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Cable Update (GBPUSD)

  • #427,621
  • Apr 7, 2016 11:02am Apr 7, 2016 11:02am
Quoting KeenPips
Which TF? {quote}
it's H4
  • #427,622
  • Apr 7, 2016 11:05am Apr 7, 2016 11:05am
uc is super bearish medium term

Quoting Hickson
{quote} Could be both ways depending on oil and FED ...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,623
  • Apr 7, 2016 11:05am Apr 7, 2016 11:05am
Also confirmed by the daily chart. Heading to a strong S/R zone though.

KP

Quoting asgcorp
{quote} it's H4
Do your homework, follow the footprints of smart money
  • #427,624
  • Apr 7, 2016 11:07am Apr 7, 2016 11:07am
cable is significant side since year start ,has that ugly gap ,no way we could say hammer yesterday ,like that
Attached Image (click to enlarge)
Click to Enlarge Name: gbp USD d1 (DFB).png Size: 40 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,625
  • Apr 7, 2016 11:08am Apr 7, 2016 11:08am
Quoting asgcorp
4060-4080 GU is not gonna give you a better entry now for a long to 4550
this is still active. If we do more downside below 4000 there is a void until 3750. atm don't see GU doing 3750 this month.

we range in 4060-4100 then break out above 4150 for 4300 and 4350
  • #427,626
  • Apr 7, 2016 11:13am Apr 7, 2016 11:13am
could be...anything is possible! Let's see. Ain't trading a hoot?
  • #427,627
  • Apr 7, 2016 11:25am Apr 7, 2016 11:25am
q is bearish in line with H&S ,it can only retrace imo

Quoting Hickson
{quote} Could be both ways depending on oil and FED ...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1 CAD q close (DFB).png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,628
  • Apr 7, 2016 11:25am Apr 7, 2016 11:25am
Only other reason i'm still bearish is because value areas are still forming lower, and there is still the main one lower and to the left...
Don't require market profile to see value areas.
Attached Image (click to enlarge)
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  • #427,629
  • Apr 7, 2016 12:04pm Apr 7, 2016 12:04pm
1
  • #427,630
  • Apr 7, 2016 12:15pm Apr 7, 2016 12:15pm
Quoting Bones
q is bearish in line with H&S ,it can only retrace imo {quote} {image} {image}
tony gbp/chf. any thoughts. I have got this 1.3362 as strong support on weekly. daily looks broken but H4 is showing signs of consolidation.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFmWeekly.png Size: 53 KB
  • #427,631
  • Apr 7, 2016 12:19pm Apr 7, 2016 12:19pm
Quoting Bones
q is bearish in line with H&S ,it can only retrace imo {quote} {image} {image}
yup, i think your right, i had a long from 1.2900 closed early probs wait for back into 1.29x before a long again though
  • #427,632
  • Edited 12:50pm Apr 7, 2016 12:30pm | Edited 12:50pm
id wait ,I prefer eur gbp ,its approaching major down tl ,we could draw lots conclusions
Quoting giveachance
{quote} tony gbp/chf. any thoughts. I have got this 1.3362 as strong support on weekly. daily looks broken but H4 is showing signs of consolidation. {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CHF (DFB).png Size: 26 KB
Click to Enlarge Name: 1eur GBP monthly (DFB).png Size: 28 KB
Click to Enlarge Name: 1 w1 eur GBP (DFB).png Size: 29 KB
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #427,633
  • Apr 7, 2016 12:34pm Apr 7, 2016 12:34pm
Quoting Bones
id wait ,I prefer eur gbp ,its approaching major down tl ,we could draw lots conclusions {quote} {image} {image}
I am watching gbp/aud and it has 9 consecutive green candles in past 12 hrs. haven't seen that we for a while. it looks like major bottom formation. all this is in the wake of gbp making new lows.
  • #427,634
  • Apr 7, 2016 12:36pm Apr 7, 2016 12:36pm
for the euro 1.1326 is major level. it breaks that we are heading 1.116x
  • #427,635
  • Apr 7, 2016 1:08pm Apr 7, 2016 1:08pm
Quoting Bones
uc is super bearish medium term {quote}
It seems to be cooked for now, that is obvious. But long term bullish trend is not totally ruled out ... sentiment heavily bearish though.
Fix up, trade sharp ...
  • #427,636
  • Apr 7, 2016 1:17pm Apr 7, 2016 1:17pm
Quoting giveachance
{quote} I am watching gbp/aud and it has 9 consecutive green candles in past 12 hrs. haven't seen that we for a while. it looks like major bottom formation. all this is in the wake of gbp making new lows.
GAU is going up cause AU is going down faster and GU is pretty much rangebound atm. AU much more weak than GU.
  • #427,637
  • Apr 7, 2016 3:09pm Apr 7, 2016 3:09pm
Quoting Don96
GU lower the better - smaller stops increase in probability, i will start adding at 1.4011... and further levels here... ill post the trades when i take them 1.38698 {image}
1.39512 biggest fib (weekly) retrace to add longs, ill add further down also, hopefully this can all be done before Brexit vote and get up some just so i am covered in case of anything spectacular
  • #427,638
  • Apr 7, 2016 3:30pm Apr 7, 2016 3:30pm
Just closed short before yellen, but 3960 looks like a target
I get the feeling there will be many shorter term trade opportunities to come with this range bound pair
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 37 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 32 KB
Come with me if you want to live....
  • #427,639
  • Apr 7, 2016 3:38pm Apr 7, 2016 3:38pm
poss UC support play, but that's a sharp monthly top
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 25 KB
Click to Enlarge Name: USDCADMonthly.png Size: 29 KB
Come with me if you want to live....
  • #427,640
  • Apr 7, 2016 3:51pm Apr 7, 2016 3:51pm
I'm waiting on a retracement to the longer MA/1.42500 area (depending on strength that it pushes through 1.41800 with) before assessing a short.

I'll be sitting on the sidelines until then.
Attached Image (click to enlarge)
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