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Cable Update (GBPUSD)

  • #464,261
  • Aug 31, 2018 9:25am Aug 31, 2018 9:25am
back to upside️
just for a cup of coffee...
  • #464,262
  • Aug 31, 2018 9:58am Aug 31, 2018 9:58am
Quoting masudsardar
{image}
how did you know that?, i couldn't see anything there to support a buy...
life is a reflection of what we allow ourselves to see
  • #464,263
  • Aug 31, 2018 10:07am Aug 31, 2018 10:07am
60 or so pips volatility. no up, no down. just volatility and speculation til Dominic Raab and Michel Barnier talk this friday and next days of september
  • #464,264
  • Aug 31, 2018 10:49am Aug 31, 2018 10:49am
maybe another leg up later
i may be wrong
just for a cup of coffee...
  • #464,265
  • Aug 31, 2018 10:53am Aug 31, 2018 10:53am
Quoting akim0895
maybe another leg up later i may be wrong
1.2910, even lower than that. Wait for daily close and lets see where will it go
  • #464,266
  • Aug 31, 2018 11:07am Aug 31, 2018 11:07am
Quoting thir13enth
{quote} Saw that bounce and didn’t even touch 2980, pffft. I’ll let these shorties live, safe as long as 3020 starts resisting from now. I believe DXY has to reclaim 95 area soon, probably next week if not today. Sleep for the meantime, lol.
Friday Mantra: DXY's 95 Revival, LOL.

Here's my 4H TLs. I will be heavily reliant on fundamental for the month of September based on FED + Brexit news.
We might have reached the top for now, but a revisit is likely possible or even break the top TL.

Bias is still with bears with a potential revisit to 2700 area.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB


Happy weekend!
  • #464,267
  • Aug 31, 2018 11:18am Aug 31, 2018 11:18am
nice weekends mate
still no trading today
sideline and watching
just for a cup of coffee...
  • #464,268
  • Aug 31, 2018 12:25pm Aug 31, 2018 12:25pm
Quoting akim0895
nice weekends mate still no trading today sideline and watching
I was not trading GU today.

But in my system there was a sell signal at 1.2992 below daily open.
Intraday only.
  • #464,269
  • Aug 31, 2018 12:54pm Aug 31, 2018 12:54pm
Quoting kayikayi
{quote} 1.2952 next. few more pips below if PA so wishes (1.2930ish even) and back into the saddle for the next move up.

Ok 1.2952 tagged..took longer than I thought....but what correction is easy or fast? ...might go down to 1.2940/30s we still have one more low to create and next week .....well next week will come with its own levels and shenanigans...let's wait for the closing of the day, week and month. Nala's levels rock!!!
  • #464,270
  • Aug 31, 2018 3:54pm Aug 31, 2018 3:54pm
The pair has extended its consolidation movement to the downside and found immediate support around 1.2943/45. On the other hand, Brexit negotiation still seems optimism, meeting between EU and UK will continue another week. Well, it's a progress.
  • #464,271
  • Aug 31, 2018 9:27pm Aug 31, 2018 9:27pm
Quoting Trade-G
Does it look like H4 for cable making a bullish setup?
EA went to 6160. Great !
Intraday only.
  • #464,272
  • Aug 31, 2018 10:21pm Aug 31, 2018 10:21pm
if I have to pick a side right now right this moment I’d say down!


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  • #464,273
  • Sep 1, 2018 5:11am Sep 1, 2018 5:11am
Quoting thir13enth
{....f September based on FED + Brexit news.
We might have reached the top for now, but a revisit is likely possible or even break the top TL.
Bias is still with bears with a potential revisit to 2700 area. {image} Happy weekend!
Nice chart!!

Let me add a red monthly close.
1.30 nice rejection.

The liars (Brexit bla bla) may spike up again for a quick stop hunt but 1.3000 area seems solid sell. Again!!!

Soooo correction done?

I'm thinking 1.2550 next.

where's OnlineLongAddict??? His ideas of 1.3250 were mighty entertaining while i was on lavish holiday
Beware of robber banks (RB), bad advisors.
  • #464,274
  • Sep 1, 2018 5:13am Sep 1, 2018 5:13am
Quoting Not-KPMG
{quote} You expect a correction and massive rejection 1.2990?? spike 3030 possible too.... Stop hunt.... Excellent sell of course. I'll not be long this next few months, thanks

So nothing new!!!

August 6th previous forecast!!!

Let's see AGAIN
Beware of robber banks (RB), bad advisors.
  • #464,275
  • Sep 2, 2018 2:07pm Sep 2, 2018 2:07pm
What a depressing, empty thread?!?!

What's up??

Premarket 1.2938
Beware of robber banks (RB), bad advisors.
  • #464,276
  • Sep 2, 2018 2:50pm Sep 2, 2018 2:50pm
Hey Not-KPMG!

I'm usually in and around this thread, but I have recently decided to concentrate on one pair only and, at the time, I had an EURUSD position, so I thought it made sense to continue with my analysis on that chart.

I agree, though - this thread has really died down over the past year or so which is a shame, this is a good pair!!
  • #464,277
  • Sep 2, 2018 3:16pm Sep 2, 2018 3:16pm
Here's my take on the GBPUSD from a technical perspective.

On the H4 time frame, price action is respecting an ascending trendline (magenta) from the low of August 2018. A break of the trendline is likely to be a validation of a bearish momentum. Nevertheless, given the recent technical patterns in the bigger descending channel (red) on the H4 time frame, a period of brief northward retracement in the early part of this week, which may lead to a retest of the minor resistance around 1.29750/1.30110 zone, is likely to give way to a bearish turnaround. I am bearish GBPUSD.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4_Sept._2,_2018.png Size: 59 KB
Do your homework, follow the footprints of smart money
  • #464,278
  • Sep 2, 2018 3:36pm Sep 2, 2018 3:36pm
currently cable at 1.29088.....massive gap down..
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #464,279
  • Sep 2, 2018 3:40pm Sep 2, 2018 3:40pm
Weekends aside, I don't know how many bits of analysis people expect on a pair on any given day.

20? 30? 50? more?
Come with me if you want to live....
  • #464,280
  • Sep 2, 2018 4:16pm Sep 2, 2018 4:16pm
Quoting Pipmasterfx
{quote} 1.2910, even lower than that. Wait for daily close and lets see where will it go
Lol, gu open price today at last week predicted close. Ok, im eyeing for 1.2950. Any rejection to the downside im in.
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