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Cable Update (GBPUSD)

  • #413,621
  • Apr 17, 2015 10:56pm Apr 17, 2015 10:56pm
Quoting SigmaEnigma
We might have ourselves a Shooting Star (D1) if things hold as they are right now. Is this the end of the Bull's fun?
Or bull party has jut began...
I am expecting 1.54.
Of course retracement could occur at current level.
Will see.
  • #413,622
  • Apr 18, 2015 8:13am Apr 18, 2015 8:13am
Price stalled at retest of monthly breakout line.
A retest of 1.4850 area support and daily Breakout line could see the Pound continue towards 1.5185 area strong monthly resistance, 23.6 fib and weekly breakout pattern retest
Attached Image(s) (click to enlarge)
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  • #413,623
  • Edited 1:46pm Apr 18, 2015 1:28pm | Edited 1:46pm
Yes, well.. on daily chart, if no unexpected gap or something, we can take easy money from short here. nice resistance, pivot level. I think we will see price testing 1.4870.
If you want to play this safe.. you can wait for confirming bearish bar and then take short on retracement (if it will be), but then you can miss this trade, anyway, I will take short on open.
Attached Image (click to enlarge)
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  • #413,624
  • Apr 18, 2015 1:34pm Apr 18, 2015 1:34pm
Quoting dreamt1me
Yes, well.. on daily chart, if no unexpected gap or something, we can take easy money from short here. nice resistance, pivot level. I think we will see price testing 1.4870. If you want to play this safe.. you can wait for confirming beerish bar and then take short on retracement (if it will be), but then you can miss this trade, anyway, I will take short on open. {image}
I HOPE you are wrong. I need to get back to a touch of 1.5 or close to that then it can go down as much as it likes. I don't want it to go below 1.4920. What are the chances of it going up then down?
  • #413,625
  • Apr 18, 2015 1:58pm Apr 18, 2015 1:58pm
Quoting fxtrader08
{quote} I HOPE you are wrong. I need to get back to a touch of 1.5 or close to that then it can go down as much as it likes. I don't want it to go below 1.4920. What are the chances of it going up then down?
On bigger picture, most likely price will test 1.158 level. As you can see on Ill-be-back monthly chart price bounced from support. My call would be.. it will test 1.487 and will go up to test 1.58.

Thanks
  • #413,626
  • Apr 19, 2015 7:04am Apr 19, 2015 7:04am
on w1 we see bullish engulfing ,outside ,retrace likely
jpy we see doji , inverted hammer then confirm ?
I'm thinking £ is at res but say 2 week timeframe or less ,higher numbers could be seen ,
Attached Image(s) (click to enlarge)
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  • #413,627
  • Apr 19, 2015 7:13am Apr 19, 2015 7:13am
for somthing like that to fail normally id say wow bearish ,only the nature of cable being range ,and location stops me ,so i go for weakening of this great trend,end of month close important here
Attached Image (click to enlarge)
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  • #413,628
  • Edited 7:58am Apr 19, 2015 7:16am | Edited 7:58am
like eu ,the failure of that monthly was crucial ,it never looked back ,on this tf
failure to do something that seems sure fire is one of the strongest patterns I know
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 19 KB
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  • #413,629
  • Apr 19, 2015 8:40am Apr 19, 2015 8:40am
Quoting Bones
for somthing like that to fail normally id say wow bearish ,only the nature of cable being range ,and location stops me ,so i go for weakening of this great trend,end of month close important here {image}
Too bad you weren't around when I was yelling at E, where is my 30 year tl?
Attached Image (click to enlarge)
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  • #413,630
  • Apr 19, 2015 8:47am Apr 19, 2015 8:47am
Quoting Bones
on w1 we see bullish engulfing ,outside ,retrace likely jpy we see doji , inverted hammer then confirm ? I'm thinking is at res but say 2 week timeframe or less ,higher numbers could be seen , {image} {image}
Gj, she don't play nice.
Attached Image(s) (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #413,631
  • Apr 19, 2015 8:57am Apr 19, 2015 8:57am
I think that the current bullish move is just a correction of the drop from 1.5551 to 1.4565 and it will stop above 61.8% somewhere between 1.52 and 1.53 my guess is 1.5225
Attached Image (click to enlarge)
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  • #413,632
  • Apr 19, 2015 11:47am Apr 19, 2015 11:47am
strictly speaking she hasn't touched it
im guessing somehow it could be May before any major anti trend ,I'm cautious bull for retrace ,waiting for something

Quoting Mr. Scott
{quote} Too bad you weren't around when I was yelling at E, where is my 30 year tl? {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 18 KB
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  • #413,633
  • Apr 19, 2015 2:37pm Apr 19, 2015 2:37pm
Bugger - it gapped down

http://www.bloomberg.com/quote/gbpUSD:CUR
  • #413,634
  • Apr 19, 2015 8:17pm Apr 19, 2015 8:17pm
I don't know what to make of last week. I've read an equal amount of reports saying "To the moon!" and "It's going to plummet!" so I don't know where it's going for this week. My gut is saying it's probably going to drop so my bias is bearish but I don't know. Keep the SL's close.
  • #413,635
  • Apr 19, 2015 9:50pm Apr 19, 2015 9:50pm
Quoting SigmaEnigma
I don't know what to make of last week. I've read an equal amount of reports saying "To the moon!" and "It's going to plummet!" so I don't know where it's going for this week. My gut is saying it's probably going to drop so my bias is bearish but I don't know. Keep the SL's close.
Then it will probably range



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  • #413,636
  • Apr 20, 2015 12:26am Apr 20, 2015 12:26am
Do you see anything interesting here? I see!
Attached Image (click to enlarge)
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  • #413,637
  • Apr 20, 2015 12:35am Apr 20, 2015 12:35am
Quoting justiniuxas
Do you see anything interesting here? I see! {image}
yh...bt be careful.. becoz politicl situation cause currncy weakness
  • #413,638
  • Apr 20, 2015 1:07am Apr 20, 2015 1:07am
Quoting sumumax
{quote} yh...bt be careful.. becoz politicl situation cause currncy weakness
I know, that is exactly, what I m saying. It looks bullish, but UK elections are coming... I saw what happened on last elections, in 2 days 900 pip drop on gbpusd... I m just looking for oportunity to sell, but maybe it is to early, because of this pattern.
  • #413,639
  • Apr 20, 2015 1:29am Apr 20, 2015 1:29am
Quoting justiniuxas
{quote} I know, that is exactly, what I m saying. It looks bullish, but UK elections are coming... I saw what happened on last elections, in 2 days 900 pip drop on gbpusd... I m just looking for oportunity to sell, but maybe it is to early, because of this pattern.
When is the election?
  • #413,640
  • Apr 20, 2015 1:49am Apr 20, 2015 1:49am
Quoting falconz13
{quote} When is the election?
Just google it bro 7th of May 2015.
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