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Cable Update (GBPUSD)

  • #475,301
  • Feb 27, 2019 1:58am Feb 27, 2019 1:58am
Quoting HaLBot
{quote} Hey Elbert in this current situation I can only see it rising from here as prop traders can sense an end to this debarcle and looking to bag 1000 pips https://www.forexlive.com/technical-...-term-20190227
if breakout happen, what is your tp recommendation sir ?
  • #475,302
  • Feb 27, 2019 2:03am Feb 27, 2019 2:03am
Quoting vickytej2301
{quote} if breakout happen, what is your tp recommendation sir ?
If we have another cracker of a day then 9th June 2018 high of 3363....all depends on PA if bulls are very hungry I see that easily or as animedia just noted 1.3338

If Teresa May(british pm) gets a positive outcome today in parliment without putting an exact figure on it you could expect 200 to 300 pips...
Don't Leave Money on the Table
  • #475,303
  • Feb 27, 2019 2:06am Feb 27, 2019 2:06am
Quoting HaLBot
{quote} Hey Elbert in this current situation I can only see it rising from here as prop traders can sense an end to this debarcle and looking to bag 1000 pips https://www.forexlive.com/technical-...-term-20190227
Morning yes it is looking that way . It was moving to a tee yesterday move up then small pull backs to the breaks . So my plan today it to play it that way until one can see it start to change .Good luck
  • #475,304
  • Feb 27, 2019 2:16am Feb 27, 2019 2:16am
Oct past high 3300 and past that 3365
  • #475,305
  • Feb 27, 2019 2:22am Feb 27, 2019 2:22am
Mmm 1 min double little bear candles
  • #475,306
  • Feb 27, 2019 2:34am Feb 27, 2019 2:34am
Quoting fontu
as per daily still to bull as broken previous top & target so near 1.3296 when limit down for up goes to 3113/08 but the last leg up from 2967 or 3092 seems not follow any rules of wave in smaller tf , rather just crazy up , ok for much much bigger wave up /impulse next , so taking care to target ++ targeting the limit 3113 or nearer to see . if broken then history may change to different direction again . anyway bull still strong to crush not easy !! so my level for 1313.short test only building to see. also watching / in mind 3200/3139 for bull...
Agree. Not respecting wave structure. Has actually invalidated some counts.
Looking at PA think it may be best to let fundies simmer down and keep position sizes minimal
4&1 All Time Profit: $37,496
  • #475,307
  • Feb 27, 2019 2:41am Feb 27, 2019 2:41am
i expect if break 3290 will see 3390 (50% fibo )
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good luck
  • #475,308
  • Feb 27, 2019 2:43am Feb 27, 2019 2:43am
GBPUSD yesterday broke the maximum of 1.3216 and reached the resistance of the current uptrend H1 and the historical resistance at 1.3295.
Now, the price is close to the D1 uptrend resistance.
Attached Image (click to enlarge)
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#Anthonywins
  • #475,309
  • Feb 27, 2019 2:57am Feb 27, 2019 2:57am
Quoting MzansiObi
{quote} Agree. Not respecting wave structure. Has actually invalidated some counts. Looking at PA think it may be best to let fundies simmer down and keep position sizes minimal
yeah , now trying breaks 3296 & if so & stay , target goes 3471 + for this correction up.lets see
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #475,310
  • Feb 27, 2019 3:00am Feb 27, 2019 3:00am
Little waves on 1 min but missed the 3265 order buy ... by 2 pips ...it did not even have the decency to correct to the right number . Setting up tl on 1 in now to see if to steps out
  • #475,311
  • Feb 27, 2019 3:07am Feb 27, 2019 3:07am
Quoting elbert3
Little waves on 1 min but missed the 3265 order buy ... by 2 pips ...it did not even have the decency to correct to the right number . Setting up tl on 1 in now to see if to steps out
Be nice to pull back to 3260....

Might need to chew thru some sell orders b4 heading up now?
Don't Leave Money on the Table
  • #475,312
  • Feb 27, 2019 3:12am Feb 27, 2019 3:12am
Quoting fontu
{quote} yeah , now trying breaks 3296 & if so & stay , target goes 3471 + for this correction up.lets see {image}
Yeah with regards to your target I actually have pending sell orders at 3400. Have been taking short scalps at this top for the moment. Still seems the correction we got from Asian session wasn't deep enough. Looking at 4hourly am thinking pullback towards 3170
4&1 All Time Profit: $37,496
  • #475,313
  • Feb 27, 2019 3:29am Feb 27, 2019 3:29am
Not sure when vote will be happening but heres the link to UK parliment TV

https://parliamentlive.tv/Event/Inde...c-161038512d19
Don't Leave Money on the Table
  • #475,314
  • Feb 27, 2019 3:39am Feb 27, 2019 3:39am
Quoting HaLBot
Not sure when vote will be happening but heres the link to UK parliment TV https://parliamentlive.tv/Event/Inde...c-161038512d19
Thank you for sharing this link...I'm hoping I can get out of my EU shorts soon and then maybe I can react to Brexit news and trade accordingly....
  • #475,315
  • Feb 27, 2019 4:06am Feb 27, 2019 4:06am
Quoting MzansiObi
{quote} Yeah with regards to your target I actually have pending sell orders at 3400. Have been taking short scalps at this top for the moment. Still seems the correction we got from Asian session wasn't deep enough. Looking at 4hourly am thinking pullback towards 3170
so we have buyer and seller obviously.. which one will win ?
  • #475,316
  • Feb 27, 2019 4:41am Feb 27, 2019 4:41am
So 3296 broken, target bull then meet and correction next possible towards 3113before further up. Price breaks below 3289/85 to strt, 3261/33 confirm . Lets see
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #475,317
  • Feb 27, 2019 5:08am Feb 27, 2019 5:08am
if you BUY right here "1.3300" .... i would only to say ... "it's a bad spot" .. maybe it will go up more ... but it's still a BAD spot
  • #475,318
  • Feb 27, 2019 5:17am Feb 27, 2019 5:17am
Quoting FloatingCha
if you BUY right here "1.3300" .... i would only to say ... "it's a bad spot" .. maybe it will go up more ... but it's still a BAD spot
buying is still better then selling @ 1.33 as dxy is failing to find support. So if its bad to buy @ 1.33 its even worse to sell it here without any confirmation. next stop might be @ 1.3360
  • #475,319
  • Feb 27, 2019 5:25am Feb 27, 2019 5:25am
Quoting fontu
{quote} yeah , now trying breaks 3296 & if so & stay , target goes 3471 + for this correction up.lets see {image}
maybe this is a higher low from back from 1.2 (not a correction) ofcourse it will need to break 1.4380 to prove that but if brexit goes positively that will happen in time and the GBP has way more upside potential than downside so it might not come back down for a while. let aside USD weakness for now GBP is breaking weekly levels against most major pairs and thats saying something alot of liquidity is behind this move.
  • #475,320
  • Feb 27, 2019 5:31am Feb 27, 2019 5:31am
what will happen when BREXIT goes Negatively.
Never follow/blame others,Patience is the key skill for Succesfull trading.
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