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TOPIC: GBP.

GBP. 14 Nov 2012 09:23 #1

  • KI
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KI wrote:
GBPJPY and GBPUSD look ready to go on a run upwards (4 hour)KI.

GBPJPY flying, Cable just warming up. KI.
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GBP. 13 Nov 2012 20:43 #2

  • remo
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you have a low at 1.5855
you have a high at 1.5915
so now that the price has retraced from the high and not gone lower yet then if it breaks the current high at 1.5915 it will create a higher high which in turn will be a 123 low breakout.

see the learning section for a better explanation
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GBP. 13 Nov 2012 20:24 #3

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Hi Remo, could you expand on where you see the 123 low please? I'm a little confused by this.

Thanks
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GBP. 13 Nov 2012 18:06 #4

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if this can finish above 1.5915 then that maybe a 123 low based on the 4 hour chart
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GBP. 13 Nov 2012 18:03 #5

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Hi KI

The GBPUSD based on 4 hour chart its looking bearish due to the test of the breakout point.
Look how it tested it perfectly then dropped. The only time id start to consider a long is if this can finish above 1.5915.
Obviously this can all change in a few hours ;)



DYOR
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GBP. 13 Nov 2012 16:31 #6

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GBPJPY and GBPUSD look ready to go on a run upwards (4 hour)KI.
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