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#SaxoStrats
Steen Jakobsen, chief economist and CIO at Saxo Bank, expects US president-elect Donald Trump to employ near-replica political policies of former president Richard Nixon.
Squawk / 03 August 2016 at 13:42 GMT
GBP / USD
03 August
goldfinger goldfinger
Tomorrow will be interesting. What is Carney about to do?
03 August
stranger stranger
Bank of England until September-October,does not cut rates
03 August
stranger stranger
buy stop 1.3487
03 August
fxtime fxtime
Yeah a good level for a buy order although I have a long order also awaiting fill at 1.3362 to see if we rally to the 1:1 wave high and then roll further upwards !! Small stakes...tight stops etc etc.
03 August
stranger stranger
from 1.30574 if 1-2-3-4 waves ,then 5 must be shorter 3 ( because 3<1)
03 August
goldfinger goldfinger
I can see your argument, but how about tomorrow?
03 August
stranger stranger
if it`s expanding flat ,then gbp must go to 1.423 (first target 1.397-1.405 where correction & after correction to 1.42)
but! if it`s running flat , then we have 1 down wave , and from 1.34+ gbp will fal to 1.286 minimum
03 August
stranger stranger
do you understand? ))
03 August
goldfinger goldfinger
Yes, just about to cut my short
03 August
fxtime fxtime
Thx for the explanation Stanger...the order hasn't been filled obviously as set this afternoon but I will leave the order to run tomorrow just incase we do see a strong rally. But my stops are always fast and tight and appreciate your caution/warning too.
03 August
stranger stranger
thank you,fxtime, for the kind words

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