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Cable Update (GBPUSD)

  • #459,161
  • Apr 8, 2018 7:05am Apr 8, 2018 7:05am
I have 41637 then 42314 penciled in on the 1 hour.

This is because the bears failed to make the LL average so the bulls go on to test the HH averages.
  • #459,162
  • Apr 8, 2018 7:40am Apr 8, 2018 7:40am
easy research to know your wrong there's no double top yet

Quoting Neil0163
“I hear ya” digs Run and bump to from triple top to then move lower {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,163
  • Apr 8, 2018 7:46am Apr 8, 2018 7:46am
100 pips off the top
double would be somewhere there
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,164
  • Apr 8, 2018 8:03am Apr 8, 2018 8:03am
I am seeing a market on cable technically constrained in a triangle; based on the weekly, daily and H4 time frames. Yes, we may have some movement northward but confidence in a strong northward momentum will have to await a northward break out of the triangle by price action and with at least a H4-closing upon retest.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #459,165
  • Apr 8, 2018 8:03am Apr 8, 2018 8:03am
Quoting Bones
easy research to know your wrong there's no double top yet {quote} {image}
Don’t think you’ve quite read my post properly buddy I said run and bump to form tripple top meaning I see a current run and bump pattern which would then cause price to rise where I’m looking at it forming a triple top.
  • #459,166
  • Apr 8, 2018 8:17am Apr 8, 2018 8:17am
triple top means double top is printed? already
Quoting Neil0163
{quote} Don’t think you’ve quite read my post properly buddy I said run and bump to form tripple top meaning I see a current run and bump pattern which would then cause price to rise where I’m looking at it forming a triple top.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,167
  • Apr 8, 2018 8:32am Apr 8, 2018 8:32am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,168
  • Apr 8, 2018 8:36am Apr 8, 2018 8:36am
Quoting Bones
triple top means double top is printed? already {quote}
I class this as a triple top should it play out and not break that resistance as price would have touch 3 times and strongly rejected,
theres and interesting book by Thomas N Bulkowski on chart patterns a whole encyclopaedia about them.
youll see what I’m looking at more clear on my chart patterns journal if you ever you have some free time feel free to take a look
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  • #459,169
  • Apr 8, 2018 8:41am Apr 8, 2018 8:41am
loose terminology and use as far as I can see ,it wouldn't be what the name means only time can prove that
link it
Quoting Neil0163
{quote} I class this as a triple top should it play out and not break that resistance as price would have touch 3 times and strongly rejected, theres and interesting book by Thomas N Bulkowski on chart patterns a whole encyclopaedia about them. youll see what I’m looking at more clear on my chart patterns journal if you ever you have some free time feel free to take a look {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,170
  • Apr 8, 2018 8:52am Apr 8, 2018 8:52am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,171
  • Apr 8, 2018 9:23am Apr 8, 2018 9:23am
Q tells me the high will not hold within the next
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,172
  • Apr 8, 2018 4:20pm Apr 8, 2018 4:20pm
Looks very bullish on monthly. 4345 this month I would think.
Come with me if you want to live....
  • #459,173
  • Edited 9:02pm Apr 8, 2018 8:09pm | Edited 9:02pm
Mr RED here could be the catalyst for 1.7.
Temporary support on the higher tf.
Could be a year of great astonishment.
I am not saying 1.7 is just around the corner, but it's really not that far.
http://www.bankofengland.co.uk/boeapps/iadb/Repo.asp
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FREEDOM IS SECURITY.
  • #459,174
  • Apr 8, 2018 8:18pm Apr 8, 2018 8:18pm
Quoting digger1
{quote} Very difficult for sure ,takes seeing something across several pairs pointing out a major change ,,in this case and as ole N66 pointed out it was a int rate change ,,,, not so much the change but the shifting policy ,,,,,,,,,,when the US started raising rates ,,back when everything else was just gonna fall out the bottom of your monitor ,shortly after that the eur gapped 100 pips above the daily 200 along with the gbp jumping above its 200 , when sheet like that happens find a pull back and get in and hold if you want a hold trade lol,,,...
FREEDOM IS SECURITY.
  • #459,175
  • Apr 8, 2018 9:22pm Apr 8, 2018 9:22pm
Quoting hippiedog
Mr RED here could be the catalyst for 1.7. Temporary support on the higher tf. Could be a year of great astonishment. I am not saying 1.7 is just around the corner, but it's really not that far. http://www.bankofengland.co.uk/boeapps/iadb/Repo.asp {image} {image} {image} {image} {image} {image}
Gonna get real stiff sledding bout the orange line ,,did get the gap filled in on the left and holding that area ,,,gets above the weekly 200 tho that will be decent support ,,the 272 and 618 levels of the ranges do get used for res and support ,, its got the 1st one back,,little tougher chewing thru this level with the ave right there ,, got the daily 200 creeping up for support too,,, wont be instant for sure ,,but its working on it
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  • #459,176
  • Edited Apr 9, 2018 1:32am Apr 8, 2018 11:15pm | Edited Apr 9, 2018 1:32am
Flip me, check this out. MAY 16th 2018 wildcard.
The was Video published 20 June 2016. Creepy.
Back to the 80's lads.
http://www.bankofengland.co.uk/boeapps/iadb/Repo.asp

Definitely 1.5 leading to 1.7. I am sold.


Inserted Video
FREEDOM IS SECURITY.
  • #459,177
  • Apr 8, 2018 11:45pm Apr 8, 2018 11:45pm
Buy GBP/USD AT 1.4095 sl 1.4050 tp 1.4200. Pound is going really strong and trade war can drag it upwards
  • #459,178
  • Apr 8, 2018 11:52pm Apr 8, 2018 11:52pm
Monkey wrench in the whole thing tho,,, Pluto is no longer considered a planet ,,thats got to mess things up lol,,aviation ,heck there is a car in space to use now any way,,, wife will have the keys locked in it,,, but its there anyway lol
  • #459,179
  • Apr 8, 2018 11:55pm Apr 8, 2018 11:55pm
Inserted Video
  • #459,180
  • Edited 1:31am Apr 9, 2018 12:24am | Edited 1:31am
Quoting Aleksbuk
https://www.youtube.com/watch?v=5xdGtIXIWa8
Nope.

Good luck aleksbuk.
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FREEDOM IS SECURITY.
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