Careful,careful...
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Cable Update (GBPUSD)
- #452,783
- Edited 8:36pm May 26, 2017 10:35am | Edited 8:36pm
{quote} I remain bullish on monthly. still waiting for 1H 1.2776... hedge the highs huge area of consolidation building between 1.3 and 1.27 viewed on 4H... I think this is the final countdownhttps://www.youtube.com/watch?v=9jK-NcRmVcw {image} {image}
if i could play the guitar.... ?
i would need braces for my teeth....
1711141131131
.xyz
hope you all took it...
enjoy some JH
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FREEDOM IS SECURITY.
- #452,784
- Edited 11:40am May 26, 2017 10:38am | Edited 11:40am
- Joined Sep 2008 | Status: Trader | 2,383 Posts
{quote} {quote} Heading to 2770/75!!!!
Exactly 2775!!!
- #452,790
- May 27, 2017 7:13pm May 27, 2017 7:13pm
will be watching price next few weeks....
this TL is $$$$$$$$$$$$$$$$$$$$$$$$$
ITS CALLED THE ALL TF TL
the bulls may get the bears to mine for any remaining dumb money but thats about all....
above TL BULLS
below TL BULLS USING BEARS TO MINE...
get it got it good
this TL is $$$$$$$$$$$$$$$$$$$$$$$$$
ITS CALLED THE ALL TF TL
the bulls may get the bears to mine for any remaining dumb money but thats about all....
above TL BULLS
below TL BULLS USING BEARS TO MINE...
get it got it good
FREEDOM IS SECURITY.
- #452,795
- May 29, 2017 1:57am May 29, 2017 1:57am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's a weekly technical outlook on the GBPUSD.
The pair has been primarily on the decline since April 2014. On the weekly time frame, price action is respecting a descending trendline (in chocolate colour) from the high of 2014. Price action in the past five weeks was sideways around a significant resistance zone and some pips shy of the 23.6 Fib retracement zone of the drop from the high of April 2014 to the low of 2017. Any northward move is likely to target the next resistance zone around the 1.33470 area. However, as last week’s candlestick is relatively bearish and bigger than the preceding candlestick – which was bullish – there is a possibility of a further southward move to at least test the ascending trendline (navy colour) from the low of January 2017, which is acting as the immediate support. A break of the trendline will expose the 1.23434 handle, which was the origin of a rally in April.
I may be wrong. Trade safe and prosper.
KP
The pair has been primarily on the decline since April 2014. On the weekly time frame, price action is respecting a descending trendline (in chocolate colour) from the high of 2014. Price action in the past five weeks was sideways around a significant resistance zone and some pips shy of the 23.6 Fib retracement zone of the drop from the high of April 2014 to the low of 2017. Any northward move is likely to target the next resistance zone around the 1.33470 area. However, as last week’s candlestick is relatively bearish and bigger than the preceding candlestick – which was bullish – there is a possibility of a further southward move to at least test the ascending trendline (navy colour) from the low of January 2017, which is acting as the immediate support. A break of the trendline will expose the 1.23434 handle, which was the origin of a rally in April.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #452,796
- May 29, 2017 2:02am May 29, 2017 2:02am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
If you are tracking EURGBP, here's a weekly technical outlook on the pair.
The pair has been mainly on an upward move since October 2015. On the weekly time frame, after a 32.8 Fib retracement of the swing from the low of October 2015 to the high of October 2016, price action entered a period of consolidation (indicated in the khaki coloured rectangle) and an ascending trendline from the low of October 2015 respected. Price action in the last two weeks saw the bulls in control, indicated by relatively big bullish candlesticks. As the price action last week was near the immediate resistance zone around the 0.87744 area, momentum for further upward move may be limited. However, should price action breach the area to the upside, the immediate target is likely to be around the 0.88550 area.
I may be wrong. Trade safe and prosper.
KP
The pair has been mainly on an upward move since October 2015. On the weekly time frame, after a 32.8 Fib retracement of the swing from the low of October 2015 to the high of October 2016, price action entered a period of consolidation (indicated in the khaki coloured rectangle) and an ascending trendline from the low of October 2015 respected. Price action in the last two weeks saw the bulls in control, indicated by relatively big bullish candlesticks. As the price action last week was near the immediate resistance zone around the 0.87744 area, momentum for further upward move may be limited. However, should price action breach the area to the upside, the immediate target is likely to be around the 0.88550 area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #452,797
- May 29, 2017 2:07am May 29, 2017 2:07am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
If you are tracking GBPNZD this week, here's a weekly technical outlook on it.
The pair is on a descending mode. On the weekly time frame, a descending trendline from the high of August 2015 is respected by price action. Four weeks ago, price action paused in an area close to the trendline and was followed by two doji-like candlesticks which indicated a lack of upward commitment. Last week, a relatively big bearish candlestick was formed on the weekly time frame which further validated the descending trendline and gave credence to the intent of sellers to control the market. A likely target of a further bearish drive is the immediate support around the 1.79557 area.
I may be wrong. Trade safe and prosper.
KP
The pair is on a descending mode. On the weekly time frame, a descending trendline from the high of August 2015 is respected by price action. Four weeks ago, price action paused in an area close to the trendline and was followed by two doji-like candlesticks which indicated a lack of upward commitment. Last week, a relatively big bearish candlestick was formed on the weekly time frame which further validated the descending trendline and gave credence to the intent of sellers to control the market. A likely target of a further bearish drive is the immediate support around the 1.79557 area.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #452,798
- May 29, 2017 2:16am May 29, 2017 2:16am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #452,799
- May 29, 2017 2:19am May 29, 2017 2:19am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money
- #452,800
- May 29, 2017 2:24am May 29, 2017 2:24am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money