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Cable Update (GBPUSD)

  • #429,021
  • Apr 20, 2016 8:15am Apr 20, 2016 8:15am
Quoting Ill-b-back
{quote} Now watch it drop
Hmmm... cmiiw... if close under 1.4370 then maybe bearish
Don't trust me. I'm still newbie
  • #429,022
  • Apr 20, 2016 8:20am Apr 20, 2016 8:20am
Expecting a move down.
  • #429,023
  • Apr 20, 2016 9:55am Apr 20, 2016 9:55am
i think this trade is risky, what do you say guys

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Quoting PatienceFx
i think this trade is risky, what do you say guys {image} {image}
and i do think 4480 is a very bad target for this move

Quoting PatienceFx
i think this trade is risky, what do you say guys {image} {image} {quote} and i do think 4480 is a very bad target for this move
simple logic , if it is not interested below , it has more interest above
  • #429,024
  • Apr 20, 2016 10:08am Apr 20, 2016 10:08am
​It can go up to 1.44500
Just 20 pips a day to riches
  • #429,025
  • Apr 20, 2016 10:12am Apr 20, 2016 10:12am
yippeeeeeeeee i got 1 vote

no actually 4415 is the key here ; an h1 break and close above is critical for any move to 4480
  • #429,026
  • Apr 20, 2016 10:14am Apr 20, 2016 10:14am
I don't think this move will be much more above 1.44. .DXY it's strong.
  • #429,027
  • Apr 20, 2016 10:15am Apr 20, 2016 10:15am
Gbp has started flirting Round Number 1.4400
It is preparing to go up.
  • #429,028
  • Apr 20, 2016 10:18am Apr 20, 2016 10:18am
Quoting Motiv8
I don't think this move will be much more above 1.44. .DXY it's strong.
agree

http://i.imgur.com/5qXVnst.png
  • #429,029
  • Apr 20, 2016 10:25am Apr 20, 2016 10:25am
It is playing in 35 Pips range with slowly moving up ??
  • #429,030
  • Apr 20, 2016 10:26am Apr 20, 2016 10:26am
going to close both longs at be on next swing up , i think i cannot handle 3 wicks on h4 chart
  • #429,031
  • Apr 20, 2016 10:26am Apr 20, 2016 10:26am
Quoting Ill-b-back
{quote} I don't understand why you draw your TL through the body of the candle I highlight in yellow instead of beneath the body {image}
I constantly mess up my lines when I adjust other things.
What's that smell? ---- I smell money!
  • #429,032
  • Apr 20, 2016 10:34am Apr 20, 2016 10:34am
i hate this on h4 , cable has just given up fighting 1.44

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  • #429,033
  • Apr 20, 2016 10:39am Apr 20, 2016 10:39am
Quoting Ill-b-back
{quote} I don't understand why you draw your TL through the body of the candle I highlight in yellow instead of beneath the body {image}

Btw candle with the thumb up has the lowest open

grtz
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What's that smell? ---- I smell money!
  • #429,034
  • Apr 20, 2016 10:49am Apr 20, 2016 10:49am
Bigger picture possible ending diagonal

Equal legs of the ABC correction would put it right on the outer trendline

Maybe yes maybe no...
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  • #429,035
  • Apr 20, 2016 11:30am Apr 20, 2016 11:30am
ok let me know name of candle end of day still 4.5 hours for me

Quoting dianajs
{quote} I am waiting to see whether the pair will break above the resistance at 1.4400, because if it does I think it will continue rising towards 1.4600 and it will be time for longs. As for the doji candlestick on the daily time frame - that candlestick hasn't closed yet. For all we know, it may not close as a doji. If it does like a doji and the pair doesn't break above 1.4400 it could start falling again, but it's too early to tell for now.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #429,036
  • Apr 20, 2016 1:17pm Apr 20, 2016 1:17pm
My 2 cents: perfect bearish harami pattern on the daily. Notice it bounced exactly at half back of yesterday's candle which was: 1.4344 - this tells me short term traders are in control.

However, it is holding relatively well in relation to euro. It is holding a lot better than I anticipated but still on the short side for now.
  • #429,037
  • Apr 20, 2016 1:18pm Apr 20, 2016 1:18pm
didn't take it, would like higher, but perfect for some...
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  • #429,038
  • Apr 20, 2016 2:49pm Apr 20, 2016 2:49pm
4hr conflict
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Come with me if you want to live....
  • #429,039
  • Apr 20, 2016 2:54pm Apr 20, 2016 2:54pm
Quoting attilafx
To bad I had to leave yesterday on my GU long trade. Pic one from yesterday, {image} GU today. {image}
Oh EURGBP went a leg lower. ohw well... Anyway, here the update on GBPUSD

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  • #429,040
  • Apr 20, 2016 2:56pm Apr 20, 2016 2:56pm
And the update on EURGBP.

Still giving headache. Target remains 0.8030 area

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