Cable Update (GBPUSD)

How long will this support area hold until all bulls run away?
Daily pivot I got is at 1.5975 and the mofu stretches down to 1.5937, last Thursdays low.

Haven traded this pair today except a few scalps on the plunge but breaking through this area would open a whole new chapter for next week.

gbpusd daily head n shoulder http://www.forexfactory.com/attachme...1&d=1309429806

sorry cant see any h&s formation on your chart.. a REAL H&s formation is rare.. and looks different to me..

False upside break of the 4hr descending trend line and a big sell-off from 6118 - area being a previous 4hr/daily swinng lo zone, underside of previous daily ascending trend line and 23.6% 6746-5910 sees price breech the ascending 1hr trend line and arrive at a prevvious 1hr/4hr swing lo zone where some demand has been encountered.

Below current daily lo (5972) and this previous 1hr/4hr swing lo zone to 5969 is the 76.4% of the 5910-6118 move @ 5960 and below here Daily S2 @/around 5931 before a previous 1hr/4hr/daily swing loi zone leading down to that 5910 Lo.

1hr/4hr opa conditions are mixed, with a bearish intraday sentiment so far.

G/L

I agree with the cable head and shoulder

currently holding my long

and listening to

long @1.60000
long @16058

holding both

Daily shows the previous swing lo (previous support) breeched ascending trend line and 23.6% of 6746-5910 - at today's current hi.

G/L

gbp usa monthly inverted head shoulder needs the daily head n shoulder i posted to work http://www.forexfactory.com/attachme...1&d=1309432028

its very early days so i had to project the action

i am destructive and want only crashes .. haha..

and listening to

We will back to 1.61 where is 23.6 fibbo. It was little strange when cable returned down very fast, but everything is possible.

Nah mate like Torpedo said, nothing there on your chart except some wishful thinking.

H&S formation has rules, none of which can be found on your chart.

Stulic i trade these formations all day every day for several years. This head n shoulder on the daily arrived in forming the bottoming action of the monthly inverted head n shoulder. i see them there all the time.

hi

is this a song ... or war

haha, its dissonant like forex sometimes XD

fast, crazy but with rules.. this kind of Music is called Math core or Chaos core..

hourly cable

READY TO LOOSE IT ALL OR MAKE IT.

uuuh, i hope thats a demo

nope bro. u can tell a demo mt4 from the indication on the top left hand side of the platform. thats me live account bro.

hello all,
i came back right now...
what a crash on GU today.
well, some big in need of our money or what?

im happy for your profits man!
anyway would be better explain here the reasons why you shorted there and at that time, than showing money you are able to get or loose...

@bbking

If you poste a chart there are red-green dots on the upper left edge.
and the price in big letters (looks nice) ... what kind of EA is this ?