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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

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?never follow my analyses!
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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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.
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
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.
Der Trader All Time Pips: 52,970
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
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
i don't have any idea about future GBP/USD
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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
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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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
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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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
Quoting Zircon
It smells a Buying Marabuzo long day without stop. haha careful
Not a chance my friend, not a chance.
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.
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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
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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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
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,
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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