 7100
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Oct 20, 2008, 08:54
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#7
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Trader
Join Date: Aug 2008
Posts: 134
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breakout variant up to 1.7480/1.7500, 1.7560/80, 1.7620/40.
__________________
skype: biTrader
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Oct 21, 2008, 09:48
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#8
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Newbie
Join Date: Sep 2007
Posts: 14
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bear resumes
covering at 6990, short pullbacks to 6800 and 6500
watching for muddy basing into 6500
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Oct 21, 2008, 16:17
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#9
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Newbie
Join Date: Oct 2008
Posts: 1
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Gbpusd
Hi gd morning,
GBP$ form a short term bottom.
I think gd to go long around 1.6975/85 with a stop @ 1.6915.
Upside potential around 1.7200/10.
redart
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Oct 30, 2008, 09:58
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#10
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Newbie
Join Date: Sep 2007
Posts: 14
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GBP pullback
shorting on signals above 6400
Last edited by zigflip; Oct 31, 2008 at 10:35.
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