Cable Update (GBPUSD)

On the 4 hr chart its hitting dynamic trendline from 24 July. I am a bit vary of going long now

U sure we go up ????

The pair moved below the 61.8%fibo...Approaching 50% but then bounced..It's complicated

finally.........
hit my tp at 2.0325....
duh...
ready for climbing???

everyone is sure of it going up.. im not so sure the market does what it wants

When i see faiz/fazi's call / prediction.. the cramer's clip just pop up in my mind.. and makes me smile. vote for post of the week also.

so lets cramerize this a bit shall we??
U HAVE NO IDEA WHAT'S HAPPENING OUT THERE!!! NO IDEA!!!!

btw.. welcome to this thread faiz/fazi.. good trade to u..

I hope ready for SLUMP

Date: 2007/08/09 Time: 08:04 (GMT +2) Ticker: GBP Last: 2.0385 Pivot: 2.04 1st sup. 2.035 2nd sup. 2.033 3rd sup. 2.031 1st res. 2.04 2nd res. 2.045 3rd res. 2.046

Title: GBP/USD intraday: Correction expected under 2.04 Summary: Update on supports and resistances. Story: Pivot: 2.0400.

Our Preference: SHORT positions @ 2.039 with 2.035 & 2.033 as next targets.

Alternative scenario: The upside penetration of 2.04 will call for a rebound towards 2.045 & 2.046.

Comment: The pair is capped by a declining trend line.

Trend: ST Ltd downside; MT Bullish

Key levels Comment

2.046** Intraday resistance
2.045** Intraday resistance
2.04*** Intraday pivot point
2.0385 Last
2.035* Intraday support
2.033** Fib retracement (38.2%)
2.031** Fib retracement (50%)

Good, shorted near trendline. Now only question where TP.

my tp 2.0260

well i made a few chips on the ride down but I'm out. I'm getting seasick. I'll let it tell me if it's gonna head down more.

The pair seems facing a rejection on 50%fibo...It just can't get down...Why?

What makes GU and others going down? aR there any big news?

Elliot Waves

you dont know yet

the devil has an account and he begin trading forex and he has 15 years experience, also he knows alot

huh.. my SL for GU long was hit.. then shorted UJ, EJ and GU.. manage to grab 100 pips total.. all position closed. ... will wait an hour before enter new position.... coffee break for me!!!

Looks like stop hunt to me..

This one was classic by cesar

LOL and LOL and LOL

The pair is now out of the figure on 50%fibo...It looks like the price hace been rejected there...