Cable Update (GBPUSD)

if the trend is really our friend, wich way is it going?

sideway for now.

chances are the trend might be going downward in my point of view. siggnal are from my system so ya....still waiting for confirmation though....hmmm....

I think it will re-test the 1.86600 area again and if it can break through properly this time then hope she goes down to get a good area to go long...

in the long term it looks down but for now it looks sideways, I am short myself but I ajust my trades as nite and day go by

This is going to go down now. First stop 1.8650.

I hope so too

it is okay

today its august 18th, so by September 18th i will get 10k back if everything went just normal

I m short EURAUD. Thats where the party is today not GU

Cheers

No need to hope. That is where it's going.

today its august 18th, so by September 18th i will get 10k back if everything went just normal [/quote]

GO FOR IT!

For short-term sells on condition of formation of topping signals the targets will be 1.8700/20, 1.8620/40, 1.8580/1.8600

any one going to long it from here?
For a couple pips.

Anyone's view is his own, we are not here to fight but contribute our own view. if you don't buy the idea of another, then leave him alone and do what is best to you.

Removed my order and am done for the day +35pips-- a day without losses- better take it and run!

GL all.

Will leave my buy in at1.8520 in th eoff chance it goes there today.

1.8651 reached. Near enough.

An easy sell back here at 1.8670.

taken from a post I made on saturday;
As memtioned above, 11 consecutive bearish daily candles now on this pairing, although Friday's candle may be arguably considered as bullish,.. now closed. I mentioned during the week that to see any run of 9 consecutive definate bullish/bearish candles on any t/f is very uncommon, so to see 11, as DailyFX have pointed out is a rare event indeed.

Looking more closely at where cable found support on friday at the 8512 lows, the weekly chart below shows that that area had provided both resistance then support previously;

The next significant former swing highs on the Wkly/Mthly charts that may offer support on any breech of this area really start from 7360area, although there are some fibs leading down to that, namely the 38.2% of 3680-1162 @ 8307, 76.4% of 7040-1162 @ 8021 and the 50% of the 3680-1162 @ 7423.

---------------------------------------------------------

205pips off Friday's low at 9512 area now to today's current highs 8722 at the 76.4% fib of the 8787-8512, makes it the single biggest pullback in this downtrend from 0157 area.

The Daily chart below shows the oversold conditions at that 9512 area with a breech of the extreme (red dotted) support channel and oscillators extreme, with cci hook.

Intraday and that 76.4% is the resistance at 8722 as 8640/50 continues to support, (3rd intraday test as support now)

What are you talking about??

short @73

not much action going on