Cable Update (GBPUSD)
Muppets on AUDUSD getting fried by me too.... god damn idiots think it was gona go all teh way back up to 1.0550, only to learn that FIBO retracements levels could present good selling opportunities.....
go easy on them 
i think 1.63 is gonna be tough..but 1.62 can happen so long as 1.5830 holds..
Hi Navin,
Here is a chart of what I see on cable but I haven't seen a clear reversal sign yet. My bias is bullish with 1st target @ 1.5955 & 2nd @ 1.6097. What is your take on this. Thank you
this is what im thinking my pc and saving charts is causing issues for me so gonna type it:-
if u look at the monthly the last bear candle from 1.6225 dropped to 1.5336..we then broke the high of the bear candle without a significant drop..market choose up..i cannot see why we are going to tank unless the market shows an attack of the 1.63..and rejection??
this just seems to easy to drop
basically what im saying is we are likely to be in a traingle on monthly (dip) to attack 1.63
i think the channel u have is possible but not pretty..look at the monthly and make a trendline..i like your first target but i think it only going to happen next week if 1.5830 holds
at best 1.59 end of week if it breaks..its very bullish but i doubt it
Pinbar close - last 1hr completed candle - is the regular squential bullish divergence in the oscillators on that t/f a guide to a higher near-term price ?
G/L
i also have a bullish div in H1 macd
im in..chart i saved about 1hr ago..problem is everytime i save a chart my pc crashes..lol
Gave me a different view on cable. You are assuming the current monthly bearish candle is a retrace of 1.52673 low to the 1.63083 high if i'm right. Well we hit the rising trend-line at 1.58222 and could possibly see a break of the said high. Like you said only if the 1.5830 area holds. If not then we are going deep down. Thanks again
