Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#420,921
Oct 27, 2015 5:20am Oct 27, 2015 5:20am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

Quoting NMZee

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{quote} so what do you see for cable now..??

Ignored

it may go up to 1.5345 before going down because now it is a triangle pattern. if the USD news is negative which I doubt " I mean it will be positive", then GBP is heading to 1.5285-80 zone. now brokers try to hunt stops because traders to be careful now on since we have 4 red candles on D1 TF. so a big green candle at least as correction is expected. we may see today's candle red, very possible. however, tomorrow IMHO is going to be green.

#420,922
Oct 27, 2015 5:35am Oct 27, 2015 5:35am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

This is what I see... orange zone is my last sell target 'TP'...

Attached Image (click to enlarge)

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#420,923
Oct 27, 2015 5:38am Oct 27, 2015 5:38am

NMZee
| Joined Sep 2014 | Status: Trader | 1,138 Posts

Quoting FxMegaCB

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This is what I see... orange zone is my sell target... {image}

Ignored

Yea, the data was not good so lets see how many pips this will play for, you see the area under the orange can all be a potential sell target till 5190 or something.

#420,924
Oct 27, 2015 6:18am Oct 27, 2015 6:18am

NMZee
| Joined Sep 2014 | Status: Trader | 1,138 Posts

Quoting NMZee

Disliked

{quote} Yea, the data was not good so lets see how many pips this will play for, you see the area under the orange can all be a potential sell target till 5190 or something.

Ignored

What a dilemma, to close or to hold, to be or not to be.......

#420,925
Oct 27, 2015 6:39am Oct 27, 2015 6:39am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

Quoting NMZee

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{quote} What a dilemma, to close or to hold, to be or not to be.......

Ignored

I said it earlier, it is heading to test yesterday's low. and if broke it, then it is going to 1.5285-80

#420,926
Oct 27, 2015 6:49am Oct 27, 2015 6:49am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

just be careful of the coming news for USD. it is expected to be negative so the GBP will fly up if USD data is negative...

P.S: the price is setting at level @ 1.5313 which is almost the direction change of going up or down

#420,927
Oct 27, 2015 6:51am Oct 27, 2015 6:51am

edyraper
Joined Dec 2014 | Status: Klugscheißer | 8,318 Posts

Quoting edyraper

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{quote} pendings starting from 5295

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about to close lowest short .

Quoting edyraper

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first pending buy 1.5288 .

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waiting for getting in first pending buy .

#420,928
Oct 27, 2015 6:58am Oct 27, 2015 6:58am

kk300
Joined Jan 2015 | Status: Trader | 1,293 Posts

going down??

#420,929
Oct 27, 2015 7:02am Oct 27, 2015 7:02am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

Quoting kk300

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going down??

Ignored

IF it has to do down, then it will go up to 1.5332 IMHO... it may not though
And IF it didn't go back, then we are in a short term down, could be few hours only... never know!

#420,930
Oct 27, 2015 7:11am Oct 27, 2015 7:11am

bsc
| Joined May 2015 | Status: Follow Fear | 151 Posts

Data confirms the trend!Which is good. Let it go. And don't be greedy

#420,931
Oct 27, 2015 7:12am Oct 27, 2015 7:12am

kk300
Joined Jan 2015 | Status: Trader | 1,293 Posts

50+ pips cashed...

#420,932
Oct 27, 2015 7:17am Oct 27, 2015 7:17am

FxMegaCB
| Joined May 2009 | Status: hunting pips | 165 Posts

ok, sounds like they know it has to come down this low. look like only is going to give a bullet-power to all currencies since 95% chance rate will be the same. interest rate rise has been delayed to December as experts concluded.

#420,933
Oct 27, 2015 7:19am Oct 27, 2015 7:19am