DislikedGU daily currently at resistance 1, also 50% Fib retracement, halfway through BB, Stocastics heading upwards. I think we are good to go towards 1.2114 / 61. 8% or even to R3 - 1.220, which is also EMA 50 zone. {image}Ignored
2
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedGU daily currently at resistance 1, also 50% Fib retracement, halfway through BB, Stocastics heading upwards. I think we are good to go towards 1.2114 / 61. 8% or even to R3 - 1.220, which is also EMA 50 zone. {image}Ignored
Dislikedalthough bulls dominate this day i still thing price is in the cage until next Wednesday {image}Ignored
Disliked{quote} It all depends on CPI number tommorow. However, based on my Daily chart we are still far away from trend reversal, however I do have a signal telling me that tommorow's candle will be GREEN. Let's see what the market will do in Sydney and Tokyo session. Might give us some clue. This whole 2 weeks will be crucial in my opinion.Ignored
Disliked{quote} im holding my longs further, hoping for 2100 where I will be closing allIgnored
Disliked{quote} Hi Wolf, I was at the outdoor cinema, waching old classic movie . Nice evening. GBP CPI tomorrow, 9.1% in June, estimated 9.3%. I would be glad to see July same as June, or lower, not much is happening this month. BoE trying the best to lower the numbers. If figure is lower, good news for GU. Will be interesting to find out. So far weekly made HH and lower low is up by +100, daily building a nice round swing up.Ignored
DislikedIt's been 2 full forex weeks for July, time for a new long term pivot for the 2nd half of the year. In the ACD book I read (by Mark Fisher), a 2-week pivot on January will last for 1st half of the year, and need to use a new 2-week pivot when comes to July. The said upper and lower end of the pivot range are 1.19624 & 1.18985 . As long as price stay above the current 2-week pivot, uptrend is assumed, yesterday's trade was a winner, SL 1.18988 & TP 1.20248, risk 1% for 1.5% reward. Current ongoing trade entered a few hours ago, still running. SL...Ignored