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Cable Update (GBPUSD)

  • #421,561
  • Nov 27, 2015 5:08am Nov 27, 2015 5:08am
Quoting Jonstaples
My Daily view: GBP/USD is making a potential falling triangle but until it breaks the daily support is only a "potential". More rencently the pair is creating a double bottom and athe secound bottom with high market compression (two inside days in a row). I'm looking to ge long @ 1.5130 with a stop @ 1.5050 and a target @ 1.5335. {image}
was my buying price as well. but I was wrong that 5070 would hold and got busted.
  • #421,562
  • Nov 27, 2015 5:46am Nov 27, 2015 5:46am
Let 's see if support will hold and bring us a small retrace
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persistence and determination alone are omnipotent
  • #421,563
  • Nov 27, 2015 6:09am Nov 27, 2015 6:09am
Short term, I think a re-trace to a maximum of 1.50550 and then see the downtrend resuming with a target of 1.50100.
  • #421,564
  • Nov 27, 2015 6:38am Nov 27, 2015 6:38am
double button GBP USD m5 up
  • #421,565
  • Nov 27, 2015 6:45am Nov 27, 2015 6:45am
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  • #421,566
  • Nov 27, 2015 7:08am Nov 27, 2015 7:08am
It's really having a wrestle with 1.50550!
  • #421,567
  • Nov 27, 2015 7:24am Nov 27, 2015 7:24am
retest 1 h
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  • #421,568
  • Nov 27, 2015 7:25am Nov 27, 2015 7:25am
pretty good time for scalping - range 5030 to 5065 -- SL should be at 5027 and 5071
  • #421,569
  • Nov 27, 2015 7:27am Nov 27, 2015 7:27am
Nice clean charts!

RSI is showing a bullish divergence, but I have been bitten by false divergence signals before, so I'm not too keen on those - nevertheless, it's still showing.

It's had three nibbles at breaking the 50 SMA over the past couple of days, all of which have been rejected after hitting longer term trend lines.

It'll be interesting to see where this heads.

I'm currently short at 1.5056, with an optimistic TP of 1.50128.

EDIT -- also, the upcoming close of the H4 candle will be one to watch!
  • #421,570
  • Nov 27, 2015 7:39am Nov 27, 2015 7:39am
I won't open any new short positions before it breaks below 1.5028. It's very possible it will form a double bottom and move to the upside again.
  • #421,571
  • Nov 27, 2015 8:20am Nov 27, 2015 8:20am
euro wow
  • #421,572
  • Nov 27, 2015 8:27am Nov 27, 2015 8:27am
I have buy limit at 5028 and 50
If it hit 4980, I will rethink to sell
For short term, short at 5065 is quite interesting
  • #421,573
  • Nov 27, 2015 8:30am Nov 27, 2015 8:30am
Quoting Dano12
double button GBP USD m5 up
@ around 5030
  • #421,574
  • Edited Nov 28, 2015 1:48am Nov 27, 2015 9:51pm | Edited Nov 28, 2015 1:48am
GBP will going down next week
  • #421,575
  • Nov 28, 2015 4:01am Nov 28, 2015 4:01am
Hi,
When we will see gbpusd around 1.51 ?
  • #421,576
  • Nov 28, 2015 4:05am Nov 28, 2015 4:05am
The key level that all of my charts are showing at the moment is the level that broke right at the close, yesterday.

1.50315.

I haven't yet looked into where the price would go from there (on the basis that the overall trend continues down), but I wouldn't be surprised if it bounced around that level for a while before making its mind up.

From/to which candles are you guys drawing your next fibonacci retracement lines?
  • #421,577
  • Nov 28, 2015 7:27am Nov 28, 2015 7:27am
Support already broken . so cable go down till 1.4985 then bounce back & then it will reach 1.4825 , get ready for massive fall next week , no way it will bounce up before touching 1.4980
  • #421,578
  • Nov 29, 2015 6:14am Nov 29, 2015 6:14am
Heavily short GU, EU and GOLD


hold or fold?

Next week is tough

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  • #421,579
  • Nov 29, 2015 6:26am Nov 29, 2015 6:26am
Quoting love.l0ve
Heavily short GU, EU and GOLD hold or fold? Next week is tough {image} {image} {image}
this pair is neutral ATM while EUR/USD is beginning to trend up
  • #421,580
  • Nov 29, 2015 6:43am Nov 29, 2015 6:43am
Quoting PoundTrader
{quote}this pair is neutral ATM while EUR/USD is beginning to trend up

sensitive zone, be careful

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