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Cable Update (GBPUSD)

  • #318,601
  • Edited 3:11am Jul 12, 2012 2:50am | Edited 3:11am
To the immediate upside per near-term current 1hr screenshot above with Daily Pivot @/around 5521.

G/L
Attached Image
ex member
  • #318,602
  • Jul 12, 2012 3:56am Jul 12, 2012 3:56am
downtrend looking strong
  • #318,603
  • Jul 12, 2012 4:02am Jul 12, 2012 4:02am
Quoting PoundTrader
downtrend looking strong
depends how you measure a trend and on what t/f's.

G/L
ex member
  • #318,604
  • Jul 12, 2012 4:16am Jul 12, 2012 4:16am
Im not sure if the downtrend continues ... lets have a look
  • #318,605
  • Jul 12, 2012 4:19am Jul 12, 2012 4:19am
for sure up up away..
patient is my attitude, rushing is a dog
  • #318,606
  • Jul 12, 2012 4:27am Jul 12, 2012 4:27am
Hi All,

i have the mid point of S1-S2 serving at the low at the moment...

lots of bullish divergence about...

Attached Image
  • #318,607
  • Jul 12, 2012 4:40am Jul 12, 2012 4:40am
Quoting joop
for sure up up away..
I'd really like to know what chart you are looking at?
No disrespect intended, I'm just wondering what you see?
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  • #318,608
  • Jul 12, 2012 4:50am Jul 12, 2012 4:50am
Quoting bbmac
depends how you measure a trend and on what t/f's.

G/L
im looking for a breakout either way, there is no strong trend up or down
  • #318,609
  • Jul 12, 2012 5:05am Jul 12, 2012 5:05am
Quoting PoundTrader
im looking for a breakout either way, there is no strong trend up or down
what are you looking for a break out of ? Thanks

G/L
ex member
  • #318,610
  • Jul 12, 2012 5:07am Jul 12, 2012 5:07am
Quoting PoundTrader
im looking for a breakout either way, there is no strong trend up or down
I must be stoned
Come with me if you want to live....
  • #318,611
  • Jul 12, 2012 5:12am Jul 12, 2012 5:12am
Yes we have not closed below the 61.8 retrace yet but we are below every pivot from the 4hr TF to the monthly and have had a flat out rejection of 56 yesterday. We have also broken TL's left/right and centre.

I swear I must be stoned as I am obviously missing something
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  • #318,612
  • Jul 12, 2012 5:17am Jul 12, 2012 5:17am
Quoting PoundTrader
im looking for a breakout either way, there is no strong trend up or down
Ah ha, waiting for confirmation
I see your point
Come with me if you want to live....
  • #318,613
  • Jul 12, 2012 5:17am Jul 12, 2012 5:17am
lol, re opa it currently looks more bearish than bullish on t/f's to 4hr, possibly daily. Intraday so far is bearish. Always plenty of potential support factors below though and for me the 1hr looks the 'strongest' opa downtrend so far.

G/L

Quoting Ill-b-back
Yes we have not closed below the 61.8 retrace yet but we are below every pivot from the 4hr TF to the monthly and have had a flat out rejection of 56 yesterday. We have also broken TL's left/right and centre.

I swear I must be stoned as I am obviously missing something
ex member
  • #318,614
  • Jul 12, 2012 5:24am Jul 12, 2012 5:24am
testing area around current daily lo now

G/L
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ex member
  • #318,615
  • Jul 12, 2012 5:42am Jul 12, 2012 5:42am
Quoting Ill-b-back
Ah ha, waiting for confirmation
I see your point
there is no confirmation, minor trend is down.
  • #318,616
  • Jul 12, 2012 5:45am Jul 12, 2012 5:45am
im looking at a drop around 1.5358 by friday.
  • #318,617
  • Edited 6:06am Jul 12, 2012 5:47am | Edited 6:06am
5441 & 5416/20 both little cretical before a possible bounce if possible anyway or fall to 5360/5312 last chance for the same and or failure do so bear continue wave 3 down strong in c or wave 3.lets see .

similar eu 2164, gold 1553.better say 1508 for gold & so some ranges still there before that level if may come for other pairs also. specially eu in watch 2164 breaks even for any break limit at top side limit 2408.failure at 2408 any time soon to continue down & down . That is 2164 not any limit level , just important if for the play next , breaks does not mean it can't bounce towards 2408 next .but without break 2408 price likely reach 1.1872 or 1.1553.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #318,618
  • Jul 12, 2012 5:49am Jul 12, 2012 5:49am
looks like the sell stops below 5450 got triggered ? True or false 1st break opf the then daily lo ?

Below here:

5435-01 prev Dly sw lo zone incl 5429=Daily S2 @/around, 5427 76.4% 5320-5776, and 5412-02 prev minor 4hr sw hi x2 & Dly minor sw hi/ lo zone
5392 Weekly S1 @/around
5389 Monthly S1 @/around
5388/87/86 Monthly S1 @/around/85.4% 5320-5776/76.4% main 5276-5776 move
5373 Daily S3 @/around
5340 85.4% main 5267-5776 move
5332-19 prev Dly/4hr sw lo zone
5320 area ascending weekly trend line on current daily candle
5295 Weekly S2 @/around
5281-66-34 Prev Wkly/Dly/4hr sw lo zone (Wkly/Dly only to 5234)

G/L
ex member
  • #318,619
  • Jul 12, 2012 6:05am Jul 12, 2012 6:05am
feels like 1.55 is here to stay for quite some time.


going long.
Gravity always wins
  • #318,620
  • Jul 12, 2012 6:17am Jul 12, 2012 6:17am
Resistance anywhere?????
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