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Cable Update (GBPUSD)

  • #454,421
  • Aug 29, 2017 12:14am Aug 29, 2017 12:14am
Inserted Video
  • #454,422
  • Aug 29, 2017 2:08am Aug 29, 2017 2:08am
next fibo done
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_H111.gif Size: 198 KB
Click to Enlarge Name: AUDUSD_H444.gif Size: 229 KB
  • #454,423
  • Aug 29, 2017 3:12am Aug 29, 2017 3:12am
update.
Ubi maior minor cessat
  • #454,424
  • Aug 29, 2017 10:19am Aug 29, 2017 10:19am
GBP/USD bounced off from 1.2975 after forming a spinning top candlestick on the four-hour time-frame at that level. It will likely retrace back to 1.2900, which is the (MA)89 indicator on the same four-hour time-frame.
  • #454,425
  • Aug 29, 2017 11:53am Aug 29, 2017 11:53am
Quoting Dano12
next fibo done {image} {image}
Giv
en the weakness of dollar atm do you think this could continue up Dan?
Free speech is not ''free'' , there are always consequences.
  • #454,426
  • Aug 29, 2017 3:15pm Aug 29, 2017 3:15pm
Quoting ere3us
{quote} Giv en the weakness of dollar atm do you think this could continue up Dan?

broken chanel 1h and support rest
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD_H111.gif Size: 195 KB
Click to Enlarge Name: AUDUSD_H444.gif Size: 224 KB
  • #454,427
  • Aug 29, 2017 4:22pm Aug 29, 2017 4:22pm
Looking at daily candle stick it just created a really nice trend continuation pin bar. I'm looking for this to break down now.
instagram: stepbystepforex
  • #454,428
  • Aug 29, 2017 4:39pm Aug 29, 2017 4:39pm
Quoting rafael5643
Looking at daily candle stick it just created a really nice trend continuation pin bar. I'm looking for this to break down now.
Yes pinbar formed but no trend. The D1 is in a consolidation mode and any downward move is likely to be limited. Trading the pinbar may just be for a small profit and is not likely to produce much movement southward. See attached chart.

Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Technical_Update_D1_29th_August,_2017.png Size: 29 KB
Do your homework, follow the footprints of smart money
  • #454,429
  • Aug 29, 2017 8:32pm Aug 29, 2017 8:32pm
Quoting KeenPips
{quote} Yes pinbar formed but no trend. The D1 is in a consolidation mode and any downward move is likely to be limited. Trading the pinbar may just be for a small profit and is not likely to produce much movement southward. See attached chart. Trade safe and prosper. KP {image}
Fair enough, let me run this by you. I am personally short GBP/AUD and GBP/NZD but would you say this pin bar is also off the bottom of a massive channel?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 135 KB
instagram: stepbystepforex
  • #454,430
  • Edited 2:05am Aug 30, 2017 12:45am | Edited 2:05am
Quoting rafael5643
{quote} Fair enough, let me run this by you. I am personally short GBP/AUD and GBP/NZD but would you say this pin bar is also off the bottom of a massive channel? {image}
What I say doesn't matter. What matters is what the chart or price action says.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #454,431
  • Aug 30, 2017 12:57am Aug 30, 2017 12:57am
Inserted Video
  • #454,432
  • Aug 30, 2017 1:28am Aug 30, 2017 1:28am
It does look bearish on the H1 chart? can someone confirm that?
  • #454,433
  • Aug 30, 2017 1:56am Aug 30, 2017 1:56am
Quoting Trade-G
It does look bearish on the H1 chart? can someone confirm that?
looks bearish ,, but not as bearish as it looks ,,just testing last weeks high on the frankie fakeout
  • #454,434
  • Aug 30, 2017 2:07am Aug 30, 2017 2:07am
1.289 likely to hit based on us us gdp data if not touches to 1.3 my guess
  • #454,435
  • Aug 30, 2017 2:14am Aug 30, 2017 2:14am
Quoting Trade-G
It does look bearish on the H1 chart? can someone confirm that?
Not to say there isint anything lower to touch yet ,,,,,,, but downside may be limited ,,,,,,,,,,,I like 1.30 before nfp ,, but time will tell .
Attached Image (click to enlarge)
Click to Enlarge Name: 6.jpg Size: 315 KB
  • #454,436
  • Aug 30, 2017 2:18am Aug 30, 2017 2:18am
I think that's where it going to retace to but time will tell as you say
  • #454,437
  • Aug 30, 2017 2:19am Aug 30, 2017 2:19am
Quoting sat007
1.289 likely to hit based on us us gdp data if not touches to 1.3 my guess
Out of shorts
  • #454,438
  • Aug 30, 2017 2:20am Aug 30, 2017 2:20am
t does look like head and shoulders isn't it?
  • #454,439
  • Aug 30, 2017 2:21am Aug 30, 2017 2:21am
Yes indeed
  • #454,440
  • Aug 30, 2017 2:24am Aug 30, 2017 2:24am
I bought a little ,best fill was 28995 , see where they go if any where lol
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