Cable Update (GBPUSD)

Have a good week end . . Thanks for sharing

I think pound is going bearish on long ,,,,, Am i Right??????
If I'm wrong, please correct me.

clever now but a little later?

See what i ment? Up to 6310 thendown

Hi

Just popped back to desk to see PA subsequent to own trading session eanding earlier in the London morning.

Off yesterday's 6339 Hi price has printed that as a HH then a HL, LH, L,H and now a LL on 1hr although continues to be generally bullish with it's 100sma above 200sma and price above both. - 4hr also continues to look bullish overall as does daily.

Not shown on near-term current 1hr chart below are the calculated pivots and the fibs of the move to 6339 from 5779 and 6003.

'Cluster' areas involving these and fibs from 6068 and 6119 swings to said 6339 are listed below.

6255-58 Daily Pivot & 38.2% 6119-6339

6229-36 28.2% 6068-6339, 50% 6119-6339

6204-12 23.6% 5779-, 38.2% 6303-, 50% 6068-, 61.8% 6119- all to 6339

6171-77 Daily S1 & 50% 6303-, 61.8% 6068-, 76.4% 6119 - all to 6339.



G/L

Fully formed hidden divergence now on 1hr - may give an entry candle back into 4hr uptrend after the pullback, but it does come @ a LL on this t/f - this corresponding with a potential HL on 4hr..the hidden divergence could continue to develop on a depper pullback to a pre-identified potential rbs/supprt zone/factors (resistance becomes support) as the current Lo is not discernable as such (to me anyway with my methodology.)

Time will tell, will see what develops and how this 1hr candle closes.

I think those wanting to go long (and hold for a new 4hr trend hi above 6339) should probably excercise some caution and seek a decent set-up on this 1hr +

G/L

USDCAD has clear movement today, just closed 3 orders @9510, +60 pips, make up for the loss yesterday

GU the price will touch 6260/50 soon but EU broke 4380!

Enough for today, have a nice weekend everyone

well, that came in handy...

Shame though, got some kip and this happens. typical LOL

Steve

h1

6317 and now down to 6307

PA:6330 is possible

Hum, up without touch 6250/60?

6330 is a goal

if h1 closes above blue pattern (6315-6) we could see 6340 n 6360
possible daily high near 6370-80

lets see.

ops ... forgot the chart

6340 in sight

m1 chart....

beatiful reaction at ema60 in m1 chart
i let my position to go for a while