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Cable Update (GBPUSD)

  • #415,981
  • Jun 2, 2015 3:45am Jun 2, 2015 3:45am
Quoting GrowthHack
{quote} That was the huge correction of UJ's monthly chart 135 is the last target but yes it will retrace many time tomorrow's FOMC will make final decision of USD pairs include gbpusd.
you are good trader sir.

wish u post your thought oftenly in here.
  • #415,982
  • Jun 2, 2015 3:46am Jun 2, 2015 3:46am
Quoting elbert3
{quote} {image} 5300 340 ?? break 5500 and 5600 and 5900 but
Break the congestion here then up for 1.53 by end of day. Possible target for next days further up.
Attached Image (click to enlarge)
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  • #415,983
  • Jun 2, 2015 3:49am Jun 2, 2015 3:49am
Quoting elbert3
{quote} {image} 5300 340 ?? break 5500 and 5600 and 5900 but
  • #415,984
  • Jun 2, 2015 3:50am Jun 2, 2015 3:50am
Attached Image (click to enlarge)
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dont get tooo carried away play it safe you can always get into a trade 50 ema need tl toucch an could see retrace after hope to break if,,if this 50 does not stop it 5228 was breakout
  • #415,985
  • Jun 2, 2015 3:50am Jun 2, 2015 3:50am
Quoting sakisf
{quote} Break the congestion here then up for 1.53 by end of day. Possible target for next days further up. {image}
quick question if i may - interested in your Indicator on the side of the chart is it a Heat Map indicator? just curious
  • #415,986
  • Jun 2, 2015 3:51am Jun 2, 2015 3:51am
Quoting DoNUts
{quote}
watch 5270 area too
  • #415,987
  • Jun 2, 2015 3:53am Jun 2, 2015 3:53am
Quoting DoNUts
{quote}
Attached Image (click to enlarge)
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day resistance here
  • #415,988
  • Jun 2, 2015 3:56am Jun 2, 2015 3:56am
Quoting DoNUts
{quote} quick question if i may - interested in your Indicator on the side of the chart is it a Heat Map indicator? just curious
Price histogram (market profile) from the beginning of the year.

It's here if you wanna test it: http://www.forexfactory.com/showthre...51#post8275751
  • #415,989
  • Jun 2, 2015 3:57am Jun 2, 2015 3:57am
Quoting elbert3
{quote} watch 5270 area too
OK now look (sounding like toney blair) ... really need a low below this one to confirm trend and maybe thats a low from tomorrws fomc crap - or should we say informative data driven news.
  • #415,990
  • Jun 2, 2015 3:57am Jun 2, 2015 3:57am
Quoting sakisf
{quote} Price histogram (market profile) from the beginning of the year. It's here if you wanna test it: http://www.forexfactory.com/showthre...51#post8275751
thanks hombre appreciated
  • #415,991
  • Jun 2, 2015 3:58am Jun 2, 2015 3:58am
Quoting DoNUts
{quote} OK now look (sounding like toney blair) ... really need a low below this one to confirm trend and maybe thats a low from tomorrws fomc crap - or should we say informative data driven news.
Attached Image (click to enlarge)
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money blair is better
  • #415,992
  • Jun 2, 2015 3:59am Jun 2, 2015 3:59am
Quoting GrowthHack
{quote} its working based on 5160 technical key level and tomorrow's FOMC rumor
Rumor=no raise or otherwise?
  • #415,993
  • Jun 2, 2015 4:12am Jun 2, 2015 4:12am
Quoting sakisf
{quote} Rumor=no raise or otherwise?
Rumour is that FOMC has no choice but to raise rates, otherwise US economy will overheat. I'm skeptical of that line of thought, but you never know...
  • #415,994
  • Jun 2, 2015 4:33am Jun 2, 2015 4:33am
If it fails to break the latest high here price just might drop into 1.514. Same price action as yesterday's drop to 1.5179/69, though much more balanced between bulls and bears
  • #415,995
  • Jun 2, 2015 4:43am Jun 2, 2015 4:43am
Quoting alexpi
{quote} Rumour is that FOMC has no choice but to raise rates, otherwise US economy will overheat. I'm skeptical of that line of thought, but you never know...
  • #415,996
  • Edited 5:15am Jun 2, 2015 5:00am | Edited 5:15am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 235 KB


maybe, wave 4 and 5 = 1.61 fib
  • #415,997
  • Jun 2, 2015 5:12am Jun 2, 2015 5:12am
Quoting Dano12
{image}
My view is a little bit different.
Don't you think that the "C" wave is done and now we start long???

It's just my point of view...
  • #415,998
  • Jun 2, 2015 5:24am Jun 2, 2015 5:24am
Even if the GBPUSD broke above its descending trend-line, the pair is less likely to break 1.5300 and could again re-test sub-1.5200 region.
Attached Image (click to enlarge)
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  • #415,999
  • Jun 2, 2015 5:32am Jun 2, 2015 5:32am
Quoting Fx_Anil
Even if the GBPUSD broke above its descending trend-line, the pair is less likely to break 1.5300 and could again re-test sub-1.5200 region. {image}
possible might hold there fail then 5175 5135 5080
  • #416,000
  • Jun 2, 2015 6:07am Jun 2, 2015 6:07am
Quoting SuperMario21
{quote} My view is a little bit different. Don't you think that the "C" wave is done and now we start long??? It's just my point of view...
We have elongated C or waves 3
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