#GBPUSD / H4
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Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedGood day everyone, Just sharing my forecast. Let's see how the market unfolds, Safe trading and green pips to everyone! {image}Ignored
Disliked{quote} Hello Cash Farm, Thank for input and sharing your knowledge in this thread. Your experience here will prove to be useful to trading (especially for Newbie like me). You may even be more knowledgeable than you may know. Many famous traders have implied that their best trades were the hardest ones to enter. In my estimation, all trades are equally (or should be) hard to enter. When your sure you have an edge, that's when you're most vulnerable to a big surprise. That's why we need people like you for help and guide. Take Care Sang...Ignored
DislikedI think i have the best strategy for you guys: if i will go short, the marked is going long. If i will go long, the market will go short. Trust me guys!Ignored
DislikedHere's my take on the GBPUSD, from the technical perspective of a medium-term swing trader. Price action on the daily time frame is presently above an inner rising trendline (blue) from lows traceable to November 2, 2020, having moved away from an outer rising trendline (red) seen on the weekly time frame. Meanwhile, price action is sideways, producing ‘wicky’ tops as it tackles a minor horizontal resistance around the 1.42410 area (magenta). Should bulls maintain a strong influence in the market, we may see further northward push, but any bullish...Ignored
DislikedI'd be long gbp/usd, eur/usd, short usd/jpy. Eur/usd, and gbp/usd look like they're both gonna breakout above resistance while uj has been breaking down. This all makes sense with the recent breakdown in dollar futures and low usd rates. Just my 2 cents.Ignored
DislikedI trade price action not just lines. The lines are a guide and vary as market operation dictates. KP {quote}Ignored
Disliked{quote} agreed, trendlines are extremely unreliable to actually trade, however they do indicate areas/ zones of interest, where additional identifying techniques will fine tune the target trade zone :-)Ignored