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Cable Update (GBPUSD)

  • #476,321
  • Apr 17, 2019 10:11am Apr 17, 2019 10:11am
I see divergent suport
  • #476,322
  • Apr 17, 2019 10:19am Apr 17, 2019 10:19am
I can see there are lots of buyers accumulating in this area.. This makes it more likely that a sharp move down will come to stop out those buyers.

for all those divergence traders... see the Daily time frame divergence with double trendlines broken confirming that this is going to go down.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.JPG Size: 153 KB
  • #476,323
  • Apr 17, 2019 10:25am Apr 17, 2019 10:25am
GU H4
Attached Image (click to enlarge)
Click to Enlarge Name: פאונד 4 שעתי.png Size: 31 KB
yes yes yes
  • #476,324
  • Apr 17, 2019 10:25am Apr 17, 2019 10:25am
I think the bears are scared ... to understand the sale needs to understand the purchase too and play from both sides
  • #476,325
  • Apr 17, 2019 10:26am Apr 17, 2019 10:26am
Hello All, I see this as the classic pattern. falling out of the wedge, a little re-test then fall like a brick. maybe wrong but the risk reward is too good- good luck
Don't trade what you think. Just what you see!!!
  • #476,326
  • Apr 17, 2019 10:35am Apr 17, 2019 10:35am
In the weekly chart looks like a glass.
  • #476,327
  • Apr 17, 2019 10:49am Apr 17, 2019 10:49am
Quoting humantrader
I can see there are lots of buyers accumulating in this area.. This makes it more likely that a sharp move down will come to stop out those buyers. for all those divergence traders... see the Daily time frame divergence with double trendlines broken confirming that this is going to go down. {image}
break of a trend line dosen't say that is done
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU D1.png Size: 54 KB
Click to Enlarge Name: GU H1.png Size: 44 KB
yes yes yes
  • #476,328
  • Apr 17, 2019 11:01am Apr 17, 2019 11:01am
Like the 1 hour bar... now buyers beware sellers coming.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.JPG Size: 355 KB
  • #476,329
  • Apr 17, 2019 11:13am Apr 17, 2019 11:13am
Hi All, If we break the recent lows of 1.3030. I think the ship will sink. Good Luck ALL
Don't trade what you think. Just what you see!!!
  • #476,330
  • Apr 17, 2019 12:09pm Apr 17, 2019 12:09pm
Hey Moty
  • #476,331
  • Apr 17, 2019 12:59pm Apr 17, 2019 12:59pm
Hi Marcieny, No fuel in the markets now to either power your Rockets or burn my ship. See if it does anything tomorrow. I'm going to move my stops up a bit to 1.3111 I think they are a bit tight at the moment---Good Luck ALL
Don't trade what you think. Just what you see!!!
  • #476,332
  • Apr 17, 2019 3:30pm Apr 17, 2019 3:30pm
Quoting KeenPips
Quite a while. Where have you been, mate? Talking about GU, the sideways operation can trick the unwary. KP {quote}
Hi KP, I hope you are well mate.
A 3rd young child and full time contract work can be distracting
I've really been sinking my teeth into work and rugby coaching lately.

With regards to GU, personally, I don't think fortune favours the brave on this occasion.
Daily PA, spikey tops and pattern showing bearish sentiment from what I can see.

Cheers mate, have a great rest of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Attached Image
Come with me if you want to live....
  • #476,333
  • Apr 17, 2019 6:20pm Apr 17, 2019 6:20pm
D1 +H1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU D1.png Size: 53 KB
Click to Enlarge Name: GU H1.png Size: 34 KB
yes yes yes
  • #476,334
  • Apr 17, 2019 6:41pm Apr 17, 2019 6:41pm
The Pressure down is Quite Strong
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Click to Enlarge Name: Pound.png Size: 27 KB
  • #476,335
  • Apr 17, 2019 7:02pm Apr 17, 2019 7:02pm
It's just my idea.... we will have a breakout either way soon.... target for upside 1.3080 and downside is 1.3000........ in a range of 48pips of each way.... but i'm on a bear side....... again it is just my idea.............
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  • #476,336
  • Apr 17, 2019 8:07pm Apr 17, 2019 8:07pm
Cleaned my slate.. my view was Short Cable, had short Euros.. I thought I should share my point..
Meditate -> Workout -> Good Food = Good Life!
  • #476,337
  • Apr 17, 2019 8:23pm Apr 17, 2019 8:23pm
Quoting Moty
D1 +H1 {image} {image}
yes, Frankfurt open will give opportunity to long GU.
Intraday only.
  • #476,338
  • Apr 17, 2019 8:57pm Apr 17, 2019 8:57pm
I am happy for you mate. Wishing you more success.

KP

Quoting Ill-b-back
{quote} Hi KP, I hope you are well mate. A 3rd young child and full time contract work can be distracting I've really been sinking my teeth into work and rugby coaching lately. With regards to GU, personally, I don't think fortune favours the brave on this occasion. Daily PA, spikey tops and pattern showing bearish sentiment from what I can see. Cheers mate, have a great rest of the week. {image} {image}
Do your homework, follow the footprints of smart money
  • #476,339
  • Apr 17, 2019 10:13pm Apr 17, 2019 10:13pm
Good Morning Traders, well morning here by me.

Bulls seem to have given us bears a little scare here. I am a long term trader so i am still on the short side.
Here is a 4hour chart of what i think the outcome might be today.

For the bears keep an close eye on this grey area today. Bulls seem to want to kick in but trade safe and keep collecting those green pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD18042019.jpg Size: 329 KB
  • #476,340
  • Apr 17, 2019 10:18pm Apr 17, 2019 10:18pm
Hi All, well lows were not taken out yesterday, but the market from my analysis is weak. UK retail sales this morning 9.30 and this might be the juice needed to kick start this market. I've been stuck in a couple of sideway trades too long this week. I hope the other one on USD/JPN is going to pay-up today. I'm lowering my stops to 1.3100 - if they get taken out so be it. I will look again at the markets nearer UK sales and either get out with a small koss or flip the coin and see what happens.
Don't trade what you think. Just what you see!!!
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