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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#12169 (permalink)

11-05-2009, 09:48 AM

apipintime apipintime is offline now

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Quote:

Originally Posted by MrWilson

On the SITD frame, todays price exceeded the last SITD swing high on the 29th Oct (1.6602) hinting the ITD frame is up...

Personally I'd like to see the 123.6% ext at 1.6683....

120min GBP Z

Here's a scenario that would allow that to play out. A possible triangle forming before the NFP tomorrow, a surge out to complete (v) of 1 of C, then a hard sell off to form wave 2 of C. Just thinking out loud.

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