Gap filled!!!market never leaves the gap unfilled!!!
Cable Update (GBPUSD)
- #426,062
- Mar 11, 2016 8:05am Mar 11, 2016 8:05am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
Gap filled!!!market never leaves the gap unfilled!!!
- #426,064
- Mar 11, 2016 8:48am Mar 11, 2016 8:48am
- Joined Sep 2008 | Status: Trader | 2,383 Posts
{quote} and you called the support right yesterday ..
- #426,065
- Mar 11, 2016 9:02am Mar 11, 2016 9:02am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Probably worth trying to hold:
Gone to a better place
- #426,066
- Mar 11, 2016 9:16am Mar 11, 2016 9:16am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
144 300 is a great number to sell 
- #426,067
- Mar 11, 2016 6:10pm Mar 11, 2016 6:10pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #426,069
- Edited Mar 12, 2016 12:35am Mar 11, 2016 11:06pm | Edited Mar 12, 2016 12:35am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
Nice pullbacks in this uptrend tho, market movement was sharp enough to give profit both ways. 1.44 was really easy to spot.. now it's a breakout above or back to downtrend (long term) .. so play smart. I would fade a rally or wait a really good dip to buy.. no entry at these levels
- #426,070
- Mar 12, 2016 2:02am Mar 12, 2016 2:02am
- | Additional Username | Joined Dec 2015 | 3,529 Posts
- #426,072
- Mar 12, 2016 10:25am Mar 12, 2016 10:25am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
similar to EU last few days/weeks.. larger picture? potential scenario
As you can see the Cyan coloured scenario actually got lower than the pattern I was after...
the Cyan colour 1 is what I would have expected, however this could now be replaced by the Red number 2 IF 1 is breached, and then a potential move up to Red 3 and furthermore Cyan 2... all the brexit news could make this happen faster or just completely disregard the whole thing. Or I could just be reading it wrong (highest possibility)
As you can see the Cyan coloured scenario actually got lower than the pattern I was after...
the Cyan colour 1 is what I would have expected, however this could now be replaced by the Red number 2 IF 1 is breached, and then a potential move up to Red 3 and furthermore Cyan 2... all the brexit news could make this happen faster or just completely disregard the whole thing. Or I could just be reading it wrong (highest possibility)
- #426,074
- Mar 12, 2016 1:14pm Mar 12, 2016 1:14pm
- Joined May 2011 | Status: Get to the Chopper | 17,905 Posts
Come with me if you want to live....
- #426,075
- Edited 4:51am Mar 13, 2016 4:34am | Edited 4:51am
Heres my analysis for what it's worth and how I plan to trade from tonight/Monday! I'll put a disclaimer here that I am a beginner and I take no responsibility for anyone following my analysis . Also, I have not taken any economic news into account in my analysis, so this could obviously change things.
From the Daily chart we can see that the 50ma is providing some resistance and we have hit the Fib level @ 14381. There is also resistance at the 14400 level and we are at the top of the trend line. that seems like a lot of resistance to me!
Looking at the 1h chart, we can see the same, but I think I'd like the price to go back towards the 14400 level before putting short on this pair. My target would be the 13700 level and of course Ill be scalping along the way
. If the pair goes through the 14400 level, I'll be looking to short at the 14470 area
So what do you guys think? I'm I talking out of my arse or does this analysis make sense?
Cheers!
. Also, I have not taken any economic news into account in my analysis, so this could obviously change things.From the Daily chart we can see that the 50ma is providing some resistance and we have hit the Fib level @ 14381. There is also resistance at the 14400 level and we are at the top of the trend line. that seems like a lot of resistance to me!
Looking at the 1h chart, we can see the same, but I think I'd like the price to go back towards the 14400 level before putting short on this pair. My target would be the 13700 level and of course Ill be scalping along the way
. If the pair goes through the 14400 level, I'll be looking to short at the 14470 area So what do you guys think? I'm I talking out of my arse or does this analysis make sense?
Cheers!
- #426,076
- Mar 13, 2016 5:51am Mar 13, 2016 5:51am
- Joined Apr 2011 | Status: Trader | 2,421 Posts
Heres my analysis for what it's worth and how I plan to trade from tonight/Monday! I'll put a disclaimer here that I am a beginner and I take no responsibility for anyone following my analysis
If there were to be a bias i would say south and then North on Wednesday - just feeling 145 is on the cards.
- #426,079
- Mar 13, 2016 9:40am Mar 13, 2016 9:40am
{quote} Closed on 50 pips from the high of 144 300 - surprise move but nice finish to the week on ..
what's shocking is that was a whopping 3 lots trade.
- #426,080
- Mar 13, 2016 10:27am Mar 13, 2016 10:27am
- Joined Sep 2007 | Status: Trader | 6,871 Posts
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