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Originally Posted by nina
Hi!
(......)
I may be damn wrong, but I'm going to wait to take a long on EURUSD or GBPUSD till I see USDCHF below 1,2440.
Today we have important UK data.
I will try to buy GBPJPY at 237,11.
EURUSD needs to break 1,2981 and hold above 1,2946 - 1,2935. If it does, next should be 1,2992 - 1,3014 - 1,3043 - 1,3052 - 1,3067.
GBPUSD, holding above 1,9621, its way is up
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And more:
About GBPJPY:
Tuesday Pivot: 236,18.
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About GBPJPY:
Tuesday Pivot: 236,18.
Supports: 236,40 - 235,90 - 235,29 - 234,96 - 234,60 - 234,45 - 234,17 - 233,83 - 233,55 - 233,21 - 232,22 - 231,68 - 231,25 - 230,68.
Resistances: 236,98 - 237,08 - 237,45 - 237,51 - 237,75 - 238,05 - 238,40.
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I think I made a mistake: 236,98 + 6 spread = 237,04 ask. I had placed a buy stop at 237,11 with stop below yesterday's high plus 8 pips at 236,90. So, 7 pips I could've saved.
GBPJPY went down to 236,38 and from there to a new high at 237,30 and now has made a low at 236,50.
There is no direction and Brokers are playing with us. I would like to know who sold cable at 1,9708. Maybe we could know that more than one single bank.
When we face a market like the one we are seeing, the better we could do is turn off our live trading platform and amuse ourselves playing with the demo one.
EURUSD broke our 1,2981 to make a high at 1,2989 and from there to 1,2928. Now is trading at 1,2940. You can not break an important level like 1,2981 to go down hard afterwards. This means big money is protecting their positions whatever they may be. We only will break it clearly when they are ready.
And what about USDCHF?
It broke 1,2440 to go to 1,2418 and from there to 1,2481.
Lets hope we'll have a better market tomorrow.