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Cable Update (GBPUSD)

  • #466,881
  • Oct 24, 2018 8:19pm Oct 24, 2018 8:19pm
Quoting Ill-b-back
Looks like a nice reaction zone above, and a good place to sell for a 100 pips or so {image}
Looking to sell 2930 area, TP 2830
Come with me if you want to live....
  • #466,882
  • Oct 24, 2018 8:25pm Oct 24, 2018 8:25pm
Quoting Nala66
Speculation.. Looking at the 1hr chart the average has broken the average swing low of 2925 but the price has failed to reach the 2833. To me this suggest an attempt by the bulls to stop the descending average sometime soon. Together with the 5 min chart starting to make HHs and HLs would suggest an up move is on the cards here. However this is the Asian session so not holding my breath on this move. Waiting for bar 108 and see what happens from there...
DXY reached to very critical area and might tank for the next few weeks if it didn't make a new high this will suggest GU and EU to fly high
  • #466,883
  • Oct 24, 2018 11:31pm Oct 24, 2018 11:31pm
evening and afternoon traders️
just for a cup of coffee...
  • #466,884
  • Oct 24, 2018 11:33pm Oct 24, 2018 11:33pm
Good morning gents
  • #466,885
  • Oct 25, 2018 12:41am Oct 25, 2018 12:41am
Hi guys! from the pattern taking shape here on EUR/GBP I think there will be an up move on GBP soon:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB


On the other hand, the ABC correction pattern (as mentioned before) on GBP:

Attached Image


Which can be another confirmation for down move on EUR/GBP

What do you think?
We can't control the sea, but we can learn how to surf the waves.
  • #466,886
  • Oct 25, 2018 12:52am Oct 25, 2018 12:52am
Attached Image (click to enlarge)
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gbj doji on 1 hour might be up for both pairs so it's worth a try with a stop
  • #466,887
  • Oct 25, 2018 12:59am Oct 25, 2018 12:59am
immediate S/R, at least on my chart...looking for something to do around those spots for now...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 57 KB
Look Sharp/Trade Tight
  • #466,888
  • Oct 25, 2018 1:01am Oct 25, 2018 1:01am
Quoting aariapoor
Hi guys! from the pattern taking shape here on EUR/GBP I think there will be an up move on GBP soon: {image} On the other hand, the ABC correction pattern (as mentioned before) on GBP: {image} Which can be another confirmation for down move on EUR/GBP What do you think?
I agree I have the same analysis. but may be GU want to touch 1.282x before going up to 1.30xx
  • #466,889
  • Oct 25, 2018 1:10am Oct 25, 2018 1:10am
2975 looks to be untested so a possibility
  • #466,890
  • Oct 25, 2018 1:21am Oct 25, 2018 1:21am
Big long @2898 with tight stop
  • #466,891
  • Oct 25, 2018 1:43am Oct 25, 2018 1:43am
Good day. I will short around 1.3015 and from here we should have the big fall to around 1.2430. There might be some sideway trading up here before.
POSTMASTER
  • #466,892
  • Oct 25, 2018 1:47am Oct 25, 2018 1:47am
Attached Image (click to enlarge)
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well we are in profit but for how long . Possible targets on the green line
Attached Image (click to enlarge)
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  • #466,893
  • Oct 25, 2018 2:12am Oct 25, 2018 2:12am
what you guys think about this scenario ? its valid only if we close daily above 1.304x
Attached Image (click to enlarge)
Click to Enlarge Name: gu ew vid.jpg Size: 109 KB
  • #466,894
  • Oct 25, 2018 2:25am Oct 25, 2018 2:25am
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20181025_102452.png Size: 158 KB
  • #466,895
  • Oct 25, 2018 2:36am Oct 25, 2018 2:36am
Quoting breal
{image}
nice chart
  • #466,896
  • Oct 25, 2018 3:15am Oct 25, 2018 3:15am
right here waiting
hope 2810 will come️
just for a cup of coffee...
  • #466,897
  • Oct 25, 2018 3:19am Oct 25, 2018 3:19am
Mmm getting messy short would be 2820 so into hedge for a while
  • #466,898
  • Oct 25, 2018 3:25am Oct 25, 2018 3:25am
Quoting msniper
what you guys think about this scenario ? its valid only if we close daily above 1.304x {image}
i am not an EW genius but according to your count, in the ABC corrections the A waves are never equal C waves. so using some stats, and belive in your count, in this case the probability is your last c) will be longer than a)...
what is the invalidation in this plan?
Anything is math!
  • #466,899
  • Oct 25, 2018 3:34am Oct 25, 2018 3:34am
Quoting akim0895
right here waiting hope 2810 will come️
that would be an amazing entry for long

I am expecting GBPUSD bottom between 1.2720 to 1.2880 for a ride above 1.3050
  • #466,900
  • Oct 25, 2018 3:34am Oct 25, 2018 3:34am
Quoting breal
{image}
Buy signal.
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