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Cable Update (GBPUSD)

  • #463,281
  • Aug 2, 2018 8:24pm Aug 2, 2018 8:24pm
We have a feeble support on the 5 min I am long from3016 with a stop at 3013 very tight.
  • #463,282
  • Aug 2, 2018 8:36pm Aug 2, 2018 8:36pm
Stopped out..No follow through at all.
  • #463,283
  • Aug 2, 2018 8:47pm Aug 2, 2018 8:47pm
Well if it not long it must be short so I just got my money back...
  • #463,284
  • Aug 2, 2018 9:10pm Aug 2, 2018 9:10pm
Quoting aa4fx
{quote} just sold the 3057
close here for +50pips
lets one more run
just for a cup of coffee...
  • #463,285
  • Aug 2, 2018 9:12pm Aug 2, 2018 9:12pm
Looks like the bears are going to go for the 2987 price level as the average breaks the 3011 level
  • #463,286
  • Aug 2, 2018 9:31pm Aug 2, 2018 9:31pm
If not yet short, a spike up to daily candle reaction zone would a good area to think about for shorts.

Attached Image (click to enlarge)
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Come with me if you want to live....
  • #463,287
  • Aug 2, 2018 9:55pm Aug 2, 2018 9:55pm
Quoting Ill-b-back
If not yet short, a spike up to daily candle reaction zone would a good area to think about for shorts. {image}
already shorts also can adds more n more
just for a cup of coffee...
  • #463,288
  • Aug 2, 2018 10:02pm Aug 2, 2018 10:02pm
Looking at my daily chart...Yesterday was a impulse bar dragging the average to make the LL. I would expect price to reach 2910 before any attempt to move back upwards.

However we are also at a double bottom divergence so we need to be careful...
Attached Image (click to enlarge)
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  • #463,289
  • Aug 2, 2018 11:59pm Aug 2, 2018 11:59pm
Quoting Nala66
Looking at my daily chart...Yesterday was a impulse bar dragging the average to make the LL. I would expect price to reach 2910 before any attempt to move back upwards. However we are also at a double bottom divergence so we need to be careful... {image}
Thanks for good analysis, below Sr but in buy zones, it may continue below 2900 towards 1.2864 close srs. We must take care in action anyside. Fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #463,290
  • Aug 3, 2018 1:18am Aug 3, 2018 1:18am
Quoting akim0895
{quote} already shorts also can adds more n more
Come with me if you want to live....
  • #463,291
  • Aug 3, 2018 1:55am Aug 3, 2018 1:55am
At 1,3010 for 40 minutes. Which will it go? Inverted head and shoulders on 5 minute chart?
  • #463,292
  • Edited 3:10am Aug 3, 2018 2:32am | Edited 3:10am
1.29875 may give another bounce, if not then watching 1.2973/43/29

I am short so I will hedge around these levels
  • #463,293
  • Aug 3, 2018 2:33am Aug 3, 2018 2:33am
Quoting thir13enth
Waited for a week to reach this level, so happy we're here. 2985 is even in sight now. Will keep selling the rallies as long as PA doesn't visit 3070-80 area. EU's 1635 should start blocking upward momentum.
Nothing beats the feeling of PA hitting your TPs. Lol
have a nice weekend y’all. Careful for pullbacks.
  • #463,294
  • Aug 3, 2018 2:36am Aug 3, 2018 2:36am
Quoting thir13enth
{quote} Nothing beats the feeling of PA hitting your TPs. Lol have a nice weekend y’all. Careful for pullbacks.
congrats mate
i want to hold mine
what will happen nfp later today
just for a cup of coffee...
  • #463,295
  • Aug 3, 2018 2:37am Aug 3, 2018 2:37am
Anyone seeing the light at the end of the long tunnel? Yesterday's data for GBP were really good but nothing happened with the trend - instead it went down even with US data a bit of a downer.
  • #463,296
  • Aug 3, 2018 2:48am Aug 3, 2018 2:48am
Sold @314, SL @318, TP @300. Risk 40 pips, gain 140 pips. Enough for me this week, I stay away from NFP

Have a nice weekend y'all.
  • #463,297
  • Aug 3, 2018 2:49am Aug 3, 2018 2:49am
Quoting Don96
1.29875 may give another bounce, if not then watching 1.2973/43/29
Not bouncing at 1.29875 ie. it's lingering and picking up the energy to bounce down to 1.2964?
  • #463,298
  • Aug 3, 2018 2:55am Aug 3, 2018 2:55am
Attached Image (click to enlarge)
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  • #463,299
  • Aug 3, 2018 3:37am Aug 3, 2018 3:37am
at the risk of sounding like a crazy person, im gonna post my Cable chart; i dont see anything to support this pair till ~124

this short may be the best trade for Q3, seems like theres NO love for sterling. whats especially interesting is that despite the rate hike yesterday (first one in a LONG time), and Gov Carney saying that they would need to do more, GBP just fell through the floor

if anyone here sees a zone for strong technical support (and a bullish case), please share

i see nothing but downside, and if today at NFP we get even a small pullback it would be a super place to short the shit out of this guy

my 2 cents

H4
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Daily
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #463,300
  • Aug 3, 2018 3:37am Aug 3, 2018 3:37am
usd index (2018/08/03)
sell att: 95.10/95.25
tp:94.30
sl:95.50
Attached Image (click to enlarge)
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