Cable Update (GBPUSD)

this could be soon confirmed as double bottom into a demand area

I'm bearish but I will wait and look what "BOE Gov King Speaks" brings. This blue line is a witch

are these the words of a trader on the wrong side of it looking for comfort that it will 'turn again ?'

Mate, no one knows what will happen next, no analysis tech or fundie or other is predictive, it can just provide us with a edge, that is all...if anyone tells you they know what price will do in the next 10mins they are telling you lies...no one knows...play your edge, and if you are wrong get out quick.

G/L

guys, very strong move up , even the DP was not respected

1.6026 will decide the up move

very right BBmac, but wats your take on the support level on 5950. which sprung up this huge demand now. Those it still holds the downside. or the bottom is formed. Just an insight

Nice, your my hero
lol

6056-6068 a 4 x fib cluster leading up to that previous 1hr/4hr swing hi...will there be supply there if tested ? (area circled) Strong bounce up from previous daily/weekly swing lo zone to 5934 on 2nd test.

I have drawn the previous swing lo and asc trend line at 5950 even though it is not a fractal swing on this 1hr yet (getting ahead of myself!)

Challenging the 6028 pullback hi from yesterday now....any supply here ?

G/L

looks like some one was late to pick a long from yesterday's lows.
so he moved market again there and picked his position

no?!

1hr closes as a master bullish thrust engulfing - engulfing the last 17 x candle bodies...significant ?

G/L

if 1.6026 is brokern to the upside then we will see a new high today

becuase it will going up when it pass 1.6151 it will goning to test 1.6268

at least this would explain what i was meaning yesterday by sayin to wait a clear sign before buy into 59 area.

my compliments for those who bought yesterday!

i closed half position +60

today already +90!
what a great week!

6028 seem a strong resistance. Still Looking for the break on 6030

buy stop triggered 60305 closed +15

but look at the 1hr candle leading to it ? more significant I would say

drink redbull and watch the bulls yeeeeaaay

Weather forecast for 25 celcius/29 celcius sat/sun here in central london so looking forward to that...done for the day really but will hang around to see effect (if any) of Mervyn King 1030am London time onwards..

Current near-term 1hr t/f below..upside fibs not shown are of the moves to the 5937 Lo from 6746, 6546, 6470,6441,6262 (these are on daily/4hr charts.) Price rise from 5950 has reached the 50% of the 6148-5937 move.

G/L

ok guys i leave.
i dont want to watch at possible spikes coming in.

will popup later if i see something good
good luck