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Cable Update (GBPUSD)

  • #458,041
  • Feb 23, 2018 5:12am Feb 23, 2018 5:12am
Quoting Trade-G
Nice bullish setup on the lower timeframe lets see
Setup did not pan out likely to reverse direction.... lets see 1.3920 region
  • #458,042
  • Feb 23, 2018 5:15am Feb 23, 2018 5:15am
WOW! What caused that spike down?
Never Ever Give Up
  • #458,043
  • Feb 23, 2018 5:16am Feb 23, 2018 5:16am
Quoting chaoshydra
WTF ? lost 50 pip in 10 seconde..... and then rise up..... someone know what MPC Member Ramsden is going to say....
Wilder swings are coming man....
  • #458,044
  • Feb 23, 2018 5:18am Feb 23, 2018 5:18am
Quoting sumar
WOW! What caused that spike down?
My view is bullish setup did not pan out, anyhow the larger timeframe has yet confirmed its all bearish... so lets see
  • #458,045
  • Feb 23, 2018 5:21am Feb 23, 2018 5:21am
I'm thinking we've got a bottom in one of the GBP pairs with this spike. I reckon it's GBPUSD. Next few hours would tell. If it doesn't break lower, we'd likely see 1.40 today.
  • #458,046
  • Feb 23, 2018 5:23am Feb 23, 2018 5:23am
Positions are revealed.. big players will not let it go below139.
  • #458,047
  • Feb 23, 2018 5:30am Feb 23, 2018 5:30am
Cable is still bearish, largely. But the price action is still operating in a triangle on the H4 time frame.

KP
Do your homework, follow the footprints of smart money
  • #458,048
  • Feb 23, 2018 5:31am Feb 23, 2018 5:31am
Quoting Trade-G
{quote} 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
1.3970 previous support now seems resistance...
  • #458,049
  • Feb 23, 2018 5:32am Feb 23, 2018 5:32am
1.3883 if failed should confirmed bearish
  • #458,050
  • Feb 23, 2018 5:32am Feb 23, 2018 5:32am
3951 and 3911 levels to watch
  • #458,051
  • Feb 23, 2018 5:36am Feb 23, 2018 5:36am
Trying to make sense of cable at the moment is driving me bonkers bonkers. Bonkers.
Gone to a better place
  • #458,052
  • Feb 23, 2018 5:36am Feb 23, 2018 5:36am
i hate when Dow tech is not respected.... that mean the HF bots are lost...
Attached Image
  • #458,053
  • Feb 23, 2018 5:37am Feb 23, 2018 5:37am
See attached chart. A breakdown of triangle support is likely to lead to a bearish momentum.

Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Tech_Update_H4_23rd_Feb.,_2018.png Size: 42 KB


Quoting KeenPips
Cable is still bearish, largely. But the price action is still operating in a triangle on the H4 time frame. KP
Do your homework, follow the footprints of smart money
  • #458,054
  • Feb 23, 2018 5:37am Feb 23, 2018 5:37am
Quoting smikester
Trying to make sense of cable at the moment is driving me bonkers bonkers. Bonkers.
just regular stop hunting nothing to see.
  • #458,055
  • Feb 23, 2018 5:41am Feb 23, 2018 5:41am
Quoting Ananas
{quote} just regular stop hunting nothing to see.
that PA is far from regular this all week is completely fcked PA wise across all USD pairs
  • #458,056
  • Feb 23, 2018 5:44am Feb 23, 2018 5:44am
Quoting mades
{quote} that PA is far from regular this all week is completely fcked PA wise across all USD pairs
Its going to get worse, so only intraday with tight stops will do...
  • #458,057
  • Feb 23, 2018 5:51am Feb 23, 2018 5:51am
....
Attached Image (click to enlarge)
Click to Enlarge Name: itsatrap.jpg Size: 106 KB
  • #458,058
  • Feb 23, 2018 5:56am Feb 23, 2018 5:56am
Testing previous M5 swing low at 1.3970 region and now testing previous trendline resistance for bullish setup
  • #458,059
  • Feb 23, 2018 5:57am Feb 23, 2018 5:57am
Quoting KeenPips
See attached chart. A breakdown of triangle support is likely to lead to a bearish momentum. Trade safe and prosper. KP {image} {quote}
I like the chart. The problem I have is that on the weekly we are still bullish and your triangle looks like a pennant. Not a very pretty pennant, because the weekly momentum didn't look that great. I would take an upside break for sure.
Gone to a better place
  • #458,060
  • Feb 23, 2018 5:58am Feb 23, 2018 5:58am
Quoting Trade-G
1.3988 needs to be cleared for any upside.... am done for the day.... best to all....
hai mate...
i’m so lucky got out same as u mate..
just see what have happen to cable
just for a cup of coffee...
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