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Forex Investing Education and learning: Why present day rate motion is essential for the GBPUSD





Breaking but not entirely damaged…

The GBPUSD pushed earlier mentioned a “challenging nut to crack location” outlined by Fibonacci resistance at one.46339,, craze line resistance at one.4650 and a prior swing high at one.4667. That crack despatched the rate to a new high likely back to January 5th. But, the rate has given that moved back down and in the system moved down below the previous swing high at one.4667.

That may perhaps muddy the drinking water dependent what comes about next. So these days is essential for me. Obtain out extra aspects by viewing my small video clip.

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9 comments

  1. Thank you Greg for your detailed explanation and it's indeed an invaluable lesson learnt in the process. I agree with you that cable has started stalling end of last week, but I guess the push above today made sure the remaining shorts also got liquidated in the process 🙂 – I feel that we may revisit 1.4300 by Friday

    Reply
  2. Thanks. As you mentioned here, the actual GBP/USD has broken down through the wedge. I have two questions. Should I recognize the move above the wedge as trick? And, the wedge during the uptrend is only for a bearish pattern?. Thank you very much again.

    Reply
  3. Good analysis but do the waters get muddied by the high today and subsequent drop ?

    Reply
  4. Thank you for doing these. Please do more! And other pairs, USD/CAD preferably.

    Reply
  5. Thank you, Greg! Please never stop to share your vision of the market! It's great. Nothing unnecessary, only the things that work!

    P.S. You have done the revolution for my view of the market by your great ACT book, and it's very very nice to see the continuation of the book in these videos, in real time, here and now.

    Thank you! Never stop to share your vision! Have great health and be happy 😊

    Reply
  6. Thank you Greg. For me this video is excellent. It shows Keylevel , Trend , Trade Entry level. Perfect Video for me.

    Reply
  7. great video as always Greg. Do you think the daily broken trend line is still a good level to lean against if my bias is more bearish?

    Reply
  8. great video and love the order board : )

    Reply
  9. Another great video by Greg. Real-time and useful analysis.

    Reply

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