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Cable Update (GBPUSD)

  • #379,341
  • May 27, 2014 11:45pm May 27, 2014 11:45pm
If 4H close below the trendline. I'm looking next daily support which is 1.6763 and the next major support as stated by fontu 1.673
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Read the entire market, money is made on the main trend not the fluctuation
  • #379,342
  • May 27, 2014 11:46pm May 27, 2014 11:46pm
Quoting Kofmaster
{quote} I always love to wait for confirmation. A little early doesn't make you rich , a little late doesn't make you poor as well. If your trade is insured, less nail biting experience

Yep insured my trade as my long was covered by my scalp short .. equaled everything out.. but also got a long running from 169 levels targeting much moch lower levels,.. expect we will see 1.6756 now and then perhaps the move back up to the area I want to short 1.6848/50
  • #379,343
  • May 27, 2014 11:49pm May 27, 2014 11:49pm
Quoting Fx_Anil
GBPUSD seems indicating a test of 1.6600 given the sustained trading below 1.6780. However, 1.6730, 1.6685 can become intermediate support levels for the pair. {image}
Yep, could be 1 way traffic on a No News Wednesday.
Looks like that TL will go
Come with me if you want to live....
  • #379,344
  • May 27, 2014 11:54pm May 27, 2014 11:54pm
Long single candle down to the Daily trendline - could be a bounce at the top of the hour so shorts beware of this.
  • #379,345
  • May 27, 2014 11:54pm May 27, 2014 11:54pm
My trendline applies to 4H and D1 in this case. So it still can be save if daily candle all the way close up to 1.69
Read the entire market, money is made on the main trend not the fluctuation
  • #379,346
  • May 28, 2014 12:08am May 28, 2014 12:08am
Quoting Fx_Anil
GBPUSD seems indicating a test of 1.6600 given the sustained trading below 1.6780. However, 1.6730, 1.6685 can become intermediate support levels for the pair. {image}
16756 will hold it and take it back too 1.6850 causing indecision in my opinion but still going to buy at 1.6756 and sell at 16850
  • #379,347
  • May 28, 2014 12:12am May 28, 2014 12:12am
Seems continuation South
Attached Image (click to enlarge)
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  • #379,348
  • May 28, 2014 12:15am May 28, 2014 12:15am
Quoting reclude82
{quote} bearish gartley, so longer term rebound is out of question
yeah, most definately.
  • #379,349
  • May 28, 2014 12:16am May 28, 2014 12:16am
Quoting Ill-b-back
{quote} Yep, could be 1 way traffic on a No News Wednesday. Looks like that TL will go
I just saw your reply when the cable is already at 1.6760 and it made me smile Wish to test the TL as i did yesterday as well.
  • #379,350
  • May 28, 2014 12:18am May 28, 2014 12:18am
Quoting RussJ
{quote} 16756 will hold it and take it back too 1.6850 causing indecision in my opinion but still going to buy at 1.6756 and sell at 16850
Agree with you to a certain extent that the pair can reverse from 1.6756. However, in my personal view i think that support will not be respected this time as there prevails huge downside momentum. Lets hop for the weaker days of GBPUSD.
  • #379,351
  • May 28, 2014 12:19am May 28, 2014 12:19am
yep don't see 1.6756 breaking today... think now 1.6794 shorts us back too 167.67 then we get bought back too 1.6850
  • #379,352
  • May 28, 2014 12:21am May 28, 2014 12:21am
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  • #379,353
  • May 28, 2014 12:22am May 28, 2014 12:22am
Lets expect but do not anticipate. Anticipate is a deadly to this business. Shall wait for 4H close.
Read the entire market, money is made on the main trend not the fluctuation
  • #379,354
  • May 28, 2014 12:31am May 28, 2014 12:31am
Quoting JimmyC
Seems continuation South {image}
morning jim, yes south for me got short as posted 6810 20 ema holding well on the 30 min chart
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looking to break out of the 4 hour trend now 6781 looks like a resistance or a sell zone again
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  • #379,355
  • May 28, 2014 12:32am May 28, 2014 12:32am
Does anyone having a good idea of how far down we dropping? Want move my tp lower...
  • #379,356
  • May 28, 2014 12:39am May 28, 2014 12:39am
short eur 1362.4 looking to break into 35 zone now gb has give up the 1680 now third time in 2 weeks 16700 areas should be a target area 18126 ti break gbpcad looks good already in the short trade posted above,could be a good day for shorting the pairs
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break the line it should bring gbusd down
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again on the day we need to break the lower tl,, targets on the X
  • #379,357
  • May 28, 2014 12:41am May 28, 2014 12:41am
Quoting cat
Long single candle down to the Daily trendline - could be a bounce at the top of the hour so shorts beware of this.
agreed.
  • #379,358
  • May 28, 2014 12:43am May 28, 2014 12:43am
Quoting elbert3
short eur 1362.4 looking to break into 35 zone now gb has give up the 1680 now third time in 2 weeks 16700 areas should be a target area 18126 ti break gbpcad looks good already in the short trade posted above,could be a good day for shorting the pairs
thanks for sharing!!
  • #379,359
  • May 28, 2014 12:46am May 28, 2014 12:46am
If it gets 67200 could be a good buy to scalp back to 6770 ????
  • #379,360
  • May 28, 2014 12:47am May 28, 2014 12:47am
Quoting lamira
{quote} thanks for sharing!!
lets hope it works i have no long targets as i said 67200 looks good tp and scalp long ?? Only my opinion ,,gl regardse
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