Think H&S might work?
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Cable Update (GBPUSD)
- #410,565
- Feb 27, 2015 5:32am Feb 27, 2015 5:32am
{quote} I was thinking that but now I'm seeing GBP as weak. Could fall hard.
BUY in stop loss in place and gonna ride this wave ..
Never had a probs with being out of position btw if it goes lower then it can only go higher ..
.. right back to work time ..
153 300 also keeping an eye on if it goes lower then 2nd sell will place there ..
Interesting H4 close, honestly I would want to see Yellen's dovishness affecting the price, that means somewhere higher than 1.55, given that 38.2 fib of last H-L on monthly comes in at 1.58, but unsure how much of that is already priced in the movement from 1.5 Would be good for the price to return to 1.5475 area before try some short, for now, watching. {image}
http://www.fxempire.com/technical/te...ical-analysis/ ----> Will head up to 1.58
"looks like it’s ready to go higher and head to the 1.58 level"
http://www.fxempire.com/technical/te...ical-analysis/ -------> Down to 1.52
"we feel that the market should head to the 1.53 handle, which is a minor support level. Once we break below there, we should try to get down to the 1.52 handle which we think is massively supportive."
HAHAHAHA, no clue , really.
Better do your own analysis based on H1 H4 and EMAs RSIs, STOCHs etc.
Cheers,
- #410,575
- Feb 27, 2015 6:53am Feb 27, 2015 6:53am
- Joined Nov 2012 | Status: Trader | 5,895 Posts
my visions
- #410,576
- Feb 27, 2015 6:54am Feb 27, 2015 6:54am
{quote} Read these two technical analysis briefs for Feb 26th and 27th, 2015, what a laugh
Luck shines on the positive.
- #410,577
- Feb 27, 2015 7:13am Feb 27, 2015 7:13am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
Bulls are fighting for every pip, took out my SL's 
- #410,579
- Feb 27, 2015 7:25am Feb 27, 2015 7:25am
- | Joined Aug 2013 | Status: Trader | 1,289 Posts
{quote} Yup, market getting jittery as usual. I'm wondering if Germany CPI gonna move anything at all? Lol
well I thought it move eu up a bit