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Cable Update (GBPUSD)

  • #459,541
  • Apr 19, 2018 2:12am Apr 19, 2018 2:12am
We have a downward broadening megaphone, looking if the pullback will be resisted at the downtrendline, a break could mean bulls not give up without a fight
  • #459,542
  • Apr 19, 2018 2:50am Apr 19, 2018 2:50am
Defining moment for bulls here soon
  • #459,543
  • Apr 19, 2018 4:14am Apr 19, 2018 4:14am
less of a guess
Quoting Bones
its making red channel wave 3 longer yellow shallow channel back up should break topside thats in line with high time frame ,see d1 close ,long lower wick = ok {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 10 GBPUSD-4-hours.png Size: 55 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,544
  • Apr 19, 2018 4:14am Apr 19, 2018 4:14am
1.4229-4243 if not clear will not be out of the woods for bulls.
  • #459,545
  • Apr 19, 2018 4:16am Apr 19, 2018 4:16am
We have a down trend line as resistance from the H1, of course if you look at Bones higher timeframe chart with the long bottom shadow it will give you strength to go long.
  • #459,546
  • Edited 4:30am Apr 19, 2018 4:19am | Edited 4:30am
I can say what is a guess 300 pips south
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,547
  • Apr 19, 2018 4:44am Apr 19, 2018 4:44am
Quoting Bones
I can say what is a guess 300 pips south
Bones bulls not giving up
  • #459,548
  • Apr 19, 2018 5:06am Apr 19, 2018 5:06am
It's going down! ^^

Green pips to all!
  • #459,549
  • Apr 19, 2018 5:10am Apr 19, 2018 5:10am
im looking at higher tfs ,you need a weekly to project 300 with confidence
weekly is bullish

Quoting Trade-G
{quote} Bones bulls not giving up
Attached Image (click to enlarge)
Click to Enlarge Name: 01 GBPUSD-Weekly.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,550
  • Apr 19, 2018 5:14am Apr 19, 2018 5:14am
see d1
Attached Image (click to enlarge)
Click to Enlarge Name: 01 GBPUSD-Daily.png Size: 59 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,551
  • Apr 19, 2018 5:18am Apr 19, 2018 5:18am
Quoting Bones
im looking at higher tfs ,you need a weekly to project 300 with confidence weekly is bullish {quote} {image}
It can also go sideways for a long while
  • #459,552
  • Apr 19, 2018 5:19am Apr 19, 2018 5:19am
Quoting tunamelt
It's going down! ^^ Green pips to all!
Gotta keep your stops tight, good short region
  • #459,553
  • Apr 19, 2018 5:30am Apr 19, 2018 5:30am
All I see on the 1 hour at this time is the bulls are looking for support to take out the 42389 and head north.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
  • #459,554
  • Apr 19, 2018 5:36am Apr 19, 2018 5:36am
On the M5 its going to test the trendline support, break this it will also mean the H1 trendline resistance worked.... tough
  • #459,555
  • Apr 19, 2018 5:38am Apr 19, 2018 5:38am
not in an impulse
Quoting Trade-G
{quote} It can also go sideways for a long while
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  • #459,556
  • Apr 19, 2018 5:40am Apr 19, 2018 5:40am
short away
Attached Image (click to enlarge)
Click to Enlarge Name: 01 h4 GBPUSD-4-hours.png Size: 54 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,557
  • Apr 19, 2018 5:45am Apr 19, 2018 5:45am
bullish engulfing on m5, this may go up

tough fight
  • #459,558
  • Apr 19, 2018 5:48am Apr 19, 2018 5:48am
i don't think it will move further to the upside, fundamentals are too bearish already and a correction is due

sold from 1.423 area

target 1.40

stop 1.433 for now, will move it down once in profit
Don't Worry Be Happy
  • #459,559
  • Apr 19, 2018 5:54am Apr 19, 2018 5:54am
lol

Quoting tunamelt
bullish engulfing on m5, this may go up tough fight
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #459,560
  • Apr 19, 2018 6:04am Apr 19, 2018 6:04am
Quoting Nala66
All I see on the 1 hour at this time is the bulls are looking for support to take out the 42389 and head north. {image}
Its true, but its being weigh down by the sell, hang on there long enough and it will find the strength to move up
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