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LevRidge
23. Jan. 2017 07:33

GU got a ways up to go.. Long

FX:GBPUSD240
British Pound/U.S. DollarFXCM

Beschreibung

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GL

Kommentar

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Target update: 1.283
Kommentare
smart_teast
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Masta @99nines ..

This signal still valid?
LevRidge
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@smart_teast, sorry i didn't see this comment earlier but yea.. it was valid when you asked.. about to finish with the low coming in. I'll have to update soon.
trajkovic
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Kudos, best regards
trajkovic
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Do you think the trend from end of June 2014 is complete or not. Are we currently correcting October 2016 low before trend continuation
LevRidge
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@trajkovic, i think gu will turn back up once the low is in place... as of today it's almost ready.. maybe a day or two more.
trajkovic
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@99nines, Thank you for your reply. Looking at GU on a larger scale -
fxtop.com/en/historical-exchange-rates-graph-zoom.php?C1=USD&C2=GBP&A=1&DD1=01&MM1=01&YYYY1=1953&DD2=07&MM2=02&YYYY2=2017&LARGE=2&LANG=en&VAR=0&MM1M=0&MM3M=0&MM1Y=0
- and if we look at -
tradingview.com/chart/UjAeJ2jE/
SDR and KWD are good proxies for major currencies basket. USD is the pillar - 1/2 to 3/4
Take a look at SDR/USDOLLAR - tradingview.com/chart/UjAeJ2jE/
I think that GU downtrend from Jun/July 2014 top is not complete, not against major currencies.
On a shorter time frame, I made two brave comments
here -

and here -

I've been wrong in the past so I am likely wrong again.
Regardless, I often look at your work for reference. Thank you for sharing it.
Regards

trajkovic
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Kudos
Lucid.Trader
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How do you know it was going up, what technical analysis brought you to this conclusion?
LevRidge
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@Lucid.Trader, i'm a geotrader ;) (geometry)
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