GBP/USD Daily Video, August, 08, 2014

[Sive Morten]

Good morning,

potentially almost all major pairs could form interesting patterns and setups soon, but right now GBP has best chances to do this:





The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[erelation]

Hi Sive,

GBPUSD is now at 1.6780 level. What will be the appropriate SL if we are taking the butterfly buy for this trade?

 

[Lolly Tripathy]

Hi Sive,

GBPUSD is now at 1.6780 level. What will be the appropriate SL if we are taking the butterfly buy for this trade?

for me its ....

 

[erelation]

Thanks Lolly Tripathy

 

[Sive Morten]

Hi Sive,

GBPUSD is now at 1.6780 level. What will be the appropriate SL if we are taking the butterfly buy for this trade?

for me its ....

View attachment 16341

Thanks Lolly Tripathy

Hi Guys,

Lolly, you butterfly looks nice, but taking into consideration the speed of plunge, I would better avoid of taking any longs by far.

 

[Lolly Tripathy]

I am Agree sive sir..
now its not a good idea to catch the falling knife..

but the last butterfly was good
its give 60%
here it is