if next 4 hour candle is above 65600 (all depends on retail sales result), time to go long target minimum 66500 for today. Let's see if it's bears or bulls for today and coming days.
Cable Update (GBPUSD)
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Looks like 1.645 bottom will hold, hopefully we get our 2 traditional GU/GY reversal bars, and we head north. My wishful thinking of course. Note GY is holding like a rock, although it can drop like one too!
- #166,470
- Sep 17, 2009 3:46am Sep 17, 2009 3:46am
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Hear the music before the song is over ...
Good day to you all,
Mentioned yesterday that 1.6543 was my tolerance limit for remaining bearish. I now have to change my view to incorporate possible bullishness as long as price remains above this level of 1.6543.
I attach my chart - numbered for ref:
1) This area has confluence of the 50% line of last week @ 1.6531, as well as the 50% line of this week @ 1.6542, as well as yesterday's high @ 1.6532 as well as the lower level of the weekly channel by low @ 1.6529
This is the battlezone ( 1.6530 to 1.6542)
2) To the upside, first barriers...
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Hear the music before the song is over ...
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spend less???
Hear the music before the song is over ...
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Blogging daily now at www.volume.zone
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What's up playaz 
Thank You 
