GU and EU acting a bit weird.

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AJ banging against that 93.410 door. Maybe 5th time lucky?

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thats what I'm thinking. Possibly GBP too. USD continuing to strengthen?

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Pullback candle?

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Candle pulled right back. Find it difficult to go long on GU / H4 due to Daily chart (thought now on 5th APB and might be consolidating. Also 61.8% fib level.

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I agree, the PAC (Price Action Channel) is powerful and effective. Far better than many more complex solutions.

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Four Hour GBPUSD charts FXDD v IG

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Seems the 4 hour charts are more problematical (or rather more differences) but it tends to even out more on the one hour charts?

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It is indeed, however EU is in a downtrend on the Daily (APB bars are red, and it broke trendline support). So I'd be looking at shorting EU. However on Daily EU is at 38.2 fib so might be a few bounce pips to be earned. Dare say you are right, and ...

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I am expecting the strong sell off of GBPUSD to continue as strong resistance has been broken. However maybe some chop/consolidation as this pair is at Daily 100 SMA. Might not get underway till next week and strange things can happen on Fridays.

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Thats what I'd have thought. Thanks

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Just a quick question. Would these three little doji like candles on the H4 EURUSD this morning count (after the TDI cross).

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thanks nellycopter.

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Re-assuring. You just need to get in early, and get out before the pullback!

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Was wondering if that 4 hour candle #2 would pull back above that trendline..

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Yes quite saddening to read all his posts, then found he was no longer with us. He'd certainly been through the Forex wars, with lots of contributions on other threads. He was also quite a mean scalper, on the M5 charts with Stochastics. Must have ...

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Interestingly on the 4 HR FXDD chart waiting for the signal candle to close! Also I think there is mother candle consolidation going on there too so would hope for a breakout.

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Think if you search for TMS II pdf under paperclip or under emmanuel posts. Also I think MrAussieFX posted a link yesterday.

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Yes its looking good atm and had a clear entry on the Hourly.

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Just wondering if this EURUSD 4 hour candle is playing footsie with us and will close below 100 SMA?

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