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Cable Update (GBPUSD)

  • #464,141
  • Aug 29, 2018 6:39am Aug 29, 2018 6:39am
Last week, it raised max. see the thick green line. ( 150 % )It is unusual.

With this kind of rise it is usual to see such rise this week too.

And it happened. Already 62 %. I expect this rise to be limited to 100 %.( 1.6060 )

Then the drop or retrace should happen.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 48 KB
Intraday only.
  • #464,142
  • Aug 29, 2018 6:46am Aug 29, 2018 6:46am
Quoting navk
Last week, it raised max. see the thick green line. ( 150 % )It is unusual. With this kind of rise it is usual to see such rise this week too. And it happened. Already 62 %. I expect this rise to be limited to 100 %.( 1.6060 ) Then the drop or retrace should happen. {image}
1.6018 will put it at 200% expansion target from whence it compresses from
  • #464,143
  • Aug 29, 2018 6:48am Aug 29, 2018 6:48am
Quoting Trade-G
{quote} 1.6018 will put it at 200% expansion target from whence it compresses from
possible 6020 can bring it down

I do not expect a big rise from here. anyways time will answer.
Intraday only.
  • #464,144
  • Aug 29, 2018 6:51am Aug 29, 2018 6:51am
Quoting Trade-G
{quote} How do you practice patience?
Fill your mouth with water then sit on a fire until it boils
  • #464,145
  • Aug 29, 2018 6:51am Aug 29, 2018 6:51am
Quoting Trade-G
{quote} Channels never last..... lol
Attached Image (click to enlarge)
Click to Enlarge Name: emini nasdaq cont daily test.jpg Size: 149 KB


Good luck
  • #464,146
  • Aug 29, 2018 6:51am Aug 29, 2018 6:51am
I said yesterday eurcad will fall. It is below weekly pivot. Atleast 62 % I expect.

It is happening.

It is demo only guys.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM5.png Size: 35 KB
Intraday only.
  • #464,147
  • Aug 29, 2018 6:58am Aug 29, 2018 6:58am
see how nicely done.

Last week 150 % rise.

Retraced to weekly pivot.

Then rise to 62 %. ( until now )

I did not notice this as I was busy in the week beginning with other works, as otherwise i would have taken long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM30.png Size: 45 KB
Intraday only.
  • #464,148
  • Aug 29, 2018 7:05am Aug 29, 2018 7:05am
Quoting Nala66
{quote} Fill your mouth with water then sit on a fire until it boils
lol
  • #464,149
  • Aug 29, 2018 7:09am Aug 29, 2018 7:09am
Quoting MzansiObi
{quote} I am looking at it atleast testing 128.820 bro SL @ 130.355 target is around the 23 fib from the previous swing low my 2 cents worth
see the PM
Intraday only.
  • #464,150
  • Aug 29, 2018 7:20am Aug 29, 2018 7:20am
Anyone think cable is good for a long
  • #464,151
  • Aug 29, 2018 7:20am Aug 29, 2018 7:20am
Quoting Beyfor
Our favorite E.W count: Wave "C" is performing withing a diagonal triangle. After the completion of sub-wave "4"at 1.2935, another downward swing will take place as sub-wave "5" of "C". Sub-wave "5" ideal target is around 1.2560-1.2520. A clear close above 1.2935 will put the above count in jeopardy. {image}
i dont really follow EW counts, but my analysis points at such an outcome...

if interested, you can see it here: https://www.forexfactory.com/showthr...8#post11419188
90% of people, are wrong about 90% of everything, 90% of the time...
  • #464,152
  • Aug 29, 2018 7:22am Aug 29, 2018 7:22am
Looks like a BO
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 50 KB
  • #464,153
  • Aug 29, 2018 7:27am Aug 29, 2018 7:27am
Quoting Trade-G
Anyone think cable is good for a long
2927 or more.
Intraday only.
  • #464,154
  • Aug 29, 2018 7:29am Aug 29, 2018 7:29am
1.2896 will be the tell for more upside and yes 2927 is possible if it clears
  • #464,155
  • Aug 29, 2018 8:02am Aug 29, 2018 8:02am
Attached Image (click to enlarge)
Click to Enlarge Name: gugufuudffd.png Size: 30 KB
www.sme-fx.com
  • #464,156
  • Aug 29, 2018 8:19am Aug 29, 2018 8:19am
Quoting Trade-G
Anyone think cable is good for a long
Well I am still buying dips...
  • #464,157
  • Aug 29, 2018 8:19am Aug 29, 2018 8:19am
1.6020 region soon
  • #464,158
  • Aug 29, 2018 8:20am Aug 29, 2018 8:20am
Quoting Nala66
{quote} Well I am still buying dips...
Nice M30 potential for a bullish setup
  • #464,159
  • Aug 29, 2018 8:21am Aug 29, 2018 8:21am
There is a resistance zone around the 1.29500 area, less than 60 pips above current location of price action. So, technically, we should not be expecting any sustainable northward move. We may see some sideways for sometime.

I may be wrong. Trade safe and prosper.

KP

Quoting Trade-G
Anyone think cable is good for a long
Do your homework, follow the footprints of smart money
  • #464,160
  • Aug 29, 2018 8:37am Aug 29, 2018 8:37am
Quoting KeenPips
There is a resistance zone around the 1.29500 area, less than 60 pips above current location of price action. So, technically, we should not be expecting any sustainable northward move. We may see some sideways for sometime. I may be wrong. Trade safe and prosper. KP {quote}
Appreciate your views !
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