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Cable Update (GBPUSD)

  • #422,701
  • Jan 28, 2016 5:08am Jan 28, 2016 5:08am
The fourth approach to resistance
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  • #422,702
  • Jan 28, 2016 5:21am Jan 28, 2016 5:21am
Quoting Dano12
The fourth approach to resistance {image}
It retraced, now shall we see whether a fifth will happen?

I will take a small long from 1.43, just to be aggressive
  • #422,703
  • Jan 28, 2016 5:24am Jan 28, 2016 5:24am
Quoting Darkforce
{quote} It retraced, now shall we see whether a fifth will happen? I will take a small long from 1.43, just to be aggressive
oil, as it will break the resistance of GBP should also knock out but even today macro data from the US
  • #422,704
  • Jan 28, 2016 5:32am Jan 28, 2016 5:32am
Quoting Dano12
{quote} oil, as it will break the resistance of GBP should also knock out but even today macro data from the US
I got a feeling the final break out will be coupled with a failed attempt to reach the bottom TL again, if this is the case my entry at 1.43 could be too optimistic. However seeing the chart the immediate area below 1.43 should provide some support, hope it is enough to bounce it back.
  • #422,705
  • Jan 28, 2016 5:35am Jan 28, 2016 5:35am
Quoting Darkforce
{quote} Currently watch this triangle breakout and will trade it. Looks like significant upside. {image}
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morning D you also had a good day yesterday well done and it looks like the same thing is taking place , but i am on the case tp and short on this tl break out . E
  • #422,706
  • Jan 28, 2016 5:38am Jan 28, 2016 5:38am
Quoting Darkforce
{quote} Currently watch this triangle breakout and will trade it. Looks like significant upside. {image}
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look left we might get swap trade on the 61% and support ,
  • #422,707
  • Jan 28, 2016 5:39am Jan 28, 2016 5:39am
Quoting elbert3
{quote} {image} look left we might get swap trade on the 61% and support ,
Yeah, agree, watching that level as well.
  • #422,708
  • Jan 28, 2016 5:41am Jan 28, 2016 5:41am
Quoting elbert3
{quote} {image} morning D you also had a good day yesterday well done and it looks like the same thing is taking place , but i am on the case tp and short on this tl break out . E
Start to think that I might be wrong, the 1Hr candle, if closed like this, will be too bearish. If it doesn't close above 1.43 then I'd probably stay aside and watch for another entry lower.
  • #422,709
  • Jan 28, 2016 5:41am Jan 28, 2016 5:41am
Quoting Darkforce
{quote} Yeah, agree, watching that level as well.
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update and lower fail tl with ext, look at my 30 min chart above too for the longer tl support,
  • #422,710
  • Jan 28, 2016 5:49am Jan 28, 2016 5:49am
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1 hour at this time not closing over that 4350 area
  • #422,711
  • Jan 28, 2016 5:52am Jan 28, 2016 5:52am
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last one ,you will be getting sick of them ..for me the next trade so now flipped long and need to get above that new tl, switch if necessary
  • #422,712
  • Jan 28, 2016 6:04am Jan 28, 2016 6:04am
Now major buyers below 1.43, M15 engulfing candle, let's if this bounce will go further to reach and break the top at 4358
Attached Image (click to enlarge)
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  • #422,713
  • Jan 28, 2016 6:12am Jan 28, 2016 6:12am
Quoting Darkforce
Now major buyers below 1.43, M15 engulfing candle, let's if this bounce will go further to reach and break the top at 4358 {image}
not sure 3114 showing Resistance back on low tl might break lower
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  • #422,714
  • Jan 28, 2016 6:15am Jan 28, 2016 6:15am
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5 min now
  • #422,715
  • Jan 28, 2016 6:16am Jan 28, 2016 6:16am
Selling pressure still there on Cable, it will probably take another H1 close above 1.43 to convince bear to give up.
  • #422,716
  • Jan 28, 2016 6:57am Jan 28, 2016 6:57am
GBPUSD

BULLISH BIAS (though with less odds;thanks to huge pounding of pound BUT anyway corrections are needed for trends to continue)
http://www.forexfactory.com/showthre...70#post8717270
100 Fold Challenge->Interested? ->https://www.forexfactory.com/thread/32152
  • #422,717
  • Jan 28, 2016 7:35am Jan 28, 2016 7:35am
As these two are worse than expected, can we expect GBP/USD to go bullish?
  • #422,718
  • Jan 28, 2016 8:10am Jan 28, 2016 8:10am
Buying @ 1.4187
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #422,719
  • Jan 28, 2016 9:34am Jan 28, 2016 9:34am
This is what they call an Extended Stop Hunt
... I'm not crazy, just Paranoid ...
  • #422,720
  • Jan 28, 2016 9:51am Jan 28, 2016 9:51am
just a bit more to my 161% please
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