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MA
MarcinO
Rep: 67
Posts: 5,506
Starting it off.
MA
MarcinO
Rep: 67
Posts: 5,506
79 and 75 are my support levels for ES.
BTW, Cable fell nicely off 25-30 zone.

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es 2016 08 16 png
RA
rat89
Rep: 0
Posts: 7,015
thanks marcin
Originally posted by MarcinO

Not really rat. I am focusing on intraday moves on GBPUSD pair, so I don't have any opinion on longer term moves, especially when it comes to USD against the basket of foreign currencies.
Originally posted by rat89

marcin, do you have an outlook on the usd?


DU
Duane
Rep: 100
Posts: 1,095
Short version, a bit higher and flush to new lows, Klassic Kane Pattern


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eurusd eurusd 8 16 aug 16 2058 pm 1 week png
MA
MarcinO
Rep: 67
Posts: 5,506
This ABCD may hold the Pound for some time, but I'd rather expect reaction of here, one more leg down and uptrend only then.

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6b 2016 08 17 png
MA
MarcinO
Rep: 67
Posts: 5,506
Yes. A very nice one.
Originally posted by Duane

Short version, a bit higher and flush to new lows, Klassic Kane Pattern
MA
MarcinO
Rep: 67
Posts: 5,506
And here comes the reaction.
1.3040 is my region to try shorting Cable again.


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6b 2016 08 17 2 png
MA
MarcinO
Rep: 67
Posts: 5,506
It broke above 40. 55-60 is my next area.
MA
MarcinO
Rep: 67
Posts: 5,506
It started to fall off 53. My areas are 1.2960, 40 and 15. One needs to be cautious at 1.33 too, where the Pound has already stopped twice today.
MA
MarcinO
Rep: 67
Posts: 5,506
I am not really sure, if the ES is done here or it requires one more push. Hopefully, it will be resolved before the open.

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es 2016 08 17 png
MA
MarcinO
Rep: 67
Posts: 5,506
Support for ES at 61-64.

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es 2016 08 17 2 png
MA
MarcinO
Rep: 67
Posts: 5,506
A little update. It turned out that 8/12/16 8:20 bar on M60 TF is screwed, which lead me to look at the wrong geometry.


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6b 2016 08 19 2 png