Cable Update (GBPUSD)

you don't see the charts. daily broken at 5314 H4 broken at 5321 H1 Broken at 5345

trendline failure at 5500 make that poss..

support

i will exit once it reach 5250... even if i have to wait for a day...

http://www.forexfactory.com/showthre...52#post8559352

just one entry , I thought I could be able to buy cheaper ...
whatever closing long here @5310
moved first pending buy to 5219 .

No longer worth buying here

I closed a short position when it reached 1.5280. If it falls below that level I will sell again.

Good plan , i will do the same too, thanks and god luck.

it is a broker analysis, do you think forex broker is going to provide you correction analysis so you make money out of his wallet?? no way!
always remember this! Fx Brokers are your enemy, not the market...

mine is close to that @ 1.5240 which is suppose to hold whatsoever happen...

now I'm long and stop moved to BE. The worst case scenario GBP drop to hit 1.5240

A good chance it's dropping down under 1.5245 - where wave (iv) overlap (ii) - in forming ending diagonal (c).
Thus, setting up ........ soon, for a possible corrective rally (v) towards specific target of 0.6182 x i.

The pair confirmed a weak closing but it failed to confirm the break of the support of the inside day at 1,5295. The closing below the 200 days line is however supporting further possible weakness!!
The levels to follow in the coming hours. While above the 200 days line we favour a recover!!
The indicators of the daily chart are at the line for now but those of the s/t charts are instead negative suggesting further weakness. Fresh and now clear bullish divergences are supporting a negative tone supporting lower levels with a s/t target now at 1,5261!!
I still waiting for a decent rebound to sell, possibly close to the 200 hours line, now found at 1,5403!!

Hi guys, here is my view.

no comment more with cable

how about 5240 in next 1H candle...

its going up against all of you

I think it will retrace to 1.53 in next 1hr