When it happens, it will be fast in classic Cable fashion. 
Cable Update (GBPUSD)
- #370,821
- Apr 7, 2014 1:02pm Apr 7, 2014 1:02pm
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #370,824
- Apr 7, 2014 1:35pm Apr 7, 2014 1:35pm
- | Joined May 2012 | Status: Trader | 1,292 Posts
i see the big buy of most of retailers at 6475 again. the huge volumes will take place and then MM will fak u up again as always 
- #370,828
- Apr 7, 2014 1:46pm Apr 7, 2014 1:46pm
{quote} cable has not yet pass the key level of turning the bias to bullish.. with target that far... i think that's not a realistic target..
It has to move upside before start the bearish ride.
In 12H, Daily its making an inverse Head and Shoulder.. currently making right shoulder.
Classical chart patterns of currencies from 15+ Year Pro Trader
- #370,829
- Apr 7, 2014 1:50pm Apr 7, 2014 1:50pm
- Joined May 2009 | Status: Trader | 4,895 Posts
{quote}
this suggest the move up is just a retest and only considered as breakout retest pattern..
- #370,830
- Apr 7, 2014 2:12pm Apr 7, 2014 2:12pm
- Joined Aug 2011 | Status: Trader | 4,005 Posts
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #370,831
- Apr 7, 2014 2:21pm Apr 7, 2014 2:21pm
- Joined Jun 2013 | Status: Trader | 3,071 Posts
EU Daily Bear, moving on wedge targets {image} GU Daily break or bounce? Bounce I think... {image}
Bounced!
- #370,834
- Apr 7, 2014 2:44pm Apr 7, 2014 2:44pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} yups not going to argue with that.. that's a valid technical of support holding.. i'm thinking, we might get entry later and will be based on failure of the price to break 6620 (consolidation, exhaustion, etc later on)..
Looking at weeklies, and how high the price got into right now kinda makes you want to look for weakness some time down the road and short sell big time.
yeah, a shot at further upside is an option, but the risk/reward simply is not there.
- #370,837
- Apr 7, 2014 3:10pm Apr 7, 2014 3:10pm
- Joined May 2009 | Status: Trader | 4,895 Posts
{quote} could range, OK, however on W1 historically 6650 PA was rejected more than 8 times, which kinda makes you think 6650 would be a tough nut to crack regardless. Looking at weeklies, and how high the price got into right now kinda makes you want to look for weakness some time down the road and short sell big time.
i'm talking about inter pair comparison.. on cable alone, resistance of 6620 prove to hold, that alone states more downside is ahead of us..
- #370,838
- Apr 7, 2014 3:12pm Apr 7, 2014 3:12pm
- Joined Sep 2007 | Status: simmer down now | 1,251 Posts
- #370,840
- Apr 7, 2014 3:21pm Apr 7, 2014 3:21pm
- Joined Sep 2009 | Status: Trader | 1,027 Posts
Hey,
I see a weakness on this weekly chart.
100% it is an indicator, which show that, but I am wondering how are the fundamentals?
How about a Short at 1.6666 , SL 1.69 (233 pip) TP 1.6000 (666pip) ?
I see a weakness on this weekly chart.
100% it is an indicator, which show that, but I am wondering how are the fundamentals?
How about a Short at 1.6666 , SL 1.69 (233 pip) TP 1.6000 (666pip) ?
I want to buy PATIENCE