Cable Update (GBPUSD)

yeah let us see anyway if cable could broke 1.5658 it will continue to test 1.5708 otherwise it will back to test 1.5576 when broke it will test 1.5483

let us see

I appreciate your...thanks,im nwebie

The current immediate 1hr view in respect of potential support/resistance factors ( calculated pivots not shown )

G/L

2 x tests at the previous 5min swing hi / 50% of the a-b move and a break higher.

G/L

i think we will break 5720, my worry is ~5850 - the 61% fibo..

cable looking to test area 1.5673 then 1.5695 then 1.6719 breaking 1.6749 it move higher or it will fall to test 1.5576

i think we are approaching first minor resistance area, i'm expecting a pull back at the top of the ichimoku cloud back to the high of the range where you see my limit order..

what i c

based on eg price pattern, i think fiber will lead the uptrend, but this is just my speculation.

only time will tell..

Looking to the upside re potential res/sbr factors

Outa here

G/L

Pot Res Factors
5667 61.9% 5716-5590
5685 76.4% 5716-5590
5696 85.4% 5716-5590
5710-15-22 prev 4hr/1hr sw hi zone incl 5712 = 76.4% 5744-5575 and Daily R1 @/around

5729/30 85.4% 5754-5575/76.4% 5780-5575
5744-54 prev minor 4hr/1hr/sw hi zone incl 5749 = Mthly Pivot @/around, and 85.4% 5780-5575

5757 = 85.4% 5788-5636
5757-80 prev 4hr/1hr sw hi incl 5765 = Weekly R1 @/around, and 5777/79 = 50% 6128-5422 / 76.4% 5888-5422 and Daily R2 @/around

5792 50% 6165-5422
5802-06 prev minor 4hr sw hi zone
5820 85.4% 5888-5422
5836 61.8% 6092-5422
5842 Daily R3 @/around
5859-75-88 prev Dly/4hr sw hi zone incl 5859 61.8% 6128-5422, and 5880 = 61.8% 6165-4422

5912-31 prev 4hr sw hi zone incl 5932 = 76.4% 6092-5422
5933 Weekly R2 @/around
5950-60 Daily desc t/line
5963 76.4% 6128-5422
5988/94 76.4% 6165-5422 / 85.4% 6092-5422
6026 85.4% 6128-5422
6055 86.4% 6165-5422
6076-92 prev Dly/4hr sw hi zone incl Monthly R1 @/around 6076 and Weekly R3 @/around 6087

6096-6117-6128 prev dly/4hr sw hi zone
6130-39-65 prev wkly/dly/4hr sw hi zone
6173 = 76.4% 6454-5270
6181 61.8% 6746-5270

There are also 1hr and 4hr descending trend lines, the 1hr being the steepest.

The immediate current 1hr view is below. Clearly some supply 5660-65

please explain

where is the chart

sorry mate..

personally i dont like to think on a 200-300 pips target in this setup.
40-60 pips is more than enough when ranging.

and this is not exactly the kind of pattern where i like to pick a long for 1.57-1.58 area.

everything can happen.... but i need a clear move to decide something more.
until that, im in 'pick n run' mode

actually the answers lies in how swissy candle formed, to me, there's no much room left for swissy to move unless it breaks the resistance. Due to that, if it keeps on hovering/ranging, there no much room upside meaning it will move down which also mean that fiber and eventually cable will move up and that is why i'm more favoring upside for both fiber and cable.

massive movement in eg meaning that we might stuck in the range for sometime, but eg is also approaching the resistance level, if that hold, we might move up again, then continue to ding dong ding dong for a few days i reckon..

GBP/AUD is a compelling trade to the long side against the recent low on a daily basis. Any thoughts

Its all tighter than a fishes butt right now. Time for bed with shorts in place. Time to go long soon.

real clusterfcuk zone


out most earlier

Can't wait for the Armitage Shanks to turn up. Two 15 pip trades all morning. Borrrrrrrrrrrrrrrrrrrrrringggggggggggggggggggggggg