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Cable Update (GBPUSD)

  • #457,421
  • Jan 4, 2018 8:01am Jan 4, 2018 8:01am
Quoting Trade-G
{quote} 1.3530 region as support for hourly support
Swing short out 1.3533
  • #457,422
  • Jan 4, 2018 1:39pm Jan 4, 2018 1:39pm
Quoting Ill-b-back
False break, Daily Schnauzer pattern still in play (although with a very Regal nose). Big dump coming I believe. Have a great new year everyone {image}
I think we are resting above the TL. We might just decide to keep plunkering north above 35 BRN.
Come with me if you want to live....
  • #457,423
  • Jan 4, 2018 2:47pm Jan 4, 2018 2:47pm
Looks set to go up.
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Intraday only.
  • #457,424
  • Jan 4, 2018 11:54pm Jan 4, 2018 11:54pm
Inserted Video
  • #457,425
  • Jan 5, 2018 12:11am Jan 5, 2018 12:11am
Quoting Ill-b-back
{quote} I think we are resting above the TL. We might just decide to keep plunkering north above 35 BRN.
Yep, very bullish
Come with me if you want to live....
  • #457,426
  • Jan 5, 2018 7:57am Jan 5, 2018 7:57am
1.36 is a resistance for now that might prove difficult to overcome, making the bears in control for now
Don't Worry Be Happy
  • #457,427
  • Jan 5, 2018 8:12am Jan 5, 2018 8:12am
My shorts seem to doing well. Short taken at 3580.
Intraday only.
  • #457,428
  • Jan 7, 2018 4:00pm Jan 7, 2018 4:00pm
Pound is considered to be one of the strongest currencies this year. Big if true.
  • #457,429
  • Jan 7, 2018 5:08pm Jan 7, 2018 5:08pm
Welcome to a new week. Cable was very reluctant of going bearish as price continuously refuse to break below the 1.3549 on the daily timeframe. We look towards a bullish continuation today and at the end of today's trade we should be able to see a clearer direction of price movement. Cheers.

MY TAKE.
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  • #457,430
  • Jan 7, 2018 5:20pm Jan 7, 2018 5:20pm
I want to say that the Long term expectation of Cable presently is Bearish for me but with price action going above the 1.3549. The price should like test the 1.3620 region again before a rally can pull it down south if the price hold around that region. Hopefully we pick a bearish momentum from around that region.
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  • #457,431
  • Jan 7, 2018 7:55pm Jan 7, 2018 7:55pm
I would consider 1.3585/90 as resistance.

Let us see if it breaks. I have short still running with stop above 1.3590.
Intraday only.
  • #457,432
  • Jan 7, 2018 8:16pm Jan 7, 2018 8:16pm
The bearish strength seems limited, even though the pair could not stay above 1.36 level, but there is still room on the upside. The immediate resistance can be found at 1.3615.
  • #457,433
  • Jan 7, 2018 8:32pm Jan 7, 2018 8:32pm
Quoting arigoldman
Pound is considered to be one of the strongest currencies this year. Big if true.
I agree. Once the brexit rumors resurface, this thing would be as erratic as it was at the end of last year all the while steadying climbing higher. Now is a good time to enter into a GBP long and HODL.
  • #457,434
  • Jan 7, 2018 9:11pm Jan 7, 2018 9:11pm
Quoting navk
I would consider 1.3585/90 as resistance. Let us see if it breaks. I have short still running with stop above 1.3590.
well, the price has heard my voice?
Intraday only.
  • #457,435
  • Jan 7, 2018 9:59pm Jan 7, 2018 9:59pm
Any shorts maybe good to 3450 area.
Then I'll be looking for reasons to go long.
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #457,436
  • Jan 8, 2018 12:29am Jan 8, 2018 12:29am
Inserted Video
  • #457,437
  • Jan 8, 2018 2:18am Jan 8, 2018 2:18am
Careful.....
  • #457,438
  • Jan 8, 2018 2:24am Jan 8, 2018 2:24am
Quoting Trade-G
{quote} Swing short out 1.3533
Back to scene of crime at 1.3530 region
  • #457,439
  • Jan 8, 2018 5:36pm Jan 8, 2018 5:36pm
Hello fellow traders,

Expecting zigzag down on h1.

Thanks

Attached Image (click to enlarge)
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"The markets can remain irrational longer than you can remain solv
  • #457,440
  • Jan 8, 2018 6:57pm Jan 8, 2018 6:57pm
I'm stuck with the bullish view (on Short term scenario). Watching from the D1 behavior and last 3 day closes. If S/R at 1.3549 still holds, we should have a bullish run for a while on short term. I still reserve a Long term seat for South-south ride; ONLY IF PRICE DROPS BELOW 1.3549 on D1.
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