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Cable Update (GBPUSD)

  • #428,241
  • Apr 13, 2016 10:59pm Apr 13, 2016 10:59pm
GU continues to break down

EG lift off stage 2 on its' way
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Click to Enlarge Name: GBPUSDH41.png Size: 34 KB
Click to Enlarge Name: EURGBPMonthly.png Size: 35 KB
Click to Enlarge Name: EURGBPWeekly.png Size: 28 KB
Click to Enlarge Name: EURGBPH1.png Size: 27 KB
Come with me if you want to live....
  • #428,242
  • Apr 13, 2016 11:14pm Apr 13, 2016 11:14pm
if you got balls of steel then try 4140 to 4200 I'd rather sell into rallies.
  • #428,243
  • Apr 13, 2016 11:25pm Apr 13, 2016 11:25pm
pretty high degree of confidence that that's what we are going to get on GU H4.

hit 3940-60 region and then reverse and take on at least 4220 +

PS: updated and revised. Once we hit 3940-60 area GU will reverse and turn bullish I have a final upside target @ 4480. chart was updated.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #428,244
  • Apr 13, 2016 11:26pm Apr 13, 2016 11:26pm
i am a buyer here with a target of around 1.435 and 1.445. i think gu has a small downside space, 1.405 in particular. eventually it may rise towards 1.5.
  • #428,245
  • Apr 13, 2016 11:27pm Apr 13, 2016 11:27pm
Quoting iran_trader
sell gbpusd... next target for gbp 1.415000000000......
target toched.....70pip+
joine me mql5.........
  • #428,246
  • Apr 13, 2016 11:36pm Apr 13, 2016 11:36pm
Quoting mehedi529
i am a buyer here with a target of around 1.435 and 1.445. i think gu has a small downside space, 1.405 in particular. eventually it may rise towards 1.5.
be careful here, yes we can get a push higher but this would be a weak rally and would be sold, GU is structurally weak now and will hit 3960. We won't hit 4500, forget about this, highest we can do is 4460-80.

Please see a symmetrical triangle setup on daily GBP USD.
  • #428,247
  • Apr 13, 2016 11:37pm Apr 13, 2016 11:37pm
daily gbp usd symmetrical triangle. we are not going to get 4500.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #428,248
  • Apr 13, 2016 11:37pm Apr 13, 2016 11:37pm
I hope we see a 40pip retracement in the next 4H
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #428,249
  • Apr 13, 2016 11:41pm Apr 13, 2016 11:41pm
Quoting asgcorp
daily gbp usd symmetrical triangle. we are not going to get 4500. {image}
Hahaha... I like it.
You have the same triangle as mine on daily chart
Bottom line of the triangle is 1.4050 right?
Don't trust me. I'm still newbie
  • #428,250
  • Apr 13, 2016 11:43pm Apr 13, 2016 11:43pm
Quoting Soros
I hope we see a 40pip retracement in the next 4H
yeah some pullback would be nice, not interested in taking up a position in the middle of the move, it's either we get a pullback and I short sell the weak rally or I stay flat until the next swing point. if we can test 4200 it's great point to enter short.
  • #428,251
  • Apr 13, 2016 11:47pm Apr 13, 2016 11:47pm
look I like this triangle a lot, but we can't ignore both TL1 and TL2 since both are valid. If you project similar trendlines but sloping upwards, that's what you will get on daily. I'd say potential triangle expansion is still valid. If this is proved valid by a re-test of 3960 then we will get a re-test of 4480 next.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #428,252
  • Apr 13, 2016 11:57pm Apr 13, 2016 11:57pm
Quoting asgcorp
look I like this triangle a lot, but we can't ignore both TL1 and TL2 since both are valid. If you project similar trendlines but sloping upwards, that's what you will get on daily. I'd say potential triangle expansion is still valid. If this is proved valid by a re-test of 3960 then we will get a re-test of 4480 next. {image}
keep in mind the position of your setup to the trend. it is on the very lower end of the trend. so, it is logical to think of the pa to break upside, which will in turn break the triangle on the upper side to create an H&S to reach to 1.5 area. it is a probability in the long term which i am considering. i am also considering price reversal sign on the monthly pa.
  • #428,253
  • Apr 13, 2016 11:58pm Apr 13, 2016 11:58pm
buying EU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 32 KB
Click to Enlarge Name: EURUSDWeekly1.png Size: 32 KB
Come with me if you want to live....
  • #428,254
  • Apr 14, 2016 12:03am Apr 14, 2016 12:03am
EG a buy on the retest, 4hr close above 7970 would help confirm return to the upswing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 30 KB
Click to Enlarge Name: EURGBPH4.png Size: 23 KB
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  • #428,255
  • Apr 14, 2016 12:05am Apr 14, 2016 12:05am
Hello everyone! We are close to the important support that has been tested 2 times already.. Anybody is going to trade there?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 32 KB
  • #428,256
  • Apr 14, 2016 12:09am Apr 14, 2016 12:09am
got out of EU as fast as I got in.

Maybe a fake out but not going to hold to find out.

Need to pinch myself every time I stray from trading only GU
Come with me if you want to live....
  • #428,257
  • Apr 14, 2016 12:09am Apr 14, 2016 12:09am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 168 KB
  • #428,258
  • Apr 14, 2016 12:16am Apr 14, 2016 12:16am
if not already in, 4150 on the retest I think would be a great sell
Come with me if you want to live....
  • #428,259
  • Apr 14, 2016 12:18am Apr 14, 2016 12:18am
dollar hit decent support area, so can't recommend EU longs (!) atm.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
  • #428,260
  • Apr 14, 2016 12:25am Apr 14, 2016 12:25am
GBP typical PA ahead of BOE rate decision, though can't really see anything changing materially, so this will be another sell the rumour buy the fact event, I guess.
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