EUR.GBP

[arco]

Slam

The action is currently on the Gartley
symmetry target zone, so a reversal signal
is possibly on the cards near term. This
would be a natural place to take some
profits off the table if still long.

A point to remember...

Symmetrical triangles are thought of as
continuation patterns. Nine times out
of ten, the breakout will occur in the
direction of the existing trend (even
if only in the short term).

arco

[slam]

Hi arco
agree, the break north being leg C (daily) with a target circa .6850
(not far from your gann at .6836) being the top of the channel before a break south again

[Xerof]

Hi gang,

I don't usually trade this cross, but looks like its heading into a nice zone for selling a unit or two

Hate to bring fundamentals into it, but I did hear of very large buyside volumes at London 'fix' over the past week or two, related to an equity flow. Once this demand is completed, may fall quite quickly

Anyone have a precise entry level to target? Gann still 6836 Arco, Slam you mentioned 6850, and I threw 6800 in as a wild stab

6835 sounds like a good number to me

Xerof

[miner]

Double top it at 6812 maybe?.

[slam]

Hi Xerof
I went short on the top of todays 6811
Will take another if it goes to 6840 but I get the felling it won't. (just gut feeling)
cable bouncing now
will take another on the way down

Cheers
Slam

[Xerof]

Thanks guys

Might just leave a flyer higher up - no dramas if not hit

[arco]

Xerof

Gann still 6836 Arco YES

Recent high 6813.....so not far off,
and looking for possible reversal signal.

Leonardo Pisano's band of 50 stationed at 6853

There is also a small divergence on Osc.


arco

[Xerof]

Cheers Arco

You should really treat Leonardo with the respect he deserves and address him as Mr Fibonacci[:I][:I]

[miner]

Double top on the 9am hourly and daily?.

[slam]

saw that one miner
could have another go at it though
tight stops
cheers
slam