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Cable Update (GBPUSD)

  • #429,201
  • Apr 22, 2016 3:20am Apr 22, 2016 3:20am
Sweating now :-) stop at 1.43696.
Phenomenal Return This Year: na
  • #429,202
  • Apr 22, 2016 3:20am Apr 22, 2016 3:20am
I really don't get why Pound hasn't crashed to sub 1.42 yet. Why are there still buyers?
  • #429,203
  • Apr 22, 2016 3:26am Apr 22, 2016 3:26am
Quoting coldvinc
I really don't get why Pound hasn't crashed to sub 1.42 yet. Why are there still buyers?

Latest brexit polls put the No vote at 52% which boyed the pound last week, maybe that's still helping keep the price up?????
Don't Leave Money on the Table
  • #429,204
  • Apr 22, 2016 3:32am Apr 22, 2016 3:32am
Was tempted to add to my position on break of trendline. Resisted temptation.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-22_1830.png Size: 40 KB
Phenomenal Return This Year: na
  • #429,205
  • Edited 4:36am Apr 22, 2016 4:18am | Edited 4:36am
Quoting pet
{quote} so far, strength seems to be coming at 1.4347, I would consider that as an intent but will wait and watch for confirmation around 1.4358 for more reactions to ride along if aligned. The decline from yesterday's high of around 1.4418 stopped on its track at this 1.4347 level, a break above to 1.4378 now before reaching for 1.4358-1.4347 area may trigger longs to 1.4420. many pips to all. {image} {image}
nice and cheap entry 1.4355 for 1.4420 as TP1, sl now at 1.4352, will look add more if PA permits, but all my entries fromhere has to be very cheap and stop loss at minimal,. one more position just added at 1.4365, sl same as above, will see how this goes[/quote]

GBPUSD-

Price is currently around the 1.4347 level mentioned previously(see charts below, first posted a few days ago), my opinion is that this pair is still in buying mode, sellers have to show adequate intentions by breaking below the eclipse on chart which still hasn't happened yet, just now opened one buy at 1.4338, SL :1.4310, TP: 1.14409, TP2: 1.4439

My last two longs taken around the 1.4347 got close in profits at 1.4391.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4(2).png Size: 53 KB
Click to Enlarge Name: GBPUSDH4(1).png Size: 48 KB
  • #429,206
  • Apr 22, 2016 4:49am Apr 22, 2016 4:49am
Break of this triangle to the down side would make a good Sell in my humble opinion
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-22_1946.png Size: 59 KB
Phenomenal Return This Year: na
  • #429,207
  • Apr 22, 2016 5:17am Apr 22, 2016 5:17am
I've revised my count for this pair. I'm now expecting this triangle to break to the upside, Targeting 1.4380 to 1.44. I'm still viewing all the upside as retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-22_2014.png Size: 41 KB
Phenomenal Return This Year: na
  • #429,208
  • Apr 22, 2016 5:51am Apr 22, 2016 5:51am
Quoting PatienceFx
{quote} i am sitting on the fence till i find a sure direction https://www.youtube.com/watch?v=vUc8RM5_klI
Fiuhhh ... sideways again
Wait for next session
Don't trust me. I'm still newbie
  • #429,209
  • Apr 22, 2016 6:46am Apr 22, 2016 6:46am
​Short GBP/USD Target 1.4300
Just 20 pips a day to riches
  • #429,210
  • Apr 22, 2016 7:04am Apr 22, 2016 7:04am
Quoting pet
{quote} nice and cheap entry 1.4355 for 1.4420 as TP1, sl now at 1.4352, will look add more if PA permits, but all my entries fromhere has to be very cheap and stop loss at minimal,. one more position just added at 1.4365, sl same as above, will see how this goes
GBPUSD- Price is currently around the 1.4347 level mentioned previously(see charts below, first posted a few days ago), my opinion is that this pair is still in buying mode, sellers have to show adequate intentions by breaking below the eclipse on chart which still hasn't happened yet, just now opened one buy at 1.4338, SL :1.4310, TP: 1.14409, TP2: 1.4439 My last two longs taken around the 1.4347 got close in profits at 1.4391. {image} {image}[/quote]

anyone still bearish on this pair should be very cautious as fresh breath of bullish air keeps flowing in and big possibility to target 1.4547, 1.4871, 1.4930 and prob more, just a few confirmation needed to confirm this, first above 1.4465 will siubmit the motion of strength and display to the bears of the type artillery the bulls have taken to this fight, will update when it is confirmed imho


currently looking to start adding more longs with cheap entries as always
  • #429,211
  • Apr 22, 2016 7:12am Apr 22, 2016 7:12am
I'll be surprised if GU is less than bullish today. It seems it's retesting the pinbar (on daily and 4-hour charts); significantly formed in a daily S/R zone.

KP
Do your homework, follow the footprints of smart money
  • #429,212
  • Apr 22, 2016 7:14am Apr 22, 2016 7:14am
Quoting pet
{quote} GBPUSD- Price is currently around the 1.4347 level mentioned previously(see charts below, first posted a few days ago), my opinion is that this pair is still in buying mode, sellers have to show adequate intentions by breaking below the eclipse on chart which still hasn't happened yet, just now opened one buy at 1.4338, SL :1.4310, TP: 1.14409, TP2: 1.4439 My last two longs taken around the 1.4347 got close in profits at 1.4391. {image} {image}


anyone still bearish on this pair should be very cautious as fresh breath of bullish air keeps flowing in and big possibility to target 1.4547, 1.4871, 1.4930 and prob more, just a few confirmation needed to confirm this, first above 1.4465 will submit the motion of strength and will display to the Bears of the type artillery the bulls have taken to this fight, when the bear see the show of strength then an grasp of the situation at hand will allow relinquishing of short positions thereby making price soar higher until where the fresh bears and the bravest of Daddy Bears are waiting, will update when it is confirmed imho currently looking to start adding more longs with cheap entries as always
  • #429,213
  • Apr 22, 2016 7:23am Apr 22, 2016 7:23am
Quoting KeenPips
I'll be surprised if GU is less than bullish today. It seems it's retesting the pinbar (on daily and 4-hour charts); significantly formed in a daily S/R zone. KP
If you see Eurusd you will see the pin it's a trap normally. Now gbpusd it's at half and seeing audusd seem time to turn
Try don't lose pants never...
  • #429,214
  • Apr 22, 2016 7:26am Apr 22, 2016 7:26am
#GBPUSD Short pound @ 1.4400 / SL 1.4420 / C 1.4130
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4-22-16.png Size: 107 KB
"W. D. Gann said that time is the most important factor among all things."
  • #429,215
  • Apr 22, 2016 7:29am Apr 22, 2016 7:29am
Rejected again from 1.44
Now I'm going short @1.437 [email protected]
Don't trust me. I'm still newbie
  • #429,216
  • Apr 22, 2016 7:30am Apr 22, 2016 7:30am
Quoting niubee
Rejected again from 1.44 Now I'm going short @1.437 [email protected]

Goodluck!
  • #429,217
  • Apr 22, 2016 7:33am Apr 22, 2016 7:33am
I think not good time to short yet.. look at Eur/Gbp H4 chart... 0.7838 support has been broken. just need h4 candle finish in 30minute to confirm break
  • #429,218
  • Apr 22, 2016 7:34am Apr 22, 2016 7:34am
Quoting pressok
I think not good time to short yet.. look at Eur/Gbp H4 chart... 0.7838 support has been broken. just need h4 candle finish in 30minute to confirm break
  • #429,219
  • Apr 22, 2016 7:37am Apr 22, 2016 7:37am
Quoting pressok
I think not good time to short yet.. look at Eur/Gbp H4 chart... 0.7838 support has been broken. just need h4 candle finish in 30minute to confirm break
Who moves market is USD. And it's showing power in some crosses. And if EUR down, gbp will down too
Try don't lose pants never...
  • #429,220
  • Apr 22, 2016 7:39am Apr 22, 2016 7:39am
EU pinbar a rejection of the weekly pivot imho.

KP
Quoting braintheboss
{quote} If you see Eurusd you will see the pin it's a trap normally. Now gbpusd it's at half and seeing audusd seem time to turn
Do your homework, follow the footprints of smart money
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