Possible harmonic XABCD pattern. It could be safe to place sell stop order below point B.

EURUSD

Hi Abuawad, what time in GMT do you use for 4 hour bar to close?

Cable Update (GBPUSD)

Again the same level holds as yesterday, and there is also nice bullsh candle formation on H1.

Cable Update (GBPUSD)

On my indicator weekly pivot is on 1,9855.

Cable Update (GBPUSD)

bad news for UK, but we're now again on weekly pivot which holds yesterday, will it hold again?

Cable Update (GBPUSD)

Good morning everyone, there is possible to see some harmonic pattern today with test of the TL:

Cable Update (GBPUSD)

who take long at here

Cable Update (GBPUSD)

I think if that candle will close like this in half an hour, we could see some up move waiting for bad US data, signal could be stronger because of weekly pivot.

Cable Update (GBPUSD)

We are now on weekly pivot point @ 1,9855 and morning star is forming.

Cable Update (GBPUSD)

Hi, we could have possible ABCD continuation pattern formation. AB=CD now holds, D is exactly 161.8% of BC so it's harmonic and maybe it will hold. If not short all the way, on daily very strong evening star formation.

Cable Update (GBPUSD)

NEWS: The U.K. Treasury said Tuesday that the Financial Services Authority will probably propose that the limit for protected savings in the U.K. be raised to GBP50,000 from the current GBP35,000.

Cable Update (GBPUSD)

From USA we could see worst data, so GBP could go up.

Cable Update (GBPUSD)

now it looks like good place for short.

Cable Update (GBPUSD)

We could see some pullback maybe to 1,9980 area, but if cable brek point B then i think short all the way.

Cable Update (GBPUSD)

PMI news from GB will clear everything.

Cable Update (GBPUSD)

Thursday will tell everything, let's wait fo ECB and NFP.

EURUSD

Maybe it's time to go long?

EURUSD

I think that 2,0 level we will see in one or two days, then 2,0100 and then maybe down. Traders see that $$$ is only piece of ... paper and there is no plan that can help for USD.

Cable Update (GBPUSD)

Hi, what do you think about this? GBP/USD just broke the downtrend line, there is forming big harmonic pattern, and also first wave has the same lenght as the third, so maybe fifth will be longer?

Cable Update (GBPUSD)

Now this up wave have the same lenght as previous, if price will close below 50% of the last big up candle (red line) = short.

Cable Update (GBPUSD)