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Cable Update (GBPUSD)

  • #453,421
  • Jul 3, 2017 12:55am Jul 3, 2017 12:55am
Quoting csc2009
Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.
Seems the pair is consolitating above 2985,if breaks this figuer can go to 2950, alternatively towards 3065!!!!!
  • #453,422
  • Jul 3, 2017 2:15am Jul 3, 2017 2:15am
short time with 1.3030-38 SL
  • #453,423
  • Jul 3, 2017 2:26am Jul 3, 2017 2:26am
Quoting Dr.Zain
{quote} Seems the pair is consolitating above 2985,if breaks this figuer can go to 2950, alternatively towards 3065!!!!!
hope so towards 1.2755 areas before bo/test 1.3102 for real target 1.3502, ok test if previous top 1.3045 or 8o also . take care . fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #453,424
  • Jul 3, 2017 3:33am Jul 3, 2017 3:33am
Quoting josh11
12970 is a high prob target GL
Target hit
  • #453,425
  • Jul 3, 2017 3:36am Jul 3, 2017 3:36am
My tp : 1.2945
Lost in Narrative
  • #453,426
  • Jul 3, 2017 5:23am Jul 3, 2017 5:23am
Quoting R4sh
My tp : 1.2945
Looks tp is going to hit, when? now or in US session...GL
  • #453,427
  • Jul 3, 2017 6:15am Jul 3, 2017 6:15am
Quoting Dr.Zain
{quote} Looks tp is going to hit, when? now or in US session...GL
This baby is going down at least 50 pips more so rest easy.
Read in between the price!!!
  • #453,428
  • Jul 3, 2017 6:17am Jul 3, 2017 6:17am
Hope we all are milking GU today.

Attached Image
Read in between the price!!!
  • #453,429
  • Jul 3, 2017 6:19am Jul 3, 2017 6:19am
Quoting Dr.Zain
{quote} Looks tp is going to hit, when? now or in US session...GL
NOW
Lost in Narrative
  • #453,430
  • Jul 3, 2017 7:23am Jul 3, 2017 7:23am
Oh oh, looks like support is holding on the 1hr chart, if this goes back all the way, it could break previous resistance, hmm.
Read in between the price!!!
  • #453,431
  • Jul 3, 2017 7:48am Jul 3, 2017 7:48am
Quoting calebfx
Oh oh, looks like support is holding on the 1hr chart, if this goes back all the way, it could break previous resistance, hmm.
let's see if the support holds on US open :-)
  • #453,432
  • Jul 3, 2017 8:11am Jul 3, 2017 8:11am
Quoting calebfx
Oh oh, looks like support is holding on the 1hr chart, if this goes back all the way, it could break previous resistance, hmm.
Previous resistance 3030 or 3065?
  • #453,433
  • Jul 3, 2017 8:20am Jul 3, 2017 8:20am
Quoting Dalchow
{quote} let's see if the support holds on US open :-)
Market Talk:---
Bank of England interest rate rise would be a policy error and eventually cause sterling to fall, not rise. Although the pound may initially spike higher, the market "should quickly realise the negative consequences" of the decision, which would likely exacerbate sterling selling, "Brexit puts UK a world away from cyclical normality." Raising rates in an "already difficult economic and political outlook" would risk worsening picture.
Sterling may fall to 1.20!!!!!!
Pound Rallied on BOE's Governor's speach that QE will be reduces gradually and Rate hike is imminant for the economy!!!
  • #453,434
  • Edited 9:57am Jul 3, 2017 8:28am | Edited 9:57am
Quoting calebfx
Oh oh, looks like support is holding on the 1hr chart, if this goes back all the way, it could break previous resistance, hmm.
Support 2945 looks Resistance ftb!!!
  • #453,435
  • Jul 3, 2017 9:58am Jul 3, 2017 9:58am
Quoting josh11
{quote} Target hit
well done mate

Cheers
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #453,436
  • Jul 3, 2017 6:27pm Jul 3, 2017 6:27pm
Attached Image (click to enlarge)
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#Trade what you see and not what your think
  • #453,437
  • Jul 3, 2017 7:17pm Jul 3, 2017 7:17pm
So on the 1 hour the bears were able to stop the average making a high to form a roll over and find a small support at 2975 which now becomes bullish resistance.

The low was a touch of the average on the 4 hour so we are still in bullish territory there.

All in all it was an easy day again to catch 20 pips.

Now you may have noticed that if the average high or low is going to be broken then it is most often preceded by a power bar.
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  • #453,438
  • Jul 3, 2017 9:15pm Jul 3, 2017 9:15pm
Quoting Dr.Zain
{quote} Support 2945 looks Resistance ftb!!!
Sorry had a busy day just placed trades posted and disappeared so whatever I reply right now is after the fact but I hope you had a great trading day mate.
Read in between the price!!!
  • #453,439
  • Jul 4, 2017 12:41am Jul 4, 2017 12:41am
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  • #453,440
  • Jul 4, 2017 4:40am Jul 4, 2017 4:40am
What do you guys think?
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