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Cable Update (GBPUSD)

  • #472,981
  • Dec 27, 2018 1:53am Dec 27, 2018 1:53am
Get over 1.2660ish and we go higher, hitting some resistance, I have a TL it keeps hitting so must be my doing.....LOL
Don't Leave Money on the Table
  • #472,982
  • Dec 27, 2018 2:17am Dec 27, 2018 2:17am
basically cable is being traded in a 7 pip range.....
Don't Leave Money on the Table
  • #472,983
  • Dec 27, 2018 2:35am Dec 27, 2018 2:35am
Quoting HaLBot
{quote} Came in a little earlier 1.2653 TP 1.2680.....happy if I can get 20 pips a day, see how it goes right now looking a bit shaky might have to bail....
I'm out for 8 pips, bit too choppy for me.....
Don't Leave Money on the Table
  • #472,984
  • Dec 27, 2018 2:52am Dec 27, 2018 2:52am
Does anyone here has a long term view on GBP/USD based on daily, weekly and monthly chart?
What's the maximum downside are you predicting and what's the upside?
  • #472,985
  • Edited 3:51am Dec 27, 2018 3:26am | Edited 3:51am
Quoting Prodix86
BUY 2657 TP1 2667 TP2 2730 pending buy 2650 pending buy2 2635
pending buy 2650 (triggered)
pending buy2 2635 (triggered)
pending buy3 2629 (triggered)

will just leave it until TP 2730. Happy New Year!!
  • #472,986
  • Dec 27, 2018 4:15am Dec 27, 2018 4:15am
Quoting Forex.RayV1
Does anyone here has a long term view on GBP/USD based on daily, weekly and monthly chart? What's the maximum downside are you predicting and what's the upside?
I think the daily speaks for itself as it doesn't get much clearer than this rejection off resistance levels and trendline.

A projected weekly TF target below.

Happy hunting

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 27 KB
Come with me if you want to live....
  • #472,987
  • Dec 27, 2018 4:18am Dec 27, 2018 4:18am
Quoting Forex.RayV1
Does anyone here has a long term view on GBP/USD based on daily, weekly and monthly chart? What's the maximum downside are you predicting and what's the upside?
A decisive move above $1.2700 improves and would then open $1.2800/$1.2850 as the amount of overhead supply then becomes an issue for any sustainable recovery. Initial support is $1.2600 and $1.2525.
  • #472,988
  • Dec 27, 2018 4:39am Dec 27, 2018 4:39am
Good, after fall of 2629/16 next level goes to 2605.ok 2647 correction as before test/retest before next level towards low 2528 perhaps next day try!! So today test 2605 to breaks 2600//2581may more than enough.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,989
  • Dec 27, 2018 4:40am Dec 27, 2018 4:40am
Quoting Forex.RayV1
Does anyone here has a long term view on GBP/USD based on daily, weekly and monthly chart? What's the maximum downside are you predicting and what's the upside?
Everything points down for now imho.

However, depending on how Brexit goes everything could change...
  • #472,990
  • Dec 27, 2018 4:41am Dec 27, 2018 4:41am
Quoting fontu
Good, after fall of 2629/16 next level goes to 2605.ok 2647correction as before
Is that a good entry for an intraday long? What do you think?
  • #472,991
  • Dec 27, 2018 4:51am Dec 27, 2018 4:51am
Quoting FXGambler10
{quote} Is that a good entry for an intraday long? What do you think?
Scalping long at any time ok as price try jumps at any support it may get, as actually falling with every effort it may give to keep afloat but failing so far and targets remain low in all buy zone. That is extreme areas playing, so long for medium term only ok to keep, test long or scalping ok to have some pips and take away only till settle of real bottoming confirmation.try use "be" for all test long or short, specially short.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,992
  • Dec 27, 2018 6:40am Dec 27, 2018 6:40am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,Daily a sell.jpg Size: 434 KB

Guys, I'm looking for a possible long term sell here towards 1.2482.
  • #472,993
  • Edited 8:58am Dec 27, 2018 7:21am | Edited 8:58am
Quoting Prisha
{image} Guys, I'm looking for a possible long term sell here towards 1.2482.
OK on the scanner 2474 this month but if failure and have a long wick monthly may test 2972 before it reach. So monthly/weekly close will be important to see. Breaks 2474 should tank next level 2374
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #472,994
  • Dec 27, 2018 9:25am Dec 27, 2018 9:25am
Quoting Prodix86
{quote} pending buy 2650 (triggered) pending buy2 2635 (triggered) pending buy3 2629 (triggered) will just leave it until TP 2730. Happy New Year!!
TP1 hit, now TP2
  • #472,995
  • Dec 27, 2018 9:33am Dec 27, 2018 9:33am
Quoting Prodix86
{quote} TP1 hit, now TP2
Good for you! Bravo!

I have been waiting the spike all day long and I have opened the trade a few seconds before it!
  • #472,996
  • Dec 27, 2018 11:08am Dec 27, 2018 11:08am
long is wrong check the weekly
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #472,997
  • Dec 27, 2018 11:36am Dec 27, 2018 11:36am
Quoting FXGambler10
{quote} Good for you! Bravo! I have been waiting the spike all day long and I have opened the trade a few seconds before it!
At the end I made 12 pips. All good. Looking for a new entry!
  • #472,998
  • Dec 27, 2018 11:37am Dec 27, 2018 11:37am
Quoting Bones
long is wrong check the weekly
No doubt about it.

What's a good level to go short in your opinion?
  • #472,999
  • Dec 27, 2018 12:51pm Dec 27, 2018 12:51pm
Quoting Bones
long is wrong check the weekly
I went look the weekly, without candles, and i didnt like what i see...i changed side now, longed position.
Explaining my view, on weekly can be those abc correction, or 3 drive pattern to reach 88% retracement..trying chart.... tPs: after explain other zoom with again weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181227-184941.png Size: 238 KB
  • #473,000
  • Edited 1:56pm Dec 27, 2018 12:56pm | Edited 1:56pm
Quoting Bones
long is wrong check the weekly
I went look the weekly, without candles, and i didnt like what i see...i changed side now, longed position.
Explaining my view, on weekly can be those abc correction, or 3 drive pattern to reach 88% retracement..trying chart.... tPs: after explain other zoom with again weekly chart.
3 drive pattern more or less price retracing to 2820(or 2720, 78% or 88%) and after short until 88% (1.2410 = GREAT POSSIBLe) retracement...both scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181227-190200.png Size: 190 KB
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