https://fxww.com/cable-taking-a-bit-of-profit-off-the-table/ The Professional Source Tue, 25 Sep 2012 21:32:28 +0000 hourly 1 https://fxww.com/cable-taking-a-bit-of-profit-off-the-table/#comment-434 Tue, 25 Sep 2012 21:32:28 +0000 http://fxww.dreamhosters.com/?p=718#comment-434 Agree Jordan, at current levels I think EUR/JPY, GBP/JPY more likely to go up 100 pips than down. I don’t think much will happen during Asia but depending on the set-up there might be some good opportunities during early Europe for a quick trade

]]> https://fxww.com/cable-taking-a-bit-of-profit-off-the-table/#comment-433 Tue, 25 Sep 2012 21:23:36 +0000 http://fxww.dreamhosters.com/?p=718#comment-433 Hi Sean, yes – this is what I was talking about. It’s hard to find a perfect formation on fx market 🙂 I expect to see one more leg up (+100 pips) on european pairs (against USD) according to my wave counts. If we also see a weaker JPY that might help us to see GBP/JPY higher.

]]> https://fxww.com/cable-taking-a-bit-of-profit-off-the-table/#comment-432 Tue, 25 Sep 2012 21:14:35 +0000 http://fxww.dreamhosters.com/?p=718#comment-432 Hi Jordan, is this the formation https://www.tradingview.com/x/rkABxjzC/ ? I like my formations to be perfect and the size of the ‘pennant’ relative to the ‘flag’ is to big imho. The flagpole in this case 12435/12880 is nice and vertical so thats a good start but the retracement has already done total over 62% and that’s way too much in my opinion.

]]> https://fxww.com/cable-taking-a-bit-of-profit-off-the-table/#comment-431 Tue, 25 Sep 2012 20:35:24 +0000 http://fxww.dreamhosters.com/?p=718#comment-431 Dear Sean, don’t you think that a pennant is forming on GBP/JPY (4H) chart?

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