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Technical Analysis Post your charts and share your technical point of view.

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Old Oct 14, 2008, 14:45   #1
zigflip
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Default Zig's tech-analysis for GBPUSD and other pairs

close short from 7604

604 now resistance, long towards 7800, short sustained break of 500
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Last edited by zigflip; Oct 15, 2008 at 08:03.
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Old Oct 15, 2008, 10:12   #2
rosetony
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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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Old Oct 16, 2008, 08:51   #3
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maybe downward continuation sooner.... watching

be ready to short but expect long building

nearest support 7163 holding for now
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Old Oct 16, 2008, 09:39   #4
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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.
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Old Oct 17, 2008, 11:04   #5
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Quote:
Originally Posted by bitrader View Post
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.
so basically write a bunch of numbers, with a number every 40 pips?????

keep your BS to your own thread bitrader
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Old Oct 17, 2008, 13:33   #6
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Default 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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Old Oct 20, 2008, 08:54   #7
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breakout variant up to 1.7480/1.7500, 1.7560/80, 1.7620/40.
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Old Oct 21, 2008, 09:48   #8
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Default bear resumes

covering at 6990, short pullbacks to 6800 and 6500

watching for muddy basing into 6500
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Old Oct 21, 2008, 16:17   #9
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Default 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.

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Old Oct 30, 2008, 09:58   #10
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Default GBP pullback

shorting on signals above 6400
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Last edited by zigflip; Oct 31, 2008 at 10:35.
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