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Cable Update (GBPUSD)

  • #459,961
  • May 2, 2018 11:21am May 2, 2018 11:21am
7PM tonight will be what decides if there is a reversal. The key will be how many expected rate rises are planned this year, anything less than the expected 4 will cause a reversal IMO
  • #459,962
  • May 2, 2018 12:02pm May 2, 2018 12:02pm
Quoting el_duende
7PM tonight will be what decides if there is a reversal. The key will be how many expected rate rises are planned this year, anything less than the expected 4 will cause a reversal IMO
The kind of reversal where you take a retrace position. Just thinking out loud 4 hours showing early next week for an up .. but lets wait for the fireworks ..
Attached Image (click to enlarge)
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  • #459,963
  • May 2, 2018 12:10pm May 2, 2018 12:10pm
I see the GBP/USD is under pressure and it is mixed for this week. Next week cable might go for correction until 1.3880 and maybe more for coming weeks. Selling at this time is not recommended. Bearish control is weaken. The light green lines are the correction targets on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm-m30-exness-ltd.png Size: 51 KB
  • #459,964
  • May 2, 2018 12:14pm May 2, 2018 12:14pm
long 1.3592

NO STOP. ( Means more than 100 pips )
Intraday only.
  • #459,965
  • May 2, 2018 12:16pm May 2, 2018 12:16pm
Quoting sponge
{quote} what's that?
daily time frame (chart)
  • #459,966
  • May 2, 2018 12:31pm May 2, 2018 12:31pm
Quoting Dr.Zain
{quote} Expecting the pair is goinn to visit 3575 this week or next!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-02 22.27.39.png Size: 67 KB
  • #459,967
  • May 2, 2018 12:50pm May 2, 2018 12:50pm
This is demo ( My live entries are little earlier 1.3592 )
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 55 KB
Intraday only.
  • #459,968
  • May 2, 2018 12:56pm May 2, 2018 12:56pm
bulls are waiting for yearly PP ~3050...
Anything is math!
  • #459,969
  • May 2, 2018 1:14pm May 2, 2018 1:14pm
well, .....

It looks tomorrow's NFP too is going to help further recovery in this Pair, GU.

Looks I had good long entry. Let us see. I want to ride it.
Intraday only.
  • #459,970
  • May 2, 2018 1:34pm May 2, 2018 1:34pm
Personally NFP on Fri should kick start things north once again for early nxt week.
For sure 136 will be re tested.
  • #459,971
  • May 2, 2018 1:42pm May 2, 2018 1:42pm
If today's close is above 1.3670, it good for longs. Break of 1.3588 will again put pressure.
Intraday only.
  • #459,972
  • Edited 2:04pm May 2, 2018 1:51pm | Edited 2:04pm
law of alternation

sharp drop normally followed by side way correction.

Nothing here to assume reversals.

Trend line dont change directions that way.
  • #459,973
  • May 2, 2018 2:23pm May 2, 2018 2:23pm
Big unusual moves today might be big boys clearing positions. 2720 will be hit but when it's a dangerous time for small stops , the only way to win in this type of market is if you get in move you stops until you break even and try to catch a few on the way .. 3550 could be the short target before a trend move long again so play it safe
  • #459,974
  • May 2, 2018 2:28pm May 2, 2018 2:28pm
Long
  • #459,975
  • May 2, 2018 2:29pm May 2, 2018 2:29pm
Quoting Neil0163
Long
Go for it!!!
  • #459,976
  • May 2, 2018 2:37pm May 2, 2018 2:37pm
Quoting Neil0163
Long

Oops.....
  • #459,977
  • May 2, 2018 2:40pm May 2, 2018 2:40pm
Quoting thejerre
{quote} Oops.....


Yup.... Hopefully that SL was tight....
  • #459,978
  • May 2, 2018 2:43pm May 2, 2018 2:43pm
Lol shot my self there didn’t i guys
  • #459,979
  • May 2, 2018 2:44pm May 2, 2018 2:44pm
Update for Bullish Traders
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm-m30-exness-ltd.png Size: 66 KB
  • #459,980
  • May 2, 2018 2:45pm May 2, 2018 2:45pm
Quoting Cwsjr
{quote} Yup.... Hopefully that SL was tight....
Yeah it was tight I was looking at DXY to turn from it’s supply zone. Seems more rally tomorrow and NFP to weaken the dollar
Attached Image (click to enlarge)
Click to Enlarge Name: 5C8066BE-2143-41D5-8C50-DDA257EC1AE4.png Size: 189 KB
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