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Cable Update (GBPUSD)

  • #416,641
  • Jun 22, 2015 6:29am Jun 22, 2015 6:29am
Needs to break and close below 1.568 today or tomorrow, at the latest, for shorts to be valid at 1.582 and 1.586/7

There will be a final long chance if it breaks 1.568. Entry will depend on 15M signals, don't know if/where it will happen but target will be 1.579/1.58.

One more scenario is 1.573/4 long supported by a 30M short trendline break.

Edit: Everything else just offers horrible RR ratio and is untradable for me.
  • #416,642
  • Jun 22, 2015 6:32am Jun 22, 2015 6:32am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 161 KB
  • #416,643
  • Jun 22, 2015 7:14am Jun 22, 2015 7:14am
close my gbp short.. =)
  • #416,644
  • Jun 22, 2015 7:16am Jun 22, 2015 7:16am
Quoting Ksth
close my gbp short.. =)
Curious, what is your reasoning for that ?
  • #416,645
  • Jun 22, 2015 7:28am Jun 22, 2015 7:28am
Quoting alexpi
{quote} Curious, what is your reasoning for that ?
buy low sell high =)
already break my lowest line. Buy now..good luck
  • #416,646
  • Jun 22, 2015 7:36am Jun 22, 2015 7:36am
Quoting Ksth
{quote} buy low sell high =) already break my lowest line. Buy now..good luck
You're buying really high though... well, good luck to you too
  • #416,647
  • Jun 22, 2015 7:38am Jun 22, 2015 7:38am
my own analysis . =)
Attached Image (click to enlarge)
Click to Enlarge Name: 22jun15.png Size: 74 KB
  • #416,648
  • Jun 22, 2015 7:44am Jun 22, 2015 7:44am
so 100 % now to look 1,61 fib
  • #416,649
  • Jun 22, 2015 8:00am Jun 22, 2015 8:00am
Closing-in on a near perfect impulse wave (c) towards target zone for reversal.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 22Jun15.png Size: 55 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #416,650
  • Jun 22, 2015 8:30am Jun 22, 2015 8:30am
Quoting skyhok
Closing-in on a near perfect impulse wave (c) towards target zone for reversal. {image}
ya hopefully gbp can reach 1.6 that is a good area to short.
  • #416,651
  • Jun 22, 2015 8:44am Jun 22, 2015 8:44am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 194 KB
  • #416,652
  • Jun 22, 2015 9:59am Jun 22, 2015 9:59am
looks like gbp gonna flow back to eur now, grexit deal ends in the corner
  • #416,653
  • Jun 22, 2015 10:10am Jun 22, 2015 10:10am
Quoting Dano12
so 100 % now to look 1,61 fib
:nerd:
  • #416,654
  • Jun 22, 2015 10:29am Jun 22, 2015 10:29am
The tp for my shorts is 1.5480 but I might close them at 1.56
  • #416,655
  • Jun 22, 2015 10:37am Jun 22, 2015 10:37am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.gif Size: 190 KB
  • #416,656
  • Jun 22, 2015 10:41am Jun 22, 2015 10:41am
Quoting pipsdotpk
The tp for my shorts is 1.5480 but I might close them at 1.56
Im in a similar frame of mind and position. Just waiting for it to bust through 1.58 though its been taking its time. Still some GU bulls in there even though no data on stream for GBP of any note this week. I can cover 1.6 but but prob no higher (personal bias). UK economy is ticking along better than our EU cousins, but is the recovery economically stronger than our US brothers?
  • #416,657
  • Jun 22, 2015 10:45am Jun 22, 2015 10:45am
Quoting Dano12
{image}
Dano and lately your charts have been nothing less than a breeze of fresh air to me
  • #416,658
  • Jun 22, 2015 10:48am Jun 22, 2015 10:48am
Quoting Afterburner
{quote} Im in a similar frame of mind and position. Just waiting for it to bust through 1.58 though its been taking its time. Still some GU bulls in there even though no data on stream for GBP of any note this week. I can cover 1.6 but but prob no higher (personal bias). UK economy is ticking along better than our EU cousins, but is the recovery economically stronger than our US brothers?
Afterburner, data only matters when your considering long term positions, and I agree with your top limit for GBP. Even though the british economy is going smoothly still its shrinking in size due to tight budget and more cuts, P.S not to forget on the long run there are factors like BREEXIT that limitize its upwards movement. But thats just how I see things.
  • #416,659
  • Jun 22, 2015 10:51am Jun 22, 2015 10:51am
Quoting pipsdotpk
{quote} Dano and lately your charts have been nothing less than a breeze of fresh air to me
They need to break 1.5800 if look on 1,61
  • #416,660
  • Edited 12:32pm Jun 22, 2015 12:21pm | Edited 12:32pm
Quoting fontu
5950 & 5808 become the initial determinant for the probable next play at this top, breaks up & hold can be 62++ play & down 5440 to 5300. anyway after it got life pressure up remain intact & strong & so test up again & again before any failure temporary or permanent !Month ending/close will look for either 5600 or 6070 around . take care . fontu {image}
so broken down limit 5805 but still on support 5800, 5780\5742 for play top again & again before more correction down continue or not . just primary signal here for correction with next signal at 5770 breaks for 5653\5553\5440 all limits down for bull continue if. that is bull set up to fail or good crush need for all this down while momentum still strong UP.
take care ,
fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 50 KB
Click to Enlarge Name: GBPUSDH1.png Size: 57 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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