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Cable Update (GBPUSD)

  • #458,001
  • Feb 21, 2018 8:43am Feb 21, 2018 8:43am
What is it doing now? reacting to some upcoming news?
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  • #458,002
  • Feb 21, 2018 8:46am Feb 21, 2018 8:46am
Quoting Mr.Mike
What is it doing now? reacting to some upcoming news? {image}
Carney: Bank of England Inflation Reports currently on
Never Ever Give Up
  • #458,003
  • Feb 21, 2018 8:55am Feb 21, 2018 8:55am
Thanks Sumar. Interesting watching....
  • #458,004
  • Feb 21, 2018 9:02am Feb 21, 2018 9:02am
Well bad news for new home sales in US....
  • #458,005
  • Feb 21, 2018 9:04am Feb 21, 2018 9:04am
Quoting Mr.Mike
Thanks Sumar. Interesting watching....
You're welcome. Price action was going about normally, I think, until the negative US home sales data came out. I expected much more volatility like the last time they had these hearings
Never Ever Give Up
  • #458,006
  • Feb 21, 2018 9:09am Feb 21, 2018 9:09am
Well currenlty I'm bearish on the pair... My technicals keep indicating that it should go down & then there is "always" something that then turns it around again... Such is the life of the market!
  • #458,007
  • Feb 21, 2018 9:27am Feb 21, 2018 9:27am
How traders interpret and use their technicals can be critical to how well they do in the market. If your technicals don't align with your strategy and personality, you may find it difficult to achieve consistency.

KP
Do your homework, follow the footprints of smart money
  • #458,008
  • Feb 21, 2018 10:38am Feb 21, 2018 10:38am
For the GBPUSD pair, the market seems to be on the selling side. The candle for February 21, 2018 seems to be approaching the nearest support at 1.38107 region. I hope it gets there so that a new analysis can be conducted from that support. Please post your views
Thanks.
  • #458,009
  • Feb 21, 2018 1:00pm Feb 21, 2018 1:00pm
3....2.....1.....inition !......and liftoff !!.....trump want a week dollars....and the new dudde gonna serve his master...
  • #458,010
  • Feb 21, 2018 2:09pm Feb 21, 2018 2:09pm
3911 second time now, hopefully broken and tomorrow trades from there, that would be nice
  • #458,011
  • Feb 21, 2018 11:32pm Feb 21, 2018 11:32pm
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  • #458,012
  • Feb 22, 2018 12:57am Feb 22, 2018 12:57am
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Sold right after the false strenght initiated in FOMC.
Price action was very appealing as it pushed the price back below the hourly trendline.
Main reason of sell was the convergence with Euro, as it moved in tandem since the 16th it was unlikely that GBP would remain bullish when Euro couldn`t hold the 4h trendline.
  • #458,013
  • Feb 22, 2018 2:26am Feb 22, 2018 2:26am
I am selling the GBPUSD pair today with hopes that it gets to the 1.38107 support. Please share your views Thanks
  • #458,014
  • Feb 22, 2018 3:57am Feb 22, 2018 3:57am
Quoting Olabanji-Tex
I am selling the GBPUSD pair today with hopes that it gets to the 1.38107 support. Please share your views Thanks
I think to correct the price , 1.38107 good price for tp. and the reason for the positive outlook of the dollar, This is a good trade.good luck
Never despair
  • #458,015
  • Feb 22, 2018 4:18am Feb 22, 2018 4:18am
Yes, the Cable bearish but I dont think it has much momentum to go further down, long term investors who have a long-position are still holding their cards
  • #458,016
  • Feb 22, 2018 6:09am Feb 22, 2018 6:09am
possible that US session take price back to daily high and few pips above, that would be nice
from 3865, maybe

so I am guessing buying around 3865 and selling around 3922, we will see
  • #458,017
  • Feb 22, 2018 11:47am Feb 22, 2018 11:47am
yeah, still short in play I think, tomorrow maybe straight down, if just daily close is not too high, few hours left
  • #458,018
  • Edited 1:01pm Feb 22, 2018 12:37pm | Edited 1:01pm
Attachment g
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #458,019
  • Feb 22, 2018 9:42pm Feb 22, 2018 9:42pm
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  • #458,020
  • Feb 22, 2018 11:49pm Feb 22, 2018 11:49pm
Quoting Trade-G
M5 on a likely sideways until the range top or bottom gives, even if it clears the trendline resistance, it can just result in a sideways. On the larger timeframe an inside day with 1.3970 region as weekly support, it can range from here or unless bullish it should be decisive for a breakout {image}
Back to 1.3970 region, larger timeframe trendline support tested and hold on daily. Looking for clues on the lower timeframe, as long as 1.3922-30 region hold as support, looking if current setup will result in an upswing. failure of support may result to 1.3900 region being tested again and then 1.3800
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