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Cable Update (GBPUSD)

  • #454,501
  • Sep 1, 2017 1:09am Sep 1, 2017 1:09am
I am short, my target is 1.277, but I do not like that it is 5 day in a row in same line. Would not be surprised if it starts going up.
But today there are red GBP and USD news, so maybe there will be some action.

At least it showed that it does not like 1.297 level.

There is a trendline which acted as resistance also I believe, but with it resistance is going up.

Not sure what to do.

Plus trend down has to be lower highs. Are my green points telling that there is higher high, or it does not count because the left one is too small? WHen looking in the earlier chart when was uptrend, I can notice lower highs and only later followed higher highs.
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  • #454,502
  • Sep 1, 2017 1:27am Sep 1, 2017 1:27am
Quoting SPeedFANat1c
I am short, my target is 1.277, but I do not like that it is 5 day in a row in same line. Would not be surprised if it starts going up. But today there are red GBP and USD news, so maybe there will be some action. At least it showed that it does not like 1.297 level. There is a trendline which acted as resistance also I believe, but with it resistance is going up. Not sure what to do. Plus trend down has to be lower highs. Are my green points telling that there is higher high, or it does not count because the left one is too small? WHen looking...
Sure there will be spikes aplenty today . Solid bounce from weekly pivot and week open area ,now really trying to hold last weeks high , really think that previous high will get tagged ,, just took a little long from that area to try and get that last 2978 ish,,, Im kinda buy the dip mode atm lol, cheers
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  • #454,503
  • Sep 1, 2017 1:32am Sep 1, 2017 1:32am
1.2916 if support might be good for bulls
  • #454,504
  • Sep 1, 2017 1:32am Sep 1, 2017 1:32am
Quoting SPeedFANat1c
I am short, my target is 1.277, but I do not like that it is 5 day in a row in same line. Would not be surprised if it starts going up. But today there are red GBP and USD news, so maybe there will be some action. At least it showed that it does not like 1.297 level. There is a trendline which acted as resistance also I believe, but with it resistance is going up. Not sure what to do. Plus trend down has to be lower highs. Are my green points telling that there is higher high, or it does not count because the left one is too small? WHen looking...
Your green points are where price is poking into old support or resistance points ,,,,,,,,,all the uncertainty ,, may not be one exact point ,,,,, just areas
  • #454,505
  • Sep 1, 2017 1:38am Sep 1, 2017 1:38am
also interesting thing is the sentimetns:
https://www.dailyfx.com/sentiment 50 % long, http://www.myfxbook.com/community/outlook - 46% long.

As dailyfx says, they are doing the oposite of sentiment. So that means price getting high more likely.

only https://www.forexfactory.com/trades.php here is 51 % long, so price should go down. Overall probably not clear.
  • #454,506
  • Sep 1, 2017 1:40am Sep 1, 2017 1:40am
Quoting SPeedFANat1c
also interesting thing is the sentimetns: https://www.dailyfx.com/sentiment 50 % long, http://www.myfxbook.com/community/outlook - 46% long. As dailyfx says, they are doing the oposite of sentiment. So that means price getting high more likely.
Pretty even so pretty much a crap shoot lol
  • #454,507
  • Sep 1, 2017 1:46am Sep 1, 2017 1:46am
plus there are 3 bullish pinbars and 1 bearish.

GBP index still goes down.Maybe that was a correction.

Dollar index daily goes down. So that does not help GBPUSD go down.
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  • #454,508
  • Sep 1, 2017 1:48am Sep 1, 2017 1:48am
On a swing basis both H4 & H1 looks pretty bullish, as long as 1.290 region is support it favours bullish bias
  • #454,509
  • Sep 1, 2017 2:01am Sep 1, 2017 2:01am
Still holding long from 1.287 will if dump me or take to float with us data
  • #454,510
  • Sep 1, 2017 3:30am Sep 1, 2017 3:30am
still holding strong good... lets ride up.
  • #454,511
  • Sep 1, 2017 3:45am Sep 1, 2017 3:45am
mmmm....well that 15m candle after positive news is far from bullish...1.288 next
Its all just one persons opinion
  • #454,512
  • Sep 1, 2017 3:53am Sep 1, 2017 3:53am
Short for Today waiting for a push north before the News but staying short.
  • #454,513
  • Sep 1, 2017 4:21am Sep 1, 2017 4:21am
Quoting dean1star
Short for Today waiting for a push north before the News but staying short.
Kinda looking like mkt expecting a good number ,,,good to see ya man
  • #454,514
  • Sep 1, 2017 4:25am Sep 1, 2017 4:25am
yes it seems all waiting for NFP irrespective of uk manufacturing data
  • #454,515
  • Sep 1, 2017 4:35am Sep 1, 2017 4:35am
Quoting digger1
{quote} Kinda looking like mkt expecting a good number ,,,good to see ya man
How you keeping there Digger, kinda thinking an on par with the numbers at best but lets wait and see as per usual lol ..
ISM Manufacturing PMI should swing the move ..

129 720 was my short on a 61.8 fibs line a few days ago
Funny kinda see a 160 number on nfp which is below but running the fibs numbers so we stay short.
  • #454,516
  • Sep 1, 2017 5:37am Sep 1, 2017 5:37am
Quoting elbert3
{quote} {image} monthly candle opened now
we're in a tough spot

monthly still looking bearish , but weekly starting to look bullish lol

let's just trade one step at a time for now

ps: E. you're too busy throwing parties than watching cable as of now lol
  • #454,517
  • Sep 1, 2017 5:44am Sep 1, 2017 5:44am
Quoting digger1
{quote} Sure there will be spikes aplenty today . Solid bounce from weekly pivot and week open area ,now really trying to hold last weeks high , really think that previous high will get tagged ,, just took a little long from that area to try and get that last 2978 ish,,, Im kinda buy the dip mode atm lol, cheers {image}
buy the dip mode here as well atm during uk sess.

but on the sidelines as of now till nfp
  • #454,518
  • Sep 1, 2017 6:37am Sep 1, 2017 6:37am
nfp
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  • #454,519
  • Sep 1, 2017 6:43am Sep 1, 2017 6:43am
Pound start bullish run again. A big picture as
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  • #454,520
  • Sep 1, 2017 6:59am Sep 1, 2017 6:59am
Quoting Jack168
Pound start bullish run again. A big picture as {image}
Im ok with that as long as we get to 1.26 first...lol
Its all just one persons opinion
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