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Cable Update (GBPUSD)

  • #410,641
  • Feb 28, 2015 3:18pm Feb 28, 2015 3:18pm
Quoting elbert3
Hi Guys just a quick look in before we go out,, waiting for the ladies have a look at last Sundays did not go past the main support line and hit the targets ,, post charts when back on sunday,,gl regards E http://www.forexfactory.com/showthre...378&page=20485
Be good or you will have Barney Rubble with the trouble and strife, nothing has changed. Same chart. Been posting it since January so not much to say most of the time. The other ones are still there.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily228.jpg Size: 253 KB
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  • #410,642
  • Feb 28, 2015 3:20pm Feb 28, 2015 3:20pm
You feel the upward correction is now over and we're headed short to at least make a double bottom and most likely a new low?
  • #410,643
  • Feb 28, 2015 3:47pm Feb 28, 2015 3:47pm
1.508x could be a buy late next week or early next if we get there as we could play ping pong next month
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #410,644
  • Feb 28, 2015 6:05pm Feb 28, 2015 6:05pm
GBPUSD

Monthly is currently in a downtrend

Weekly is in a downtrend, currently retracing long, until proven different.

Daily has broken the downtrend for now with a retrace Long, signs of it retesting lower, bouncing off of the 50 SMA at this time.
No ADX momentum on the up climb.

H4 is trending long with signs of weakening, currently above the 50 SMA

H1 is showing signs of not going much higher at this time, ADX momentum is flat and PA is Mixed.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu h4 2_28.JPG Size: 449 KB
The More You Learn, The More You Earn.....
  • #410,645
  • Feb 28, 2015 6:09pm Feb 28, 2015 6:09pm
Quoting Ill-b-back
With channel break, close below 61.8 fib, record money flows OUT of European banks and negative interest rates being all the rage, I'm thinking euro to parity next fib support. It's late here, off to bed. Have a great weekend guys. {image} {image} {image}
I'm thinking euro to parity < I agree................
The More You Learn, The More You Earn.....
  • #410,646
  • Feb 28, 2015 9:37pm Feb 28, 2015 9:37pm
Quoting forexalien
{quote} I'm thinking euro to parity < I agree................
Looking at EG, it will fall much faster than GU.

(and so it should I guess).
Come with me if you want to live....
  • #410,647
  • Mar 1, 2015 4:01am Mar 1, 2015 4:01am
Quoting forexalien
GBPUSD Monthly is currently in a downtrend Weekly is in a downtrend, currently retracing long, until proven different. Daily has broken the downtrend for now with a retrace Long, signs of it retesting lower, bouncing off of the 50 SMA at this time. No ADX momentum on the up climb. H4 is trending long with signs of weakening, currently above the 50 SMA H1 is showing signs of not going much higher at this time, ADX momentum is flat and PA is Mixed. {image} {image}
We'll see 1.5180 area from what I can see right now. Just to test that are. If that holds we can go further up.
  • #410,648
  • Edited 4:45am Mar 1, 2015 4:34am | Edited 4:45am
well i notice a lot of wave type traders say up move is bearish ,the only problem piercing line on monthly is the sharp fall prior ,
so confirmation could be best in this case which is not that far away ,or nice bullish pa on pullback
depends on open to what my weekly looks like ,chance of price falling lower than bottom is very low this month
above 1588 chart will fly

Quoting navk
{quote} In smaller time Frame. 4hr, it is set to go lower ?
Attached Image(s) (click to enlarge)
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  • #410,649
  • Mar 1, 2015 4:41am Mar 1, 2015 4:41am
Quoting Bones
well i notice a lot of wave type traders say up move is bearish ,the only problem piercing line on monthly is the sharp fall prior ,so confirmation could be best in this case which is not that far away ,depends on open to what my weekly looks like ,chance of price falling lower than bottom is very low this month {quote} {image}
Agreed Tony. Still have upper targets, much the same as Mr. Scott's so no need posting again. Been seeing, calling and waiting for the $ retrace for some time now. Seems close to me and would foster that but we shall see.

Hope all is well on your end brother.
Ghost Rider - WWTBMD?
  • #410,650
  • Mar 1, 2015 5:20am Mar 1, 2015 5:20am
hey Chris yea I'm good ,and you I hope cool



Quoting albchr
{quote} Agreed Tony. Still have upper targets, much the same as Mr. Scott's so no need posting again. Been seeing, calling and waiting for the $ retrace for some time now. Seems close to me and would foster that but we shall see. Hope all is well on your end brother.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #410,651
  • Mar 1, 2015 12:15pm Mar 1, 2015 12:15pm
Quoting attilafx
{quote} We'll see 1.5180 area from what I can see right now. Just to test that are. If that holds we can go further up.
That works for me...............

It's all about waves inside of waves...................
Attached Images
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  • #410,652
  • Mar 1, 2015 12:29pm Mar 1, 2015 12:29pm
Evening guys

So hups into a new week . I have some positions in GU so im expecting to fall this little bit more lower as on H4 graph - picture was broken a trend line downwards targeting 1.53377 in the case of respecting the cloud. On daily graph im targeting 1.5248 . After that i will start to buy will little positions. It will also depend on momentum and power of wave to the down ,...

Wish you many green pips guys.
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Many green pips guys
  • #410,653
  • Mar 1, 2015 8:28pm Mar 1, 2015 8:28pm
1.538 - 1.54 is very critical imho.
Overall I am still bullish bias.
Long gu tp 1.544.
small lot.

short uj, tp 119.5 and 119.3

could be wrong.
will see.
  • #410,654
  • Mar 1, 2015 9:44pm Mar 1, 2015 9:44pm
Looks like we are going down from here. 1.5342 first
Attached Image (click to enlarge)
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  • #410,655
  • Mar 2, 2015 2:51am Mar 2, 2015 2:51am
Quoting Idkurv
1.538 - 1.54 is very critical imho. Overall I am still bullish bias. Long gu tp 1.544. small lot. short uj, tp 119.5 and 119.3 could be wrong. will see.
down
  • #410,656
  • Mar 2, 2015 3:11am Mar 2, 2015 3:11am
Is gu waiting for PMI data?
  • #410,657
  • Mar 2, 2015 3:18am Mar 2, 2015 3:18am
Quoting Idkurv
Is gu waiting for PMI data?
falling knife
  • #410,658
  • Mar 2, 2015 3:47am Mar 2, 2015 3:47am
Quoting jasakreatif
{quote} down
Bought on Friday hombre ..
SPUD
  • #410,659
  • Mar 2, 2015 3:57am Mar 2, 2015 3:57am
Want close monday gap...
Try don't lose pants never...
  • #410,660
  • Mar 2, 2015 4:04am Mar 2, 2015 4:04am
I'll be scalping with bearish bias. The only last short-term support trendline has more or less been broken, with chances of fake breakdowns getting slimmer everytime we get bearish technical confirmation.

Inconclusive fundamental data isn't going to move GBP too much, but GBP being GBP, always be careful of spikes.
Looking at 15430 as short term resistance, while a break below 15380 will bring us lower.
Luck shines on the positive.
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