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Cable Update (GBPUSD)

  • #463,801
  • Aug 17, 2018 3:04am Aug 17, 2018 3:04am
Quoting Don96
{quote} h4 rejected it... couldn't close below - I type this 2 mins before close... I wouldn't say its beneficial for bulls... the h4 candles are small.
still waiting for h4 close below...
  • #463,802
  • Aug 17, 2018 3:20am Aug 17, 2018 3:20am
Quoting Don96
{quote} still waiting for h4 close below...
GBP with H4 is really good
  • #463,803
  • Aug 17, 2018 3:31am Aug 17, 2018 3:31am
Quoting Don96
{quote} still waiting for h4 close below...
D1 candle is beneficial to the bulls. If President Trump doesn't throw up another tweet today, 2771 may be lurking; and from there anything can happen
  • #463,804
  • Edited 3:56am Aug 17, 2018 3:32am | Edited 3:56am
Quoting Bydyke
{quote} D1 candle is beneficial to the bulls. If President Trump doesn't throw up another tweet today, 2771 may be lurking; and from there anything can happen
not it isn't...

in my opinion anyway...

daily open and 1.2694 are your best supports atm....
  • #463,805
  • Aug 17, 2018 3:38am Aug 17, 2018 3:38am
Can't break 1.27343
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2018-08-17 (8)_1.jpg Size: 127 KB
yes yes yes
  • #463,806
  • Aug 17, 2018 3:48am Aug 17, 2018 3:48am
Quoting sponge
{quote} The mid point is always the high or low of the leg unless it drags on side ways for some time (longer term) in which case I treat the mid point of the side ways move as part of the first leg, if I get messy price action I don’t shift the point. Your method is very good thanks for sharing The markets never cease to amaze
IC Thanks.
  • #463,807
  • Aug 17, 2018 4:03am Aug 17, 2018 4:03am
Quoting Don96
{quote} not it isn't... in my opinion anyway... daily open and 1.2694 are your best supports atm....
H1 candle has closed with an inverted hanging man. The latest Trend Line on H1 is also intact: unbroken. The bulls may be singing in a short while
  • #463,808
  • Aug 17, 2018 4:19am Aug 17, 2018 4:19am
Quoting akim0895
easy profit mate now try hold new short from 2745 sL be so no worry
4hr looking spikey again .
No confirmed bearish follow through from yesterdays spike, but will come soon.
Come with me if you want to live....
  • #463,809
  • Aug 17, 2018 4:23am Aug 17, 2018 4:23am
Quoting Bydyke
{quote} H1 candle has closed with an inverted hanging man. The latest Trend Line on H1 is also intact: unbroken. The bulls may be singing in a short while
Location is not good.
You want that candle formation occuring at support not resistance.
I'm reading that 1hr spike as a retest and rejection off the ascending TL.
Come with me if you want to live....
  • #463,810
  • Aug 17, 2018 4:24am Aug 17, 2018 4:24am
Quoting Bydyke
{quote} H1 candle has closed with an inverted hanging man. The latest Trend Line on H1 is also intact: unbroken. The bulls may be singing in a short while
check weekly, monthly, daily, h4... they wont be singing.... especially with a close below 94.
  • #463,811
  • Aug 17, 2018 4:50am Aug 17, 2018 4:50am
Quoting Don96
{quote} check weekly, monthly, daily, h4... they wont be singing.... especially with a close below 94.
h4 closes
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 75 KB
  • #463,812
  • Aug 17, 2018 4:51am Aug 17, 2018 4:51am
i don't see any bull power right now ..... no one want GBP is real ? !?!?!? lol
  • #463,813
  • Aug 17, 2018 5:21am Aug 17, 2018 5:21am
Go down to 1,2500
  • #463,814
  • Aug 17, 2018 5:51am Aug 17, 2018 5:51am
I must admit I've gone off patterns over the last 3-4 years, but this one down to support caught my eye.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 22 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 25 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 24 KB
Come with me if you want to live....
  • #463,815
  • Aug 17, 2018 6:01am Aug 17, 2018 6:01am
MT4 local time now is 14:00
previous day closed 1,2710
last H4 closed at 1,27146
Probably we are talking on different time zone.
  • #463,816
  • Aug 17, 2018 6:33am Aug 17, 2018 6:33am
Jesus christ how boring is this

1hr 30 to float up 20 pips.
  • #463,817
  • Aug 17, 2018 6:55am Aug 17, 2018 6:55am
Quoting Don96
Jesus christ how boring is this 1hr 30 to float up 20 pips.
Big boys deciding on the shape of the daily and weekly candles today....
  • #463,818
  • Aug 17, 2018 6:57am Aug 17, 2018 6:57am
Quoting Don96
Jesus christ how boring is this 1hr 30 to float up 20 pips.
ah, fakeout lower, breakout higher. daily open providing the support yet again.

watching 22 on h4 close.
  • #463,819
  • Aug 17, 2018 7:03am Aug 17, 2018 7:03am
I guess GBPJPY is a better option, USDJPY looks bearish hence strengthening the yen
  • #463,820
  • Aug 17, 2018 7:15am Aug 17, 2018 7:15am
Quoting MzansiObi
{quote} how far down do you reckon we will push mate? that rising trendline on 30min chart has got me worried Tah
hai mate
its friday..
can be testing again 2666 or just playing up and down till next weeks..
just for a cup of coffee...
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