Cable Update (GBPUSD)

Oh haha...

Okay I'll come up with levels now then

good luck man...I catch you later, going out to get some air...

Peace, can you feel it coming in the air tonight though

Just waiting for emas to catch up and we will move on the 5 min

My deductions NFP

XXXUSD any bear news is game.

Cup and handle on 5 minute under construction TP @ 1.2595

Using the recent bear move on the 5 minute chart, should the area of consolidation on the 5 minute become a break to the bear the Fibonacci has definitive areas sitting almost approximately with demand.

I remain bullish, I believe any bear move will be short lived at areas of demand or Fibonacci levels.

http://www.forexfactory.com/showthre...27#post9495127

Not sure the green will hold.

I think we're headed for the blue.

I believe that the price will continue to smooth descent to the point of 1.24497. Now, the price may go up a little bit to the point of 1.25037. And the price will fall after that to the point of 1.24600.

Hi IlB or even the 23% at the bottom of the chart . B

Hmm, yeah, I see an untested region down there (even on the hourly).

With our good ol' "reliable" buddies at Goldman Sachs calling for the end of the $ rally, GU may well crap itself to a new low.

Who knows....

Oh, I'm not buying it just because it's cheap (although I would argue that buying any financial security at historically low levels can indeed be a sound trading strategy - I'm pretty sure that the people who bought gold around $300 an ounce or sugar around 3 cents a pound have done pretty well) - I'm buying it because I think the post-Brexit collapse was a massive overreaction - Leaving the EU is NOT going to murder the UK economy.
Further, I'm in from 1.2050 with a stop below 1.2150, so things look decent at this point no matter what happens. Had that same position on from 2016, but got stopped out earlier this year.
My ideal take profit level is 2.20. Yeah, okay, it might stop a little lower than that.

In the age of fiat currencies, I think it's possible that we may see all the major currencies move toward parity - in other words, everything being close to 1.00. After all, the reality is that the euro, pound, and U.S. dollar are all about equally worthless - the emperor has no clothes, across the board.

tests supports 2480 as set before for target 1 or failure further down to have new supports 2350/2250/30 next week. fontu
news time spikes for waiting it settle to see what next. most vulnerable & so restless this pair.

Long gbp/usd 1.2486 target 1.2586

There is a small diamond pattern to have continuation down in smaller tf to get around 1.2380 , not likely or usually works / success in smaller tf , so failure to get 1.2600 . fontu

tempting level in GJ at 139.93 considering the outrights...seems like there would be some SLs down there...maybe I take a flyer on a spike this hour...

Looks like it has sorted itself out now . On we go

Despite all the action happening price seems to close between these levels...

I'm definitely trading the break of this + retest

short gbpusd at 1.25021 stops at 1.25221 profit target at 1.24500
a close above the ichimoku cloud above 0 and I will manually close

Peace! x

GBP broke my WTF-O-Meter during news today. Don't laugh!, they're expensive!

nothing is happening before the NFP so why would you place an order before that ? I expected it to spike down to 1.24 or more so I could enter some longs there a few buy limits were already set.

Support / Resistance