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Cable Update (GBPUSD)

  • #463,461
  • Aug 8, 2018 6:42pm Aug 8, 2018 6:42pm
Considering the over extension, a move back to Tues close of 1.2939ish could work out.
I won't long to there but will short if it gets there.
could be good for 100+ pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 20 KB
Come with me if you want to live....
  • #463,462
  • Aug 8, 2018 8:41pm Aug 8, 2018 8:41pm
Quoting Ill-b-back
{quote} Now that we have clear that Candle Reaction/fib zone, a retest of 2897 area should be good for 60+ pips within the next Candle Reaction/ fib zone {image} {image}
Or it might just drop from 2897
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 20 KB
Come with me if you want to live....
  • #463,463
  • Aug 8, 2018 9:27pm Aug 8, 2018 9:27pm
gu d1 h1
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp h1.png Size: 28 KB
yes yes yes
  • #463,464
  • Aug 8, 2018 10:07pm Aug 8, 2018 10:07pm
Here we go 1.294 area then short again..good luck and green pips. =)
  • #463,465
  • Aug 8, 2018 10:21pm Aug 8, 2018 10:21pm
Quoting Ill-b-back
Considering the over extension, a move back to Tues close of 1.2939ish could work out. I won't long to there but will short if it gets there. could be good for 100+ pips {image} {image}
i’m with you on this one
still not finish yet for bear..
just for a cup of coffee...
  • #463,466
  • Aug 8, 2018 11:02pm Aug 8, 2018 11:02pm
Guys and girls, looks like the bear momentum is exhausted. I'm not sure either this pair will resume the current downtrend or make a retracement. We already made a 1200 pips rally since the price drop from 1.40. 400-500 pips retracement is possible. As for me, i closed all my swing short position. Enough pips. I will keep observe this pair movement. However im still bearish on this pair and targeting 1.20 for long term. What im trying to say is dont get trap in the euphoria of selling, retracement is possible. Hopefully i'm wrong.

Happy trading and trade safe guys/girls!

P/s: Same goes to EU. Just beware!
  • #463,467
  • Aug 8, 2018 11:45pm Aug 8, 2018 11:45pm
waiting to short higher ... this spot is not clear
  • #463,468
  • Aug 9, 2018 12:06am Aug 9, 2018 12:06am
Quoting Trade-G
Depending on how the closing will be potential for an even lower low...
Lower low bias made for today, structure looks good for an upswing long
  • #463,469
  • Aug 9, 2018 12:23am Aug 9, 2018 12:23am
A trendline break above could be the key
  • #463,470
  • Aug 9, 2018 1:01am Aug 9, 2018 1:01am
GBPUSD H4 nice place.
I build long positions

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-08-09_073406.jpg Size: 252 KB
  • #463,471
  • Aug 9, 2018 1:07am Aug 9, 2018 1:07am
Looks like a double bottom in place for H4 and a nice 456 for M15
  • #463,472
  • Aug 9, 2018 1:22am Aug 9, 2018 1:22am
GBPUSD time frame H1 bearish heading 1.28540
Attached Image (click to enlarge)
Click to Enlarge Name: Capture4.JPG Size: 119 KB
Profit growth tells you the trader ability.
  • #463,473
  • Aug 9, 2018 1:35am Aug 9, 2018 1:35am
The low is 1.2850 zone. It can be test one more time. Still to early to go long (too risky) However, downtrend still in play for medium and long term. Any upswing will be consider as a pullback. Im not sure how long but keep in mind this pair already rallied 1,200 pips. 400-500 pips pullback is possible. Im out and profit taken. Not interested to trade the pullback while brexit dust still in the air. Happy trading guys!
  • #463,474
  • Aug 9, 2018 1:39am Aug 9, 2018 1:39am
M15 bullish setup gets distorted, on a swing basis still neutral, could go sideways. Attraction is stil towards 1.28970 region
  • #463,475
  • Aug 9, 2018 2:24am Aug 9, 2018 2:24am
Well that is me done and dusted in 51 minutes.

1) is price trading above or below the average... Below

2) So if below have the bears found support.... Yes

Then it is short... It is that simple.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
  • #463,476
  • Aug 9, 2018 2:33am Aug 9, 2018 2:33am
Still bearish on the higher timeframe, no indication for a reversal at the moment, all previous bullish setup becomes bullshit
  • #463,477
  • Aug 9, 2018 2:35am Aug 9, 2018 2:35am
Quoting kayikayi
{quote} 1.2850ish?
1.2820 in the cards guys then maybe 1.2800 (?)
  • #463,478
  • Aug 9, 2018 2:36am Aug 9, 2018 2:36am
Last chance to buy

Weekly Trend Line after 4 red weekly candle + 15min F.B of trend line +Bollinger Band
I think its a false break and until the end of the day we will see a blue candle Maybe something like the GBP/NZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD BUY 9 8 2018.jpg Size: 168 KB
  • #463,479
  • Aug 9, 2018 2:36am Aug 9, 2018 2:36am
Two price objectives on the 5 min chart..
Attached Image (click to enlarge)
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  • #463,480
  • Aug 9, 2018 2:36am Aug 9, 2018 2:36am
[quote=kayikayi;11348606]{quote} 1.2820 in the cards guys then maybe 1.2800

Looks like Brexit jitters
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