Cable Update (GBPUSD)

imho will appear same/similar in h4...

I will try short in a possible bearish continuation triangle.

since current daily lo (6262) a LL on 5min, 5min has printed a LH,HL,H,L,LH,HL,LH,L,LH and ?...so 3 x LH's but not followed by LL's ...so mixed in this congestion channel yet
G/L

Lets see if this Bull support @ 6260 will be eat up by the wild bears today. If it goes I see 6194 downwards otherwise still in the range mode

another sell !!!

Thanx BB, they are esential to my trading edge-ie pre-identifying the main and minor potential supp/res factors on t/f's of interest in order to see if I get a repeating PA based set-up at those rated high enough per a proprietary rating methodology.

G/L

i like this picture

the sentiment doesnt change everyday..it moves in swings..and potentailly we have just seen a top of a swing..trade with the trend, it is indeed yur friend

quick downside break of 5min congestion channel but demand in previous 1hr/4hr swing lo zone leading down to yesterday's 6236 lo...how much demand in this zone now ?...bullish divergence 1min-15min now.

G/L

you can see the 5min bullish regular divergence play here @ the current daily lo with the 5min bullish hammer candle trigger..

Finishing here for the session/day...final look at 1hr re upside and to the downside is listed below.


6255-39 prev 4hr/daily swing hi zone / 6250-36 prev 1hr/4hr swing lo zone with 6238= 50% 6003-6474
6222 Monthly Pivot @/around
6209 38.2% 5779-6474
6204 Daily S1 @/around
6195-83 prev 1hr sw hi x 2 zone with 6184 = 61.8% 6003-6474
6174 Weekly S2 @/around
6130-19 prev 1hr/4hr sw lo zone with 6127 = 50% 5779-6474
6119-12 prev 1hr sw lo zone with 6115 = 76.4% 6003-6474
6102 Daily S2 @/around
6088 Weekly S3 @/around
6085-68 prev 1hr/4hr sw lo zone
6045 61.8% 5779-6474
6032-15-03 prev daily/4hr/1hr sw lo zone
5976 Monthly S1 @/around
5965 Daily S3 @/around
5944 76.4% 5779-6474
5914-04 prev minor 4hr swing lo zone
5875-20-5779 prev daily/4hr swing lo zone


G/L　
　
　

out + 2 now long EUR CHF

COMPLIMENTS TO bbmac... your chart are PROFESSIONAL

6260 great wall of China :-)

BEARSSSS

she'll break the line , at least i hope that

all walls were built to be broken

we just waiting to see if bailout has actually changed the sentiment

news regardless needs to be bought..US need to save there country..and buy..

come on!!!!!!!!!!!

hope the speech works..lol

It's calm before the storm.

This is my plan for GU at this moment. I just wait to see how it plays out but am seeing 6172 on the downside now. Otherwise back to 6400

if this level breaks..it will lead the way down..towards 1.6..so its very impt

Final Litmus test

I completely agree with you. Soon we will know if we are right.