Eur/gbp

[Raj]

There are multiple convergences for a short trade on this pair...8818 is SK, 86 downfib resistance, daily trendline, 127% and 162% of the upfib extensions just to name a few.

Stop above SK, and fingers crossed

:)
Happy Pipping

[Raj]

Took a while but finally we got that short from SK after the 240 chart gave some nice tweezer tops. Now we're sitting at 240 support...nothing bullish formed yet, but some profit taking is in order I think. If we get 240 CF, then only Im considering a long. Some possible macd bullish divergence to watch on the 30/60.


:)

Happy Pipping

[Rob123]

Looks good Raj -will be keeping an eye out. Btw, I like the color of the charts and easy on the eyes :) Rob

[Raj]

Okay, 240 chart gave a morning star, so what i do is turn to a 30min chart and look for a pattern, and we got a h&S...with good convergence with the 618 fib and the old cons support...so we can take it up to at least current level because there is 618 res there also at the previous high...and then we will wait to see if it breaks or not.

:)

HAppy pipping

[Raj]

pair hit the target on the converging "d" targets, now next swing is setup, will look for that fib bounce

:)

[Rob123]

Great job Raj and excelllent teachings . Rob

[Raj]

Thankyou sir

:)

[Raj]

I was going to write up something about the pair hitting Sk res on the daily again, but it seems there perhaps was a fundy...chart has dropped like a rock...will report back later LOL

:)

[Rob123]

Hi Raj, Here is my analysis on the daily chart. Are you getting anything similiar? 1053

[Raj]

Hi Rob, we are at resistance!! Careful with FOMC tomorrow.

:)

[Rob123]

Thanks Raj, I see the meeting is tommorrow. This should move some currencies one direction or another. I may lay low till this all passes. Rob

[Raj]

watching the possible tt's forming at the res here

:)

[Rob123]

Raj and Kurt, I'm noticing some divergence on my 4hr charts but nothing yet to jump up and down about...maybe she will drop soon will have to see ...and we may even get one of those bearish crowns on the hourly. What you think Raj ?

Rob

[Raj]

Hi Rob, this is what I have for this pair. The daily has some nice TT at the 382 res, but 240 in cons....perhaps a breakout trade...a straddle - buy above the sk, sell below the cons, where we find 382 support also on the 240....I would follow the daily direction and hope for down down down

:)

[Raj]

Some resistances marked for next week.

:)

[pipsqueakr]

TY... SK was very interesting but looks like we turned before we got there... have set an alarm in case we get back up to that area.