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Cable Update (GBPUSD)

  • #432,781
  • Jun 19, 2016 9:49pm Jun 19, 2016 9:49pm
Quoting skyhok
Short against this 1.4601 top, SL at break of upper channel line, target 1.4210 area. {image}
2nd time lucky with recent GBPUSD. Long on the 5th leg v of Ending Diagonal
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 20Jun16.png Size: 32 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #432,782
  • Jun 19, 2016 9:58pm Jun 19, 2016 9:58pm
Quoting skyhok
{quote} 2nd time lucky with recent GBPUSD. Long on the 5th leg v of Ending Diagonal {image}
That's nice chart, but Skyhok is it possible if b of III was a diagonal ?
What was happened with GBP last weekend, guy?
no matter what right or wrong, but the way you handle it
  • #432,783
  • Jun 19, 2016 10:32pm Jun 19, 2016 10:32pm
Quoting goldenbird
{quote} That's nice chart, but Skyhok is it possible if b of III was a diagonal ? What was happened with GBP last weekend, guy?
A poll results to stay in EU.
I agree Spartanholds. The gap will be filled before 23rd maybe.
50% right - 50% wrong
  • #432,784
  • Jun 19, 2016 11:07pm Jun 19, 2016 11:07pm
Good rally on the GBPUSD, still has not touched the 1.4700 level, but the bullish momentum may continue. In case of a pullback, the 1.4500 may be its first support.
  • #432,785
  • Jun 19, 2016 11:10pm Jun 19, 2016 11:10pm
Quoting trademark
Good rally on the GBPUSD, still has not touched the 1.4700 level, but the bullish momentum may continue. In case of a pullback, the 1.4500 may be its first support.
If its going to UKin, it might just rally higher. Risky to sell untill 22nd.
50% right - 50% wrong
  • #432,786
  • Jun 19, 2016 11:50pm Jun 19, 2016 11:50pm
Quoting iqyu5an
4949-5038 at least 4783-4847 ?
adjusted to

5220-5420 at least 4926-5058
not euphoria follower
  • #432,787
  • Jun 19, 2016 11:59pm Jun 19, 2016 11:59pm
to me 4720-4730 is a possible target for the day
little bit of sense, little bit of luck
Ktr Return This Month: na
  • #432,788
  • Jun 20, 2016 12:23am Jun 20, 2016 12:23am
Quoting goldenbird
{quote} That's nice chart, but Skyhok is it possible if b of III was a diagonal ? What was happened with GBP last weekend, guy?
Many ways are possible, while it's more probable fitting into scheme of larger time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 20Jun16b.png Size: 47 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #432,789
  • Jun 20, 2016 12:26am Jun 20, 2016 12:26am
Lots of bullish calls here....so I guess I'll spoil the party. 1.4287 should be todays closing number.
I may not be right...BUT, I am never wrong
  • #432,790
  • Jun 20, 2016 12:29am Jun 20, 2016 12:29am
Quoting skyhok
{quote} Many ways are possible, while it's more probable fitting into scheme of larger time frame. {image}
The beauty of EWs is ...there is always an alternate count.
I may not be right...BUT, I am never wrong
  • #432,791
  • Jun 20, 2016 1:01am Jun 20, 2016 1:01am
Attached Image (click to enlarge)
Click to Enlarge Name: 20.06.jpg Size: 165 KB

Pound have a chance for rollback. Very big move we sow last few days. Before the referendum it's normal volatility! I'm wait the rollback to 1.43 today, and after it growing/ Target for this week is 1.47.
  • #432,792
  • Edited 2:14am Jun 20, 2016 1:52am | Edited 2:14am
Quoting Lock
{quote} ..... Last thing I can say today before to break is that if some exogenous huge event occurs we could spike up to 14492-14496 or we could retracedown to the terrible low at 4261 or to the bottom of overnight range or more.. I don't know if could helps, but this market could make crazy things and we shoud be aware at least of what kind of crazy things we are speaking about. Have a nice evening and trading!
Now it looks like this event occured. And we are currently above the multipass pit gap.
14492-14496 remains a place of big interest for the upcoming pit sessions. It should be solved before or after by a pit session.
But now also 14397-14446 becomes a double pass pit gap.
The GB GAP up is Huge and could be used as a space to fill during session. Structure below from Friday is ridicolously weak.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 128 KB


14600 is GB weak as a round number from 06/08
The zone 14655-14857 is virtually a fire cracker effect space.
Ubi maior minor cessat
  • #432,793
  • Jun 20, 2016 2:20am Jun 20, 2016 2:20am
Quoting Lock
{quote} Now it looks like this event occured. And we are currently above the multipass pit gap. 14492-14496 remains a place of big interest for the upcoming pit sessions. It should be solved before or after by a pit session. But now also 14397-14446 becomes a double pass pit gap. The GB GAP up is Huge and could be used as a space to fill during session. Structure below from Friday is ridicolously weak. {image} 14600 is GB weak as a round number from 06/08 The zone 14655-14857 is virtually a fire cracker effect space.

14600 taken out
Ubi maior minor cessat
  • #432,794
  • Jun 20, 2016 2:32am Jun 20, 2016 2:32am
14606 is now a poor high
Ubi maior minor cessat
  • #432,795
  • Jun 20, 2016 2:34am Jun 20, 2016 2:34am
taken out technically but now 146085 is weak because of the tagging of 06/07 GB high
Ubi maior minor cessat
  • #432,796
  • Jun 20, 2016 2:43am Jun 20, 2016 2:43am
Quoting Lock
14606 is now a poor high
So do you think GU will go down? Will there be a triple head?
  • #432,797
  • Jun 20, 2016 2:43am Jun 20, 2016 2:43am
14584 is GB hb, so it's weak.
Ubi maior minor cessat
  • #432,798
  • Jun 20, 2016 2:45am Jun 20, 2016 2:45am
Quoting Dgyg
{quote} So do you think GU will go down? Will there be a triple head?
The references market is currently using are all weaks. I mean they are used generally by weak hands. Currently I will not trust a move down nor a move up starting from these levels. But everything could occurs considering the great uncertainty and the huge volatility.
Ubi maior minor cessat
  • #432,799
  • Jun 20, 2016 2:49am Jun 20, 2016 2:49am
Quoting Lock
14584 is GB hb, so it's weak.
Technically taken out by 3 pips.
But now 14580 is the spike base of 06/08 so is still a weak ref.

But consider that, by now, the huge GB gap up is still substantially intact.
Ubi maior minor cessat
  • #432,800
  • Jun 20, 2016 2:50am Jun 20, 2016 2:50am
Quoting Lock
{quote} The references market is currently using are all weaks. I mean they are used generally by weak hands. Currently I will not trust a move down nor a move up starting from these levels. But everything could occurs considering the great uncertainty and the huge volatility.
finally sth a mere mortal like me can understand!!!! thanks...
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