Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #440,121
Quote
Sep 14, 2016 5:02am Sep 14, 2016 5:02am

Ashkbose
| Joined Aug 2016 | Status: Member | 25 Posts

Quoting HaLBot

Disliked

{quote} This might explain why... http://news.forexlive.com/!/august-2...eport-20160914

Ignored

Losing job looks 5k monthly and earring is decreasing, it should move price down fundamentally.

Post #440,122
Quote
Sep 14, 2016 5:02am Sep 14, 2016 5:02am

Sammih
Joined Mar 2015 | Status: Living Life Large | 743 Posts

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

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Post #440,123
Quote
Sep 14, 2016 5:04am Sep 14, 2016 5:04am

Sammih
Joined Mar 2015 | Status: Living Life Large | 743 Posts

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

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Post #440,124
Quote
Sep 14, 2016 5:05am Sep 14, 2016 5:05am

pointlessfor
Joined Mar 2016 | Status: Member | 1,612 Posts

Quoting Sammih

Disliked

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}

Ignored

yes 3166 seems good now

Post #440,125
Quote
Sep 14, 2016 5:27am Sep 14, 2016 5:27am

ocean78
| Joined Sep 2016 | Status: Member | 5 Posts

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 ?

Post #440,126
Quote
Sep 14, 2016 5:28am Sep 14, 2016 5:28am

kk300
Joined Jan 2015 | Status: Member | 1,162 Posts

3260 is achievable...

Post #440,127
Quote
Sep 14, 2016 5:31am Sep 14, 2016 5:31am

lolik79
| Joined Apr 2016 | Status: learn and practice.... | 59 Posts

Quoting Sammih

Disliked

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}

Ignored

swing up it is...

Post #440,128
Quote
Sep 14, 2016 5:31am Sep 14, 2016 5:31am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 22,805 Posts

no you can't look with mag glass like that

Quoting Ashkbose

Disliked

More people lost job and earning less than last month, don't know why long?!

Ignored

Attached Image

#doyourownanalysisordietryin

Post #440,129
Quote
Sep 14, 2016 5:39am Sep 14, 2016 5:39am

Devart
| Joined Jun 2013 | Status: Stress is the enemy | 358 Posts

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").

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Post #440,130
Quote
Sep 14, 2016 5:44am Sep 14, 2016 5:44am

Makavell
| Joined Mar 2013 | Status: Member | 496 Posts

Quoting Devart

Disliked

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}

Ignored

'Hope' is now the new indicator!!!

Post #440,131
Quote
Sep 14, 2016 5:45am Sep 14, 2016 5:45am

actionmoney
| Joined Jul 2016 | Status: Member | 208 Posts

Quoting Sammih

Disliked

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}

Ignored

CORRECT.

Post #440,132
Quote
Sep 14, 2016 5:46am Sep 14, 2016 5:46am

pursuit_21
| Joined Aug 2007 | Status: playing the long game | 257 Posts

Quoting Makavell

Disliked

{quote} 'Hope' is now the new indicator!!!

Ignored

didn't you know technical and fundamental analysis are simply paintings and poems about hopes and dreams...

Post #440,133
Quote
Sep 14, 2016 5:50am Sep 14, 2016 5:50am

Devart
| Joined Jun 2013 | Status: Stress is the enemy | 358 Posts

Quoting Makavell

Disliked

{quote} 'Hope' is now the new indicator!!!

Ignored

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