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ovaforty replied Oct 11, 2011Market is waiting on the Slovakia vote. Buy dips.
Cable Update (GBPUSD)
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ovaforty replied Oct 10, 2011I feel the same way about other trader's charts. hehe The moving averages, fibs, and swing high/low forms targets to aim at.
Cable Update (GBPUSD)
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ovaforty replied Oct 10, 2011The daily chart shows a strong bull candle as we get to the close of the London session. Market Sentiment has turned to Risk Appetite for now. Still shaky but stabilizing into earnings season here in the U.S. The yellow 38 fib is providing ...
Cable Update (GBPUSD)
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ovaforty replied Oct 10, 2011The weekly chart shows upside target to the previous swing low resistance around 1.5779 area.
Cable Update (GBPUSD)
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ovaforty replied Oct 10, 2011The 4 hour chart shows strong buying interest around the 1.4120/00 area. My target is just below the green 22 sma for exit.
GBP/CHF and USD/CHF
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ovaforty replied Oct 10, 2011The daily chart shows an inverted head and shoulder formation, followed by a bull flag formation. Resistance is provided by the pink 300 sma just above the 1.4400 area. Support is provided by the the blue 14 sma, the green 22 sma, and the red 200 ...
GBP/CHF and USD/CHF
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ovaforty replied Oct 10, 2011The weekly chart shows resistance provided by the brown 55 sma around 1.4487 area. We see a retrace occurring to the yellow 5 sma area around 1.4100 or so.
GBP/CHF and USD/CHF
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ovaforty replied Oct 10, 2011The monthly chart for gbp/chf shows a morning star reversal pattern. Intervention is always a threat on the chf pairs, so I would give preference to buying dips on a Risk On (Risk Appetite) market sentiment. Scalping shorts on the lower time frames ...
GBP/CHF and USD/CHF
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ovaforty replied Oct 4, 2011Bears are covering their shorts and taking some profits. If Dow rallies into the close, it is hopeful for you guys long this pair. Short term.
Cable Update (GBPUSD)
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ovaforty replied Oct 2, 2011cable daily chart — The daily chart shows a spinning top. Indecision. The green 22 sma is sitting around 1.5703 or so. We need a candle close above there to signify a temporary short term bottom has been formed. Large wicks on the tops of the ...
Cable Update (GBPUSD)
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ovaforty replied Oct 2, 2011cable weekly chart — The weekly chart shows the pull back from the lows but the large wick on top denotes selling pressure. The candle is an inside bar. the momentum indicators are predicting at least a 5 sma retrace to 1.5757 or so. The aqua ...
Cable Update (GBPUSD)
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ovaforty replied Oct 2, 2011gbp/usd monthly chart — The monthly candle has closed as confirmation of evening star formation. The price was rejected on the 23 fib, however. The large wick on the bottom indicates some buying interest at the lows. The ascending trendline ...
Cable Update (GBPUSD)
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ovaforty replied Sep 23, 2011It is a pattern following a big Thursday sell off. Thursday = big sell off Friday = choppy consolidation Monday= market Capitulation Tuesday= possible reversal of sentiment and relief rally. Wednesday= risk appetite. This is a pattern I teach my ...
Cable Update (GBPUSD)
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ovaforty replied Sep 23, 2011The Daily chart Momentum Indicators began to show Divergence before the fact. It signalled a 5 sma retrace was coming before it happened.
Cable Update (GBPUSD)