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Cable Update (GBPUSD)

  • #449,941
  • Feb 19, 2017 11:07am Feb 19, 2017 11:07am
Quoting DonMalaya
im still believe 1.2300 ... need to monitor the continuation until the change happen
ok , then you should get it down first I think so too 1.2345 first than any correction.take care , fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,942
  • Feb 19, 2017 1:02pm Feb 19, 2017 1:02pm
For day (or even swing) traders the cable has just completed a top head and shoulders pattern on the 5-min.
Not only that but the trend is also down, another reason to be bearish.
Take a look.
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  • #449,943
  • Feb 19, 2017 1:52pm Feb 19, 2017 1:52pm
There is probably a symmetrical triangle on the daily chart of the GBPUSD. The pair may take off in any direction, but there is no clear trend until it breaks above the 1.2600 level or below the 1.2300.
  • #449,944
  • Feb 19, 2017 2:45pm Feb 19, 2017 2:45pm
If you are tacking the cable during the week, note that although the pair is still technically disposed southwards, the pair is currently in a ranging/sideways mode but the general technical disposition is southwards (See the attached 4H chart). Details on this and a few other pairs are provided on weekly technical outlook.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #449,945
  • Feb 19, 2017 3:21pm Feb 19, 2017 3:21pm
Quoting Toranaga
{quote} There is a german saying. "You can believe in a church.."
Hi there. Guten Tag

We have a church, a banner.... a gospel
It's all going great over there in EuroUSDLand
Come by and visit.....
Â
BUT There's a rule in my church to never buy pound
So if you are buying..... start praying but outside !!!
I'll reserve a bench, german sausages, beer.....bucket to hold your tears.....
Â
Here's sheet music. Good luck ✌
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Beware of robber banks (RB), bad advisors.
  • #449,946
  • Feb 19, 2017 3:45pm Feb 19, 2017 3:45pm
Quoting Not-KPMG
{quote} Hi there. Guten Tag We have a church, a banner.... a gospel It's all going great over there in EuroUSDLand Come by and visit..... BUT There's a rule in my church to never buy pound So if you are buying..... start praying but outside !!! I'll reserve a bench, german sausages, beer.....bucket to hold your tears..... Here's sheet music. Good luck ✌ {image}
excellent post , Toranaga pardon our humor but i can't stop laughing ihihihihhhiiiiiihh

do not mention churches in this forum , the only church here is NKPMG church aka Bulls & Bears church

Toranaga have a look here http://www.forexfactory.com/showthre...23#post9552723
  • #449,947
  • Feb 19, 2017 3:48pm Feb 19, 2017 3:48pm
nice discussion, good to see everyone's views and ideas....

btw, pretty sure the all time low in cable is near 1.05....just saying...
Look Sharp/Trade Tight
  • #449,948
  • Feb 19, 2017 3:59pm Feb 19, 2017 3:59pm
i don't have any idea about future GBP/USD
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  • #449,949
  • Feb 19, 2017 4:00pm Feb 19, 2017 4:00pm
Quoting Mr Breakout
{quote} And how many pips do you want to extract from that transaction, assuming this 1.2219 level is indeed going to act as a support line?
not sure man, will depend on how we get down there, and how big my SL is....
Look Sharp/Trade Tight
  • #449,950
  • Feb 19, 2017 4:01pm Feb 19, 2017 4:01pm
Hello All, I have been reading but not participating in this thread for some time now. I am a newbie trader and currently conducting analysis for the GPB/USD pair. One thing is disturbing me slightly in that four different analyses by four different people show four different prices for the bottoms prices on the 6/7 Jan and the 16/17 February. How does this occur?
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  • #449,951
  • Feb 19, 2017 4:35pm Feb 19, 2017 4:35pm
Quoting Not-KPMG
{quote} Hi there. Guten Tag We have a church, a banner.... a gospel It's all going great over there in EuroUSDLand Come by and visit..... BUT There's a rule in my church to never buy pound So if you are buying..... start praying but outside !!! I'll reserve a bench, german sausages, beer.....bucket to hold your tears..... Here's sheet music. Good luck ✌ {image}
Nonsense my friend (just kidding ), here is the real Oh Happy Day, a fantastic song I used to enjoy back in the 70's:

Inserted Video
  • #449,952
  • Feb 19, 2017 4:55pm Feb 19, 2017 4:55pm
GBP/USD is now testing the neckline (1.2416) of that head and shoulders pattern on the 5-min (see my previous post http://www.forexfactory.com/showthre...33#post9574333 ).

I guess it's the last call for the (day-trade) short sellers...
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  • #449,953
  • Feb 19, 2017 5:58pm Feb 19, 2017 5:58pm
It smells a Buying Marabuzo long day without stop. haha careful
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #449,954
  • Feb 19, 2017 6:45pm Feb 19, 2017 6:45pm
Quoting Zircon
It smells a Buying Marabuzo long day without stop. haha careful
Not a chance my friend, not a chance.
  • #449,955
  • Feb 19, 2017 7:13pm Feb 19, 2017 7:13pm
I have the feeling that the cable is just going to waste our time with going-nowhere moves, at least until Tuesday.
Boring time ahead.
Attached Image
  • #449,956
  • Feb 19, 2017 7:19pm Feb 19, 2017 7:19pm
Quoting Mr Breakout
I have the feeling that the cable is just going to waste our time with going-nowhere moves, at least until Tuesday. Boring time ahead. {image}
That 5 minute pattern should get it to the 2370 ish area I believe, if it gets back thru the open , nothing big for sure but a pay the bills trade lol
  • #449,957
  • Feb 19, 2017 7:29pm Feb 19, 2017 7:29pm
Quoting Zircon
It smells a Buying Marabuzo long day without stop. haha careful
It was exactly that,,,, but,,, but,,,,,,,,,,, on the upside down version chart
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  • #449,958
  • Feb 19, 2017 7:29pm Feb 19, 2017 7:29pm
Quoting digger1
{quote} That 5 minute pattern should get it to the 2370 ish area I believe, if it gets back thru the open , nothing big for sure but a pay the bills trade lol
Yep, that 5-min Head and Shoulders is still valid. Next stop is 1.2370 or lower, I agree.

Heck if it could go to parity in the next hour I wouldn't mind either
  • #449,959
  • Feb 19, 2017 7:34pm Feb 19, 2017 7:34pm
Quoting Mr Breakout
{quote} Yep, that 5-min Head and Shoulders is still valid. Next stop is 1.2370 or lower, I agree. Heck if it could go to parity in the next hour I wouldn't mind either
Lol,
  • #449,960
  • Feb 19, 2017 8:35pm Feb 19, 2017 8:35pm
i expect GU to go up to 1.2460 or thereabout where the H4 10SMA is before a huge support smash move i will add some more sellers if it goes up as i have forecasted. i have TPs around 1.2366.
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