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Cable Update (GBPUSD)

  • #460,601
  • May 18, 2018 3:48am May 18, 2018 3:48am
Few target for bulls in the way. If 1.3540 is surpassed, the risk to break below 1.3450~1.3460 will be low at least this week.
Attached Image (click to enlarge)
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  • #460,602
  • May 18, 2018 4:01am May 18, 2018 4:01am
Looking to go long today should be worth 100 pips plus some change ..
  • #460,603
  • May 18, 2018 4:01am May 18, 2018 4:01am
Hopefully, the uptrend will continue until 1.3545 and above today.
Attached Image (click to enlarge)
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  • #460,604
  • May 18, 2018 4:06am May 18, 2018 4:06am
For anyone on the short side of the trade, my first target is 1.3450, second target 1.3420.

Good luck all.
  • #460,605
  • Edited 7:01am May 18, 2018 6:47am | Edited 7:01am
Cable rebound from 1.3472. Bulls still need to push the cable above 1.3505 to accelerate buying orders.
Great report and analysis in the following link:
https://www.fxcm.news/2018/05/18/gbp...low-1-35-mark/
  • #460,606
  • May 18, 2018 6:56am May 18, 2018 6:56am
Quoting TheWealth
Cable rebound from 1.3472. Bulls still need to push the cable above 1.3505 to accelerate buying orders.
Pardon my asking... I am a newbie here who has been following this thread for a while now. How do you mean accelerate buying orders.. Is that a strike price for some buyers?
  • #460,607
  • May 18, 2018 9:14am May 18, 2018 9:14am
GBP/USD looks like it's ready for an upward move at current market price around 1.3460.
  • #460,608
  • May 18, 2018 12:14pm May 18, 2018 12:14pm
GBPUSD takes time way too long to the target , that's not what i expect
wasting my margin to trade other pair... 11 days in sideway mode ...
oh man ..
I hope monday will save me by gapping down..
  • #460,609
  • May 18, 2018 1:51pm May 18, 2018 1:51pm
Quoting me.mariner
GBPUSD takes time way too long to the target , that's not what i expect wasting my margin to trade other pair... 11 days in sideway mode ... oh man .. I hope monday will save me by gapping down..
May want to think about closing that short buddy
  • #460,610
  • May 18, 2018 1:53pm May 18, 2018 1:53pm
Well Monday's news doesn't look all that exciting, more sideways to down.

Time projection still saying 23rd May unless we get a new daily low or Harry files for a divorce
All charts/ideas based on UK time zone
  • #460,611
  • May 18, 2018 1:53pm May 18, 2018 1:53pm
Again GU in a demand zone and dollar index at supply zone both starting to round off I’ve highlighted this with blue lines
Attached Image(s) (click to enlarge)
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  • #460,612
  • May 18, 2018 2:12pm May 18, 2018 2:12pm
GBP Tuesday inflation report Wednesday CPI. looks like a bit of a holiday for CAC/DAX on Monday so maybe 23rd is a good pointer who knows
All charts/ideas based on UK time zone
  • #460,613
  • May 18, 2018 5:16pm May 18, 2018 5:16pm
Quoting me.mariner
GBPUSD takes time way too long to the target , that's not what i expect wasting my margin to trade other pair... 11 days in sideway mode ... oh man .. I hope monday will save me by gapping down..
Could well happen.
I see relevant PA on 1hr and daily, suggesting more downside to a 3393 target.
Attached Image(s) (click to enlarge)
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Come with me if you want to live....
  • #460,614
  • May 19, 2018 4:25am May 19, 2018 4:25am
Seeing strong odds for GU to trade down to 1.31 zone in next 5 - 8 weeks
  • #460,615
  • May 19, 2018 9:09am May 19, 2018 9:09am
Monday, likely the Price will fall below 1.3450.

Then one can long for 60 to 70 pips. Exact entry for long based on your own system.
Intraday only.
  • #460,616
  • May 19, 2018 10:45am May 19, 2018 10:45am
Quoting Neil0163
{quote} May want to think about closing that short buddy
i'm taking that as a consideration my friend.
thank you to remind me. cheer.
  • #460,617
  • May 19, 2018 10:49am May 19, 2018 10:49am
Quoting Ill-b-back
{quote} Could well happen. I see relevant PA on 1hr and daily, suggesting more downside to a 3393 target. {image} {image}
my short target to level 1.341144 (50pts from PA)

Attached Image
  • #460,618
  • Edited 8:53pm May 19, 2018 8:19pm | Edited 8:53pm
Weekly trend>>> down
Daily trend>>> down


Fake attempts to rise and fall back again.
First time in 14 years that GB has red monthly candle closing in April.
Ascending channel was broken three weeks ago, and the traditional target of the channel is pointing at 1.3230 or more.
And Some still call for a Buy !!!! I guess they will only sell when the target is reached.
  • #460,619
  • May 20, 2018 3:46pm May 20, 2018 3:46pm
Here's a technical perspective on GBPUSD. On the daily timeframe, the series of wicky candlesticks formed since two weeks’ ago produced a consolidating horizontal channel with a bearish tone. The bearish tone could be seen in the candlesticks formed on Thursday and Friday last week, leading to the break of a support trendline (black) seen on the weekly time frame. Although there is technical support for further southward move this week, price action may pullback to retest the high of the pinbar formed on Thursday last week (around 1.35620) or even last week’s high (around 1.36240) before a southward turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #460,620
  • May 20, 2018 4:10pm May 20, 2018 4:10pm
I am bearish on this pair. However, I will wait for price action to pull back northward to a significant area of value, perhaps to around 1.35620/1.36240, before looking for a sell trading opportunity.

KP

Quoting KeenPips
Here's a technical perspective on GBPUSD. On the daily timeframe, the series of wicky candlesticks formed since two weeks’ ago produced a consolidating horizontal channel with a bearish tone. The bearish tone could be seen in the candlesticks formed on Thursday and Friday last week, leading to the break of a support trendline (black) seen on the weekly time frame. Although there is technical support for further southward move this week, price action may pullback to retest the high of the pinbar formed on Thursday last week (around 1.35620) or even...
Do your homework, follow the footprints of smart money
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