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Cable Update (GBPUSD)

  • #452,001
  • Apr 12, 2017 2:55am Apr 12, 2017 2:55am
Quoting Crown
{quote} GU made good bounce today buddy. Hoping for more momentum up. https://www.youtube.com/watch?v=avFq9errZCk {image}
Yes, we are in same Page!
  • #452,002
  • Apr 12, 2017 4:21am Apr 12, 2017 4:21am
What do we make of the news? Cable in a very tight range here.

https://flipfloptrader.com
flipfloptrader forum
  • #452,003
  • Apr 12, 2017 4:40am Apr 12, 2017 4:40am
I assume that the price will reach the point of 1.25409. And it tests the resistance line and if the price has enough strength, it will pierce it and move further upwards. I believe that the price after reaching the resistance line to go down to the point of 1,24775.
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  • #452,004
  • Apr 12, 2017 6:30am Apr 12, 2017 6:30am
Quoting Zakhar13
I assume that the price will reach the point of 1.25409. And it tests the resistance line and if the price has enough strength, it will pierce it and move further upwards. I believe that the price after reaching the resistance line to go down to the point of 1,24775. {image}
That channel you drew seem to me you are currently sell bias, as it shows what u want to see in my view, but carefully connecting those tops will clearly show the true downward trend line and it was broken yesterday. Although I very well agree that 1.2550 region remains a strong resistance that must be broken to proceed higher
  • #452,005
  • Apr 12, 2017 3:00pm Apr 12, 2017 3:00pm
It could drop from here as 1.2490 has a very high prob of return to point. GL
  • #452,006
  • Edited 3:48pm Apr 12, 2017 3:36pm | Edited 3:48pm
Quoting elbert3
{quote} If that 1 hour Carrys on lily it is its buying off support ?? No ?? 2470 would be great I have see cable do this before and would not be surprised where it goes 2540 would be unbelievable Regards E
2540 thank you will it bounce 43
  • #452,007
  • Apr 12, 2017 4:03pm Apr 12, 2017 4:03pm
Took a short . Have to watch triple top 4 hour
  • #452,008
  • Apr 12, 2017 6:26pm Apr 12, 2017 6:26pm
Good morning all.

Anyone in this for the longer term will be happy to know the 4 hour has a target of 2737!

(1 hr chart) However we shorter term traders will have to be content with the 2558/2563 level because there are three things to halt price a little. Further progress would require a reconfirmation of support and that means a pull back of sorts. Price is still strongly in advance of its average so a slowing of price action will give the average time to catch up.

When we finally break the resistance at 2563 then the next target becomes 2653.

I see no shorts as yet on the 1 hour chart though there may be a few small scalps on the lowest time frames.
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  • #452,009
  • Apr 12, 2017 7:07pm Apr 12, 2017 7:07pm
that was a quick decline. Short now
  • #452,010
  • Apr 12, 2017 8:02pm Apr 12, 2017 8:02pm
Quoting Nala66
Good morning all. Anyone in this for the longer term will be happy to know the 4 hour has a target of 2737! (1 hr chart) However we shorter term traders will have to be content with the 2558/2563 level because there are three things to halt price a little. Further progress would require a reconfirmation of support and that means a pull back of sorts. Price is still strongly in advance of its average so a slowing of price action will give the average time to catch up. When we finally break the resistance at 2563 then the next target becomes 2653....
Howdy all ,,,,, just got in busy day,,,,,,,,good call N66 , just trying to get caught up here
  • #452,011
  • Apr 12, 2017 8:03pm Apr 12, 2017 8:03pm
Quoting elbert3
{quote} 2540 thank you will it bounce 43
You too E ,,
  • #452,012
  • Apr 12, 2017 8:06pm Apr 12, 2017 8:06pm
Currently sitting at last weeks high and the quarterly open wouldnt be surprised to see a pull back here,,,,,,may take a bit but would short a spike to 2560 ish if it comes
  • #452,013
  • Apr 12, 2017 8:08pm Apr 12, 2017 8:08pm
Looks to be a few pairs sitting at some good quarterly levels
  • #452,014
  • Apr 12, 2017 8:10pm Apr 12, 2017 8:10pm
G'day Digger...Thanks, Told ya to trust me, now about that used car only got 300K on the clock

The 5 min chart has a good target but it is dragging its heels.
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  • #452,015
  • Apr 12, 2017 8:22pm Apr 12, 2017 8:22pm
Quoting Nala66
G'day Digger...Thanks, Told ya to trust me, now about that used car only got 300K on the clock The 5 min chart has a good target but it is dragging its heels. {image}
Lol,, well it worked ,, I set some orders just bout 9 pips above your stop level ,,,,, they didnt all get filled but the ones that did turned out well,,,,,,,couldnt stay awake long enough to watch lol
  • #452,016
  • Apr 12, 2017 8:25pm Apr 12, 2017 8:25pm
If ya like buying things the geppy may be one to take a peek at at the moment ,,,,,,sitting near quarterly low ,,,,, would watch for a good buy set up ,,,,,lots of room to the upside there
  • #452,017
  • Apr 12, 2017 8:26pm Apr 12, 2017 8:26pm
Just looking at the AJ news coming up,,,,
  • #452,018
  • Apr 12, 2017 8:30pm Apr 12, 2017 8:30pm
Here we go, cable tested last week high!

big problem waiting Cable

yellow +0.5 and Aqua +1.0

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finding leg to kick her ass
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  • #452,019
  • Apr 12, 2017 8:32pm Apr 12, 2017 8:32pm
Quoting Nala66
Just looking at the AJ news coming up,,,,
oh yea thanks for the reminder
  • #452,020
  • Apr 12, 2017 8:35pm Apr 12, 2017 8:35pm
Quoting Nala66
Just looking at the AJ news coming up,,,,
(AJ) Wow that went quick I just about got 20 pips..18 actually.

That covers my beer money for this coming weekend.
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