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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

Nala66 Aug 2, 2018 9:24pm | Post# 463281

We have a feeble support on the 5 min I am long from3016 with a stop at 3013 very tight.

Nala66 Aug 2, 2018 9:36pm | Post# 463282

Stopped out..No follow through at all.

Nala66 Aug 2, 2018 9:47pm | Post# 463283

Well if it not long it must be short so I just got my money back...

akim0895 Aug 2, 2018 10:10pm | Post# 463284

{quote} just sold the 3057
close here for +50pips
lets one more run

Nala66 Aug 2, 2018 10:12pm | Post# 463285

Looks like the bears are going to go for the 2987 price level as the average breaks the 3011 level

Ill-b-back Aug 2, 2018 10:31pm | Post# 463286

1 Attachment(s)
If not yet short, a spike up to daily candle reaction zone would a good area to think about for shorts.


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akim0895 Aug 2, 2018 10:55pm | Post# 463287

If not yet short, a spike up to daily candle reaction zone would a good area to think about for shorts. {image}
already shorts also can adds more n more

Nala66 Aug 2, 2018 11:02pm | Post# 463288

1 Attachment(s)
Looking at my daily chart...Yesterday was a impulse bar dragging the average to make the LL. I would expect price to reach 2910 before any attempt to move back upwards.

However we are also at a double bottom divergence so we need to be careful...
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fontu Aug 3, 2018 12:59am | Post# 463289

Looking at my daily chart...Yesterday was a impulse bar dragging the average to make the LL. I would expect price to reach 2910 before any attempt to move back upwards. However we are also at a double bottom divergence so we need to be careful... {image}
Thanks for good analysis, below Sr but in buy zones, it may continue below 2900 towards 1.2864 close srs. We must take care in action anyside. Fontu

Ill-b-back Aug 3, 2018 2:18am | Post# 463290

{quote} already shorts also can adds more n more

LetsTrade Aug 3, 2018 2:55am | Post# 463291

At 1,3010 for 40 minutes. Which will it go? Inverted head and shoulders on 5 minute chart?

Don96 Aug 3, 2018 3:32am | Post# 463292

1.29875 may give another bounce, if not then watching 1.2973/43/29

I am short so I will hedge around these levels

thir13enth Aug 3, 2018 3:33am | Post# 463293

Waited for a week to reach this level, so happy we're here. 2985 is even in sight now. Will keep selling the rallies as long as PA doesn't visit 3070-80 area. EU's 1635 should start blocking upward momentum.
Nothing beats the feeling of PA hitting your TPs. Lol
have a nice weekend y’all. Careful for pullbacks.

akim0895 Aug 3, 2018 3:36am | Post# 463294

{quote} Nothing beats the feeling of PA hitting your TPs. Lol have a nice weekend y’all. Careful for pullbacks.
congrats mate
i want to hold mine
what will happen nfp later today

interludebay Aug 3, 2018 3:37am | Post# 463295

Anyone seeing the light at the end of the long tunnel? Yesterday's data for GBP were really good but nothing happened with the trend - instead it went down even with US data a bit of a downer.

linhnv Aug 3, 2018 3:48am | Post# 463296

Sold @314, SL @318, TP @300. Risk 40 pips, gain 140 pips. Enough for me this week, I stay away from NFP

Have a nice weekend y'all.

LetsTrade Aug 3, 2018 3:49am | Post# 463297

1.29875 may give another bounce, if not then watching 1.2973/43/29
Not bouncing at 1.29875 ie. it's lingering and picking up the energy to bounce down to 1.2964?

Nala66 Aug 3, 2018 3:55am | Post# 463298

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theDHT Aug 3, 2018 4:37am | Post# 463299

2 Attachment(s)
at the risk of sounding like a crazy person, im gonna post my Cable chart; i dont see anything to support this pair till ~124

this short may be the best trade for Q3, seems like theres NO love for sterling. whats especially interesting is that despite the rate hike yesterday (first one in a LONG time), and Gov Carney saying that they would need to do more, GBP just fell through the floor

if anyone here sees a zone for strong technical support (and a bullish case), please share

i see nothing but downside, and if today at NFP we get even a small pullback it would be a super place to short the shit out of this guy

my 2 cents

H4
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Daily
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alirelax Aug 3, 2018 4:37am | Post# 463300

1 Attachment(s)
usd index (2018/08/03)
sell att: 95.10/95.25
tp:94.30
sl:95.50

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