Hey PT, if you look at the hourly chart, cable is trying to bounce off the 200EMA at 1.5286 (also the 55EMA on the 4hour) since it fomed a bullish cross-over formation on Monday. If it breaks that level, I am expecting 1.5269 (200EMA 4hour).

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Thanks, Fini! When you speak, I listen. I'll check those out. Daily on cable shows 1.5413 as target but not 100% sure. Godim's chart shows 1.5376. The CCI shows extremely overbought levels in hourly chart. Decisions, decisions...... I'm ...

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It depends. I use 55 and 200 EMAs on all TF. When either one "coincides" (diverges) with a EW or MM level, coupled with overbought/sold CCI and RSI, the probability of reversing is maximized. I try to sideline myself when none of these signals shows ...

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Hi godim, I'm still hoping this will hit 1.5521-1.5531 one day in order to complete the weekly 55EMA level. What is your take on this pair in the medium term?

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Hi Milam....you're absolutely right. They're all over this site, not doing the legwork, not learning their OWN tradin strategy. I am always trying to learn from other people's strategy (Infinitus and Forexcube are two of them I follow) and see if ...

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Both CCI and RSI are in extremely oversold territory....1 hr

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I got 2 supports: 1.5310 (1hr 200EMA) and 1.5291 (Daily 55EMA)

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1 hr. Now its heading down to the 200 EMA at 1.5312 (cable).

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You're right, godim. Funny,....this also happens to be the 55EMA (same thing with cable). I beginning to be pessimistic about these pairs going north since PA have knocked on this line 3 times already in the past few hours.

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Fini, this pair is looking kinda fugly.....it seems like its all over the place.

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I think we are here on cable (maybe someone can validate the EW count on this): image image image Weekly might try to reach the 55EMA of 1.5537....both RSI and CCI still has room for another leg up Daily has hit the 200EMA of 1.5440 but will ...

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Cable just bounced off 1.5440 on the daily 200EMA line.... It looks like it has reached its goal for now.

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This might top out at 1.5328 and resume the downtrend.....

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Thanks!

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F-cube, what do you mean by LOM? Are you expecting this to pass the 1.5733 high a month ago?

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On the GBPUSD daily, the 1.54ish level which is a 50% fib level might be the start of W3 all the way down to 1.42 at least.

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Right on the money if I read your cable chart correctly, Godim. The 1.5259 - 1.5263 level is sitting at the 200EMA on the hourly....I'm expecting either a 20-50pip bounce there or a continuation of an uptrend to 1.5525 maybe (but this with less ...

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You must know Mostafa Belkhayate and his interesting indicators then? Quite easy to follow, difficult to setup.....it was sapping my computer of its memory.

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