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Cable Update (GBPUSD)

  • #447,021
  • Jan 5, 2017 8:37pm Jan 5, 2017 8:37pm
what I see is a 150 pip h4 off a tl
through a major pivot
sitting on last week high
but overbought,
fail to break
the blue fail is the one to watch
there's a down tl bit higher
Attached Image (click to enlarge)
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  • #447,022
  • Jan 5, 2017 8:48pm Jan 5, 2017 8:48pm
don't forget the other part of cable brexiteers
course its news today ,but then its difficult to see recovery this week
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Click to Enlarge Name: w1 6 Jan 2017 04-46-10.png Size: 31 KB
Click to Enlarge Name: d1 6 Jan 2017 04-46-46.png Size: 37 KB
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  • #447,023
  • Jan 5, 2017 9:34pm Jan 5, 2017 9:34pm
Quoting Bones
don't forget the other part of cable brexiteers course its news today ,but then its difficult to see recovery this week {image} {image}
looks promising



Come with me if you want to live....
  • #447,024
  • Jan 5, 2017 9:52pm Jan 5, 2017 9:52pm
Yes you had it correct Davo and yes (a) could have been both a Div and an LPC... well done that man.
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  • #447,025
  • Jan 5, 2017 10:09pm Jan 5, 2017 10:09pm
I always like to transfer the levels to the 1 min chart because there is more detail there.
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Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #447,026
  • Jan 5, 2017 10:28pm Jan 5, 2017 10:28pm
Have to watch 2377 area as it was one of my ext 61% nice to see 100 pips up ???
  • #447,027
  • Jan 5, 2017 10:45pm Jan 5, 2017 10:45pm
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  • #447,028
  • Jan 5, 2017 11:40pm Jan 5, 2017 11:40pm
This 2350-2370 b/o looks a lot weaker than previous one in November.
Usually this area sent price straight to 1.25 where btw, there is an interesting previous support to be confirmed as resistance.
Unless a strong continuation down in USD... I would be carefull and worried about any long position running in case price will be again below the 2360.

I still hold my long position, despite I still believe price has to meet the 1.21 area.
Let's see what market will decide for today. Long hours left before weekly candle closing time!
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.png Size: 26 KB
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  • #447,029
  • Jan 5, 2017 11:49pm Jan 5, 2017 11:49pm
17/01/06 FRIDAY 08:42+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #447,030
  • Jan 5, 2017 11:54pm Jan 5, 2017 11:54pm
Quoting elbert3
Have to watch 2377 area as it was one of my ext 61% nice to see 100 pips up ???
Battle going on here on the 1 min ? Who will win ??
  • #447,031
  • Jan 6, 2017 12:03am Jan 6, 2017 12:03am
Quoting elbert3
{quote} Battle going on here on the 1 min ? Who will win ??
Should be some support round abouts here, hope your holidays were well
  • #447,032
  • Jan 6, 2017 12:07am Jan 6, 2017 12:07am
Not saying it will hold with all the fun to come today , rough idea of what I was referring too here
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.jpg Size: 322 KB
  • #447,033
  • Jan 6, 2017 12:13am Jan 6, 2017 12:13am
Battle going on here in the 30 also with a target of just 2370
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
  • #447,034
  • Jan 6, 2017 12:26am Jan 6, 2017 12:26am
Quarterly pivot kinda stopped it , red line appears to be kinda of a key area , may just do a whole bunch of nothing for a few hours here , would think it would take another crack at the pivot but barley hanging on to the 2380 area , should be fun
Attached Image (click to enlarge)
Click to Enlarge Name: GBP 2.jpg Size: 273 KB
  • #447,035
  • Jan 6, 2017 12:32am Jan 6, 2017 12:32am
Quoting digger1
{quote} Should be some support round abouts here, hope your holidays were well
Happy new year D
  • #447,036
  • Jan 6, 2017 12:39am Jan 6, 2017 12:39am
Quoting elbert3
{quote} Happy new year D
Back at ya my friend, good to see your voice .
  • #447,037
  • Jan 6, 2017 12:44am Jan 6, 2017 12:44am
Quoting digger1
{quote} Back at ya my friend, good to see your voice .
Watching 1 min see if it confirms a breakout ???
  • #447,038
  • Jan 6, 2017 12:52am Jan 6, 2017 12:52am
Quoting elbert3
{quote} Watching 1 min see if it confirms a breakout ???
Its trying too
  • #447,039
  • Jan 6, 2017 12:53am Jan 6, 2017 12:53am
Quoting Lock
17/01/06 FRIDAY 08:42+1GMT EARLY MORNING REPORT

Nice work, you're doing. Please keep it up
  • #447,040
  • Jan 6, 2017 1:23am Jan 6, 2017 1:23am
Quoting digger1
{quote}Its trying too
Now that little move was not nice ????
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