Morning all.
As for cable i need close on 1 hr above 4934 for more up(break of 1 hr gann)We are above 4 hr gan so 1 hr and 4 hr should be together and in same direction.
Ichimoku on 1 hr we are in cloaud and that is bad place for trades.Price need s to go above 4995 on 1 hr chart and close to go long on that indicator.
As for fibs we have that 23 at 5050 which was good resistance and good for shorts for 5 times.So close above that on 4 hr is good sign for up to .If we make fibs little diffrent then 38 fib is that 5050 area(second fib chart)
I use 50 ema as trend direction,so on 1 hr and 4 hr chart we are oposit on that 1 too as for gann.So i need close above 1 of them for clear direction.
Remeber we still have daily bulish divergance in progres and momentum is still below 0 but daily gann is waiting for test at 5157 for now.
In short i will wait to see which way will 4 hr and 1 hr gann go.I think more likly up to daily gann.
Today UK primeminister had some nice words on their thinking of UK bailout plan,but today US decide what will be with citigruop so.. will see
see ya all
As for cable i need close on 1 hr above 4934 for more up(break of 1 hr gann)We are above 4 hr gan so 1 hr and 4 hr should be together and in same direction.
Ichimoku on 1 hr we are in cloaud and that is bad place for trades.Price need s to go above 4995 on 1 hr chart and close to go long on that indicator.
As for fibs we have that 23 at 5050 which was good resistance and good for shorts for 5 times.So close above that on 4 hr is good sign for up to .If we make fibs little diffrent then 38 fib is that 5050 area(second fib chart)
I use 50 ema as trend direction,so on 1 hr and 4 hr chart we are oposit on that 1 too as for gann.So i need close above 1 of them for clear direction.
Remeber we still have daily bulish divergance in progres and momentum is still below 0 but daily gann is waiting for test at 5157 for now.
In short i will wait to see which way will 4 hr and 1 hr gann go.I think more likly up to daily gann.
Today UK primeminister had some nice words on their thinking of UK bailout plan,but today US decide what will be with citigruop so.. will see
see ya all