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Cable Update (GBPUSD)

  • #414,541
  • May 1, 2015 8:19am May 1, 2015 8:19am
Its been a downtrend from July 2014 and it is still going on.We never touch 1.5558, so we still have higher low(1.5496). We need to look at the big picture,
  • #414,542
  • May 1, 2015 8:25am May 1, 2015 8:25am
Quoting sakisf
1.43 is now good for long.
should i share what months candle will look like?
  • #414,543
  • May 1, 2015 8:26am May 1, 2015 8:26am
look on 1,61 fb and support 1,5110 1,5080
Attached Image (click to enlarge)
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  • #414,544
  • May 1, 2015 9:05am May 1, 2015 9:05am
whoaaa...
braintheboss and dano12 look at 1.5080 as support,
why not 1.5039 ---> fibonacci 50% as support
  • #414,545
  • May 1, 2015 9:14am May 1, 2015 9:14am
one last try for a long @1.5122, TP 1.5140 SL 1.5105
  • #414,546
  • May 1, 2015 9:24am May 1, 2015 9:24am
Quoting naidra
whoaaa... braintheboss and dano12 look at 1.5080 as support, why not 1.5039 ---> fibonacci 50% as support
I use reuters benchmark rates with inside fibos...
Try don't lose pants never...
  • #414,547
  • May 1, 2015 9:28am May 1, 2015 9:28am
Quoting naidra
whoaaa... braintheboss and dano12 look at 1.5080 as support, why not 1.5039 ---> fibonacci 50% as support
:nerd:
Attached Image (click to enlarge)
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  • #414,548
  • May 1, 2015 9:29am May 1, 2015 9:29am
Quoting kk300
{quote} should i share what months candle will look like?
Attached Image
  • #414,549
  • May 1, 2015 9:31am May 1, 2015 9:31am
Quoting fxmasterdxb
one last try for a long @1.5122, TP 1.5140 SL 1.5105
Easy money cashed
  • #414,550
  • May 1, 2015 10:06am May 1, 2015 10:06am
Quoting naidra
whoaaa... braintheboss and dano12 look at 1.5080 as support, why not 1.5039 ---> fibonacci 50% as support
i want to add one more confluence 200 ema 1.5030ish at 4h
Say something meaningful or Silence!!
  • #414,551
  • May 1, 2015 10:10am May 1, 2015 10:10am
Quoting naidra
1.503x is a good place for switch long guys ? Long at 1.503x for 1.61xx any opinion ? {image}
If 1.503x goes then be looking to catch the hot knife at 1.4650.
  • #414,552
  • May 1, 2015 10:22am May 1, 2015 10:22am
Quoting Makavell
{quote} If 1.503x goes then be looking to catch the hot knife at 1.4650.
hmm you guys seem to be sure we will not be stalling and reversing at this level

i see a decent structure on daily at this level + the current rejection! I know we are running at low liquidity though PA tried to get through twice and it was rejected.

I will keep this option open for the time being with monitoring PA closely next week
Attached Image (click to enlarge)
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  • #414,553
  • May 1, 2015 11:04am May 1, 2015 11:04am
(Weekly)
Attached Image (click to enlarge)
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  • #414,554
  • May 1, 2015 2:58pm May 1, 2015 2:58pm
Quoting Makavell
{quote} If 1.503x goes then be looking to catch the hot knife at 1.4650.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 29 KB
Come with me if you want to live....
  • #414,555
  • May 1, 2015 3:01pm May 1, 2015 3:01pm
Clear rejection on weekly.
Likely more down
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Come with me if you want to live....
  • #414,556
  • May 1, 2015 11:30pm May 1, 2015 11:30pm
Maybe i am over estimated. But i see the 1.3x target for this strong motion down trend. Something around 1.36 for gbp/usd.
Regard
  • #414,557
  • May 2, 2015 2:31am May 2, 2015 2:31am
Quoting akbari_51
Maybe i am over estimated. But i see the 1.3x target for this strong motion down trend. Something around 1.36 for gbp/usd. Regard
in the case it breach 1,465 and 1,457 in one go 1.43 and 1.38 is lining up on the horizon. right now all we know is that it will definitely reach 1.508 and we will have to look at PA at that level to decide whats next
  • #414,558
  • May 2, 2015 3:26am May 2, 2015 3:26am
The news this morning about the royal baby will help GBP to go up from the market opening tomorrow night. The new born may inject more than 400 million of euros in english economy on very short term.
GBP will rise as the 22th july 2013
  • #414,559
  • May 2, 2015 10:22am May 2, 2015 10:22am
Attached Image (click to enlarge)
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  • #414,560
  • May 2, 2015 2:00pm May 2, 2015 2:00pm
Plan for next 2 weeks. 2nd if it turns out bullish again (unlikely).
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