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Cable Update (GBPUSD)

  • #440,121
  • Sep 14, 2016 4:02am Sep 14, 2016 4:02am
Quoting HaLBot
{quote} This might explain why... http://news.forexlive.com/!/august-2...eport-20160914
Losing job looks 5k monthly and earring is decreasing, it should move price down fundamentally.
  • #440,122
  • Sep 14, 2016 4:02am Sep 14, 2016 4:02am
In terms of trend,here is my analysis

Scenario 1: Failure swing

Price failed to make a new high, broke its low (+trendline) and is now only looking to confirm that support as resistance for a sell around the dotted upper line. More sell to follow as lower dotted line is broken
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4failure.png Size: 50 KB
I'm high on trading, cant you tell?
  • #440,123
  • Sep 14, 2016 4:04am Sep 14, 2016 4:04am
alternative Scenario: Uptrend Continues

Uptrend still in action as previous swing low hasnt been breached. Buy on dips. Only sell below dotted line for a non-failure swing.

Personally, I'm going with scenario 1
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4scenario 2.png Size: 49 KB
I'm high on trading, cant you tell?
  • #440,124
  • Sep 14, 2016 4:05am Sep 14, 2016 4:05am
Quoting Sammih
In terms of trend,here is my analysis Failure swing Price failed to make a new high, broke its low (+trendline) and is now only looking to confirm that support as resistance for a sell around the dotted upper line. More sell to follow as lower dotted line is broken {image}
yes 3166 seems good now
  • #440,125
  • Sep 14, 2016 4:27am Sep 14, 2016 4:27am
It broke to 1.32 again , can we expect this to go up to 1.3250? Because one positive data and one negative data , not sure how this will react ?
  • #440,126
  • Sep 14, 2016 4:28am Sep 14, 2016 4:28am
3260 is achievable...
  • #440,127
  • Sep 14, 2016 4:31am Sep 14, 2016 4:31am
Quoting Sammih
alternative Scenario: Uptrend Continues Uptrend still in action as previous swing low hasnt been breached. Buy on dips. Only sell below dotted line for a non-failure swing. Personally, I'm going with scenario 1 {image}
swing up it is...
  • #440,128
  • Sep 14, 2016 4:31am Sep 14, 2016 4:31am
no you can't look with mag glass like that

Quoting Ashkbose
More people lost job and earning less than last month, don't know why long?!
Attached Image
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440,129
  • Sep 14, 2016 4:39am Sep 14, 2016 4:39am
Hello guys, I am bear on this pair.
I have resumed with pics that I think is easier and quicker to understand (I hope )

My analysis is simple, the volumes are decreasing so to move up it is quite difficult so maybe we will test 1.31 or even 1.29 (about this second I dunno "I hope").
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled 39.jpg Size: 460 KB
Click to Enlarge Name: Untitled 40.jpg Size: 290 KB
Click to Enlarge Name: Untitled 41.jpg Size: 374 KB
Click to Enlarge Name: Untitled 42.jpg Size: 457 KB
Click to Enlarge Name: Untitled 43.jpg Size: 471 KB
  • #440,130
  • Sep 14, 2016 4:44am Sep 14, 2016 4:44am
Quoting Devart
Hello guys, I am bear on this pair. I have resumed with pics that I think is easier and quicker to understand (I hope ) My analysis is simple, the volumes are decreasing so to move up it is quite difficult so maybe we will test 1.31 or even 1.29 (about this second I dunno "I hope"). {image} {image} {image} {image} {image}
'Hope' is now the new indicator!!!
  • #440,131
  • Sep 14, 2016 4:45am Sep 14, 2016 4:45am
Quoting Sammih
In terms of trend,here is my analysis Scenario 1: Failure swing Price failed to make a new high, broke its low (+trendline) and is now only looking to confirm that support as resistance for a sell around the dotted upper line. More sell to follow as lower dotted line is broken {image}

CORRECT.
  • #440,132
  • Sep 14, 2016 4:46am Sep 14, 2016 4:46am
Quoting Makavell
{quote} 'Hope' is now the new indicator!!!
didn't you know technical and fundamental analysis are simply paintings and poems about hopes and dreams...
  • #440,133
  • Sep 14, 2016 4:50am Sep 14, 2016 4:50am
Quoting Makavell
{quote} 'Hope' is now the new indicator!!!
in truth, hope was referred to understand the graphs and not to the down view !!!

EDIT: second hope means this: I am not a prophet so for this long view I used a very small position. That's all
  • #440,134
  • Sep 14, 2016 4:58am Sep 14, 2016 4:58am
Quoting Devart
{quote} in truth, hope was referred to understand the graphs and not to the down view !!!
just messing with you bro
  • #440,135
  • Sep 14, 2016 4:59am Sep 14, 2016 4:59am
Quoting Makavell
{quote} just messing with you bro
this is forex love lol
  • #440,136
  • Sep 14, 2016 5:36am Sep 14, 2016 5:36am
Very tricky market
  • #440,137
  • Sep 14, 2016 5:46am Sep 14, 2016 5:46am
Just wait or scalp a few pips here and there and you might find one of the trades breaks
  • #440,138
  • Sep 14, 2016 5:57am Sep 14, 2016 5:57am
its fallen a long way ,its thinking ,am i up or down just don't know

Quoting yuddy
Very tricky market
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #440,139
  • Sep 14, 2016 6:00am Sep 14, 2016 6:00am
Watching closely, whilst at a distance lol ..
  • #440,140
  • Edited 6:26am Sep 14, 2016 6:05am | Edited 6:26am
if that last candle is undecided its probably not trustworthy
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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