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Cable Update (GBPUSD)

  • #464,981
  • Sep 18, 2018 8:29am Sep 18, 2018 8:29am
Quoting Ksth
{quote} No worries. Confirm bearish setup.
Lower timeframe is distorted but the bigger picture is a big bearish setup... but it needs to break though
  • #464,982
  • Sep 18, 2018 8:32am Sep 18, 2018 8:32am
Quoting Trade-G
{quote} Lower timeframe is distorted but the bigger picture is a big bearish setup... but it needs to break though
Bull trap setup.. Haha
  • #464,983
  • Sep 18, 2018 8:34am Sep 18, 2018 8:34am
CAreful of a bullish setup presenting itself
  • #464,984
  • Sep 18, 2018 8:42am Sep 18, 2018 8:42am
Quoting Trade-G
CAreful of a bullish setup presenting itself
Setup breakout targeting upstairs
  • #464,985
  • Sep 18, 2018 8:45am Sep 18, 2018 8:45am
As long as its kept below 1.3159 region bears will shall continue
  • #464,986
  • Sep 18, 2018 8:50am Sep 18, 2018 8:50am
Dollar index very fuzzy... no position better stay away can whipsaw in all directions... good night all
  • #464,987
  • Sep 18, 2018 1:01pm Sep 18, 2018 1:01pm
been saying for week or 2 still bearish...….
ABC correction potentially on the cards
either expect a huge sell off or a bullish break.
  • #464,988
  • Sep 18, 2018 2:59pm Sep 18, 2018 2:59pm
Focus turns to UK inflation data on Wednesday, the bullish trend won't give up as long as the pair stay above 1.3055 level.
  • #464,989
  • Sep 18, 2018 3:34pm Sep 18, 2018 3:34pm
I think weekly open as MARRABUZU is high signal for buy
It is buy from now till the end of the current week , not a joke.



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If skills could be acquired by watching, every dog would be a butcher. Turk
  • #464,990
  • Sep 18, 2018 3:45pm Sep 18, 2018 3:45pm
Quoting Zircon
I think weekly open as MARRABUZU is high signal for buy It is buy from now till the end of the current week , not a joke. {image}

I am targeting 1.3292 $.
Stop bellow 1.31100 $

Trade safe.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #464,991
  • Sep 18, 2018 5:32pm Sep 18, 2018 5:32pm
Quoting Neil0163
been saying for week or 2 still bearish...…. ABC correction potentially on the cards either expect a huge sell off or a bullish break.
And for two weeks you have been totally wrong as the bulls have climbed some 400 pips since.

Then you say it will either go up or down, well duh!

Price is simply in a holding state at present, when the hold breaks then we decide if it is up or down. For now scalps are the order of the day with tight stops trading top and bottom swings on the lower time frames.

Bears have not made a single lower low on the hour chart, until that happens then the bullish move continues.

How can you say this is bearish...
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  • #464,992
  • Sep 18, 2018 6:30pm Sep 18, 2018 6:30pm
The bullish trend is still in place on the GBPUSD but it may try to pullback to the downside, where the 1.3000 level and the 55 day EMA may act as support. To the upside, the 1.3300 level may act as resistance.
  • #464,993
  • Sep 18, 2018 8:55pm Sep 18, 2018 8:55pm
Hello. Please pay attention to the fact that the price can not break the level 1.317x. I think it makes sense to enter after a strong breakdown, not to be confused with a false breakdown. Or when we fix above 1.317x. Because the price may fall. Need price 1.335x.

Please pay attention to the fact that the price can not break the level
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  • #464,994
  • Sep 18, 2018 9:47pm Sep 18, 2018 9:47pm
I will be shorting EJ. Infact started to short.
Intraday only.
  • #464,995
  • Sep 18, 2018 11:39pm Sep 18, 2018 11:39pm
Quoting Nala66
{quote} And for two weeks you have been totally wrong as the bulls have climbed some 400 pips since. Then you say it will either go up or down, well duh! Price is simply in a holding state at present, when the hold breaks then we decide if it is up or down. For now scalps are the order of the day with tight stops trading top and bottom swings on the lower time frames. Bears have not made a single lower low on the hour chart, until that happens then the bullish move continues. How can you say this is bearish... {image}
Look at the daily time frame study the structure then have a watch of a abc correction or complex pull back.
i haven’t been wrong at all. Look at the last lower high which caused the lowest low. It hasn’t been broken yet.
Im not saying this won’t become a bullish trend but at the minute it’s still classed a bearish trend.
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  • #464,996
  • Sep 18, 2018 11:41pm Sep 18, 2018 11:41pm
️
just for a cup of coffee...
  • #464,997
  • Sep 18, 2018 11:47pm Sep 18, 2018 11:47pm
Quoting Neil0163
{quote} Look at the daily time frame study the structure then have a watch of a abc correction or complex pull back. i haven’t been wrong at all. Look at the last lower high which caused the lowest low. It hasn’t been broken yet. Im not saying this won’t become a bullish trend but at the minute it’s still classed a bearish trend. {image}
Well if you call a 400 pip pull back as part of your trade good on ya.
  • #464,998
  • Sep 19, 2018 12:03am Sep 19, 2018 12:03am
Current consolidation within 1.3170 suggests for a potential bearish movement. Looking to sell below 1.3090
  • #464,999
  • Edited 12:32am Sep 19, 2018 12:13am | Edited 12:32am
Quoting Nala66
{quote} Well if you call a 400 pip pull back as part of your trade good on ya.
I trade from key areas of structure. Again dependent I guess on what time frame you look at as you could have a huge bullish rally but be in a small downtrend. I trade daily then take positions on 4 or 1 hour
note how the corrective wave lines up with correct pivots too
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  • #465,000
  • Sep 19, 2018 2:11am Sep 19, 2018 2:11am
Sharp move to the upside but I think it's not sufficient to sustain the upside momentum.
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