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Cable Update (GBPUSD)

  • #442,741
  • Oct 6, 2016 10:40am Oct 6, 2016 10:40am
Quoting Don96
{quote} here we go....

What I would like to see if the highest volume on this current h4 (ending in 1 hour and 20mn), a reversal candle

And the same thing for eurgbp

Plenty of time left though...
Make money by doing the opposite of Giveachance aka loser
  • #442,742
  • Oct 6, 2016 10:50am Oct 6, 2016 10:50am
Quoting user954
GBPUSD took out Brexit lows and made new lows . This was expected and we traded it successfully. There is considerable negative momentum on daily and weekly charts which give strong odds for lower prices which we'll be looking to trade. As far as how low it could go , we are in unknown territory though from momentum readings a move down to 1.22 over the next 16 weeks is what we are estimating right now. For immediate trades, look to short bounces in the 1.31 - 1.32 range over the next few days. Live trades will be available as always in the FX Desk...
The move to 1.22 area is expected by Nov 11 as mentioned in my last posts on July 5 . That analysis is still valid. So trade accordingly
  • #442,743
  • Oct 6, 2016 11:06am Oct 6, 2016 11:06am
Quoting nessus94
{quote} What I would like to see if the highest volume on this current h4 (ending in 1 hour and 20mn), a reversal candle And the same thing for eurgbp Plenty of time left though...
70 pips up from here on next h4 bar would be lovely to me..

it would be even better if NFP comes out bad tomorrow and we get above 1.28.. weekly would be juicy
  • #442,744
  • Oct 6, 2016 11:12am Oct 6, 2016 11:12am
Quoting niubee
{quote} I also got that number. I'm using fibo ext on 1H chart, the number 1.2606 (fibo ext 161.8). Short @1.2647 [email protected] [email protected] Good luck mate
i said you. it can reverse here on longs.
  • #442,745
  • Oct 6, 2016 11:52am Oct 6, 2016 11:52am
What is new on G/U as it is now @2644? How do you see NF tomorrow?
  • #442,746
  • Oct 6, 2016 12:15pm Oct 6, 2016 12:15pm
I doubt it will go lower than 1.2560 ...let's see NFP
Plan to keep shorting with that level in mind
  • #442,747
  • Oct 6, 2016 12:33pm Oct 6, 2016 12:33pm
Quoting ruma29
{quote} can you guaranty: "126 for sure..." ?
Well we have been 20 pips or so from 126 000
125 800 and would look to go long ,,
btw nothing guaranteed as there ever is ..
but then lower is more realistic.
  • #442,748
  • Oct 6, 2016 12:34pm Oct 6, 2016 12:34pm
Look at 4 hour tl ?????? If it closes any gaps then it has to break the top tl but will it break the bottom
  • #442,749
  • Oct 6, 2016 12:48pm Oct 6, 2016 12:48pm
Quoting ruma29
{quote} can you guaranty: "126 for sure..." ?
Btw this is what i personally think and why - this move started on what the 6th September high point is with Wall St.
After NFP then this move will finish with Wall St.

X marks the spot .. thats an x with potentially around it.

The only reason for buying has been to sell price lower - would look to middle of next week for a turn around perhaps even Tuesday.
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  • #442,750
  • Oct 6, 2016 1:22pm Oct 6, 2016 1:22pm
Broken wings..........
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  • #442,751
  • Oct 6, 2016 1:28pm Oct 6, 2016 1:28pm
here we go . 2611 need to hit soon
  • #442,752
  • Oct 6, 2016 1:32pm Oct 6, 2016 1:32pm
Quoting dean1star
{quote} Well we have been 20 pips or so from 126 000 125 800 and would look to go long ,, btw nothing guaranteed as there ever is .. but then lower is more realistic.
yes i will post reversal signal with target minimum 500 pips
  • #442,753
  • Oct 6, 2016 1:46pm Oct 6, 2016 1:46pm
Quoting FastPipn
GU Short 1.2650 Target 1.2620
Out
Just 20 pips a day to riches
  • #442,754
  • Oct 6, 2016 1:46pm Oct 6, 2016 1:46pm
target hit . another 30% profit
  • #442,755
  • Oct 6, 2016 1:51pm Oct 6, 2016 1:51pm
Next support parity.
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  • #442,756
  • Oct 6, 2016 1:56pm Oct 6, 2016 1:56pm
https://www.efxnews.com/story/34254/...-credit-suisse

Credit Suisse Targeting 1.22
  • #442,757
  • Oct 6, 2016 2:01pm Oct 6, 2016 2:01pm
Quoting Walz
https://www.efxnews.com/story/34254/...-credit-suisse Credit Suisse Targeting 1.22
They were targeting 1.29 the other day
  • #442,758
  • Oct 6, 2016 2:01pm Oct 6, 2016 2:01pm
Quoting mades
i would wait till us session closes, they tend to follow the daily trend set by eu. Looking at 1h usd index it looks like bulls could be exhausted but still a few points up possible to reach july index high.
as expected .. us trend lovers rarely disappoint.
  • #442,759
  • Oct 6, 2016 2:06pm Oct 6, 2016 2:06pm
nice continuation, wasn't expecting 2600 today, I wasn't watching it, saw it too late, scalped a yen instead, another nice day in fx
big money makes big moves and then hides during small money chasing.
  • #442,760
  • Oct 6, 2016 2:08pm Oct 6, 2016 2:08pm
carefull now. 2590 very strong reversal point could be. will see. i am done for the week.
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