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Cable Update (GBPUSD)

  • #459,961
  • May 2, 2018 9:21am May 2, 2018 9:21am
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 10:02am May 2, 2018 10:02am
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 10:10am May 2, 2018 10:10am
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)
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  • #459,964
  • May 2, 2018 10:14am May 2, 2018 10:14am
long 1.3592

NO STOP. ( Means more than 100 pips )
Intraday only.
  • #459,965
  • May 2, 2018 10:16am May 2, 2018 10:16am
Quoting sponge
{quote} what's that?
daily time frame (chart)
  • #459,966
  • May 2, 2018 10:31am May 2, 2018 10:31am
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 10:50am May 2, 2018 10:50am
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 10:56am May 2, 2018 10:56am
bulls are waiting for yearly PP ~3050...
Anything is math!
  • #459,969
  • May 2, 2018 11:14am May 2, 2018 11:14am
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 11:34am May 2, 2018 11:34am
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 11:42am May 2, 2018 11:42am
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 12:04pm May 2, 2018 11:51am | Edited 12:04pm
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 12:23pm May 2, 2018 12:23pm
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 12:28pm May 2, 2018 12:28pm
Long
  • #459,975
  • May 2, 2018 12:29pm May 2, 2018 12:29pm
Quoting Neil0163
Long
Go for it!!!
  • #459,976
  • May 2, 2018 12:37pm May 2, 2018 12:37pm
Quoting Neil0163
Long

Oops.....
  • #459,977
  • May 2, 2018 12:40pm May 2, 2018 12:40pm
Quoting thejerre
{quote} Oops.....


Yup.... Hopefully that SL was tight....
  • #459,978
  • May 2, 2018 12:43pm May 2, 2018 12:43pm
Lol shot my self there didn’t i guys
  • #459,979
  • May 2, 2018 12:44pm May 2, 2018 12:44pm
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 12:45pm May 2, 2018 12:45pm
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)
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