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Cable Update (GBPUSD)

  • #438,961
  • Sep 4, 2016 11:48pm Sep 4, 2016 11:48pm
Quoting USDollar
#GBPUSD waiting on pound to tell me what it wants to do..... {image}
3325 hit.
  • #438,962
  • Sep 4, 2016 11:52pm Sep 4, 2016 11:52pm
here is my forecast.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 72 KB
  • #438,963
  • Sep 4, 2016 11:56pm Sep 4, 2016 11:56pm
Quoting pointlessfor
here is my forecast. {image}
i think down - http://www.forexfactory.com/showthre...20#post9119620
email me : pipspro88@gmail
  • #438,964
  • Sep 5, 2016 12:11am Sep 5, 2016 12:11am
Quoting zefx
{quote} i think down - http://www.forexfactory.com/showthre...20#post9119620
my forecast is good
  • #438,965
  • Sep 5, 2016 12:15am Sep 5, 2016 12:15am
I'm watching this area for signs of reversal
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Come with me if you want to live....
  • #438,966
  • Sep 5, 2016 1:22am Sep 5, 2016 1:22am
Hello everyone,
We are clearly in a monthly balance. About weekly we could say the same but there is a possibility to see a trend up if the last 2 periods will be confirmed with current week action. While current market is in a daily trend up (4 days in a row upwards ).
Having said that, in a top down approach, I would like to underline that this daily and maybe weekly move up is based upon an extremely weak structure, leaving behind incredible weak levels supported only by gaps.
We are inside a 51 daily bracket where the mid point (or half back if you like) is at 31637. The top of this major bracket is at 35826 while the bottom is at 27948.
So, today is US bank holiday and we may insist in this weak action, balance or eventually retrace some of it. But in any case,
in order to clarify the weakness of the structure below I'll write down some of the last major weak references left behind:

  1. current Tokyo poor low at 32928
  2. current Sydney PL at 32896
  3. Friday 09.02 Pit session cluster PL at the same Sydney bottom level (!!)
  4. Friday 09.02 GB poor low at 3252 tagging...
  5. ...Thursday 09.01 Pit low at 32505 (round number)
  6. Huge GB minus develpment from 32327 down to 31517 made the first day of this month (during a news!) leaving behind...
  7. GB PL at 31295
  8. Tokyo PL at 31275
  9. ....

Ubi maior minor cessat
  • #438,967
  • Sep 5, 2016 1:37am Sep 5, 2016 1:37am
Quoting Lock
Hello everyone, We are clearly in a monthly balance. About weekly we could say the same but there is a possibility to see a trend up if the last 2 periods will be confirmed with current week action. While current market is in a daily trend up (4 days in a row upwards ). Having said that, in a top down approach, I would like to underline that this daily and maybe weekly move up is based upon an extremely weak structure, leaving behind incredible weak levels supported only by gaps. We are inside a 51 daily bracket where the mid point (or half back...
Welcome back Lock
  • #438,968
  • Sep 5, 2016 1:42am Sep 5, 2016 1:42am
Quoting Fader123
{quote} Welcome back Lock
Hello Fader, have a good trading day!
Ubi maior minor cessat
  • #438,969
  • Sep 5, 2016 1:53am Sep 5, 2016 1:53am
Attached Image (click to enlarge)
Click to Enlarge Name: 05.09.jpg Size: 169 KB

Pound will do one more pulse to up and after that i'm waiting back bellow 1.3250
  • #438,970
  • Sep 5, 2016 1:59am Sep 5, 2016 1:59am
Quoting Aleksbuk
{image} Pound will do one more pulse to up and after that i'm waiting back bellow 1.3250
Looking forward to this.
  • #438,971
  • Sep 5, 2016 2:16am Sep 5, 2016 2:16am
The price is moving down gradually... I do not understand today's market.
  • #438,972
  • Sep 5, 2016 2:31am Sep 5, 2016 2:31am
Quoting actionmoney
The price is moving down gradually... I do not understand today's market.
look my forecast and u will understand everythink=g
  • #438,973
  • Sep 5, 2016 2:32am Sep 5, 2016 2:32am
Quoting pointlessfor
{quote} look my forecast and u will understand everythink=g
give me the link here. Thanks.
  • #438,974
  • Sep 5, 2016 2:33am Sep 5, 2016 2:33am
Quoting actionmoney
{quote} give me the link here. Thanks.
http://www.forexfactory.com/attachme...4&d=1473051142
  • #438,975
  • Sep 5, 2016 2:35am Sep 5, 2016 2:35am
Quoting pointlessfor
here is my forecast. {image}
Does this means: The price will first fall down and touch 1.3259 and then rise upward to 1.3385?
  • #438,976
  • Sep 5, 2016 2:36am Sep 5, 2016 2:36am
... I think the way is opened up to 1,34, and 1,36 in a few days...
  • #438,977
  • Sep 5, 2016 2:38am Sep 5, 2016 2:38am
Quoting actionmoney
{quote} Does this means: The price will first fall down and touch 1.3259 and then rise upward to 1.3385?
yes. 3600 on the cards
  • #438,978
  • Sep 5, 2016 2:42am Sep 5, 2016 2:42am
Quoting pointlessfor
{quote} yes. 3600 on the cards
Okay, looking forward to it.
  • #438,979
  • Sep 5, 2016 3:11am Sep 5, 2016 3:11am
Quoting pointlessfor
{quote} yes. 3600 on the cards
You seems to be correct but I'm still looking into the way this will go.
  • #438,980
  • Sep 5, 2016 3:16am Sep 5, 2016 3:16am
Looking at what has happened so far this morning
Market came off slightly- based on overnight reports
Now rallying in expectation of decent PMI Services
Would not be surprised if it disapoints
Certain indicators I have a very good chance of getting right- NFP, Retail Sales
But this....
Anyone have a clue?
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