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Cable Update (GBPUSD)

  • #459,661
  • Apr 22, 2018 10:46pm Apr 22, 2018 10:46pm
Inserted Video
  • #459,662
  • Apr 23, 2018 1:34am Apr 23, 2018 1:34am
Good move to the downside in the past week. I expect strong support at 1.38.
  • #459,663
  • Apr 23, 2018 2:40am Apr 23, 2018 2:40am
Nice to buy 1.3965
  • #459,664
  • Apr 23, 2018 2:49am Apr 23, 2018 2:49am
Quoting mahooo
Nice to buy 1.3965
Lol. Miracle man. whats the target you are looking at? Lol
  • #459,665
  • Apr 23, 2018 2:58am Apr 23, 2018 2:58am
Quoting D3v1lsh0ot3r
{quote} Lol. Miracle man. whats the target you are looking at? Lol
1.4120
  • #459,666
  • Apr 23, 2018 3:36am Apr 23, 2018 3:36am
I too am looking to buy but believe this will drop a bit further than 1.3965. There will be a load of stops around this level i'm sure need eating up first
  • #459,667
  • Apr 23, 2018 3:38am Apr 23, 2018 3:38am
Quoting mahooo
Nice to buy 1.3965
But what about upcoming US data
  • #459,668
  • Apr 23, 2018 4:25am Apr 23, 2018 4:25am
Looking longer term, (monthly candles), we are in a fairly well defined range.
Weekly is quite bearish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 22 KB
Click to Enlarge Name: GBPUSDMonthly1.png Size: 21 KB
Click to Enlarge Name: GBPUSDMonthly2.png Size: 29 KB
Come with me if you want to live....
  • #459,669
  • Apr 23, 2018 4:28am Apr 23, 2018 4:28am
Quoting mahooo
{quote} 1.4120
Lol. Green pips to you. Still waiting if I can get any buy setup on low timeframe
  • #459,670
  • Apr 23, 2018 5:03am Apr 23, 2018 5:03am
Maybe 3912ish could give a smidge of temporary support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 30 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 32 KB
Come with me if you want to live....
  • #459,671
  • Apr 23, 2018 5:16am Apr 23, 2018 5:16am
Quoting D3v1lsh0ot3r
{quote} Lol. Green pips to you. Still waiting if I can get any buy setup on low timeframe
GL my friend
  • #459,672
  • Apr 23, 2018 5:30am Apr 23, 2018 5:30am
Imho, the technical outlook on this pair is bearish; the weekly and daily tfs are synced for this. The only thing that is likely to effect a change is market's perception of any strong fundamentals. And this is likely to be temporary.

Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #459,673
  • Apr 23, 2018 6:00am Apr 23, 2018 6:00am
http://www.bbc.co.uk/news/uk-politics-43860453

This story isn't in the forex Factory calendar but on Thursday UK parliament will vote on the custom union issue. Not a legally binding vote but will shed a light on how strong PM Mays influence/government is.

Has the potential to move the market considerably IMO.

One to be aware of
  • #459,674
  • Apr 23, 2018 6:09am Apr 23, 2018 6:09am
Quoting el_duende
http://www.bbc.co.uk/news/uk-politics-43860453 This story isn't in the forex Factory calendar but on Thursday UK parliament will vote on the custom union issue. Not a legally binding vote but will shed a light on how strong PM Mays influence/government is. Has the potential to move the market considerably IMO. One to be aware of
Nice. Thanks for the heads up.
  • #459,675
  • Apr 23, 2018 7:36am Apr 23, 2018 7:36am
All in TP 1.4120
  • #459,676
  • Apr 23, 2018 7:48am Apr 23, 2018 7:48am
Quoting mahooo
All in TP 1.4120
All in, why???
so confident that it will reach 1.4120?
  • #459,677
  • Apr 23, 2018 8:06am Apr 23, 2018 8:06am
Quoting Robst3r
{quote} All in, why??? so confident that it will reach 1.4120?
Just my opinion
  • #459,678
  • Apr 23, 2018 10:52am Apr 23, 2018 10:52am
It's staying at pivot now
Attached Image (click to enlarge)
Click to Enlarge Name: 2018_04_23_23.02.37.jpg Size: 204 KB
  • #459,679
  • Apr 23, 2018 1:16pm Apr 23, 2018 1:16pm
Quoting mahooo
{quote} Just my opinion
Why take all the risk?
  • #459,680
  • Apr 23, 2018 1:19pm Apr 23, 2018 1:19pm
Currently GU long with two positions, 1.3933 and 1/5th @ 1.3944, will be covering the remaining of my position at 1.3965 & 1.3982.
TP 1.4, SL below current low 1.3915
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