could be , monthly is my only worry with bear outlook I have to say last month will not confirm based on a bearish Q {quote}
Together we can be strongest
Vantage Return This Month:
-97.0%
Cable Update (GBPUSD)
- #465,761
- Oct 14, 2018 9:57am Oct 14, 2018 9:57am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
- #465,762
- Oct 14, 2018 10:31am Oct 14, 2018 10:31am
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
eu also has 4-5 months hard to read {image}
Together we can be strongest
Vantage Return This Month:
-97.0%
- #465,763
- Edited 12:32pm Oct 14, 2018 12:14pm | Edited 12:32pm
- Joined Oct 2010 | Status: Trader | 21,482 Posts
I have sharpened my eyes, looked at my chart again, yes, there is good bearish potential.
My stop is 3230.
However if 3230 breaches, then bearish scenario will change.
If 3230 does not breach, one should short this pair if it swings high.
Target ? 150 to 200 pips. Monthly S1 is 2776.
Patience ? I do not have.
My stop is 3230.
However if 3230 breaches, then bearish scenario will change.
If 3230 does not breach, one should short this pair if it swings high.
Target ? 150 to 200 pips. Monthly S1 is 2776.
Patience ? I do not have.
Intraday only.
- #465,764
- Oct 14, 2018 12:40pm Oct 14, 2018 12:40pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #465,766
- Oct 14, 2018 2:15pm Oct 14, 2018 2:15pm
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
- #465,767
- Oct 14, 2018 2:25pm Oct 14, 2018 2:25pm
- Joined Oct 2010 | Status: Trader | 21,482 Posts
Intraday only.
- #465,768
- Oct 14, 2018 2:40pm Oct 14, 2018 2:40pm
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
gap down immediate tls posted going up gone ,
yes ?
yes ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #465,770
- Oct 14, 2018 3:05pm Oct 14, 2018 3:05pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
Here's my take on the cable, from a technical perspective.
On the daily time frame, the GBPUSD is technically on a down trend. However, recent price action is in a corrective consolidation along an ascending channel (blue), which peaked around the 38.2 Fib retracement of the southward drop from the high of April 17, 2018 to the low of August 15, 2018. Thus, a southward technical bias is likely to meet with a high probability of success, particularly should price action print a bearish setup around the channel resistance or the horizontal resistance around 1.33150 or 1.34420 on a daily closing basis.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, the GBPUSD is technically on a down trend. However, recent price action is in a corrective consolidation along an ascending channel (blue), which peaked around the 38.2 Fib retracement of the southward drop from the high of April 17, 2018 to the low of August 15, 2018. Thus, a southward technical bias is likely to meet with a high probability of success, particularly should price action print a bearish setup around the channel resistance or the horizontal resistance around 1.33150 or 1.34420 on a daily closing basis.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #465,771
- Oct 14, 2018 3:27pm Oct 14, 2018 3:27pm
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #465,772
- Oct 14, 2018 3:56pm Oct 14, 2018 3:56pm
- | Commercial User | Joined Jun 2018 | 1,555 Posts
+ 
+ 
= 
- #465,776
- Oct 14, 2018 4:20pm Oct 14, 2018 4:20pm
- | Commercial User | Joined Jun 2018 | 1,555 Posts
Pound and Eur should be down until Wednesday. Monday Brexit meeting is cancel, and meet again Wednesday. Stay green everybody. 
- #465,778
- Oct 14, 2018 4:49pm Oct 14, 2018 4:49pm
- Joined Sep 2015 | Status: Under Pressure | 4,596 Posts
id be amazed to see that number any time soon the only thing that bothered me before is it never went a bit higher at the time {quote} {image}
Together we can be strongest
Vantage Return This Month:
-97.0%
- #465,780
- Oct 14, 2018 5:02pm Oct 14, 2018 5:02pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
{quote} If go down to 1.304, i'll buy the bottom.