Manufacturing PMI in the next 7 minutes

Cable Update (GBPUSD)

The last post on this thread was 4 hours ago. Time there was, when this thread was the most vibrant on the Forum. What could have happened? i don't want to believe it has something to do with Brexit

Cable Update (GBPUSD)

Nice work, you're doing. Please keep it up

Cable Update (GBPUSD)

You must have noticed that the 50p drop from mid BB/H4 as discussed yesterday has now played out. Arguably, what delayed it to this time was that yesterday's dovish comment by Brainard, the FOMC member that hurt the dollar. But I must also say that ...

Cable Update (GBPUSD)

Apparently you don't believe in Bollinger Bands (BB). 3305 is at mid-BB/H4 from south. In most of the cases, a 50 pip drop from here is normal. If it wouldn't the candle patterns will direct. In effect, it's somewhat early to declare longs from here. ...

Cable Update (GBPUSD)

[quote=darko2010;8348833]17 pages of nothing, ...... Well, the thread isn't entirely baseless. On a day like today when PA has been doing a yo-yo, particularly if you trade GU, like me, this kind of thread can assist you to fight boredom. At least, ...

Forex Dream Chasers - The 90% rule of randomness

... Now we'll see what the market has planned for us for this week. Honestly I don't see it going back to 1.56 or reaching 1.565 anymore, but you never know! ... I think you are right. H4 is showing both overt and hidden divergences

Cable Update (GBPUSD)

Tomorrow maybe but today I doubt. For me, 50 could be doable today

Cable Update (GBPUSD)

In other words, you have gotten you H4 close, as at now?

Cable Update (GBPUSD)

Fair enough. On the time, I feel you meant "in about1 hr and 45 mins" and not "in about 45 minutes"

Cable Update (GBPUSD)

With that Engulfer on H1, 5450 again today is unlikely

Cable Update (GBPUSD)

Of course, you are on target. After all these days, PA has eventually hit the mid Bollinger Band on W1. A long fall is definite from here

Cable Update (GBPUSD)

RSI (14) on H4 is still above 50. So, don't write off the bulls yet

Cable Update (GBPUSD)

PA is delicately poised at the moment. 2 bullish candles couldn't take out the last bearish candle on M15. Next candle might be the decider. Meanwhile, PA is still bullish on H4 and M15 has seen a hi-hi. Tough but patience is key

Cable Update (GBPUSD)

I also believe EMA 20 on H1 has a solid say on the direction of GU for the rest of the day

Cable Update (GBPUSD)

It's possible the reason behind PA cascading to 6213 from 6269 (56 pips) is to gather the momentum to close the gap

Cable Update (GBPUSD)

That bullish engulfing that closed at 6573 was a valid buy signal. The next candle which was bearish came off short and should prompt an entry for those who missed it earlier, especially as EMA cross overs are positive - EMA 5/ EMA 12, for instance. ...

GBPUSD technical and fundamental analysis

Won't be surprised. The gap was terminated by EMA50 on the weekly. That's a wake-up call for the bulls. PA is currently at EMA200 on M15. We should get a clue from here

Cable Update (GBPUSD)