Nice impulse up in minute GU, but UJ looks overdone to the downside and on 5m GU possible W top is forming.
Cable Update (GBPUSD)
- #412,683
- Mar 31, 2015 8:55am Mar 31, 2015 8:55am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #412,684
- Mar 31, 2015 8:58am Mar 31, 2015 8:58am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Not to worry, 1.48 has been crossed, just watch for resistance there. 1.4850 may happen soon but not sure, got out with my 50 pips.
- #412,685
- Mar 31, 2015 9:00am Mar 31, 2015 9:00am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
- #412,689
- Mar 31, 2015 9:53am Mar 31, 2015 9:53am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} My resistance is a little bit higher than yours. {image}
- #412,691
- Mar 31, 2015 10:01am Mar 31, 2015 10:01am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
Had to sell that @1.4860 
- #412,693
- Mar 31, 2015 10:21am Mar 31, 2015 10:21am
- Joined Mar 2008 | Status: Name real with real own way | 23,414 Posts
Had to sell that @1.4860
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #412,694
- Mar 31, 2015 10:26am Mar 31, 2015 10:26am
- Joined Sep 2013 | Status: boreddddd | 3,137 Posts
- #412,696
- Mar 31, 2015 11:50am Mar 31, 2015 11:50am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I'm still buying.... 
Scaled half position near 4860.
Now the 4780-4820 area as to hold as support to confirm further upward.
Tomorrow starts a new moth and quarter. There are some interesting levels to the upside to be re tested. first of all monthly pivot area near 1.5320 (could get 2months to get there!!) and even the quarterly pivot (could get even 6months to get there).
I will patiently wait price to develop. Atm still looks like we are having LL-LH indeed i find my self scaling positions every time lower. Maybe something to care into lower 1.47? or even 1.46? mm Time will tell, as always!
Good luck
Scaled half position near 4860.
Now the 4780-4820 area as to hold as support to confirm further upward.
Tomorrow starts a new moth and quarter. There are some interesting levels to the upside to be re tested. first of all monthly pivot area near 1.5320 (could get 2months to get there!!) and even the quarterly pivot (could get even 6months to get there).
I will patiently wait price to develop. Atm still looks like we are having LL-LH indeed i find my self scaling positions every time lower. Maybe something to care into lower 1.47? or even 1.46? mm Time will tell, as always!
Good luck
90% of traders use TA, indicators and prediction
- #412,697
- Mar 31, 2015 12:01pm Mar 31, 2015 12:01pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #412,699
- Mar 31, 2015 12:21pm Mar 31, 2015 12:21pm
- Joined Dec 2013 | Status: Trader | 19,815 Posts
watch this 850 level dont hold your long in profit, it could eat into it slowly 
i have a confirm buy order filled as it came back but i have a sl on that open line
{image} rushed it
Yes, my D chart shows it under the 90d EMA, but what's your point ? The 100 says 1.53, it will not reach that or cross it IMHO, I was just trading a 10 lot intraday for 50-70 pips, not that much interested in what may happen tomrorow
, He who trades and runs away, lives to trade another day 