Cable Update (GBPUSD)

I think when it comes to .. 1.627x 1.628x. ... will push it until 1.65xx can even reach 1.67xx

the question is why u think this?

hi navin, hows tradin going?

I have seen when there is an increase to the point of "resistance 1", most likely the lowest point is in a support 3.
But if unable to reach or penetrate the resistant one, bears will continue.

NAVIN SUP BUDDY!!!!! UR STILL ALIVE!!! We're getting old!

If you are following the market you should know how accurate I was.

it is a possibility

Tomorrow at Market startting, euro and gbp will drop. dont become bull unnecessarily. my comments are for new traders (I dont need to help smart traders who are making money)who are loosing money, so before becoming bull watch the market first.

mdrive that's a very strong crystal ball you got going there.

Mdrive and who exactly is a bull on euro? It's setting lower highs / lower lows consequently for two weeks now. Also it's trading below monthly pivot and closing on 3700 area, which is quarterly pivot for the 2nd quarter.

Tomorrow at Market startting, euro and gbp will drop. dont become bull unnecessarily. my comments are for new traders (I dont need to help smart traders who are making money)who are loosing money, so before becoming bull watch the market first.

Very good advice, Mdrive. Hope you got my private message!

From another very reliable signal service I watch:

Sell at 1.6320, Target: 1.6170, Stop: 1.6355
As the British pound has rebounded again due to short-covering on back of dollar’s retreat versus other European currencies, suggesting further consolidation above last week’s low of 1.6147 would take place and retracement to the Ichimoku cloud bottom (now at 1.6277) would be seen, however, resistance at 1.6322 should limit upside and reckon 1.6333 (50% Fibonacci retracement of 1.6518 to 1.6147) would attract renewed selling interest, bring another decline later. Below said support at 1.6147 would extend recent decline from 1.6747 top to 1.6120 but reckon minor support at 1.6091 would hold from here and risk has increased for a rebound later.

I am here to trade, not to become analyst or economist. they way you guys think what will happen after two week or after one month, certainly does not help in trading. You need to know as a trader who trade and survive today. I can tell you one day gbp will reach 1.70 eventually, how will it help a trader ? who cares about qtry projection? I think you misunderstood, I am not bull on Euro, I said today it will rise in US session and drop tomorrow. It will be in ranging mode. After the ranging is done, next week it will fall again. Until then safe trading.

posting direction guidance will not help a trader as well. btw I'm not an economist and / or analyst as well. I'm an exec with an oil company and happen to trade futures/options for the company and also do the same for myself on a side account.

The deal is this, unless there is an sl/tp levels, directional calls are worth pretty much zero. Any financial instrument will go higher and / or lower most every day.

Hi Guys

To all those who are long at the moment GBPUSD please be careful! STOP LOSS HUNT

Stop losses below 16150 I think are going to be taken out sooner rather then later. Someone who said that stop losses were taken out when the market dropped earlier today to 16159 was wrong in my opinion as most bulls will have their stop losses below 16150

Hi guys,

already enter short entry yesterday (16230)....
target 16000 area...

reason: Friday daily cs bearish.... (no signal of turning point)


yesterday daily CS perform inside bar... hopefully it will break Friday low (16150) for south direction....

finger cross....

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Hi guys,

anyone knows current GU will goes to bullish or still bearish? what is the highest to achieve by today for GBP please share...

Interesting observation but not able to understand how "the last" candle be differently shaped even if the time is different ? May be if you post the two pictures, it might become clear.
TKS.