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Cable Update (GBPUSD)

  • #447,101
  • Jan 7, 2017 8:10am Jan 7, 2017 8:10am
this candle still need to confirm I see problems and a bearish w1 ,don't think I'm being blind at all more realistic
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,102
  • Edited 8:26am Jan 7, 2017 8:14am | Edited 8:26am
also this one I see problems rather than straight bull ,unless theres a wild card news coming

Quoting JimmyC
$DX Daily Index view The dollar looks like it's rocking.... if it clears the 10243... should make a new high. I wouldn't long cable for a bit.... remember my weekly back a bit.... It's got room on the downside, trend holding. US Dollar Basket (-).png;2129261 Trade safe {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,103
  • Jan 7, 2017 8:34am Jan 7, 2017 8:34am
and im very bearish eu on a quarterly
460p wick then solid sell off
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBP month (DFB).png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #447,104
  • Jan 7, 2017 8:35am Jan 7, 2017 8:35am
Hi Bones,
I read your comment about chart GBPUSD in which you say "...and turns making reading difficult".
I really think that the chart give me good idea of a trade for about 50 pips with limited risk.
Looking at the chart I think that is possibile that the price will reach 1.2204 and
if you are patient and strong you can resist until the 1.21871.
The question mark point is at 1.2370 and the stop loss point is at 1,2440.
(Note: Question MArk point is the point to put take profit at the entry level (no profit and no loss).
Only doubt is the Monday on GBP that normally isn't very dynamic.
  • #447,105
  • Jan 7, 2017 8:51am Jan 7, 2017 8:51am
Expecting a move down!
  • #447,106
  • Jan 7, 2017 8:51am Jan 7, 2017 8:51am
cad also printed bullish d1 on the tl again




Quoting Bones
usd cad im confident still this is not strong up compared to down , a correction the major tl hasnt been touched these 2 candles last can be bearish {image}
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: CAD2 (DFB).png Size: 36 KB
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  • #447,107
  • Edited 1:17pm Jan 7, 2017 12:11pm | Edited 1:17pm
Hi V ,
Ive had time to think and I'm confident it won't continue
only below the number you mention would I be bearish next week if it went there id think it prob break
Im going in thinking that weekly is not a bear signal staight off im looking at 3 attempts to go lower including tweezer this last week
If it gaps down or goes bearish straight off id be wrong $ is not ready as far as I can see the daily has to confirm $


Quoting vw53
Hi Bones, I read your comment about chart GBPUSD in which you say "...and turns making reading difficult". I really think that the chart give me good idea of a trade for about 50 pips with limited risk. Looking at the chart I think that is possibile that the price will reach 1.2204 and if you are patient and strong you can resist until the 1.21871. The question mark point is at 1.2370 and the stop loss point is at 1,2440. (Note: Question MArk point is the point to put take profit at the entry level (no profit and no loss). Only doubt is the Monday...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD weekly (DFB).png Size: 33 KB
Click to Enlarge Name: aud USD (DFB).png Size: 31 KB
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  • #447,108
  • Jan 7, 2017 10:19pm Jan 7, 2017 10:19pm
Looking at my 30 min chart I don't see any return to the long side just yet.
Attached Image (click to enlarge)
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  • #447,109
  • Jan 8, 2017 12:19am Jan 8, 2017 12:19am
Quoting Bones
the chart is full of no warning d1 twist and turns making reading difficult {image}
Yes I've seen this type of set up before with a bearish daily heading into support after only a moderate bulliish retrace (in this case to the 38.2fib). My inclination is it will be a shit fight on lower timeframes around the recent swing low before the bears create a new low.

How low? I Don't know..
Come with me if you want to live....
  • #447,110
  • Jan 8, 2017 12:45am Jan 8, 2017 12:45am
Hidden S/R levels - 1 way of showing I trade it.
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  • #447,111
  • Jan 8, 2017 2:13am Jan 8, 2017 2:13am
Cable wants to break higher but its very muted compared to EU and Aussie for now maybe next week this will change.
129 is the initial target area then the 134 this may take 1-2 months my reckoning.
Attached Image (click to enlarge)
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rat
  • #447,112
  • Edited 1:47pm Jan 8, 2017 12:33pm | Edited 1:47pm
yea all im saying is careful it could easy hold initially ,I actually posted I thought range would hold on that highlighted 2 week
Ive looked at it before to see why I was wrong ,the close shaven I thought could be bullish into support
the last one before this one was easy cause of the wick and blue
this one im open minded
im mindful of red last monthly
Quoting Ill-b-back
{quote} Yes I've seen this type of set up before with a bearish daily heading into support after only a moderate bulliish retrace (in this case to the 38.2fib). My inclination is it will be a shit fight on lower timeframes around the recent swing low before the bears create a new low. How low? I Don't know..
Attached Image (click to enlarge)
Click to Enlarge Name: 17 2 week Jul 2016 04-28-53.png Size: 28 KB
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  • #447,113
  • Jan 8, 2017 2:00pm Jan 8, 2017 2:00pm
Price drop to 2240 on the open
  • #447,114
  • Jan 8, 2017 4:25pm Jan 8, 2017 4:25pm
If you love cable, note that the pair is largely on a downward move. The technicals on all HTFs are in sync for a downward operation. A likely target is 1.20180, the most recent swing low of October 2016 on the weekly time frame.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Top-Down_Analysis_Weekly_January_8,_2017.png Size: 27 KB
Do your homework, follow the footprints of smart money
  • #447,115
  • Jan 8, 2017 4:45pm Jan 8, 2017 4:45pm
Quoting KeenPips
If you love cable, note that the pair is largely on a downward move. The technicals on all HTFs are in sync for a downward operation. A likely target is 1.20180, the most recent swing low of October 2016 on the weekly time frame. I may be wrong. Trade safe and prosper. KP GBPUSD_Top-Down_Analysis_Weekly_January_8,_2017.png;2130779 {image}
If you love trading GBPCAD, note that the pair has been on the downside for a long while. On the daily time frame, price action is respecting an inner descending trendline (navy colour) after a period of consolidation with the bears back in control, indicating the possibility of further southward move. Details are shown on weekly technical outlook.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD_Top-Down_Analysis_Daily_January_8,_2017.png Size: 27 KB
Do your homework, follow the footprints of smart money
  • #447,116
  • Jan 8, 2017 7:45pm Jan 8, 2017 7:45pm
A little scalp playing this little range factoring in todays open and the weekly pivot, , bought 2257 looking for 2279 as a 1st tgt (todays open) with a secong tgt around weekly pivot 1.23ish area
Attached Image (click to enlarge)
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  • #447,117
  • Jan 8, 2017 11:39pm Jan 8, 2017 11:39pm
Tickleing my stp here , no bounce Ill take my azz kicking and move on lol
  • #447,118
  • Jan 9, 2017 12:27am Jan 9, 2017 12:27am
Does anyone know why cable dropped with a gap over the weekend?
  • #447,119
  • Jan 9, 2017 12:57am Jan 9, 2017 12:57am
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  • #447,120
  • Jan 9, 2017 1:41am Jan 9, 2017 1:41am
Quoting digger1
Tickleing my stp here , no bounce Ill take my azz kicking and move on lol
Morning D I had auto tp 2240 so looking for bottom 2100 looks like it could be ? But like the doji top on the 4 hour it was not expected so watch all times B
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