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Cable Update (GBPUSD)

  • #472,841
  • Dec 18, 2018 4:42pm Dec 18, 2018 4:42pm
Quoting vmelnikov
In my opinion we will see move down, GU tried to move up but without success, so now we go downwards. Bears at the play, a lot of pressure from them.
Agree , after short retrace to 1.27 ish now
  • #472,842
  • Dec 18, 2018 4:46pm Dec 18, 2018 4:46pm
Quoting AndrewThor
{quote} Agree , after short retrace to 1.27 ish now
Maybe 1.2660 will be enough and it will hold) don’t think we’ll reach 1.27 and more on Wednesday
  • #472,843
  • Edited 10:07pm Dec 18, 2018 8:25pm | Edited 10:07pm
Quoting vmelnikov
{quote} Maybe 1.2660 will be enough and it will hold) don’t think we’ll reach 1.27 and more on Wednesday
Like it, Correcting up to down, 1.2574 target, apparently. That is the more correction up the more down likely. Still precaution all the way. No clean cut waves on action, so ranges/extended ranges with down inclination till burst anyside.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,844
  • Dec 19, 2018 12:49am Dec 19, 2018 12:49am
GU today...

X or O???



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  • #472,845
  • Dec 19, 2018 12:54am Dec 19, 2018 12:54am
My analysis points at price sliding lower to 1.2480 this week. USD has been mildly sold in expectation of a dovish hike but USD will get stronger in this remaining days of the week. EURUSD also targeting 1.1240 this week. Stay green peeps!!!
Data + Stat + Risk/Emotions Management
  • #472,846
  • Dec 19, 2018 1:02am Dec 19, 2018 1:02am
Quoting Georginson
My analysis points at price sliding lower to 1.2480 this week. USD has been mildly sold in expectation of a dovish hike but USD will get stronger in this remaining days of the week. EURUSD also targeting 1.1240 this week. Stay green peeps!!!
what is your expectations of FOMC! can you little guide here what is next move for GU ? kindly explain thanks.
  • #472,847
  • Dec 19, 2018 1:25am Dec 19, 2018 1:25am
Quoting fahadzaman66
{quote} what is your expectations of FOMC! can you little guide here what is next move for GU ? kindly explain thanks.
From technical point of view, GBPUSD is still in a downtrend and any upmove will be met with further aggressive selling. Secondly, from fundamental point of view brexit remains a problem for the pair until clarity comes from it before a sustained upmove can be seen. Every time the FED hikes the USD gets stronger in the next few days. As it stands USD is mildly weak this due to dovish hike expectations which will not last.

My bearish view on GBPUSD will only be invalidated if price touches 1.2745. Stay green.
Data + Stat + Risk/Emotions Management
  • #472,848
  • Dec 19, 2018 1:55am Dec 19, 2018 1:55am
Quoting elbert3
{quote} Looking at it now it's not easy to call .on the weekly it's just hitting breakout confirm . But but the 10 ema is at 2790 area now on the weekly . 2720 could be a target for a short area . But I just put hedge short on . 2685 I had as resistance which it broke and looks like on the 1 hour might ??? Try to confirm a little breakout at 2662 area . If if it bounces there then again possible 2720 and higher .and price will be trading over the 1 hour 200 ema further resistance is down at 2630 2590 and about 2570 . Long...
2630 area was resistance and my 2662should of been 2620 as the point of breakout if you check back . So are we heading for the higher numbers . So the big boys sell it before their Christmas break ??
  • #472,849
  • Dec 19, 2018 2:50am Dec 19, 2018 2:50am
Quoting Georginson
{quote} From technical point of view, GBPUSD is still in a downtrend and any upmove will be met with further aggressive selling. Secondly, from fundamental point of view brexit remains a problem for the pair until clarity comes from it before a sustained upmove can be seen. Every time the FED hikes the USD gets stronger in the next few days. As it stands USD is mildly weak this due to dovish hike expectations which will not last. My bearish view on GBPUSD will only be invalidated if price touches 1.2745. Stay green.
Good summary. I would add: Expect the unexpected!
Fix up, trade sharp ...
  • #472,850
  • Dec 19, 2018 3:17am Dec 19, 2018 3:17am
seems the gbp is pushing it down before the new release
  • #472,851
  • Dec 19, 2018 3:38am Dec 19, 2018 3:38am
Quoting rozay
seems the gbp is pushing it down before the new release
Yep that was happening, figures came in as expected so maybe a rise back up to 1.2670 area now.....maybe, always a maybe with cable LOL
Don't Leave Money on the Table
  • #472,852
  • Dec 19, 2018 3:52am Dec 19, 2018 3:52am
1.2650 held it for now, out - 0.1 pips was a bit lucky given the spike ...
Fix up, trade sharp ...
  • #472,853
  • Dec 19, 2018 6:41am Dec 19, 2018 6:41am
hoping 2720 holds looking for a huge move on this trade to 2100
  • #472,854
  • Dec 19, 2018 6:59am Dec 19, 2018 6:59am
Quoting bill1985
hoping 2720 holds looking for a huge move on this trade to 2100

For now we stuck here, but I think 1.2660 - tough one for today. I expect move downwards from it.
  • #472,855
  • Dec 19, 2018 7:23am Dec 19, 2018 7:23am
I'm bearish
  • #472,856
  • Dec 19, 2018 7:30am Dec 19, 2018 7:30am
1.26 in focus.
Fix up, trade sharp ...
  • #472,857
  • Dec 19, 2018 7:37am Dec 19, 2018 7:37am
Quoting elbert3
{quote} 2630 area was resistance and my 2662should of been 2620 as the point of breakout if you check back . So are we heading for the higher numbers . So the big boys sell it before their Christmas break ??
Has Christmas come early for them ???
  • #472,858
  • Dec 19, 2018 12:15pm Dec 19, 2018 12:15pm
Keep on guessing, this is not trading!! Where is the technical analysis??
  • #472,859
  • Dec 19, 2018 12:26pm Dec 19, 2018 12:26pm
Quoting mah.sarah
I'm bearish
Pivot H4
cheers buddy. the short bull trend is almost over.
Im with you tho
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  • #472,860
  • Dec 19, 2018 12:27pm Dec 19, 2018 12:27pm
Quoting Hickson
1.26 in focus.
what TF are you playing. We are already in it brother.
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