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Cable Update (GBPUSD)

  • #457,881
  • Feb 14, 2018 3:49am Feb 14, 2018 3:49am
Short scalp done for the day.... past few days have been like sideways for a while, no use waiting, those that endured the anguish for longs congrats. As long as 1.3957 hold as resistance bears have an advantage, its keeping below 1.3912 for many H4 sessions
  • #457,882
  • Feb 14, 2018 3:52am Feb 14, 2018 3:52am
Quoting Trade-G
Short scalp done for the day.... past few days have been like sideways for a while, no use waiting, those that endured the anguish for longs congrats. As long as 1.3957 hold as resistance bears have an advantage, its keeping below 1.3912 for many H4 sessions
1.38600 long with tight stop loss..
  • #457,883
  • Feb 14, 2018 3:53am Feb 14, 2018 3:53am
shorting here at 1.387 SL 1.3940 (70 pips above) TP 1.3680 (190 pips below)
  • #457,884
  • Feb 14, 2018 3:58am Feb 14, 2018 3:58am
Quoting sat007
{quote} 1.38600 long with tight stop loss..
Looking at the hour closing to see if this down swing have any strong effects, its also H4 closing and yes it kept above 1.3860
  • #457,885
  • Feb 14, 2018 4:06am Feb 14, 2018 4:06am
Quoting timecapsule
shorting here at 1.387 SL 1.3940 (70 pips above) TP 1.3680 (190 pips below)
Good luck to your short, to me it still favour bearishness as it breaks the daily pivot support..... will watch by the side
  • #457,886
  • Feb 14, 2018 4:09am Feb 14, 2018 4:09am
Update GBP/USD (my view)
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(Time frame: 5 minutes)
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(Time frame: 5 minutes)
  • #457,887
  • Feb 14, 2018 4:12am Feb 14, 2018 4:12am
Retesting up trendline support soon...
  • #457,888
  • Feb 14, 2018 5:23am Feb 14, 2018 5:23am
1.386 broken could be next 1.384 or even lower lets see..
  • #457,889
  • Feb 14, 2018 5:29am Feb 14, 2018 5:29am
Price petting ema 200 4h right now
good luck
  • #457,890
  • Feb 14, 2018 7:26am Feb 14, 2018 7:26am
shorting GU
  • #457,891
  • Feb 14, 2018 9:23am Feb 14, 2018 9:23am
as long as it's a reliable time frame you spent time drawing I'm happy

Quoting mgluso
Update GBP/USD (my view) {image} (Time frame: 5 minutes) {image} (Time frame: 5 minutes)
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  • #457,892
  • Feb 14, 2018 3:55pm Feb 14, 2018 3:55pm
3 Resistance in one place. 38% fibo level, middle Band of Bollinger and a very strong and tested psychological level; 1.4000 ..... Sell GBPUSD.
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  • #457,893
  • Feb 14, 2018 4:20pm Feb 14, 2018 4:20pm
Quoting Sali21769
3 Resistance in one place. 38% fibo level, middle Band of Bollinger and a very strong and tested psychological level; 1.4000 ..... Sell GBPUSD. {image}
I don't think any of these is a reason to short, I am still looking at the average making the 3935 and even more so now we have had the impulse bar. This means price can just sit still for a why allowing the average to catch up.

Evidence of a down move will be seen first on the 1 minute chart and that is not showing any at all yet.
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  • #457,894
  • Feb 14, 2018 4:34pm Feb 14, 2018 4:34pm
Quoting Ill-b-back
Looking for a rejection within this zone to complement the daily TF selling pressure {image} {image}
Hmm, tricky PA on the daily, finishing with a bullish hammer.
Looking at the monthly, 7190 high to 2016 low, showing initial rejection of 38.2 fib support looking left.
On phone soz...
Come with me if you want to live....
  • #457,895
  • Feb 14, 2018 5:08pm Feb 14, 2018 5:08pm
Quoting Ill-b-back
{quote} Hmm, tricky PA on the daily, finishing with a bullish hammer. Looking at the monthly, 7190 high to 2016 low, showing initial rejection of 38.2 fib support looking left. On phone soz...
This is what my daily looks like but I only use this for inference, there will be plenty of up and downs within this journey on the lower time frames.
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  • #457,896
  • Feb 14, 2018 5:20pm Feb 14, 2018 5:20pm
This is what the possible start of a down looks like, we need to see the average make the lower low else the price is just ranging
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  • #457,897
  • Feb 14, 2018 5:21pm Feb 14, 2018 5:21pm
Quoting Nala66
{quote} This is what my daily looks like but I only use this for inference, there will be plenty of up and downs within this journey on the lower time frames. {image}
Well yes, similar here but poss a bit higher towards 1,45 region main 50fib.
I noticed before leaving home the bounce off 1.38 area is 161.8 ext perhaps best seen on 1and 4hr tf recent swing low then high.
Given this and the impulse bar, it could well be a bullish reversal.
Come with me if you want to live....
  • #457,898
  • Feb 14, 2018 5:41pm Feb 14, 2018 5:41pm
Quoting Ill-b-back
{quote} Hmm, tricky PA on the daily, finishing with a bullish hammer. Looking at the monthly, 7190 high to 2016 low, showing initial rejection of 38.2 fib support looking left. On phone soz...
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  • #457,899
  • Feb 14, 2018 5:41pm Feb 14, 2018 5:41pm
Well that ended up being a double bottom and a stop out for B/E. So we now test the High
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  • #457,900
  • Feb 14, 2018 5:57pm Feb 14, 2018 5:57pm
Clearly we can see the role the average takes, more specifically the 26 EMA. We see the formation of bullish and bearish supports and the target levels the average is trying to make even here at the 1 minute level. Remember the higher probability is with the bulls base on the 1 hour but we may still get scalps as retrace trade.

So at this time we should be long with a stop following at the 25% retrace level and this moves up as price moves up.
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