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Cable Update (GBPUSD)

  • #476,141
  • Apr 9, 2019 10:49pm Apr 9, 2019 10:49pm
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yes yes yes
  • #476,142
  • Apr 9, 2019 11:59pm Apr 9, 2019 11:59pm
Quoting masudsardar
GBP/USD {image} Trade Recommendations: Any bullish pullback towards 1.3160 should be considered for another SELL entry. TP levels to be located around 1.3020 then 1.2950 - 1.2920. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. collected
I agree with ur chart. Thats what I also saw. Doing some testing at 1.3056 and lets see what happen next.
  • #476,143
  • Edited 12:59am Apr 10, 2019 12:47am | Edited 12:59am
Took short .
Yesterday daily candle was enqulfing berrish.
1.3750 is the 50% correction , 1.3299 is the minimum tp.
I aiming for 1.29780-1.2998 area
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yes yes yes
  • #476,144
  • Apr 10, 2019 2:37am Apr 10, 2019 2:37am
The drop is here
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yes yes yes
  • #476,145
  • Apr 10, 2019 2:43am Apr 10, 2019 2:43am

Technical analysis of GBP/USD for 10/04/2019

Technical market overview:

The GBP/USD pair has still been trading inside of the range since the middle of the March and so far the price is just bouncing from the technical support around the level of 1.2996. The market continues trading in the middle of the range between the levels of 1.2996 - 1.3183, but the bulls are not that keen to break through the orange trend line anymore. The momentum remains neutral as neither bulls nor bears have control over the market and both sides. The breakout of the range might be severe and will likely happen on Friday after the decision regarding the Brexit will be published. Weekly Pivot Points: WR3 - 1.3339 WR2 - 1.3263 WR1 - 1.3130 Weekly Pivot - 1.3056 WS1 - 1.2826 WS2 - 1.2851 WS3 - 1.2712 Trading recommendations: The global investors wait for the breakout in either direction and because the range is now very tight, the breakout might be severe. Please notice, the larget time frame trend remains bullish.

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

collected

to err is human
  • #476,146
  • Apr 10, 2019 2:47am Apr 10, 2019 2:47am
Good technical analysis. May be you would take another look at the conclusion.

Trade safe.

KP

Quoting masudsardar
Technical analysis of GBP/USD for 10/04/2019 Technical market overview: The GBP/USD pair has still been trading inside of the range since the middle of the March and so far the price is just bouncing from the technical support around the level of 1.2996. The market continues trading in the middle of the range between the levels of 1.2996 - 1.3183, but the bulls are not that keen to break through the orange trend line anymore. The momentum remains neutral as neither bulls nor bears have control over the market and both sides. The breakout of the...
Do your homework, follow the footprints of smart money
  • #476,147
  • Apr 10, 2019 4:21am Apr 10, 2019 4:21am
What do you guys think is going to happen to Cable today if the EU approves the extension? I am bit confused here, nominally it looks like a Cable positive as the No Deal is ruled out for something like 12 months, but it does not feel like a huge reason to buy Cable as it all still a bloody shambles, chaos and who knows what - Sort of Brexit sorted but nothing has been sorted situation.

Also technically it looks to me that Cable is building for the downside - so why all this selling and heavily leaning on the support when expected base case - EU Council approves extension - is supposed to be Cable positive. Of course it could be just a smoke screen and could shoot up to 1.33 - 34 after extension approved, probably late at night tonight. I think break of this weeks lows around 1.3010 would be a Go signal for downside, otherwise I have to assume that the Cable should continue the up channel.
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  • #476,148
  • Apr 10, 2019 6:40am Apr 10, 2019 6:40am
H1
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yes yes yes
  • #476,149
  • Apr 10, 2019 6:43am Apr 10, 2019 6:43am
trading is fun ... stress free . relax

Inserted Video
not euphoria follower
  • #476,150
  • Edited 8:46am Apr 10, 2019 7:51am | Edited 8:46am
H1 , the drop is coming
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yes yes yes
  • #476,151
  • Apr 10, 2019 8:34am Apr 10, 2019 8:34am
I'm currently holding a sell position in GBPUSD, currently in a loss, any hope of any drop
  • #476,152
  • Apr 10, 2019 10:49am Apr 10, 2019 10:49am
getting ready for the brexit decision. the best way to gamble is when u cant lose.
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  • #476,153
  • Apr 10, 2019 11:00am Apr 10, 2019 11:00am
May be target 3125/36 + reach today if not 3196.watching usdx tanking.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,154
  • Apr 10, 2019 11:00am Apr 10, 2019 11:00am
Quoting Prosperous19
I'm currently holding a sell position in GBPUSD, currently in a loss, any hope of any drop
Drop the sell
  • #476,155
  • Apr 10, 2019 11:08am Apr 10, 2019 11:08am
today high reached. 3110 is the high for today.

No more push up for me today. I sold at the top of the hour.
Intraday only.
  • #476,156
  • Apr 10, 2019 11:24am Apr 10, 2019 11:24am
Quoting navk
today high reached. 3110 is the high for today. No more push up for me today. I sold at the top of the hour.
We might be only starting...
Everyone can see the chart, but only a few can actually read it.
  • #476,157
  • Apr 10, 2019 11:25am Apr 10, 2019 11:25am
Quoting navk
today high reached. 3110 is the high for today. No more push up for me today. I sold at the top of the hour.
May be, i do not think so , time still there to play arounds. just close daily over 3100 can be game changer as only start. Ok, not considering any news may bet perfect though.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #476,158
  • Apr 10, 2019 11:43am Apr 10, 2019 11:43am
Quoting fontu
{quote} May be, i do not think so , time still there to play arounds. just close daily over 3100 can be game changer as only start. Ok, not considering any news may bet perfect though. {image}
yes, above 3100 may be bullish tomorrow, it may not be game changer though.
Intraday only.
  • #476,159
  • Apr 10, 2019 12:24pm Apr 10, 2019 12:24pm
super !
Quoting OnlineAddict
3035 -> 3180
not euphoria follower
  • #476,160
  • Apr 10, 2019 12:32pm Apr 10, 2019 12:32pm
gu 15m
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yes yes yes
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