Cable Update (GBPUSD)

Quoting M685

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{quote} Congratulations, well done. As a newbie, I didn't see resistance at 1.26300. Can you explain how you calculated this resistance?

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Quoting Wavegarrick

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{quote} For me, GU has been contracting between the 2 Ma's from a 4hr perspective and also a symmetrical triangle for many days now. A big breakout is imminent, either way. Yellow highlighted areas, crux for a breakout in decisive direction. Trade safe, Cheers. {image}

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Quoting Zebi

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4H dollar looks boolish....im really interested in bonzeys analysis if he's still bullish GU?...and nubcakes if he's settled down and eased up on loathing me LOL....i love picking on the scab that is his soul LOL doesnt mesn dollar gona rocket up now may just range the rest of the day but its bullish for next week intraday and if daily closes over that line means bullish for the week and month {image} {image}

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Quoting Zebi

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{quote} so you didnt listen to bonzey and faded his bullish GU call? how dare you treat and disrespect a 17 year veteran of FF like that {image}

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Quoting 1 in 1 out

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{quote} I believe this is what you are referring to. {image}

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Quoting thevisitor

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{quote} yeah bones, follow the weekly candle..is this thread here on ff still alive?

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Quoting Bones

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{quote} thats probably a bearish pattern as is

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Quoting ScalaFX

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GU short 1st 2620, pendings 30,40,50

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Quoting Nordling

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{quote} For example in NFP i don't care how many non-farm jobs are created, i care about the sectors. Steady/permanent ones vs Seasonal ones. In PMIs i look at the hiring pace, not output or headline activity. It's all conclusions, experience and backtests that made me learn what to avoid and what to focus on the news reports

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Quoting 1 in 1 out

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{quote} Sorry, "probably" is sitting on the fence. I only deal in specifics.

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Quoting Wavegarrick

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{quote} GU buy trade opened at 1.25401. Trade safe. Cheers. {image}

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Quoting Bones

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{quote} ok, that candle has a name, its called bearish in the neck how do you read it?

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Quoting 1 in 1 out

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{quote} I see it as nothing more than a candle that has traded into a logical level. Since this weeks profile was bearish after the classic Tuesday reversal this is where price would be drawn to. It's a Friday. So no chance of a lower TF market structure shift to bullish. I will wait until Tuesday next week to look for that. ( I do not trade Mondays ) {image} Still bullish dollar from the chart above. 2 possible targets. The April high @ 106.57 and the double top @ 107.17 to 107.35

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Quoting Bones

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{quote} you can't say its bullish, nothing bullish about it it's a D1 bearish pattern till proven otherwise I only deal in specifics

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Quoting 1 in 1 out

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{quote} Clearly you misunderstood what I posted. I did not say it was bullish, merely that it has traded to where it was expected to go based on the weekly profile. Nothing more.

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