Cable Update (GBPUSD) | Page 21646 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #432,901
  • Jun 21, 2016 1:29am Jun 21, 2016 1:29am
Current pre open GB recap update.

 

  1. 146955 yes pit unchanged (close)


Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 102 KB
Ubi maior minor cessat
  • #432,902
  • Jun 21, 2016 1:34am Jun 21, 2016 1:34am
GU Daily.

Interesting things to note:

  1. Yesterday closed above the 200-day SMA.
  2. There may be a "channel up" in play and given the print as it stands currently...
  3. The chart may be telling us on the day of the vote we will get a bounce down.
  4. But with price now above both the 50 and the 200 day SMA... the technical trend is now long or buy the dip.
  5. Note a series of new highs and new high lows... speaks to interim trend reversal.

This is one view, there are others....

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-06-21 at 8.26.48 AM.png Size: 53 KB
  • #432,903
  • Jun 21, 2016 1:47am Jun 21, 2016 1:47am
Quoting Lock
Current pre open GB recap update. 146955 yes pit unchanged (close) {image}

  1. bounced twice. Now weaker. But if GB gap higher, market might ignore below targets.
  2. inventory from overnight is 100% long when 10 min to gb open. A gap could force market to ignore that.

Ubi maior minor cessat
  • #432,904
  • Jun 21, 2016 1:59am Jun 21, 2016 1:59am
Quoting albchr
{quote} And yet another blast from the past! How ya been BB? {quote} Well we'll see. Either way it goes I have my plan. But I really think it's largely all to do about nothing. Of course, I'm no fundie guy. ...

hey
doing fine!!

n you?
90% of traders use TA, indicators and prediction
  • #432,905
  • Jun 21, 2016 2:02am Jun 21, 2016 2:02am
GB gap higher and immediately test overnight high. Now Gb high is weak as it tagged old 14739 gb high

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 55 KB
Ubi maior minor cessat
  • #432,906
  • Jun 21, 2016 2:04am Jun 21, 2016 2:04am
Quoting Lock
Tokyo high at 147265 is now just 1 pip above old tokyo high(2016.05.31) so it's weak
taken out
Ubi maior minor cessat
  • #432,907
  • Jun 21, 2016 2:07am Jun 21, 2016 2:07am
For a continuation inside the upper fire cracker effect we want to stay and confirm above overnight high 14726.
Ubi maior minor cessat
  • #432,908
  • Jun 21, 2016 2:09am Jun 21, 2016 2:09am
where are those guys who aimed for short to 1.38? Where you all hided?
  • #432,909
  • Jun 21, 2016 2:10am Jun 21, 2016 2:10am
Quoting Lock
... above rapid series of old pit & GB session highs 14718 pit/147285 pit/14739 gb/14741 pit/ 2 old pit minus development 14754-14783 / 14787-14796 far above old GB high 148415 (2015.12.30) back to back with old GB poor high 14844 (2015.12.31) old multi pass pit gap 148485-148535 (very interesting for pit sessions) {image}
all taken out

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 38 KB
Ubi maior minor cessat
  • #432,910
  • Jun 21, 2016 2:13am Jun 21, 2016 2:13am
Quoting KeenPips
{quote} Potentially difficult to go far northward. A retest of the immediate daily resistance zone which is confluent with a 4-h resistance zone may open the way for a northward move; otherwise a bearish move to fill the gap may be in the cards.
This pair is hard core but now these are the simplest and most logical charts I can think of.
looking for bearish signs off monthly resistance area and weekly/daily breakout line retests
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 24 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 22 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Come with me if you want to live....
  • #432,911
  • Jun 21, 2016 2:19am Jun 21, 2016 2:19am
Quoting Ill-b-back
{quote} This pair is hard core but now these are the simplest and most logical charts I can think of. looking for bearish signs off monthly resistance area and weekly/daily breakout line retests {image} {image} {image}
Good charts, about another 120 pips northwards before the next significant resistance on the weekly at 1.49'ish.
Do your homework, follow the footprints of smart money
  • #432,912
  • Jun 21, 2016 2:26am Jun 21, 2016 2:26am
please note: up and down overnight high 14726 multiple times. Great indecision. Gap higher still in place and untouched for now.
Ubi maior minor cessat
  • #432,913
  • Jun 21, 2016 2:35am Jun 21, 2016 2:35am
14707 gb open tagged. PL but for now supported by gap. Let's see. We are now inside overnight range after test above.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 37 KB
Ubi maior minor cessat
  • #432,914
  • Jun 21, 2016 2:47am Jun 21, 2016 2:47am
Is there a bearish divergence on RSI ( 1H and 4 H Chart)? I can clearly see that on my charts.
The difference between gambling and speculating is risk management
  • #432,915
  • Jun 21, 2016 2:56am Jun 21, 2016 2:56am
Quoting Megatanit
Is there a bearish divergence on RSI ( 1H and 4 H Chart)? I can clearly see that on my charts.
None on mine; check the HTFs' outlook (daily and weekly) in the current circumstance. Divergence on LTFs will not hold, at least not so soon. Trade safe.
Do your homework, follow the footprints of smart money
  • #432,916
  • Jun 21, 2016 3:00am Jun 21, 2016 3:00am
Quoting KeenPips
{quote} None on mine; check the HTFs' outlook (daily and weekly) in the current circumstance. Divergence on LTFs will not hold, at least not so soon. Trade safe.
The difference between gambling and speculating is risk management
  • #432,917
  • Jun 21, 2016 3:03am Jun 21, 2016 3:03am
Again above 14726 overnight high, coming from an inside M30 bar breakout and a PL supported by gap higher. And then back in again.
Ubi maior minor cessat
  • #432,918
  • Jun 21, 2016 3:22am Jun 21, 2016 3:22am
Quoting fxstaton
where are those guys who aimed for short to 1.38? Where you all hided?
Those guys were right to short the market price went to 1.40 and would have continued lower.

However the unfortunate news of the British MP killed caused a huge sentiment shift to the Remain campaign winning. At this point these short guys would have gone long.
  • #432,919
  • Jun 21, 2016 3:37am Jun 21, 2016 3:37am
Still up and down overnight high. And breakout up from M30 inside bar for now is not confirmed. GB poor low supported by gap higher.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
Ubi maior minor cessat
  • #432,920
  • Jun 21, 2016 3:49am Jun 21, 2016 3:49am
GU -> trending....
305 traders viewing now, 3 are registered:
TheOtherSide
,
CPUmice
,
saidi01