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Cable Update (GBPUSD)

  • #448,041
  • Jan 26, 2017 8:08am Jan 26, 2017 8:08am
Quoting Bones
so bears aren't worried about that {quote}
i would love to short it, but i would also prefer it to test the 1.2730 zone first to see it's reaction~
Dilemma pair :/
The only true wisdom is in knowing you know nothing.
  • #448,042
  • Jan 26, 2017 8:12am Jan 26, 2017 8:12am
tl lines with pivot ,weekly is bullish but it cant turn on a penny
weekly wont change to bear no way high probability
check the next h4

Quoting Bones
heres the thing ive noticed on H4 ,one thing about overbought is you cant afford any bearish sign ,if GDP is good that line will go which w1 says or reset tl will hold {image}
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,043
  • Jan 26, 2017 8:19am Jan 26, 2017 8:19am
Monthly Fail maybe...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4monthlyfail.png Size: 117 KB
  • #448,044
  • Jan 26, 2017 9:05am Jan 26, 2017 9:05am
Today The data base will not affect the currency
Wait for GOOOOOD Time
  • #448,045
  • Jan 26, 2017 9:13am Jan 26, 2017 9:13am
not sure about 1.2605 being a resistance, but 1.2540/45 is definitely support...just don't know if we get a chance at it, and its getting late in the day
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 48 KB
Look Sharp/Trade Tight
  • #448,046
  • Jan 26, 2017 9:30am Jan 26, 2017 9:30am
Quoting Traderak
{quote} I sold little earlier 1,2654..even possible 200 pips fall..but not sure I can wait, do not want to miss usd try short option hope it run ıp till 3,9X double top by usd run. What is your tp with gu?

H1 Flag says possible 1,2480....but enough for me here.
  • #448,047
  • Jan 26, 2017 9:33am Jan 26, 2017 9:33am
Quoting Bones
$ is bearish I tell you that with high confidence ,hes just told us hes building a billion $ wall the other day he said $ is too high {quote}
Maybe but as i said i trust my analysis and they have not betrayed me for a long long time..
Well when i said last time i was long on Pound when it opened on a gap at 1.20 no one actually believed me.
But i will attach my live 20K and another 10K account for other to see if i have not done what i said ok maybe not with high leverage but still was on 1:1 leverage on all 3 pairs i said i am..
BUY : gbpaud
BUY bpnzd
BUY and gbpcad...
all is well now..
.
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  • #448,048
  • Jan 26, 2017 9:52am Jan 26, 2017 9:52am
See if 2588 sells
  • #448,049
  • Jan 26, 2017 10:10am Jan 26, 2017 10:10am
i don't think so it will go up 1.2700 may be you are right but i think go up
Wait for GOOOOOD Time
  • #448,050
  • Jan 26, 2017 10:34am Jan 26, 2017 10:34am
may be i am wrong i have also third and second target but first target is 1.27000
Wait for GOOOOOD Time
  • #448,051
  • Jan 26, 2017 10:39am Jan 26, 2017 10:39am
Quoting elbert3
See if 2588 sells
30 pip target to 2537 and hold if lower 2500 2377 ???
  • #448,052
  • Jan 26, 2017 11:56am Jan 26, 2017 11:56am
Price action appears to have settled at the 1.2545 support level (for now).

Indicators and 50 day moving average on all time frames (D1, H4, H1) all support bullish movement.

I've just opened a small long position at 1.25788. SL 1.25411. TP 1.26638.

I could be wrong. It has been known to happen before...
  • #448,053
  • Jan 26, 2017 12:00pm Jan 26, 2017 12:00pm
Quoting Arman8
may be i am wrong i have also third and second target but first target is 1.27000
OMG this indicator say BUY
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 83 KB
onorebate
  • #448,054
  • Jan 26, 2017 12:06pm Jan 26, 2017 12:06pm
it actually looks like this on h1 price hasn't touched it at all


Quoting Don96
{quote} may be in for a shock to bulls if this is the correct TL.... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: h1 Screenshot 2017-01-26_18-03-47.png Size: 109 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,055
  • Jan 26, 2017 12:12pm Jan 26, 2017 12:12pm
1.254xx does look like relatively healthy support.

The spike in volume on the 2pm-6pm candle (GMT) certainly wanted to keep the price above this level.

My chart has 1.27799 as the next major resistance level, but I'm sure there is plenty of bouncing around to do before it gets near to that.

I'm bullish, for now.
  • #448,056
  • Jan 26, 2017 12:13pm Jan 26, 2017 12:13pm
Quoting putrimawarfx
{quote} OMG this indicator say BUY {image}

which indicator you are use for trading.
  • #448,057
  • Jan 26, 2017 12:14pm Jan 26, 2017 12:14pm
id say close enough so long as d1 is not bear looking ,h12 looks bearish
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,058
  • Jan 26, 2017 12:18pm Jan 26, 2017 12:18pm
theres a few bear failures on the way up ,only thing that bothers me is that wick
Attached Image (click to enlarge)
Click to Enlarge Name: h12 USD (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,059
  • Jan 26, 2017 12:28pm Jan 26, 2017 12:28pm
I like Trump but he seems to frighten the market speaking now
he hasnt internet banking with the FED he doesn't know the balance
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #448,060
  • Jan 26, 2017 12:48pm Jan 26, 2017 12:48pm
Quoting Luzbay
Price action appears to have settled at the 1.2545 support level (for now). Indicators and 50 day moving average on all time frames (D1, H4, H1) all support bullish movement. I've just opened a small long position at 1.25788. SL 1.25411. TP 1.26638. I could be wrong. It has been known to happen before...
Working out pretty well for me so far.

30.1 pips in the green and now have a trailing stop loss in place.

Run, Forrest, run!
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