Cable Update (GBPUSD)

Going into the new week, outlook is bullish with resistance expected at 1.32150. Be green!

Hi Pound traders,


Looks like we are in Bullish market?
Any ideas?

Yes, failed Arnold, be-back be-bop....you HAVE NOTHING BETTER TO DO

And i refuse to read your posts, just the first line.

generally 1st line is enough ....
EU kiss May, Barnier and BoJo swap socks....
LOL

Listen
Check your short memory before you blabber your loss of it....

I do trade pound THIS YEAR.
I sell only (occasionally hedge tiny).
Ask my broker
I will sell again , when next resistance is smashed and starts the wooosh, drop , dump sound
Yes, i did say resistance. 1.33 1.35 whatever.
When everybody and his dog are long....then boom, drop like a bag of nails

What i do is advice newbies to avoid pound...
You ought to avoid pound too.

Snapshot of a little search i did. Hope it's not overwhelming your mental prowess, or whatever you have.

Obviously in all 2017 lies and uptrend i COULDN'T TRADE long side.
Discipline is the key !!!

I had a little loss, short, on real, and my demo was destroyed by frigging lying news while i was talking to the moronic-est boss you can imagine...
Think of it, my 45000 demo loss hurt me much more than the 2-3k real. I recovered the real in a month or two, but my demo was wrecked and have no heart (or time) to start more demo. Spent 1 year on that demo. From 500 to 45 000 Ok it's not that shabby

All welcome to See demo in my profile......learn...ask...

Where's YOUR ACCOUNTS bubba-be-back????? LOL

Now i won't even look here any more.

Chart I did and posted the day after the previous resistance 1.33 and whooosh down

The Pair is opening with a Gap up!!!!

Yes, 3126 at the moment. The momentum is still with the bulls

If you are tracking the cable this week, consider this technical perspective.

On the weekly time frame, price action printed a series of long-tailed candlesticks in the last three weeks around a horizontal resistance zone after a northward retracement that began in the third week of August 2018. Although, technically, a southward bias is favoured, there is still room for further northward move. We need to wait for clarity of price action before committing to a trade

On the daily time frame, price action is consolidating in an ascending wedge (blue). Presently price action is bearing northward after printing two bullish candlesticks last week Thursday and Friday. We may expect the wedge resistance to be a target of bulls, but the horizontal resistance around the 1.32750 area is an option. A bearish setup around either the wedge resistance or the 1.32750 area is likely to give a feasible sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Attached Image (click to enlarge)

waiting for long early of the weeks️

GU and EU posted interesting results last Friday. As can be seen from the charts below, GU became bullish after NFP News. EU huffed and puffed but never truly became bullish. Indeed, at present, EU is turning bearish.

So, given the correlation between the two pairs, it appears GU will likely plummet, never mind that Nala’s 3168 and 3178 (WR61) are now on the radar

shorts scalps make some money so off to gets some coffee️

wekkly and daily turned bullish though 4 hr is bearish. good buying opportunity prevails currently in GU.

GU is now at the Weekly Pivot (3051) which is also, more importantly, EMA200/H1. If it doesn't push back upwards, then the bears are back

I see pound touching 1.3235 this week. Long is the real deal. Fingers crossed!!!

You are absolutely spot on.

EJ weekly ( too ) has turned bearish

Which tells me, even without looking at the charts, that EU is bearish. This is not good news for GU bulls

hmm.. yes. EU bearish, GU bearish. Agreed.

But the yen component is very strong compared to USD.

still in waiting mode
another short scalp close