Best Thread Potential setups

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Gbpusd - Near term potential supp/res

More detail than previous post #5600 (page 700) of this thread

Area A a 1hr (& 4hr) previous swing hi=previous resistance=potential resistance zone with confluence of 23.6% fib (0157-3505 drop) @ 5064

Area B a 1hr previous swing hi/lo/hi zone = previous res/supp/res = potential res with confluence of 61.8% fib (5066-4751 drop) @ 4947

Area C is a 1hr (&4hr) previous swing lo/hi = previous support/resistance=potential resistance with confluence of 50% fib (4938-4751 drop) @ 4845 and a 1hr decsending resistance trend line.

Area D is a 1hr previous swing hi/lo zone = previous resistance/support=potential support and a 4hr previous swing hi zone, with confluence of 23.6% fib (3655-5066 rise) @ 4732 and a 1hr ascending support trend line

Area E is a 1hr (&4hr) previous swing lo zone=previous support=potential support with confluennce of 38.2% fib (3858-5066 rise) @ 4607 and 50% fib (4106-5066 rise) @ 4588

G/L

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bunds have doublebottomed out ..may be set for smallupward correction.. i am long @121.80 with stop 121.50 ..sepculative buy thou
 
I think Soybeans are going to continue on up although I'm not ruling out a correction before that happens...right now I can't see an entry either long or short that I like too much so I will continue to watch.

Gizmo - Good luck with those Bunds. I am looking for shorts but I can see exactly why you bought. 122.10 and 122.60 are the better levels to get in short off on the upside, imo.
 
gbpusd

Strong move down so far today, - If this 4579-4624 area goes (previous swing lo zone - 1hr and 4hr with ascending support t/line and 38.2% 3858-5066 & 50% 4106-5066) nothing much on the 1hr or 4hr in terms of previous price pivots until 4157-4108 area. A 3 fib cluster resides 4464-76 being 61.8% 4108-5066, 50% 3858-5066 and 38.2% 3505-5066

Have added a 4hr screenshot to show the above;

21kdkhs.gif
 
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I think Soybeans are going to continue on up although I'm not ruling out a correction before that happens...right now I can't see an entry either long or short that I like too much so I will continue to watch.

Gizmo - Good luck with those Bunds. I am looking for shorts but I can see exactly why you bought. 122.10 and 122.60 are the better levels to get in short off on the upside, imo.

dante i am scaling out in area 122.40-60 because there is where right shoulder of massive h&s in 1 hour forms and i will look to short on rejection of uptrend..
btw dante short dax since friday average .. at 4680 zone .. remember i said you that daily prices in equities are heavy profit take zone ..
 
P.S I feel compelled to tell Gizmo and Chilltrader and everyone else that its not Soyabeans it's S - O - Y - B - E - A - N - S

There is no A after Soy.

🙂
 
You can't trust these exchanges one bit, they don't know what they are on about - for example, the CME are saying that June 09 EUR/USD is 98.935 - LOL!!
 
You can't trust these exchanges one bit, they don't know what they are on about - for example, the CME are saying that June 09 EUR/USD is 98.935 - LOL!!

They are probably just pricing in the imminent collapse that we all know is about to happen 🙂
 
dante i am scaling out in area 122.40-60 because there is where right shoulder of massive h&s in 1 hour forms and i will look to short on rejection of uptrend..
btw dante short dax since friday average .. at 4680 zone .. remember i said you that daily prices in equities are heavy profit take zone ..

Good call giz
profits taken on dax 338pts on friday
 
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