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Cable Update (GBPUSD)

GBPUSD:
SELL
If the price breaks through the level 1.52427 bearish movement will start. Targets of the bearish movement: 1.51848.
Quoting funtik
GBPUSD: SELL If the price breaks through the level 1.52427 bearish movement will start. Targets of the bearish movement: 1.51848.
short position and set stop loss at today's high
Quoting pindang
{quote} short position and set stop loss at today's high

wait till its will close under 1.52427 dont hurry up to open position.
this is my opinion
when GOD brings you a challenge he also gives you the power to deal with it
Quoting 5percent
Hour 4 range's channel on GBPUSD. Price has yet to close under the 1.5214/10 support. A bounce/close above hourly's resistance @ 1.5234/35 will then validate this demand zone. A lower lo after 1.5195 will have breakout to the downside on the card. first minor resistance @ 1.5225 or pull back add on retrace. above 1.5225, stronger pullback likely. 38.2 of 1.5273/1.5196 of London's Session {image}
1.5280 is the final pressure for the bear as indicated here earlier on the chart, buy stops are on above daily high on the break of 1.53's level.

shorts on 1.5280/96 have good rr with stop after daily high or hedge buy stops.
HH in H1 and swing formation at 5380's would act as a confirmation for this scenario.. I'm betting already..
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69
Quoting Likerty
HH in H1 and swing formation at 5380's would act as a confirmation for this scenario.. I'm betting already.. {image}
It would be nice to see it moving in to 5310's today
69
Quoting Trader88q
and I think that we are in a micro downtrend. It means we are still not broken 5032 level but we are going to that point. if 5032 will be broken then i will not enter any shorts and will wait 4950.
Quoting Maso
I strongly agree with you mate. {quote}
I am not all that clear about this. Is the reason behind the above comments because 5032 ia a support whereas 4950 is a resistance, or is there something else?
Quoting pindang
Is it good time for short ? {image}
Logically ok , evolving a new wave but you are seeing a very small part of the whole wave & must be very difficult follow e wave developments, can be any when take greater waves etc .Now in corrective wave up & can be of any complexities , abc or channel or any pattern etc. 5200/5198 is the level test before further decision , breaks & hold , specially breaks 5163 can take to 5027 or ultimately bear continuation through previous low .bais bear with eu & gold this time , most probable, already ready & started for .
anyway good try see market logically .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
5110-5150 area would be a good long, methinks.

http://i35.tinypic.com/2lt0dh2.jpg
Quoting chazzle
GU M15 small bounce...? {image}
another...?
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  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hi there! I think GBP is going up on this daily chart. Usd is maxed out on EURusd (resistance became support at 1.30), usd/jpy is exhausted of trying to get the 100, USD/cad is prepared to dive, and the numbers from the US are not so good to keep this USD any more stronger.
What do you think?
Attached Image
I think you may see support go ,I dont think the tl will hold

Tony
(18 years trading )

Quoting Tradedly
Lower lows into this support zone: http://youtu.be/wzTL6VgfZro
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#doyourownanalysisordietryin
Quoting Bones
I think you may see support go ,I dont think the tl will hold Tony (18 years trading ) {quote} {image}
Yes. This one's been so technical for so long now that there needs to be a little pain/clearance, or so I believe.

I plan on not feeling it!
Cable in a bit of trouble on the weekly ,but not so much monthly so I guess this is the reason so frustating Trad
But I think weekly looks clear not to try buy this week for me

(edit at this level)
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#doyourownanalysisordietryin
Quoting 5percent
{quote} 1.5280 is the final pressure for the bear as indicated here earlier on the chart, buy stops are on above daily high on the break of 1.53's level. shorts on 1.5280/96 have good rr with stop after daily high or hedge buy stops.

Agreed!!
Quoting Likerty
{quote} It would be nice to see it moving in to 5310's today
not gonna happen!
Good Setup Coming Up Before London open! Gear up! A break above the trend line could take the price to 61.8 or 100% level, a break below to '0' levels.
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Wait for the market to come to you.. then take the green pips..
5 Percent when placing buy stops how far above the resistance do you place them
TL is not my food but the daily candle formation indicating down,we indeed shoot high yesterday when kisses the TL but we close 50% body below and the EU also closed below the Monthly S,breaking yesterday low might bring both pairs smoothly down today

Pound/Dollar Daily
Attached Image
If there was easy money lying around,no one would be forcing it into your
Quoting FXMindset
TL is not my food but the daily candle formation indicating down,we indeed shoot high yesterday when kisses the TL but we close 50% body below and the EU also closed below the Monthly S,breaking yesterday low might bring both pairs smoothly down today Pound/Dollar Daily {image}
FX, would have loved the pound to decline yesterday pound moves oddly to me I need to trade it more!
When the facts change I change my mind, what do you do sir
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