Cable Update (GBPUSD)

Good day to you,

1.5390 ( daily opening price). - below this is bearish / above it bullish. Careful so early in the trading day, as price will often flirt around this price level to cross it up and down before choosing direction.

Above 1.5390 - I would like to see the following cluster broken before even considering any long position:

1.5411 / 1.5414 ( the 50% line of the month range and the 50% line of the weeks range).

Price is currently blocked by Friday's low @ 1.5386 to the upside - although weak resistance. To the downside, the monthly opening price @ 1.5347 has offered support on numerous occasions.

Looking at the price angle - we may see 1.5318 / 1.5315 as a close today, should price continue on it's current trajectory. This of course if the 1.5386/1.5390 cluster holds as resistance.

Weekly still bearish for anything below 1.5443.

Trade well

Regards

working with the 200, also observe s/r on higher timeframes for longer term and higher pip gains. i am getting there, but one thing at time, first month i have managed (august) to actually do well. i will check it out.

I got this
Ma 10 breaked Ma 30 so I bought some Gbp

http://www.forexrainbow.com/download...rot1v61l97.jpg

http://87.images22.51img1.com/6000/m...b4b38b36e4.jpg

What do you mean ?

sorry,链接无效！

can't wait to see 1.53

why it take it so long?

So what are your reasons for buying? Looks pretty bleak to me.

Now in the triangle base, looked that a K line time to have not innovated lowly, therefore stronger tendency!

I believe that if you keep up with the news and watch what a few of the other currencies are doing you will notice that Cable is going down at the moment in particular read anything related to Euro and possibly GBP like;

http://www.forexfactory.com/news.php?do=news&id=254763

THK

This is how it looks this morning, lots of divergence, but still falling out of fib trading channels

hope this explains better

But were getting a lot of downside rejection, check out the wicks on the 1 hr, and double bottom forming...

Interesting, you actually put that through a translator.

Never saw it that way, a K pattern above the trend line without creating a new low are grounds for long trade. Most would have seen a looming M pattern and preparing to short. Turn out to be a pretty good scalp.

应该告诉你我看得懂华语.

we all see cable testing that 5325 support, right? does anyone out there use or know anyone who uses tdfx broker? thanks.

10 minutes till UK opens.

Remember that sometimes she swings things back in opposite direction for a while till market settles again.

on the 30min im seeing a descending triangle, is that not valid if this is caused by a frankie fake?

G/M

tweezer bottom close on 1hr...significant ??

G/L