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Cable Update (GBPUSD)

  • #459,901
  • May 1, 2018 8:24am May 1, 2018 8:24am
Quoting navk
The bleeding seem to have stopped at least for today.
Hehe seems to for now
  • #459,902
  • May 1, 2018 8:43am May 1, 2018 8:43am
Conviction for pullback also seems half hearted....
  • #459,903
  • May 1, 2018 8:53am May 1, 2018 8:53am
let the pullback sing...
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  • #459,904
  • May 1, 2018 9:04am May 1, 2018 9:04am
Just a hint we are going into a bull phase, sub 3599 to cancel imo
All charts/ideas based on UK time zone
  • #459,905
  • May 1, 2018 9:08am May 1, 2018 9:08am
Quoting sponge
Just a hint we are going into a bull phase, sub 3599 to cancel imo
bears still chase the bulls down to the frontier, IMO

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  • #459,906
  • May 1, 2018 9:16am May 1, 2018 9:16am
Quoting SweetRevenge
{quote} bears still chase the bulls down to the frontier, IMO {image}
Yes possible but looks like some interest from the bulls could be short lived
All charts/ideas based on UK time zone
  • #459,907
  • May 1, 2018 9:19am May 1, 2018 9:19am
Quoting SweetRevenge
let the pullback sing... {image}
close all at 1.3617

- edit

just the longs of pullback
  • #459,908
  • May 1, 2018 9:21am May 1, 2018 9:21am
Quoting sponge
{quote} Yes possible but looks like some interest from the bulls could be short lived
yeah, it needs to take a breath
  • #459,909
  • May 1, 2018 10:17am May 1, 2018 10:17am
see if the setup is in place for a long tomorrow or day after - long trade from here is way to easy so stop loss extended for sure on next trade
  • #459,910
  • May 1, 2018 10:25am May 1, 2018 10:25am
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lets see here if it bounces to continue
  • #459,911
  • May 1, 2018 10:32am May 1, 2018 10:32am
I think It's to early for a long now, it will remain bearish or little correction for upcoming two more days as everyone is waiting for US NFP and also greenback is still very strong at the moment. Also this week is still in favour of usd with lots of strong data.
Good luck.
  • #459,912
  • May 1, 2018 10:34am May 1, 2018 10:34am
Quoting dean1star
see if the setup is in place for a long tomorrow or day after - long trade from here is way to easy so stop loss extended for sure on next trade
I'm thinking 3617 is the bullish line atm, my signal indicator is still bullish but I'm not totally convinced yet
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All charts/ideas based on UK time zone
  • #459,913
  • May 1, 2018 10:50am May 1, 2018 10:50am
Quoting dean1star
see if the setup is in place for a long tomorrow or day after - long trade from here is way to easy so stop loss extended for sure on next trade

Good chance tomorrow if the US interest rate stays on hold and FOMC Statement isn't as hawkish as expected, there is talk of 4 hikes this year. We may see $ reversal. There will be some speculators betting on an early US rate rise this month although there is only a 10% chance according to most banks.

For now i've no open positions on G/U was looking again at S100 area 1.3570 for potentials longs.
  • #459,914
  • May 1, 2018 11:01am May 1, 2018 11:01am
Quoting el_duende
{quote} Good chance tomorrow if the US interest rate stays on hold and FOMC Statement isn't as hawkish as expected, there is talk of 4 hikes this year. We may see $ reversal. There will be some speculators betting on an early US rate rise this month although there is only a 10% chance according to most banks. For now i've no open positions on G/U was looking again at S100 area 1.3570 for potentials longs.
Yes agree 3565 on mine but 3720 has to be the resistance for any higher longs . So we are in a nice hedge zone her at 3616 area . Regards
  • #459,915
  • May 1, 2018 11:22am May 1, 2018 11:22am
Quoting sponge
{quote} I'm thinking 3617 is the bullish line atm, my signal indicator is still bullish but I'm not totally convinced yet {image}
The same need some convincing here to take the trade, that said i trust my 4 hour chart and its not calling it yet so perhaps a late trade on the long in a few days so we wait ..
  • #459,916
  • May 1, 2018 11:25am May 1, 2018 11:25am
Quoting el_duende
{quote} Good chance tomorrow if the US interest rate stays on hold and FOMC Statement isn't as hawkish as expected, there is talk of 4 hikes this year. We may see $ reversal. There will be some speculators betting on an early US rate rise this month although there is only a 10% chance according to most banks. For now i've no open positions on G/U was looking again at S100 area 1.3570 for potentials longs.
Likewise I can see its aiming towards the low side of the 130's so expecting to see a lower into 133 zone over time, that could be over a few months, you maybe right and it could jump like a rocket lol as it does so following you on the side lines and see how it plays, boring as hell but we play the game .. whole month ahead to make some pips
  • #459,917
  • May 1, 2018 1:48pm May 1, 2018 1:48pm
Quoting Ill-b-back
{quote} How aboutTODAY!!
quote} Expecting the pair is goinn to visit 3575 this week or next!!!
How aboutTODAY!!
I didn't think the pair was in such a hurry!!!!
  • #459,918
  • May 1, 2018 4:51pm May 1, 2018 4:51pm
Amazing drop on the GBPUSD to the 1.3600 level and below the 200 day EMA. The drop may continue to the 1.3500 level.
  • #459,919
  • May 1, 2018 10:13pm May 1, 2018 10:13pm
Looks to me as if it's gonna drop to at least 1.352 if it breaks through current resistance at 1.3595. That huge bearish bar absolutely slaughtered the trendline that has been going since march 2017, so this can't be insignificant. I'm going to be keeping a close eye on this just in case it shows its hand towards a beautiful bear play. However, it is very possible that I have missed something and would love to know if anyone has any tips/recommendations on the trade. Thanks!
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  • #459,920
  • May 1, 2018 10:20pm May 1, 2018 10:20pm
Quoting Jakob99
Looks to me as if it's gonna drop to at least 1.352 if it breaks through current resistance at 1.3595. That huge bearish bar absolutely slaughtered the trendline that has been going since march 2017, so this can't be insignificant. I'm going to be keeping a close eye on this just in case it shows its hand towards a beautiful bear play. However, it is very possible that I have missed something and would love to know if anyone has any tips/recommendations on the trade. Thanks! {image}
wait for the pull back to test the break point
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