Dislikedhe did it right and will be rich on Monday
how this damn pound resist, it will fall and fall deeper!Ignored
Not to criticize but I tend to listen when EO says something as he knows what he is doing!
He is right more than wrong
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
Dislikedhe did it right and will be rich on Monday
how this damn pound resist, it will fall and fall deeper!Ignored
DislikedI hope your sell button doesn't get you in trouble over the weekend! My 1h candle is shaping up for a move north. I know it's end of the day, but I wouldn't hold a position into the new month over the weekend, no matter how big the pot of gold at the end of the rainbow looked.
Good luck!Ignored
DislikedNot to criticize but I tend to listen when EO says something as he knows what he is doing!
He is right more than wrongIgnored
DislikedThis past week the PA stayed below the 1.4400 zone which I feel is a strong Resistance for now...I believe the GU PA will test the 1.4100 lows again.
If the 1.4100 zone gives away, than downward trend is confirm toward the 1.3500 support since 1986.
All fundamentals are negative and the PA of both GU and GJ is technically bearish so my bias for this week is BEARISH.
Maybe Sunday or Monday GU PA will pullback to the 1.4100 zone again and consolidate until thursday for the GU rate decision.
IMHO..
Ignored
DislikedThis past week the PA stayed below the 1.4400 zone which I feel is a strong Resistance for now...I believe the GU PA will test the 1.4100 lows again.
If the 1.4100 zone gives away, than downward trend is confirm toward the 1.3500 support since 1986.
All fundamentals are negative and the PA of both GU and GJ is technically bearish so my bias for this week is BEARISH.
Maybe Sunday or Monday GU PA will pullback to the 1.4100 zone again and consolidate until thursday for the GU rate decision.
IMHO..
Ignored
DislikedThe overall trend on the GU maybe down, but I'm generally cautious that a Equities rally will quickly push it up. The market was moving sideways on friday, but the pound recovered much of its losses.Ignored
DislikedRemember that GJ is bearish at the moment so it will pull GU down also based on the technical charts and fundamentals.
Look at the 4hr GU Chart...(Consolidation 1.4090< X < 1.4660)
It is ready for a breakout( Overall trend is bearish)
The zig zag is still pointing down (Red line) and it is still holding below the 50ema(green line)
The 1.4100 is a strong support at the moment and PA may test the lows again.
Look at the GU daily chart (Consolidation for breakout from the wedge)
Three times the daily candle tried to break above...Ignored
Dislikedi do agree with u however inorder to speculate a further drop u need a monthly chart to add weight to this theory..look at the small body of the previous month and also back looking at history..recovery was made at these levels...i believe a test of the support will happen but we gonna range here because i believe theres a balance of supply and demand...i will be looking for sign of trend change - the risk reward for further down is to high in my view...anyways i will trade whatever i see
goodluck all...i will be away for a week..trade safeIgnored