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Cable Update (GBPUSD)

  • #449,421
  • Feb 11, 2017 9:36am Feb 11, 2017 9:36am
Quoting digger1
One thing is for sure , next week could be very interesting, looks like it will vacate this area one way or the other , appears to be some sheet about to collide ,,,,,,, if it drops - your .2160 area is looking good E, if it pops 1.2848 would be a good target with a poke thru 1.26ish and a retest there ,,,,,,,, trade safe all,,,,, have a look and pick your poison lol,,,,, good weekend all. Upside down 8 hour.jpg;2183748 GBP.jpg;2183750 {image} {image}
in your 1st chart you're looking at usdgbp instead of gbpusd , can i ask you why you do that ?
  • #449,422
  • Feb 11, 2017 9:43am Feb 11, 2017 9:43am
Quoting MXT
{quote} in your 1st chart you're looking at usdgbp instead of gbpusd , can i ask you why you do that ?
Just an alternate view, sometimes gives ya a little different perspective , some patterns are easier to pick out , it gives you the exact ying for every yang ,,,lol or yang for ying
  • #449,423
  • Feb 11, 2017 10:00am Feb 11, 2017 10:00am
Quoting digger1
{quote} Just an alternate view, sometimes gives ya a little different perspective , some patterns are easier to pick out , it gives you the exact ying for every yang ,,,lol or yang for ying
that's cool , i like that
  • #449,424
  • Feb 11, 2017 11:06am Feb 11, 2017 11:06am
Some arguments going on perhaps about bull or bear market for this pair presently !!I am not going to add any inflammation here .Just my views & analysis , simple & straight forward , nothing any new though about this pair. Anyway I am not any fan of bull in this pair rather expecting great down for it , very long term target may even goes to 0.6150!!logical but the train never go that direct to hold for years basis , lots of up & down streams there too in between. The last year also very great for the bear 2360 pips candle .so a correction should be due & as per waves analysis with a new bottom & double bottom & waiting for signals still to hit & break 1.2774 and 1.2794 , trump factor to me etc , it is apparent that correction is imminent if not otherwise proved , failure break those signals & hold also . yes by this time if pa needs test the bottom again also likely , not any great bear though perhaps . anyway anything can happen , can correct now or then at a further down of the mess, all ok. bear & bull present at every wave , every move & so all fit in it . no fight for it , just play safe if any wrong any place . this yearly views is ultimately bull > do not forget tha camel theory also.. take care , fontu
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 47 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 44 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 39 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,425
  • Feb 11, 2017 11:18am Feb 11, 2017 11:18am
On the daily GU chart, since the 23rd of January, price has not closed below the median line, (the middle line of the pitchfork).
Price also retraced half way back on February 7th.
Attached Image (click to enlarge)
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  • #449,426
  • Feb 11, 2017 3:01pm Feb 11, 2017 3:01pm
looks like a reaction off weekly support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Click to Enlarge Name: GBPUSDWeekly1.png Size: 28 KB
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  • #449,427
  • Feb 11, 2017 3:09pm Feb 11, 2017 3:09pm
That 50 fib is hard core resistance.

daily 200ema also looking for some love?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 28 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
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  • #449,428
  • Edited 4:00pm Feb 11, 2017 3:31pm | Edited 4:00pm
that same doji and story line
with confluence

Quoting MXT
{quote} hey Bones , we'll see what happens next , but to me really a single doji alone does not represent a reversal personally i would be looking for longs on cable only if it breaks and closes above 1.2775 - this could happen , but personally i feel it is more likely that it will test the low 1.2200s again before doing that , we'll see
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 23 KB
Click to Enlarge Name: JPY month use (DFB).png Size: 28 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,429
  • Feb 11, 2017 4:02pm Feb 11, 2017 4:02pm
Quoting Bones
that same doji and story line with confluence {quote} {image}
Alright, so according to your chart and analysis for the GBP/USD for example (or GBP/JPY whatever), where exactly will you buy (or sell short) and put your stop?
  • #449,430
  • Feb 11, 2017 4:05pm Feb 11, 2017 4:05pm
do what you do normally next follow
ideally no break of weekly so ideally under that lets see what next first (open)
I laid out gbp jpy already unless that tl breaks I believe
to the tl could be superb gift on pa

Quoting Mr Breakout
{quote} Alright, so according to your chart and analysis for the GBP/USD for example (or GBP/JPY whatever), where exactly will you buy (or sell short) and put your stop?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,431
  • Feb 11, 2017 4:14pm Feb 11, 2017 4:14pm
Quoting Bones
do what you do normally next follow ideally no break of weekly so ideally under that lets see what next first (open) I laid out gbp jpy already unless that tl breaks I believe {quote}
I reread your post 5 times and still do not understand its meaning.

Anyway, I just thought it would be more informative if you could post specific entry/stop levels when the trading setup you are looking for is complete and you have a trading signal to go long or short.
  • #449,432
  • Feb 11, 2017 4:21pm Feb 11, 2017 4:21pm
ok I put the arrow on the chart gbp jpy if you ask me what next exactly I don't know I want to see open first movement since cable is still unclear d1
I built quite a few charts in confluence that the weekly outlook has merit

Quoting Mr Breakout
{quote} I reread your post 5 times and still do not understand its meaning. Anyway, I just thought it would be more informative if you could post specific entry/stop levels when the trading setup you are looking for is complete and you have a trading signal to go long or short.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #449,433
  • Feb 11, 2017 4:43pm Feb 11, 2017 4:43pm
Quoting Bones
ok I put the arrow on the chart gbp jpy if you ask me what next exactly I don't know I want to see open first movement since cable is still unclear d1 I built quite a few charts in confluence that the weekly outlook has merit {quote}
So if I understand you correctly you are apparently waiting for a close above that weekly doji candle to go long the GBP/JPY?
  • #449,434
  • Edited 5:34pm Feb 11, 2017 4:55pm | Edited 5:34pm
Speaking of GBP/JPY we have what appears to be a failed head and shoulders pattern on the 4h chart.

Unless the price is simply testing the neckline (blue line), a clear breakout of the 142.50 level (red line) could spell trouble for the short sellers.

If the H&S fails, the buyers should be able to pocket at least 250 pips easy...
Attached Image (click to enlarge)
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  • #449,435
  • Feb 12, 2017 3:37am Feb 12, 2017 3:37am
Quoting Bones
that same doji and story line with confluence {quote} {image} {image}
you have a good point with your trendline , we'll see if it holds or not

on gbpjpy a lot depends on what usdjpy does
  • #449,436
  • Feb 12, 2017 3:47am Feb 12, 2017 3:47am
open will be interesting.
Could retest 1.2518ish again
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 35 KB
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  • #449,437
  • Feb 12, 2017 12:06pm Feb 12, 2017 12:06pm
Quoting Ill-b-back
open will be interesting. Could retest 1.2518ish again {image}
Hey bro.. long time no see..

I reckon the wave is more to the downside bro..
  • #449,438
  • Feb 12, 2017 12:51pm Feb 12, 2017 12:51pm
Good evening price could gap to 2495 over that them o will look at longs again to 2520 see if it breaks . Or short 2495 to 24150 area
  • #449,439
  • Feb 12, 2017 12:54pm Feb 12, 2017 12:54pm
gap opened 1,24803, it's now at 1,24748
  • #449,440
  • Feb 12, 2017 1:23pm Feb 12, 2017 1:23pm
Quoting Windstrown
gap opened 1,24803, it's now at 1,24748
What FX platform/broker are you using?
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