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pipfarm replied Apr 14, 2020Bear in mind price does not have to go back to old support/ new resistance, there is no guarantee when trading a corrective move and in a strong down trend it is more likely to gap away from the old support new resistance
Cable Update (GBPUSD)
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pipfarm replied Apr 14, 2020Based on hourly , the last swing high and low has been taken out with the current move up retesting the previous swing high, does suggest the price is going down , waiting confirmation of reversal of the current up swing
EURUSD only
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pipfarm replied Apr 14, 20202700 might be pushing it, 2623 looks like the target, bear in mind this whole hourly trend is corrective as it has not reversed the previous downtrend yet.
Cable Update (GBPUSD)
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pipfarm replied Apr 14, 2020RESULT!!!! image Asian session and trading the same swing from the 15 minute image
Cable Update (GBPUSD)
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pipfarm replied Apr 13, 2020Missed the long this morning, would expect it to go higher image
Cable Update (GBPUSD)
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pipfarm replied Apr 9, 2020Keep selling, im a buyer until market shows otherwise
Cable Update (GBPUSD)
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pipfarm replied Apr 9, 2020Going to 1.2680 buy all dips minor swings on the way
Cable Update (GBPUSD)
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pipfarm replied Apr 8, 2020Would like to see those minor swings start to trend up to confirm long, otherwise could still go to the 2250 area image
Cable Update (GBPUSD)
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pipfarm replied Apr 8, 2020Re adjusted my trend line around 1.2250 is the old resistance becomes new support , looks like this is where the hourly minor trend is headed, from there ishall wait before deciding as yesterdays minor swing high has put a spanner in the works for ...
Cable Update (GBPUSD)
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pipfarm replied Apr 8, 2020Could retest the lower horizontal trend line or break out long above angled trend line image
Cable Update (GBPUSD)
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pipfarm replied Apr 7, 2020Looks like the trend might be reversing to long , as the old support and resistance has been take out
Cable Update (GBPUSD)
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pipfarm replied Apr 6, 2020Very sad news , Get Well Soon Boris The price was heading down anyway, there is always a trigger its just sad that it had to be Boris, still i do not short cable as i have not since the crisis started , i was merely posting my analysis..
Cable Update (GBPUSD)
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pipfarm replied Apr 6, 2020See why i stayed short since thursday , primary trend (blue) is the main trend of any time frame or market and it also has a relationship to the daily but that is way more advanced to explain now. Reds trends are intermediate and the trends formed ...
Cable Update (GBPUSD)
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pipfarm replied Apr 6, 2020Look for the books technical analysis of stock trends edwards and magee and technical analysis explained martin pring
Cable Update (GBPUSD)