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Cable Update (GBPUSD)

  • #457,461
  • Jan 10, 2018 3:50am Jan 10, 2018 3:50am
Whoo hoo...
  • #457,462
  • Jan 10, 2018 3:53am Jan 10, 2018 3:53am
Scalp short out
  • #457,463
  • Jan 10, 2018 4:03am Jan 10, 2018 4:03am
holding till 1.346
  • #457,464
  • Jan 10, 2018 4:03am Jan 10, 2018 4:03am
Will 1.3500 region be defended?
  • #457,465
  • Jan 10, 2018 4:06am Jan 10, 2018 4:06am
based on the data the price shouldn't go down to 1.35 but it did so looks like its sliping down - my guess.
  • #457,466
  • Jan 10, 2018 4:09am Jan 10, 2018 4:09am
Quoting sat007
based on the data the price shouldn't go down to 1.35 but it did so looks like its sliping down - my guess.
Based on the H4 chart 12Hrs ago or 3 candles back the resistance seems to suggest bearishness..... 1.3500 region is important
  • #457,467
  • Jan 10, 2018 4:11am Jan 10, 2018 4:11am
Consistently for about a week, got the Resistance point wrong; my folly. Should continue south now, looking at the area 1.3400 hopefully.
Attached Image (click to enlarge)
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  • #457,468
  • Jan 10, 2018 4:27am Jan 10, 2018 4:27am
Likely to go southward after the current pullback northward. Price action is struggling around a significant S/R zone which is in confluence with the 32.8 Fib retracement zone of the swing down from the high of June 2015.

Trade safe and prosper.

KP

Quoting isoleam
Consistently for about a week, got the Resistance point wrong; my folly. Should continue south now, looking at the area 1.3400 hopefully. {image}
Do your homework, follow the footprints of smart money
  • #457,469
  • Jan 10, 2018 4:28am Jan 10, 2018 4:28am
Quoting isoleam
Consistently for about a week, got the Resistance point wrong; my folly. Should continue south now, looking at the area 1.3400 hopefully. {image}
yes agree 1.35 region important for support which is broke now.. see slipping to 1.348 will wait little more..
  • #457,470
  • Jan 10, 2018 4:29am Jan 10, 2018 4:29am
Quoting Trade-G
{quote} Based on the H4 chart 12Hrs ago or 3 candles back the resistance seems to suggest bearishness..... 1.3500 region is important
yes agree 1.35 region important for support which is broke now.. see slipping to 1.348 will wait little more
  • #457,471
  • Jan 10, 2018 4:46am Jan 10, 2018 4:46am
1.3538 zone now critical zone to be defended for bears
  • #457,472
  • Jan 10, 2018 4:47am Jan 10, 2018 4:47am
out @1.35000 shh...sl
  • #457,473
  • Jan 10, 2018 5:20am Jan 10, 2018 5:20am
Unfortunately, 2nd entries already hit +ve stoploss. Only banks a few from partial.

Attached Image (click to enlarge)
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Quoting Dr.Zain
{quote} Seems to hit 3400-3410 during the trading week!!!
Looking for it .
  • #457,474
  • Jan 10, 2018 5:23am Jan 10, 2018 5:23am
On a larger timeframe H4 is not completely bullish yet, looking at how it closes
  • #457,475
  • Jan 10, 2018 5:36am Jan 10, 2018 5:36am
not sure if this dollar weakness its same across eur and gbp push up..
  • #457,476
  • Jan 10, 2018 9:33am Jan 10, 2018 9:33am
Not able to break the low of the previous week and the low of the previous day.
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  • #457,477
  • Jan 10, 2018 11:32pm Jan 10, 2018 11:32pm
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  • #457,478
  • Jan 11, 2018 12:24am Jan 11, 2018 12:24am
CABLE still strong to the downside. I think we should have more push by the BEARS and these are not polar-bears; those huge hairy bears. LOL.
Anybody still holding on short?
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 140 KB
  • #457,479
  • Jan 11, 2018 1:06am Jan 11, 2018 1:06am
Quoting isoleam
CABLE still strong to the downside. I think we should have more push by the BEARS and these are not polar-bears; those huge hairy bears. LOL. Anybody still holding on short? {image}
If you are referring to price going down then the bear in question would be a Drop Bear, a very dangerous beast to be wary of here in Australia.

As for the price action the bears have almost made a 50% (34799) retrace, so for me it is not a good place to consider trading.
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  • #457,480
  • Jan 11, 2018 3:01am Jan 11, 2018 3:01am
looks like a good position to long GU...
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