Cable Update (GBPUSD)

it's not looking particularly strong

I am short @1.4470..

[quote=malcolmb14;2557098]rsx has gone flat and could turn up after profit taking / sellers at old highs

gj right on wires at 135.2 could break to 136 if GU break here


the upper value area is 1.4500 (top of the 70% ile of volume for session), above this buy dips only , below this back into range

the moving averages on the 5 min are bull stack .....with the 14 wma at 1.4505.... I would not be hitting sells till a 5 min close under that

A break / rest in the up move at old highs is to be expected . I think this breaks higher yet as sellers seem absent form the market according to price action . We need to see decent volume coming in to push thru that 1.4555 range.

to clarify I am a day trader .... rubbish at buying and holding for anything more than 5 hours lol



[I thought you were the bear but all the time you were just a bully b trader very brave

Do NOT TRADE YEt. wait for break of dpp or bounce!

I m seeing a bounce!

1.4300

long 4461

Why?

second long stopped at b/e. floodgates appear to be openin

All I know is we had a triple failure of this 4550 area.To me that spells D-O-W-N

Yea, No Sh-t

moved my target short is 1.4394



IF SHE cannot touched that level or only touched that level and not continue to 1.4311 SHE will go to fibo daily high again, waiting for news in 10:00pm. red for USD.

well until the break of that rising tl there was still some hope

Looking good ey? Moving sl +30. Down periscope.

bcoz that's where 61.8 fibs is

nice trading

Guys, I have been waiting for this thing for 3 + days to bounce down off that 61.8 Fib level. It tested the dam thing 3 times. LOL

I know this is after the fact, but I had a bearish bias this morning, here's why.

On the 4H chart, there was a big black candle, and we failed to close above it with the next 3 candles. The candle after that was a hammer.

On the 1H chart, there was a nice formation that corresponds to the way the candles printed on the 4H chart. Entry would have been on the first candle after the ones I have highlighted.

On the hourly, it looks like it is printing a bearish 3 identical crows pattern, I'd expect a further downward movement.

Pulled 1/2 my load off of both G/U and E/J

wow she passed that level!!

my focus is fibo -32.6 or deviation level 2