Waiting for PA around the 1.3118 area for a long,bounced nicely of the 50% daily fib, short term resistance around 1.3165.
Good luck !
Fxchap.
Good luck !
Fxchap.
Attached Image (click to enlarge)
Cable Update (GBPUSD)
That triple bottom at 3060 area on the 4 Hour chart could be an ominous sign for anyone holding shorts....trade what you see and not bias..Also price now above the 20 and 50 EMAs on 4 hour chart... {image}
little bit of sense, little bit of luck
Ktr Return This Month:
na
- #438,423
- Aug 31, 2016 4:25am Aug 31, 2016 4:25am
{quote} It could spike to 1.36 if Traders get the idea the US Fed has been lying all year and won't raise rates, otherwise if UK economy picks up then maybe next year but if UK economy goes down then like you said 5 years or longer. But GBP always has a way of surprising even the most seasoned of Traders....
Striving for consistency
- #438,424
- Aug 31, 2016 4:28am Aug 31, 2016 4:28am
- Joined Jan 2010 | Status: The Voodoo Boodoo Club | 42,050 Posts
That triple bottom at 3060 area on the 4 Hour chart could be an ominous sign for anyone holding shorts....trade what you see and not bias..
lol, got to run cheers all.
- #438,426
- Aug 31, 2016 4:31am Aug 31, 2016 4:31am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Its past your bedtime HalBot... you been on the fourxxxx again and been dreaming
Don't Leave Money on the Table
- #438,427
- Aug 31, 2016 4:31am Aug 31, 2016 4:31am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} Holding out for a big bounce to 1.33
Don't Leave Money on the Table
- #438,428
- Aug 31, 2016 4:33am Aug 31, 2016 4:33am
- Joined Jan 2016 | Status: Trader | 5,200 Posts
{quote} NFP coming up, will break afterwards, if jobs report comes positive chances of FED rate hike will maximize so investors may show more interest in USD buying and GBP will break downside or viceversa
Don't Leave Money on the Table
{quote} You mean ADR employment change out in 40 minutes which can be viewed as a precursor to NFP....
, but we may not see much of action on this and have to wait till friday
little bit of sense, little bit of luck
Ktr Return This Month:
na
- #438,430
- Aug 31, 2016 4:38am Aug 31, 2016 4:38am
- Joined Jan 2011 | Status: Trader | 1,560 Posts
I still need a trading break soon!!! "Loose some to win more" --Baher A.
- #438,434
- Aug 31, 2016 4:55am Aug 31, 2016 4:55am
{quote} ...I'm hoping so, too.... I think it depends on the nfp-us-data
should go down more
- http://www.forexfactory.com/showthre...52#post9111652 email me : pipspro88@gmail
{quote} should go down more
{quote} should go down more
maybe for today you' re right...
