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Cable Update (GBPUSD)

  • #473,021
  • Dec 28, 2018 6:33am Dec 28, 2018 6:33am
I am selling at these levels. Hopefully it won't go too much higher.
  • #473,022
  • Dec 28, 2018 8:13am Dec 28, 2018 8:13am
Quoting FXGambler10
I am selling at these levels. Hopefully it won't go too much higher.
Closed at break even and looking for a better entry or better stop trading for the week.
  • #473,023
  • Dec 28, 2018 3:24pm Dec 28, 2018 3:24pm
Looks like 2708 area is resistance
Come with me if you want to live....
  • #473,024
  • Dec 28, 2018 9:48pm Dec 28, 2018 9:48pm
Quoting fontu
{quote} Calculated risk goes still short, keep eye to 2720+(say 2738/76 ) for 2615 breaks to previous bottom test. Remember it in absolute buy region for 2721/96/2950 next moves after a bottom confirmation . Yes bear can do test the lows here before correction next, hence 2374/2222 all ok. And as I wrote short may trap if no guard/SL carefull about too.check daily tf specially.
Debts at bottom remain intact, no clear to bull, only risky ranges high for more lows? Very possible.
Week end, month and year running and may give some clues!

Usdx top still not in place, last leg try up any time. Market Wasting time for something like brexit, shock or aftershock or some thing more to crush usdx !! Still waiting at down to comfortably long for medium to long term.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,025
  • Dec 28, 2018 10:43pm Dec 28, 2018 10:43pm
Happy New Year to ALL.
  • #473,026
  • Dec 28, 2018 10:52pm Dec 28, 2018 10:52pm
Critical Cable levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 27 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 26 KB
Come with me if you want to live....
  • #473,027
  • Dec 29, 2018 4:23am Dec 29, 2018 4:23am
BUY on RED (MAJOR) / GRAY (MINOR) : possible BOTTOM
SELL on GREEN (MAJOR) / BLUE (MINOR) : possible TOP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDmicroDaily.png Size: 53 KB
Click to Enlarge Name: GBPUSDmicroH4.png Size: 48 KB
Click to Enlarge Name: GBPUSDmicroH1.png Size: 52 KB
Click to Enlarge Name: GBPUSDmicroM15.png Size: 56 KB
We err, and err, and err again, but less.
  • #473,028
  • Dec 29, 2018 5:16am Dec 29, 2018 5:16am
No deal is coming? Cable reaching parity soon?

Brexit latest: Government spends £100m on extra ferries to ease no-deal pressure
https://www.standard.co.uk/news/uk/b...-a4026766.html
  • #473,029
  • Dec 29, 2018 8:06am Dec 29, 2018 8:06am
Quoting FXGambler10
No deal is coming? Cable reaching parity soon? Brexit latest: Government spends £100m on extra ferries to ease no-deal pressure https://www.standard.co.uk/news/uk/b...-a4026766.html
May be strongly will be no deal
good luck
  • #473,030
  • Dec 29, 2018 8:51am Dec 29, 2018 8:51am
next week candle maybe the answer ,I'm away no following news etc
but I doubt the deal as it stood 2 weeks ago ,this is very important week no higher than no ,I'm looking too pick up short on my return

Quoting xandi
{quote} 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 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weekly.png Size: 45 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,031
  • Dec 29, 2018 8:53am Dec 29, 2018 8:53am
its wick +inverted hammer+confirm into pivot ,and break
still looks weak consolidation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,032
  • Dec 29, 2018 8:57am Dec 29, 2018 8:57am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Quarterly.png Size: 36 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-6-months.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #473,033
  • Edited 7:49am Dec 30, 2018 7:05am | Edited 7:49am
Quoting Bones
next week candle maybe the answer ,I'm away no following news etc but I doubt the deal as it stood 2 weeks ago ,this is very important week no higher than no ,I'm looking too pick up short on my return {quote} {image}
OK will wait at 2474 and down 2360 as next level down then but 2798/12/38(should not though) possible before that!! And by this time be back from vacation also.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #473,034
  • Dec 30, 2018 7:51am Dec 30, 2018 7:51am
happy new year.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 100 KB
  • #473,035
  • Dec 30, 2018 4:54pm Dec 30, 2018 4:54pm
While wishing you all God's blessings for greater success in 2019, here's my take on cable, from a technical perspective.

The H4 time frame shows a GBPUSD market in consolidation. However, the technical pattern on the H4 time frame indicates that we may have some northward move to an area of value, usually a brokendown horizontal support, before any bearish turnaround. The 1.28000/1.29670 zone (bound by magenta horizontal lines) may yield itself for such a retracement and subsequent bearish turnaround. However, a significant southward breakdown of the mini ascending trendline (blue) on the H4 time frame is likely to produce a feasible sell trading opportunity. Such a breakdown may be in the shape of a bearish break on an H4 closing basis followed by a northward retest yielding a further bearish rejection of the trendline.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H4_Dec._30,_2018.png Size: 55 KB
Do your homework, follow the footprints of smart money
  • #473,036
  • Dec 30, 2018 5:39pm Dec 30, 2018 5:39pm
Quoting KeenPips
While wishing you all God's blessings for greater success in 2019, here's my take on cable, from a technical perspective. The H4 time frame shows a GBPUSD market in consolidation. However, the technical pattern on the H4 time frame indicates that we may have some northward move to an area of value, usually a brokendown horizontal support, before any bearish turnaround. The 1.28000/1.29670 zone (bound by magenta horizontal lines) may yield itself for such a retracement and subsequent bearish turnaround. However, a significant southward breakdown...
Thank you.

Bearish but depends on the vote on 2 Jan. I expect it to take a dive after then regardless of the vote outcome. Dammed if they do; dammed if they don't.
  • #473,037
  • Dec 31, 2018 1:24am Dec 31, 2018 1:24am
Shake 'N Bake...

new years eve style
Come with me if you want to live....
  • #473,038
  • Dec 31, 2018 2:04am Dec 31, 2018 2:04am
Quoting Hairi
happy new year. {image}
it's coming...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4Up.png Size: 170 KB
  • #473,039
  • Dec 31, 2018 4:24am Dec 31, 2018 4:24am
US ambassador Woody Johnson warns deep Transatlantic trade deal could be IMPOSSIBLE if May’s Brexit plan gets passed as he says Britain is lacking 'leadership'
https://www.dailymail.co.uk/news/art...-possible.html

No deal, Hard Brexit, May's deal, no brexit or a new referendum?

What does the future hold for the UK and the cable?
  • #473,040
  • Dec 31, 2018 4:35am Dec 31, 2018 4:35am
Quoting dweb
BUY on RED (MAJOR) / GRAY (MINOR) : possible BOTTOM SELL on GREEN (MAJOR) / BLUE (MINOR) : possible TOP {image} {image} {image} {image}
Interesting could you share this?
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