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Cable Update (GBPUSD)

  • #344,281
  • Jul 25, 2013 8:42am Jul 25, 2013 8:42am
oh.. now i'm thinking it will retrace from that point.. Daily chart also now hit EMA50. Bias on LONG.
  • #344,282
  • Jul 25, 2013 9:20am Jul 25, 2013 9:20am
#GBPUSD

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 96 KB
My blog: magchart.blogspot
  • #344,283
  • Jul 25, 2013 9:46am Jul 25, 2013 9:46am
that's was a clear view.. thanks eitan1010 and magadam. I just worried about weird market movement and breakout..
  • #344,284
  • Jul 25, 2013 10:48am Jul 25, 2013 10:48am
ok for smaller move today as 1st step of small top formation but not break the final levels for more to crush next , top can be even crazy again !! anyway almost ok for the next crush next day or so to watch.
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 30 KB
Click to Enlarge Name: eurusdh4.png Size: 47 KB
Click to Enlarge Name: goldh4.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,285
  • Jul 25, 2013 12:51pm Jul 25, 2013 12:51pm
Quoting Makavell
Buying GBP at current price 1.5294 target 1.5430
Should hit target morrow
  • #344,286
  • Jul 25, 2013 3:14pm Jul 25, 2013 3:14pm
Quoting fxlover11
The spike was preset. Imo it will break 1.5400 today.
1.5400 broken within today.
Never test the depth of water with both feet.
  • #344,287
  • Jul 25, 2013 3:14pm Jul 25, 2013 3:14pm
Quoting Makavell
Buying GBP at current price 1.5294 target 1.5430

Quoting Makavell
{quote} Should hit target morrow
OOOPs! I spoke too soon
  • #344,288
  • Jul 25, 2013 3:54pm Jul 25, 2013 3:54pm
Looks like market over reacted to news of +0.6% gdp growth in Q2 Uk ? ..Barclays however apparently talking about finding a top between 5440-5500 for a measured move back down to 4800 ? Following the drop from 5386 to 5261 - a strong recovery extends past yesterday's hi to a Daily R2/85.4% 5531-4811 in 1st 1/2 of that previous 4hr swing hi zone that extends to 5441, where supply has been encountered...depending on tomorrows daily candle we could see a 2nd fractal swing HL develop there on the daily which was exhibiting strength with a HL and a H above the last 2 x LH...and of course a fractal HH will result at some point now on this t/f.

G/L
ex member
  • #344,289
  • Jul 25, 2013 3:55pm Jul 25, 2013 3:55pm
I have shorted GU. I doubt its bull run end here.
Never test the depth of water with both feet.
  • #344,290
  • Jul 25, 2013 4:00pm Jul 25, 2013 4:00pm
Quoting fxlover11
I have shorted GU. I doubt its bull run end here.
Yes I have shorted GU too. Pounds has up too many days... time to go down, 200 pips! I hope.
  • #344,291
  • Jul 25, 2013 4:14pm Jul 25, 2013 4:14pm
Quoting fxlover11
{quote} 1.5400 broken within today.
this one below help to achieve that...

http://www.forexfactory.com/news.php?do=news&id=439382
when GOD brings you a challenge he also gives you the power to deal with it
  • #344,292
  • Jul 25, 2013 4:19pm Jul 25, 2013 4:19pm
Another crazy in gu again . funny apparently with all very fast recovering news /scams etc perhaps .
Expecting the opposite then as usual > very fast crush next maturing !!as early as next day /week !!usdx actually suffocating now , I see it below 82.
gbp & aud should relatively stronger next as expecting for some time but not any great trend change or so soo soon, all in a downhill play .
lets see .
fontu
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbpusdm5.png Size: 30 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #344,293
  • Jul 25, 2013 4:28pm Jul 25, 2013 4:28pm
Quoting eitan1010
{quote} this one below help to achieve that... http://www.forexfactory.com/news.php?do=news&id=439382
Yes, this news change the game quickly when GU recovering it's fall slowly. Actually I think it cause false breakdown of UJ and while other pair like GU , AU and EU also rising. Now may be time for strong USD. I expect fall of GU.
Never test the depth of water with both feet.
  • #344,294
  • Jul 25, 2013 4:55pm Jul 25, 2013 4:55pm
GBPUSD to hit 1.55
I Wish You All The Best
  • #344,295
  • Jul 25, 2013 8:49pm Jul 25, 2013 8:49pm
Quoting Baterfx
GBPUSD to hit 1.55
agree
  • #344,296
  • Jul 25, 2013 8:50pm Jul 25, 2013 8:50pm
I took my long off the table at 1.542 380 pips ain't bad when I thought this bugger might stop out 300 loss. Good day all.
  • #344,297
  • Jul 25, 2013 9:37pm Jul 25, 2013 9:37pm
Quoting fxlover11
{quote} Yes, this news change the game quickly when GU recovering it's fall slowly. Actually I think it cause false breakdown of UJ and while other pair like GU , AU and EU also rising. Now may be time for strong USD. I expect fall of GU.
if breakdown, it may go lower price than yesterday. Waiting for that.
  • #344,298
  • Jul 25, 2013 11:06pm Jul 25, 2013 11:06pm
Quoting Baterfx
GBPUSD to hit 1.55
agree too..

my simple technical view: Only short, when it hit EMA50 on weekly chart. Now it's still bounce from EMA50 on H4 & daily chart.
Will see any others opinion from you all..
  • #344,299
  • Jul 25, 2013 11:50pm Jul 25, 2013 11:50pm
Quoting pipsclip
{quote} agree too.. my simple technical view: Only short, when it hit EMA50 on weekly chart. Now it's still bounce from EMA50 on H4 & daily chart. Will see any others opinion from you all..

my instinct tells me this being Friday big money is OFF which means Bear London
I could be wrong but it takes lot of money to push the price UP and lack of it price falls.
In trading, you have to be defensive and aggressive at the same time
  • #344,300
  • Jul 26, 2013 12:15am Jul 26, 2013 12:15am
All indicators shows me long position on GBP/USD. So I stay long. I think today it must hit 1.5485
God, i love, how i'm trade!!!
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