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Cable Update (GBPUSD)

  • #461,881
  • Jul 9, 2018 3:12am Jul 9, 2018 3:12am
GBPUSD H1 Sell att 1.3335/1.3345 TP:1.3275 SL:1.3380
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 383 KB
  • #461,882
  • Jul 9, 2018 3:15am Jul 9, 2018 3:15am
Heres the thing, it closes the gap at open hence there is no reason but all reason to go up lets look for clues...
  • #461,883
  • Jul 9, 2018 3:16am Jul 9, 2018 3:16am
Quoting alirelax
GBPUSD H1 Sell att 1.3335/1.3345 TP:1.3275 SL:1.3380 {image}
Wow your stops are huge...
  • #461,884
  • Jul 9, 2018 3:19am Jul 9, 2018 3:19am
close long n shorts at 1.3345sL 30pips
just for a cup of coffee...
  • #461,885
  • Jul 9, 2018 3:22am Jul 9, 2018 3:22am
Quoting Trade-G
R2 at 1.3346 tagged, some reaction but not sure it amounts to a reversal, likely not as the expansion points to 1.33610 region, we will see
1.33610 reached but 1.33614 not tagged... lets see from here
  • #461,886
  • Jul 9, 2018 3:24am Jul 9, 2018 3:24am
Trend is not over until its over....
  • #461,887
  • Jul 9, 2018 3:25am Jul 9, 2018 3:25am
Quoting Trade-G
{quote} 1.33610 reached but 1.33614 not tagged... lets see from here
Ok objective tagged, its really up to it if it wants to continue upwards form here
  • #461,888
  • Jul 9, 2018 3:27am Jul 9, 2018 3:27am
Weekly R1 at 1.3351 so, it may just rush up to 1.3387 up target is 1.3412
  • #461,889
  • Jul 9, 2018 3:34am Jul 9, 2018 3:34am
Quoting akim0895
close long n shorts at 1.3345sL 30pips
adds more at 3360 sL 20pips
hit all sL only loss 20pips
already profit 30pips on long
its monday
just for a cup of coffee...
  • #461,890
  • Jul 9, 2018 3:34am Jul 9, 2018 3:34am
I only see it dropping, next under 1.33 and further down to 1.3191
sold it @ 1.3354
  • #461,891
  • Jul 9, 2018 3:41am Jul 9, 2018 3:41am
No signs of weakness yet on M5, but you guys are making it so tempting to short !
  • #461,892
  • Jul 9, 2018 3:41am Jul 9, 2018 3:41am
Quoting aa4fx
I only see it dropping, next under 1.33 and further down to 1.3191 sold it @ 1.3354
What is the reason you sold? No major resistance, price action is still long, usd overbought across the board..
  • #461,893
  • Jul 9, 2018 3:51am Jul 9, 2018 3:51am
Harmonic Pattern: In GBPUSD pair, we found bearish crab pattern & it is possible that, price might go towards 1700+ pips down from its current position.

Possible down trend towards: 1.1635 (1700+ pips down)
Stop loss level: 1.4560

Time: July 9, 2018
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Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 46 KB
  • #461,894
  • Jul 9, 2018 3:53am Jul 9, 2018 3:53am
When Hachiko waited at the train station for its owner everyday, surely one day he will be successful...
  • #461,895
  • Jul 9, 2018 3:55am Jul 9, 2018 3:55am
Quoting Recruit
{quote} What is the reason you sold? No major resistance, price action is still long, usd overbought across the board..
Not so easy to explain the feelings and what I see when look at a chart/numbers.
Now intersected some lines I just draw, like geometry from the school.
  • #461,896
  • Jul 9, 2018 3:55am Jul 9, 2018 3:55am
Quoting Xrin
Harmonic Pattern: In GBPUSD pair, we found bearish crab pattern & it is possible that, price might go towards 1700+ pips down from its current position. Possible down trend towards: 1.1635 (1700+ pips down) Stop loss level: 1.4560 Time: July 9, 2018 Visit our facebook group for more trading ideas {image}
Stoploss 1.4560 wow ! I can never do that, but RR 1700 pips why would anyone not be tempted...
  • #461,897
  • Jul 9, 2018 3:57am Jul 9, 2018 3:57am
The starts the week a bullish gap, Pound is pushing above 1.33 level after UK government decided to go for ''soft'' Brexit.
  • #461,898
  • Jul 9, 2018 4:02am Jul 9, 2018 4:02am
Quoting aa4fx
I only see it dropping, next under 1.33 and further down to 1.3191 sold it @ 1.3354
I went out @ .43 to get some potential zig-zag-ing in this area.
The view remains.
  • #461,899
  • Jul 9, 2018 4:12am Jul 9, 2018 4:12am
There is a formed bearish sign but there is no breakout, if bearish pattern fails, it can resume upwards... watch it..
  • #461,900
  • Jul 9, 2018 4:12am Jul 9, 2018 4:12am
After the UK government decided to choose a softer Brexit, the news decreased the Brexit uncertainty in the short-term. Even the resignation of David Davis could not stop Pounds recovery. Immediate resistance can be seen at 1.3360, move beyond would lead to further upward movement.
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