For a bounce play, I'd pick EURUSD going into FED. It fact that's the setup I've posted in my thread.
Break down of 1100 pending and a comeback into past 6 mnt range is almost guaranteed.
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Cable Update (GBP/USD) without Idiots 25 replies
cable short for gbpusd? 10 replies
Cable Update - Continued 105 replies
Why is GBPUSD called cable? 76 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
DislikedGBPUSD set to challenge prev lows near 1.21/1.20. Here's a note by ING. "With the new government rhetoric on the hard Brexit firming (Michael Gove’s comments that “no deal is now a very real prospect”) and the rising likelihood of early elections, sterling should remain under pressure and ahead towards EUR/GBP 0.95 / below USD/GBP 1.20 levels over the coming months if early elections materialize and the Conservative party under PM Johnson runs on a ticket of a divisive Brexit stance vs the EU," ING notes. Also options players prefer downside now...Ignored
Dislikeda decent bounce is in fact possible closer to 2100, but don't be a hero yet and try catching a falling knife. you fill likely blow up in a spectacular fashion.Ignored
DislikedIt's very risky now. It might have bottomed near term at 1.8834/36 and managing to rally beyond 1.90 again. And if someone expects this, he may not be wrong because stochastic made a positive cross, a doji plus a bullish candle but thats not too enough. Someone else might come.. and say no, It's going down. and he also has good reasons. Why? GBPUSD almost touch the 1.8967-65 resistance, and it might be a place to find plenty of sellers. Also the bullish candle didn't close above 1.8953 bearish candle open. rather closed at 1.8946 All in all..Bullish...Ignored
Disliked{image} that’s a big sell off . Look at the candle on the green line !! Are we going to see the same amount of pip drop .. the thing with cable is it always take any big move up or down right back ..Ignored
Disliked{quote} The pound free-falling isn't a good look for Boris. Not a good look at all!! Is it a stretch to suggest a Trump-like no' 10 Downing Street initiated rally?Ignored
Disliked{image}{quote} Yes and the more no deal is said the worse it could get ?? Just took a trade here with tight stop .Regards EIgnored
Disliked{quote} And no one in their right mind is going to allow a vote against the quality of their employment in the first week of the job if they have the power to do something about it, right? Because a continuing freefall could do irreparable damage to them, right?Ignored
Disliked{quote} He is a maverick. He could just turn the tables one never knows could it be BORIS THE TERRIBLE....or BORIS THE INCREDIBLE..Ignored
Disliked{quote} And no one in their right mind is going to allow a vote against the quality of their employment in the first week of the job if they have the power to do something about it, right? Because a continuing freefall could do irreparable damage to them, right?Ignored