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

mielshall Mar 14, 2017 6:36am | Post# 450901

GBPUSD Analysis Mid-term Trend is bullish targeting 1.2235 as the first target which if broken the pair will be heading to 1.2260 then 1.2300. On the other hand, any daily close below the latest bottom at 1.2133 GBPUSD will continue its Long-term down trend. Recommendation: No trades for now
Bulls failed to defend the support level at 1.2133 after yesterday's bounce from the resistance level at 1.2235. For today the pair should be heading downward towards 1.2100 which if broken 1.2036 will be my next short term target.

Recommendation:

Buy @ 1.2133 with a stop loss at 1.2233 target 1.2033

pipsy7 Mar 14, 2017 7:28am | Post# 450902

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{quote} ------- still TP2 @21257 , TP3 @20907 , TP4 will post L8R {image}
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TP4 @20677 = imho

ATM =
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digger1 Mar 14, 2017 7:37am | Post# 450903

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{quote} Took my stops finally but i'm not convinced so have re-entered long at 1.2135 stops 1.2032 take profit 1.2365. Thankfully took some profit from 1.2165 to 1.222.
You May have reentered at a retest of last weeks low, , there is a weekly level and a quarterly level 7-8 pips above your stop, those are very likely to get tagged , not saying it will be to the pip so make sure you are ready for it to get to your stops ,,,,, you know how the market works ,,,,, turns just after it hits your stops Click to Enlarge

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digger1 Mar 14, 2017 7:39am | Post# 450904

could bounce to 2163 but dont really see that at the moment

digger1 Mar 14, 2017 7:48am | Post# 450905

The retest was not in a good way to long lol, retest as in drop thru it and has come back to test it and is starting to slide below it again

lucvoia Mar 14, 2017 7:50am | Post# 450906

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My target for 2017.
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digger1 Mar 14, 2017 7:52am | Post# 450907

Be a big day for it to get to your stops today ,,,,,,,,but it could be a whole lot closer by the end of the day

DonMalaya Mar 14, 2017 8:07am | Post# 450908

im buying GU now at 1.2130 with Stop 35point

Fader123 Mar 14, 2017 8:14am | Post# 450909

Would expect NY to jump on any pull backs
Nothing like a shock to move things.
Got in last night
FOMC tomorrow. Will need to double check but would expect more pressure on the pound.

digger1 Mar 14, 2017 8:24am | Post# 450910

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{quote} Took my stops finally but i'm not convinced so have re-entered long at 1.2135 stops 1.2032 take profit 1.2365. Thankfully took some profit from 1.2165 to 1.222.
The pattern on the daily is still valid till head gets taken out ,,,,,,,,,,,, chances of it being successful are dwindling tho, notice where yesterdays bounce ended , what got used for support where buyers stepped in in a big way is now resistance could still bounce anywhere in here , but more than likely it is going to take a lower major level ,,,,,,, Last quarters low or quarterly L3 would be spots to be looking for bounces , cheers all Click to Enlarge

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pipsy7 Mar 14, 2017 8:38am | Post# 450911

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FWIW =
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digger1 Mar 14, 2017 8:40am | Post# 450912

Would expect NY to jump on any pull backs Nothing like a shock to move things. Got in last night FOMC tomorrow. Will need to double check but would expect more pressure on the pound.
yep, kinda watching the 2163ish area not sure its gonna have the zing to make it there tho

digger1 Mar 14, 2017 9:28am | Post# 450913

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My target for 2017. {image}
Well your almost there lol,,,,,,,, these arent really targets, rough projections from the bear flags ,,,,if and when last quarters low was to be taken out with a decent retest , these would be areas I would be watching for longer term longs this quarter , be a lot of ups and downs between now and then tho if that where to happen... Click to Enlarge

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DonMalaya Mar 14, 2017 9:41am | Post# 450914

im buying GU now at 1.2130 with Stop 35point


lucvoia Mar 14, 2017 9:52am | Post# 450915

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@DIGGER1.
First will come back to your QH1 (strong R), and after will go to 1.20. Just wait art.50 )
My target will be 1.10 , but after Scottish independence , target will hit 1.10
I just wait Irish referendum. target 1.000 and next 0.90
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Marianne Mar 14, 2017 10:43am | Post# 450916

Some are waiting for the perfect entry in this and risk to miss 100 pips. It went trough several support areas as it yday went through several resistant areas and lots missed that too. News last night that it Brexit went through the parliment may trigger the last stops and might also be change of positions. The RSI is now 20. it is not the time to sell this as for only 14 days ago the RSI was 70 and 1.2575 before it turned and was expected. The news yday from Sctotland is not new. The acceptance in the parliment was expected. Scotland will not vote for this before 2018. There are also other News coming up abouth elections tmrw in Netherlands and later in France. This could strengten the GBP. So is the deal or noe deal With EU. It can take years after artikel 50 is trigged before it has reached a deal. It is so much unceartanity at the moment. Most People are short in euro because they have no fait in the EU system. This could really boost the GPB and already it has declined 20% At a moment this will Return . It is no difference in news at 1.2575 only 14 days ago but the RSI was different.

Some think that UK will fall into a big dark hole not beeing in the EU but forget that EU is more dependent on UK. Uk imports more. Uk is important for EU.It will be reached a deal. Talks abouth no deal is part of negotiations With EU

pipsy7 Mar 14, 2017 10:57am | Post# 450917

Some are waiting for the perfect entry in this and risk to miss 100 pips. It went trough several support areas as it yday went through several resistant areas and lots missed that too. News last night that it Brexit went through the parliment may trigger the last stops and might also be change of positions. The RSI is now 20. it is not the time to sell this as for only 14 days ago the RSI was 70 and 1.2575 before it turned and was expected. The news yday from Sctotland is not new. The acceptance in the parliment was expected. Scotland will not vote...
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= thx for ur time + sharin !

Marianne Mar 14, 2017 11:07am | Post# 450918

http://www.cheatsheet.com/business/t...tml/?a=viewall


The most competive country in the world is Switzerland not a EU member. I have also found Norway on a simular list also not a EU member.We are very happy not to be a member . We are always ranked as the best place to live. EU is not everything

Germany will not stop selling cars to the UK which I think is on the most important European market for Germany. Great Britan is the worlds 6 biggest economy. UK is important for EU and that why EU is shivering that more countries will follow UK.

digger1 Mar 14, 2017 11:08am | Post# 450919

@DIGGER1. First will come back to your QH1 (strong R), and after will go to 1.20. Just wait art.50 ) My target will be 1.10 , but after Scottish independence , target will hit 1.10 I just wait Irish referendum. target 1.000 and next 0.90 {image}
I hear you, should be some good trades with the volatility for sure

digger1 Mar 14, 2017 11:29am | Post# 450920

Would expect NY to jump on any pull backs Nothing like a shock to move things. Got in last night FOMC tomorrow. Will need to double check but would expect more pressure on the pound.
Took a couple shorts from 2160, out of them now, caught a lot of the big drop earlier , little divergence showing up on the daily stochs , these may go yet , but good enough for the day, let it sort out and check later , trade safe all


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