Cable Update (GBPUSD)

G/M

Strong downmove so far since Sunday open, right off Monday's 6056 Pullback Hi somewhat negating last week's weekly doji (ish) candle ?

Price probably reacting to Sunday Times stories of -0.2% contraction in 2nd Qtr Uk GDP, actual figure due out later this month.

1hr in an opa downtrend, 4hr mixed-bearish, their 100sma's remains below their 200sma's.

Below current Lo:

5945-30 prev 1hr/4hr sws lo zone incl Weekly S1 @/around 5944
5925-10 prev 1hr/4hr/daily swing lo zone
5878 61.8% 5343-6746
5874 Daily S2 @/around
5848 61.8% 5290-5746
5832-18 previous Daily swing lo zone incl Weekly S2 @/around 5832 incl Daily S3 @/around 5818
5802 Monthly S1 @/around
5790-44 previous Daily swing lo zone incl 38.2% 4225-6746
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G/L
　



　
　

Great 1min hidden divergence re-entry to 5min + downtrend after the pullback just gone.

1hr current near-term screenshot shows the potential upside obstacles on this t/f +.

G/L

Same here - Stochastic an RSI on 15 motivation

5945-30 prev 1hr/4hr sws lo zone incl Weekly S1 @/around 5944


cable just scraping top of this zone at it's current lo...1min + bullish divergence play there - 3min shown below.

G/L

hi josef i am on your side long at 5965 since today gu range so far 97. let's look for some pull back from here

As mentioned earlier...stories in Uk press on Sunday of -0.2% prinbt for Uk Q2 gdp (due later this month) with max expectations of +0.1%...this would be very £ negative on the knee-jerk reaction if it proves to be so...particularly after 0 % growth in last 2 qtr's (ie -0.5% Q4 2010, +0.5% Q1 2011 = total 0%.)

G/L

Bulls are at least making a fight of it at the current lo, but up against it I think intraday overall so far bearish...I've added the steepest 1hr trend line early as not a fractal swing lo on this t/f yet but if this current 1hr candle closes above last candle's lo then it will be...long way off yet so am probably very premature.

G/L

Eurusd at that trend line again

G/L

perhaps it will be a retracement for 4Hours before US session. then we will be heading south ???

What Cat & Dog Rainy in My Place

I am in for Long
Entry: 1.5968

G/L with your trade.
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was a re-test of today's current Lo, and that previous 1hr/4hr swing lo zone extending 5945-30/Weekly S1 pivot area...decent enough 1 3 and 5min regular bullish divergence plays there but downside pressure likely remains, could be a decent looking double bottom/tweezer bottom though on 1hr ?

Finishing trading session for day here.

G/L all.

Demand price at 1.5930. No PA @ 1.5965 meaning further short to near 1.5933/1.5900. Lets see if the demand price holds today.

I am Out, change position going short 1.5962

I am Out, change position going short 1.5962

The Internet Connection is so Bad today.. ckckck

U are Right Bro, I didnt saw it in detail TF

holding my short to 1.5780

I am Out +13 Green Pips Alhamdulillah

Time for a cup of Coffee it just too Cold Here

Guys Be carefull here Big Boys are playing there balls,
it may lead us to 1.5850 first then 1.5770
there are possible targets,
and if 5900 not broken today or tomorrow then long will be getting in very fast,
either ways wish you all Green PIPS.

Yaikss.. market is crazy today with all GBP/USD/EUR are weak.. currently -150 pip on eur/jpy..

Not a good trading day...

BTW, GL all.

You mean de ja vu ?
It couldn't even break on 1.6100..
I'm targetting long on 1.6050...