Cable Update (GBPUSD) | Page 22992 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #459,821
  • Apr 27, 2018 11:34am Apr 27, 2018 11:34am
Quoting hippiedog
{quote}
Green Pips hey HP
  • #459,822
  • Apr 27, 2018 1:42pm Apr 27, 2018 1:42pm
[quote=Squiggles;11007105]
Quoting Ill-b-back
ABCD next month to retest breakout and TL?? Congrats Sir Ill B, plenty of room below Yrly open{image}
Indeed Sir Sqiggles.
I'm now out of all trades for this month (although I'm quite sure I said that last week ).

Have a great weekend...


Come with me if you want to live....
  • #459,823
  • Apr 28, 2018 6:39am Apr 28, 2018 6:39am
Big drop this week in the pound, i believe we have reached support and next week a move up can be expected.
  • #459,824
  • Edited 6:47pm Apr 28, 2018 4:24pm | Edited 6:47pm
Quoting Ill-b-back
ABCD next month to retest breakout and TL?? {image} {image} {image} {image}
Then again there is always the potential for a much deeper drop.
A weekly retest above would be a good short think.
Watching PA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 31 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 33 KB
Click to Enlarge Name: GBPUSDWeekly2.png Size: 31 KB
Come with me if you want to live....
  • #459,825
  • Apr 28, 2018 9:17pm Apr 28, 2018 9:17pm
The Pound may try to correct to the upside, amid some profit taking, but the GBPUSD is still very weak and the pullback may be temporary. Therefore, the pair may fall back down and continue registering lower lows.
  • #459,826
  • Apr 29, 2018 2:04am Apr 29, 2018 2:04am
Gu is at 1.3938 now over the weekend?
  • #459,827
  • Apr 29, 2018 3:09am Apr 29, 2018 3:09am
Quoting Robst3r
Gu is at 1.3938 now over the weekend?
Really??
I wish I could short it NOW...

Just when I thought my trading month was over (again).
Come with me if you want to live....
  • #459,828
  • Apr 29, 2018 3:40am Apr 29, 2018 3:40am
http://www.bbc.co.uk/news/business-43933517

Should produce some demand for GBP as this is a huge merger.
  • #459,829
  • Apr 29, 2018 4:32am Apr 29, 2018 4:32am
Quoting el_duende
http://www.bbc.co.uk/news/business-43933517 Should produce some demand for GBP as this is a huge merger.
I dont see how it could, care to enlighten?
I look for value wherever it can be found
  • #459,830
  • Apr 29, 2018 4:38am Apr 29, 2018 4:38am
Quoting el_duende
http://www.bbc.co.uk/news/business-43933517 Should produce some demand for GBP as this is a huge merger.
Looloool it's a merger.

Now if American company buys a British company for billions yes it could impact the market as it gets linked on the exchange and demand for pound is there from the buyer. In this case it's a no for movement.

It's a merger not an acuisition.
  • #459,831
  • Apr 29, 2018 4:45am Apr 29, 2018 4:45am
Quoting synicz
{quote} I dont see how it could, care to enlighten?
Details are sketchy with the 15 Billion merger but it is between Sainsburys and ASDA (owned by Walmart a US company). 2 giants of the UK supermarket business.

Its suspected they will form a new company which will likely need Walmart,shareholders etc to exchange dollars for pounds.

There is an announcement tomorrow with more information on what the merger actually entails.
  • #459,832
  • Apr 29, 2018 5:36am Apr 29, 2018 5:36am
With any luck, a push to 4120 area will give a great shot for shorts
Come with me if you want to live....
  • #459,833
  • Apr 29, 2018 5:39am Apr 29, 2018 5:39am
Quoting el_duende
{quote} Details are sketchy with the 15 Billion merger but it is between Sainsburys and ASDA (owned by Walmart a US company). 2 giants of the UK supermarket business. Its suspected they will form a new company which will likely need Walmart,shareholders etc to exchange dollars for pounds. There is an announcement tomorrow with more information on what the merger actually entails.
Ahhh i see. Well, until the details are finalized. Acting on the information doesnt seem to good.
I look for value wherever it can be found
  • #459,834
  • Apr 29, 2018 1:46pm Apr 29, 2018 1:46pm
Here's a top-down technical analysis on GBPUSD.

On the daily time frame, price action has breached a support trendline (navy) from the low of November 3, 2017. But bears will have to contend with a series of barriers on the way down. For example, current price action is located around an ascending trendline from the high of September 2017 (green), which is acting as support. Besides, a major horizontal support is located around the 1.35710 area while the ascending trendline (chocolate) seen on the weekly time frame is a few pips below.

On the H4 time frame, price action was moving fast southward but the momentum has decreased, judging by the spatial relationship between the short-term MAs I use. Very much likely, a northward retracement is in the offing. A pullback to retest the high of last week (sandybrown) around the 1.40269 area or the broken support trendline (navy) seen on the daily time frame to turn it to resistance, is likely to give impetus for bears for a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1_29th_Apr.,_2018_Top-Down.png Size: 60 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4_29th_Apr.,_2018.png Size: 51 KB
Do your homework, follow the footprints of smart money
  • #459,835
  • Apr 29, 2018 7:41pm Apr 29, 2018 7:41pm
The pair has found immediate support at 1.3745, break below will confirm correction movement end and further decline ahead.
  • #459,836
  • Apr 29, 2018 8:45pm Apr 29, 2018 8:45pm
Inserted Video
  • #459,837
  • Apr 30, 2018 12:34am Apr 30, 2018 12:34am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 30_04_2018 , 14_33_51.png Size: 27 KB
  • #459,838
  • Apr 30, 2018 1:36am Apr 30, 2018 1:36am
Quoting SweetRevenge
{image}
What triggers your action to sell? It hasn't broken support yet

Edit: My bad, it is possible but i'll wait out imo. Too risky for me as I don't it will fall so soon without some correction. Good luck ^^
  • #459,839
  • Apr 30, 2018 1:52am Apr 30, 2018 1:52am
Quoting tunamelt
{quote} What triggers your action to sell? It hasn't broken support yet Edit: My bad, it is possible but i'll wait out imo. Too risky for me as I don't it will fall so soon without some correction. Good luck ^^

Well, the force of the bears quite intense IMO. If I must wait the low of March 1st to be broken (1.3710-is), may be I will be late for the momentum. In addition, I have my own method in marking the S/R zone which is not based on the wicks/shadows of the candle.
  • #459,840
  • Apr 30, 2018 2:00am Apr 30, 2018 2:00am
here it is the H4 S/R zone

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 30_04_2018 , 15_57_52.png Size: 37 KB


I only can sacrifice the Resistance zone above the current for the SL


As usual, nobody always right in the market ..
559 traders viewing now