The Pound has broken several Support lines. That is a big deal right?
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Thread: The Pound has broken several Support lines. That is a big deal right?

  1. #1
    The pound now 10/10/05 broke the lows of the following days 10/04/ Low 1.7512, *** 7/29/05 low 1.7513 **** 7/15/05 low 1.7508 **** 7/06/05 low 1.7515 and 7/5/05 low 1.7502. The following lower low was on 7/18/05 low 1.7453. Would you realize there's a probality that is fantastic a run will be made by the Pound in 1.7453's 7/18/05 low?


    Breaking prior lows as I know is a huge deal and a powerful signal of a bearish trend. Is my know

  2. #2
    Quote Originally Posted by ;
    The pound today 10/10/05 broke the lows of the following days 10/04/ Low 1.7512, *** 7/29/05 low 1.7513 **** 7/15/05 low 1.7508 **** 7/06/05 low 1.7515 and 7/5/05 non 1.7502. The next lower low was on 7/18/05 reduced 1.7453. Can you realize there is a fantastic probality a run will be made by the Pound in the 7/18/05 low of 1.7453?


    Breaking prior lows as I know is a huge deal and a strong sign of a trend. Is my understand correct????
    Matters happen to be bearish for quite a while now. Is it a big thing? I daytrade for me but it might be.

  3. #3
    Yesterday the cost 1.7453 was shielded by the support amounts above, as listed in your article.

    Now (12.32PM Tel Aviv) there's possible protection from the current session reduced,1.7471, though since the former bigger support levels have been removed, yes 1.7453 is vulnerable and so are more likely to split, compared to when people other amounts had not been broken.

    Just More Probably Only things in life which are for sure are death and tax.

    Sorry if I'm going around in circles !


    Quote Originally Posted by ;
    The lb now 10/10/05 broke the lows of the subsequent times 10/04/ Low 1.7512, *** 7/29/05 low 1.7513 **** 7/15/05 low 1.7508 **** 7/06/05 reduced 1.7515 and 7/5/05 low 1.7502. The next lower low was on 7/18/05 reduced 1.7453. Would you realize a probality is that a run will be made by the Pound in 1.7453's 7/18/05 low?


    Breaking earlier highs as I understand is a big deal and a powerful signal of a bearish trend. Is my understand

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