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Cable Update (GBPUSD)

  • #339,181
  • Apr 20, 2013 4:23am Apr 20, 2013 4:23am
This is how I see it on the daily
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  • #339,182
  • Apr 20, 2013 4:27am Apr 20, 2013 4:27am
Quoting Ill-b-back
Impressive weekend?? What do you measn by this?
The Fitch downgrade for the UK I assume.
  • #339,183
  • Apr 20, 2013 4:34am Apr 20, 2013 4:34am
Pound/Dollar - Daily
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If there was easy money lying around,no one would be forcing it into your
  • #339,184
  • Apr 20, 2013 4:51am Apr 20, 2013 4:51am
Yea I see your point ,but I dont know about that tl

Quoting FXMindset
Pound/Dollar - Daily {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #339,185
  • Apr 20, 2013 5:09am Apr 20, 2013 5:09am
What I see is a head and shoulders on the 4HR time frame and a very strong retest on Friday. The retest failed to break the right shoulder high and price then fell away.

I am looking at the start of next week at least being bearish depending on how much we gap down due to Fitch's downgrade of the UK.

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  • #339,186
  • Apr 20, 2013 5:16am Apr 20, 2013 5:16am
Actually, 5125 area looks promising on a second look.
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Come with me if you want to live....
  • #339,187
  • Apr 20, 2013 7:55am Apr 20, 2013 7:55am
Everything seems showing that the trend up is finished , but I would like to see a clear break of the triangle this week and the star of the down channel to be sure .
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  • #339,188
  • Apr 20, 2013 9:43am Apr 20, 2013 9:43am
Quoting -sonny-
Everything seems showing that the trend up is finished , but I would like to see a clear break of the triangle this week and the star of the down channel to be sure . {image}
i agree..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #339,189
  • Apr 20, 2013 11:44am Apr 20, 2013 11:44am
We may see a big gap on Sunday. Look:

Italy's Napolitano re-elected for 2nd term after Bersani resigns over presidential crisis

http://rt.com/news/italy-political-c...president-142/
  • #339,190
  • Apr 20, 2013 12:07pm Apr 20, 2013 12:07pm
What effect maso do you think it will have on the EURGBP? A gap up?
  • #339,191
  • Apr 20, 2013 12:48pm Apr 20, 2013 12:48pm
Well, the pair EG is generally bullish. Moreover, sterling is under the downward pressure. But anything may happen because of weaknesses of Yen. Because it helps USD.

Quoting iNSIELD
What effect maso do you think it will have on the EURGBP? A gap up?
  • #339,192
  • Apr 21, 2013 7:59am Apr 21, 2013 7:59am
1.5201 potential place of confluence
  • #339,193
  • Edited 9:34pm Apr 21, 2013 9:14pm | Edited 9:34pm
Good Morning , So a bull try in gold & eu specially , gap up , filled & continue a little . ok but no hope specially in eu & to some extent in gu too but certainly a turmoil can happen before a great crush , mini ok too as start .Monday! so turmoils /ranges as usual perhaps .

If gold actually at this situation 1425.48 & 27 $ then that will be the last leg up for final down , may be shortcut not 1553 high .better go down & take further support confirmation at 1358 or lows with next probable camel action strong to that highs.
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #339,194
  • Apr 22, 2013 1:48am Apr 22, 2013 1:48am
I am expecting a re-test of the weekly support at 1.525-1.527 before it heads south.
  • #339,195
  • Apr 22, 2013 1:53am Apr 22, 2013 1:53am
Quoting rehab
I am expecting a re-test of the weekly support at 1.525-1.527 before it heads south.
It's Monday today, prefer ranging trade. The test south of 1.52 level then head up 1.5280 before any true move occurs
  • #339,196
  • Edited 4:08am Apr 22, 2013 1:53am | Edited 4:08am
on the bigger picture, if 1.5200/10 [23.6] holds, it will re-test 38.2 and 61.8 of daily chart. There's both buying and shorting opportunity. I prefer long if its on daily's entry and targets, as 23.6 acts as my support with small stop loss. Intra-day, still going with fibonacci range or trend on hourly and 4hourly.
  • #339,197
  • Apr 22, 2013 3:59am Apr 22, 2013 3:59am
May not see 1.5180 or lower before seeing 1.5270 or 1.55
Trade according to current market condition, not what you think would be.
  • #339,198
  • Apr 22, 2013 4:10am Apr 22, 2013 4:10am
I hope GU go to 1.5360
  • #339,199
  • Apr 22, 2013 4:24am Apr 22, 2013 4:24am
GU

I don't wanna analysis the dominant Trend right now, and just suggesting the strong Area for Long and Short Entry Position

Area between :
1.5288 --- 1.5320 is Strong Area for Short Position

1.5170--- 1.5138 is strong Area for Long Position

Closing Daily Candle above 1.5380 will send pair toward Monthly Resistance
Closing Daily Candle below 1.5130 will send pair towards Monthly Support
Don’t follow someone else’s trading advice blindly
  • #339,200
  • Apr 22, 2013 4:46am Apr 22, 2013 4:46am
230 hold -> 260 next

if upward momentum and vol are strong, should struggle a bit between 270 and 300.
I still need a trading break soon!!! "Loose some to win more" --Baher A.
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