pound breaking bad
bracing for the next two weeks on technicals
bracing for the next two weeks on technicals
Why is GBPUSD called cable? 68 replies
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
cable short for gbpusd? 6 replies
DislikedHH in H1 and swing formation at 5380's would act as a confirmation for this scenario.. I'm betting already.. {image}Ignored
DislikedI usually trade on a long term plan. My shorts on cable is at 1.54 level. my long on EJ is at 127 level. Take profit on cable is at 1.50 level and for EJ at 140. Good luck mate. {quote}Ignored
Disliked{quote} thanks mate! Forecasts in mediaserver.fxstreet.com is 1.5445 down to 1.5233, and if breakout then it will go down to 1.5123.Ignored
DislikedBetter than expected GDP figures proved to be a big mover, moving the rate over 160 pips after release.Ignored
Dislikedsuch consolidation have 2 reasons. 1 - Accumulation of more sell orders that are going against the trend to only keep pumping up. But looks less likely until a pull back, as its not very convincing for smart money to load more longs here. -> If seller keep doing a small stop loss kind of order at every new high, or use BE very quickly, his sell would become a buy upon stopped out. Thus adding more fuel to the rally. -> That's why fear and panic drives trend. 2 - Accumulation of late buyers, then to only swing it down when fundamental changes. Bull...Ignored
DislikedThere really can be no more opportunities to buy at this level after a 200 pip run. Need price to go to 5411 at least before can consider buy.Ignored