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Cable Update (GBPUSD)

  • #458,141
  • Feb 27, 2018 4:10am Feb 27, 2018 4:10am
Trendline support seems to be holding, lets see, all high timeframe seems to have space to accommodate a fall...
  • #458,142
  • Feb 27, 2018 4:12am Feb 27, 2018 4:12am
Using Nala's method the MA is following through to the break at 1.3967
  • #458,143
  • Feb 27, 2018 4:15am Feb 27, 2018 4:15am
Quoting Trade-G
{quote} 1.3860 region plus minus
Yes I can see that possibility but it is too far away for me. With a few obstacles in the way...
  • #458,144
  • Feb 27, 2018 4:24am Feb 27, 2018 4:24am
Weekly pivot at 1.3957 so likely that needs to break for downside
  • #458,145
  • Feb 27, 2018 4:37am Feb 27, 2018 4:37am
Quoting Trade-G
Weekly pivot at 1.3957 so likely that needs to break for downside
Plus we just had a divergence on the 5 min just 5 pips short of the target so I would have closed at that with about 40 pips to bank on one entry alone. In other words I wouldn't worry too much about five more pips.
  • #458,146
  • Feb 27, 2018 4:42am Feb 27, 2018 4:42am
Agree, the movement is not forthcoming, hanging by the trendline support making a possible FBO
  • #458,147
  • Feb 27, 2018 4:43am Feb 27, 2018 4:43am
Note how a divergence returns the price back to the average and beyond most times.
  • #458,148
  • Feb 27, 2018 4:45am Feb 27, 2018 4:45am
On the 1 hour chart this is the formation of Bear support .
  • #458,149
  • Feb 27, 2018 4:47am Feb 27, 2018 4:47am
dis pair on drugs again? Shit morning like all last week.
  • #458,150
  • Feb 27, 2018 4:56am Feb 27, 2018 4:56am
Quoting Nala66
On the 1 hour chart this is the formation of Bear support .
You were saying just now on the H&S, are you looking at the candles formulation or the MA?
  • #458,151
  • Feb 27, 2018 4:57am Feb 27, 2018 4:57am
Quoting Trade-G
Agree, the movement is not forthcoming, hanging by the trendline support making a possible FBO
No breakout of the bearish setup, supported at the trendline support 4 mins to H1 closing
  • #458,152
  • Feb 27, 2018 4:58am Feb 27, 2018 4:58am
Quoting Nala66
On the 1 hour chart this is the formation of Bear support .
Similar on your chart the Bullsupport at 1.3968 for the M5
  • #458,153
  • Feb 27, 2018 5:03am Feb 27, 2018 5:03am
Quoting Trade-G
{quote} Similar on your chart the Bullsupport at 1.3968 for the M5
Yes exactly so it is hard to tell who will win this Bulls and Bear batlle.

When in doubt do nowt... We could simply be ranging sideways
  • #458,154
  • Feb 27, 2018 5:08am Feb 27, 2018 5:08am
Quoting Nala66
{quote} Yes exactly so it is hard to tell who will win this Bulls and Bear batlle. When in doubt do nowt... We could simply be ranging sideways
Very well structured method.....
  • #458,155
  • Feb 27, 2018 5:13am Feb 27, 2018 5:13am
1.4630 in the next 2 weeks.
  • #458,156
  • Feb 27, 2018 5:15am Feb 27, 2018 5:15am
Thanks TG

I am done for the day, got to be up early tomorrow.

Have a good one guys and keep it simple.
  • #458,157
  • Feb 27, 2018 5:32am Feb 27, 2018 5:32am
Price action on cable continues its consolidation in a triangular pattern on both the daily and weekly time frames. But there is little room at the moment for directional profit either north or south as both resistance and support trendlines are too close to location of price action. A 'wait-and-see' stance will be a good decision atm.

KP


Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #458,158
  • Feb 27, 2018 8:00am Feb 27, 2018 8:00am
I personally am a bear on this trade... That is if we can get it down to 1.38465 and below. If not this might be moving sideways during the month of March..
Attached Image (click to enlarge)
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  • #458,159
  • Feb 27, 2018 2:06pm Feb 27, 2018 2:06pm
That's because there isn't one at all

Quoting Nala66
No one has mentioned the head and shoulders on the 1 hour?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,160
  • Feb 27, 2018 2:11pm Feb 27, 2018 2:11pm
draw it
Attached Image (click to enlarge)
Click to Enlarge Name: h1 Screenshot 2018-02-27_20-04-31.png Size: 93 KB


The left shoulder is formed at the end of an extensive move
On-site guru & also FF member's' psychiatrist, when not drinking tea
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