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Cable Update (GBPUSD)

  • #462,781
  • Jul 25, 2018 1:22am Jul 25, 2018 1:22am
Mondays high is proving to be a challenge for the bulls
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  • #462,782
  • Jul 25, 2018 1:31am Jul 25, 2018 1:31am
Quoting Nala66
Mondays high is proving to be a challenge for the bulls {image}
Not a challege at all
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yes yes yes
  • #462,783
  • Jul 25, 2018 1:31am Jul 25, 2018 1:31am
Quoting Nala66
Hopeless...stopped me out for +5 pips
be patient mate..
its will going up soon
just for a cup of coffee...
  • #462,784
  • Jul 25, 2018 1:36am Jul 25, 2018 1:36am
Forth time lucky I hope... locked in +10 pips on that impulse bar.
  • #462,785
  • Jul 25, 2018 1:38am Jul 25, 2018 1:38am
My TP is the 3170
  • #462,786
  • Jul 25, 2018 1:41am Jul 25, 2018 1:41am
Wahoo !!!!!!!!!!!
  • #462,787
  • Jul 25, 2018 1:43am Jul 25, 2018 1:43am
Quoting fehinomen
{quote} Current price at 1.3133 which is +11pips in profit. Watching with keen eyes towards 1.3101/070
Taken out my short. Introduced a buy @1.3151. Tp @ 1.32110. Sl open for now. Theres a w in formation on stochastics, TF daily
  • #462,788
  • Jul 25, 2018 1:52am Jul 25, 2018 1:52am
In this quiet market I can't see price making the next 5min level of 3264, not in one push. Let's see what London has to input.

On the 1H we have a 3242 maybe that is doable.
  • #462,789
  • Jul 25, 2018 1:58am Jul 25, 2018 1:58am
GBPUSD is trading above the support level 1.31377 and forms a channel pattern, in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair is on the verge of breaching first resistance level 1.31709 and if it breaches this level then it will face second resistance at 1.31806. Further mounting pressure will force the pair to climb till level of 1.32160 after breaching third resistance at 1.31996. A solid breakdown of pattern will force the pair to hit level of 1.33083 in coming hours.

If it crosses the support level, then it could get second support at 1.31278 and may witness a fall till level of 1.30703 after sustenance below third & fourth support at 1.31152 & 1.30862
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  • #462,790
  • Jul 25, 2018 2:03am Jul 25, 2018 2:03am
I finally sold 3170 ... when it was 74 wanted 78, ...
  • #462,791
  • Jul 25, 2018 2:07am Jul 25, 2018 2:07am
Well done mate. Just to add that it will help if you say 'could' rather than 'will.' I know you said 'could' towards the end. Market analysis is about probabilities and identifying scenarios.

Trade safe and prosper.

KP

Quoting RicardoJoel
GBPUSD is trading above the support level 1.31377 and forms a channel pattern, in a technical 4-hour chart. I expect the bullish momentum to continue for next trading hours, pair is on the verge of breaching first resistance level 1.31709 and if it breaches this level then it will face second resistance at 1.31806. Further mounting pressure will force the pair to climb till level of 1.32160 after breaching third resistance at 1.31996. A solid breakdown of pattern will force the pair to hit level of 1.33083 in coming hours. If it crosses the support...
Do your homework, follow the footprints of smart money
  • #462,792
  • Jul 25, 2018 2:45am Jul 25, 2018 2:45am
Quoting aa4fx
I finally sold 3170 ... when it was 74 wanted 78, ...
out @ 3160 even if it shows will to go more down
  • #462,793
  • Jul 25, 2018 2:51am Jul 25, 2018 2:51am
It is going bomb down
  • #462,794
  • Jul 25, 2018 3:05am Jul 25, 2018 3:05am
Quoting nutgm5169
It is going bomb down
seeing so many sellers in here, the bulls simply gave up!
3139 is a place where 3174 nostalgia kick in ... it might go back for a last kiss.
  • #462,795
  • Jul 25, 2018 3:13am Jul 25, 2018 3:13am
It still can be a Test of previous area.
  • #462,796
  • Jul 25, 2018 3:35am Jul 25, 2018 3:35am
sold 3157 as it might not have time to go for 3220 and after to 3097 ...
  • #462,797
  • Jul 25, 2018 4:05am Jul 25, 2018 4:05am
Quoting Trade-G
{quote} As long as the pivot point stays as support...
Congrats to those that longed, there isn't any reversal so its right to long yesterday
  • #462,798
  • Jul 25, 2018 4:11am Jul 25, 2018 4:11am
Out of short scalp, we are likely to see a higher high soon.
  • #462,799
  • Jul 25, 2018 4:17am Jul 25, 2018 4:17am
Quoting Trade-G
Out of short scalp, we are likely to see a higher high soon.
That is not possible TG because nutgm says it is going to bomb down...whatever that means.
  • #462,800
  • Jul 25, 2018 4:22am Jul 25, 2018 4:22am
Quoting Nala66
{quote} That is not possible TG because nutgm says it is going to bomb down...whatever that means.
look at H4 sto and ma100 to prepare reverse
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