Cable Update (GBPUSD)

Hi

I agree with you, i have a Q? How you put price numbers on Fibo levels, Do that Manual Or Auto?

regards

and here we go...

Edit: Are you guys sleeping ?

Still currently Long from 1.5945. We have seen price continue to push up. I have now moved my Stop Loss into the green (SL set @ +19 currently). I will look for buying pressure to continue to resistance @ 1.6075 then exit my Long and prepare for any possible shorts. Market Sentiment on the 4h TF, Daily TF, and Weekly TF remain Bearish.

IF using MT4 go to edit fibo. then fibo levels. in description add %$ to each

NEVER THAT!

heh btw why TP@6075?

edit: Im thinking not to get overly greedy and TP around daily pivot r2

This is where the 23FIB level is.

thanks.

I shorted at 6022! Let's see how it goes.

Hi

I set a sell Limit on 1.6090, what do you think guys?

feel free to post any comment.

regards

Im short from 6023.....lets see if the bears are out in force

I see some strong daily resistance lines at 1.6054 and 1.6131

Hi Ravenbg

Why you shorted at 6022, what's your reasons for that?

regards.

Trade idea: GBPUSD - Buy a break of 1.6063
Details: Following Monday’s rejection of 5 week lows yesterday saw initial, limited downside also attracting buying interest. Gains remain limited despite further investor demand in Asia this morning. In addition, intraday signals are at overbought extremes and with this in mind but in the absence of any sell signal our call is to Trade a Break of 1.5985 or 1.6063. Stop on a breakout will be 50-pips.
On the upside a break of 1.6063, half of last Friday’s net losses, is a bullish signal that the recovery is more significant than currently assessed and increases the confidence in the call to an outright buy. Prices and sentiment should then improve to test 1.6138 and 1.6181, last Friday’s open and high.

This is where I drew the weekly 23FIB level, the 6075 is the daily 23Fib level.

I have problems with my clipboard cannot printscreen and show u the chart! When you witch to daily TF you can see the two tops, one I drew on weekly the other on daily basis, this is what I see in my mind!

I was thinking to short from same level .6022 but after it breaks .6012 i knew that next strong level is .6080-92...i think will be perfect level to short from...but looking to enter on buy again...

Devil like triple '6' number....,and the nearest one is 1.6066, so GU will down at that level...,(sure by Devil).... hihihihi...,

how about that...,am i analytic enough??? no ? want some chart?...,don't need...,even some one out there never heard about candlestick nor bar chart before..,and he still make money...,


(so quiet here, may be this is a grave not forum)

Posted it 2 days ago and it seems exatly that's what is happening.

Long on GU since 59, target is 61xxx
closed scalp opened earlier from 586xx @ 59450 then opened again.


ta
ams

Appeared on the market speculation that tomorrow's meeting of the Bank of England may just exacerbate the attitude to monetary policy.