GBPUSD 13.09.2013

Hi all,


I'd like to update my view on GBPUSD. You can find my prev. post on Cable here
http://supamanfx.blogspot.com/2013/09/gbpusd-11092013.html

http://bit.ly/15ZFZsN - Weekly chart. Coming near to triangle boundary, now acting as resistance, and previous support now turning resistance @ 1.58255

http://bit.ly/18Twf6F - H4 chart

http://bit.ly/1au47c8 - H1 chart

So far, "hypothetical" wave I of Ending Diagonal is larger than Wave III, Wave IV larger than Wave II, and bearish divergence make me expect final top would be achieved below 1.58544

I'd consider breakdown of 1.5754 as early bearish signal. Only below 1.5684 would make me turn strongly bearish on Cable and conclude the top is in place.

This wave count is invalidate above 1.58544

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UPDATED: Cable has put a spinning top candle, meaning a halt in upside momentum. More downside movement and the break of aforementioned 1.5754 & 1.5684

http://d.pr/i/lJdk - daily chart


Please give your comment on this. Thank you


Supaman_fx

Duc

GBPUSD 11.09.2013

Hi all,


I'd like to update my view on Cable. You could find my prev. post on Cable here http://supamanfx.blogspot.com/2013/09/gbpusd-10092013.html

Look like the "Fat Lady" is moving as expected with wave iv of ED in place @ 1.5685. Expect the "Fat Lady" to top soon - might be within 1 day.

Key Support @ 1.5685. I'm bearish below this level.

http://d.pr/i/sRx1 - H1 Chart 

Please give your comment on this. Thank you


Supaman_fx

Duc

GBPUSD 10.09.2013

Hi all,

I'd like to share my view on Cable. IMHO, I view this market is close to an important top. I put the reasoning in the picture. Please have a look

http://d.pr/i/9O73 - H4

http://d.pr/i/kXkq - H1

Please give your comment on this. Thank you

Supaman_fx

Duc