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Cable Update (GBPUSD)

  • #460,161
  • May 7, 2018 5:50am May 7, 2018 5:50am
Quoting elbert3
{image} we can see it hit resistance came down and hit resistance again so do we wait and saw what happens or add another short and stop at that last point .. if it goes over 3564 we could be looking at trend change !!!!!
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????
  • #460,162
  • May 7, 2018 6:08am May 7, 2018 6:08am
On the daily chart there is a clear pattern: double top. Target is 1.3300
  • #460,163
  • May 7, 2018 6:22am May 7, 2018 6:22am
Now it's on Monthly S1 (Monthly Pivot). Maybe this is sign of daily pulback.
  • #460,164
  • May 7, 2018 6:50am May 7, 2018 6:50am
Quoting ServerUang
Now it's on Monthly S1 (Monthly Pivot). Maybe this is sign of daily pulback.
or S2 is in the target...
Anything is math!
  • #460,165
  • May 7, 2018 7:07am May 7, 2018 7:07am
failed bullish pin, engulfing on the H1, for intraday -> stronger bears...
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Anything is math!
  • #460,166
  • May 7, 2018 7:15am May 7, 2018 7:15am
already red for the day
retest if 34858(friday low) more likely. jmo
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Manage Your Money-or-You Will Manage to Lose It
  • #460,167
  • May 7, 2018 8:06am May 7, 2018 8:06am
Quoting Kajos2250
failed bullish pin, engulfing on the H1, for intraday -> stronger bears... {image}
USA bulls on the floor, almost covered the failed bars. let us see can they catch it...
Attached Image (click to enlarge)
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Anything is math!
  • #460,168
  • May 7, 2018 9:56am May 7, 2018 9:56am
OK I just got paid finally, now off to bed...

If the bulls can now find support on the 1 hour then it looks like they will try to take out the 3606 bear support.
  • #460,169
  • May 7, 2018 2:55pm May 7, 2018 2:55pm
Quoting Dr.Zain
{quote} Expecting the pair is goinn to visit 3575 this week or next!!!
Last week & this week (today) pair touched 3575, this figure seems crucial, 3575 should be broken very loudly and boldly to change the trend!!!
  • #460,170
  • May 7, 2018 5:22pm May 7, 2018 5:22pm
Looks good for buy
Attached Image (click to enlarge)
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  • #460,171
  • May 7, 2018 6:10pm May 7, 2018 6:10pm
Still holding long positions from last week after re-entering
  • #460,172
  • May 7, 2018 7:11pm May 7, 2018 7:11pm
Well I don't know about you guys but I found yesterday to be a lot of hard work, price would just not run for any great distance before turning around again.

I kept getting stopped out sometimes for B/E sometimes a small loss and then a small win. Finally at 1502 chart time the 1 minute showed a tiny divergence which proved to be the biggest move of the day, though it moved more than 60 pips I was happy to take 30 and call it quits.

Now on the 1 hour I see the bulls have stopped the average from reaching 3501 so I assuming at this point the bears have reached their bottom and the bulls are beginning to claw back the lost ground. However the bulls have not as yet found support so we may have another troubling day today.
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  • #460,173
  • May 7, 2018 7:31pm May 7, 2018 7:31pm
Is it too obvious?
Resistance become support.
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  • #460,174
  • May 7, 2018 7:48pm May 7, 2018 7:48pm
Quoting Hairi
Is it too obvious? Resistance become support. {image}
Could be too soon to tell. Was UK banking holiday. Liquidity is sparse. Will be clear in a couple of hours
  • #460,175
  • May 7, 2018 9:59pm May 7, 2018 9:59pm
Should get ready to long... but do stay tuned to "NEWS" to place your entry... but my bias is long
  • #460,176
  • Edited May 8, 2018 1:10am May 7, 2018 11:35pm | Edited May 8, 2018 1:10am
I'm still very bearish on this based on the break of a major support. But we'll see.

Edit: Closed my sell then opened a buy. Scalp. Will open a sell once it hits previous support.
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Consistency.
  • #460,177
  • May 8, 2018 1:17am May 8, 2018 1:17am
Hahhahah scalped shorts closed hahha love cheap thrills
  • #460,178
  • May 8, 2018 1:21am May 8, 2018 1:21am
Quoting Trade-G
Hahhahah scalped shorts closed hahha love cheap thrills
I am with you in this way
A little beginner trader since 2006
  • #460,179
  • May 8, 2018 1:25am May 8, 2018 1:25am
As long as 1.3560 supported we might be doing a bigger pullback... lets see no position for now
  • #460,180
  • May 8, 2018 1:29am May 8, 2018 1:29am
I WOULD STAY SHORT GBP/USD UNTIL THE STOP-losses BELOW 1.3455 ARE CLEARED.

SELL GBPUSD AT 1.3578.
TARGET 1.3455
It's a big game.
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