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Cable Update (GBPUSD)

  • #477,421
  • May 16, 2019 11:42pm May 16, 2019 11:42pm
3 consecutive bullish diversions had been broken , mayby there will be louky number 4 ?
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yes yes yes
  • #477,422
  • May 16, 2019 11:57pm May 16, 2019 11:57pm
Quoting Moty
{quote} You don't think that is a possibility that it can bounce from 1.27721 ? I even think it can bounce from daily low , 1.27815
Hello Moty

Yes thats why i am long already on GBPUSD. Then if it drops a bit lower i will enter another long.
  • #477,423
  • May 17, 2019 2:10am May 17, 2019 2:10am
Short in at 1.2782
Don't trade what you think. Just what you see!!!
  • #477,424
  • May 17, 2019 2:24am May 17, 2019 2:24am
Quoting animedia
risk aversion still dominated, usd yen will be strong. so gu will get lower and lower, gu targeting 1.2785 and then 1.2685
1.2785 reached
Join My Signal On Telegram at @forextradingforlivingsignal
  • #477,425
  • May 17, 2019 2:32am May 17, 2019 2:32am
gbpusd bull
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  • #477,426
  • May 17, 2019 2:34am May 17, 2019 2:34am
GBP looking weak across the board..
If you want in on my experimental EA, PM me.
  • #477,427
  • May 17, 2019 3:09am May 17, 2019 3:09am
Quoting RegisMexes
GBP looking weak across the board..
Disclaimer: AUD lol
If you want in on my experimental EA, PM me.
  • #477,428
  • May 17, 2019 3:11am May 17, 2019 3:11am
Not weird, brexit and trade war is a recipe for disaster for gbpusd, i doubt it will recover any time soon until the trade war is resolve.
Worst case scenario, if brits exit without a plan.
  • #477,429
  • May 17, 2019 3:29am May 17, 2019 3:29am
Quoting elbert3
Looking at the month chart we can see rejection resistance was off the 20 ema .if price breaks down then 2770 area and max 2580 to its lower tl . So are we seeing tl attraction ??? Also above we have a false break wick at 1.400 to 1.4350 this will be filled . When ?? If I knew that we would be worth millions ...and it looks like price needs to break 3180 area at this time to get into that possibility. How ever that will change the lower into the triangle it might go . That's on the monthly . If anybody would like to share their thoughts on that...
5 pips off let's see reaction
  • #477,430
  • May 17, 2019 3:37am May 17, 2019 3:37am
Quoting Theoak
{quote} Hi - Economics can be very complicated, so lets simplify. Oil is a global product as far as I see it. OPEC have trade agreements with different countries. Are you saying the USA have a better deal than any other country. I don't know! It would be great to get the opinion of someone from the USA as we can read as much as we want, but the common man can give us the feeling rather than the figures. If the dollar keeps getting stronger it will cause problems in the future such as exports and employment! Especially if the Chinese de-value their...
Well u are right but i am saying that because there is a strong relation between oil prices and inflation and if u watch chart history u can see that every time oil prices goes up currecies follow it
  • #477,431
  • May 17, 2019 3:38am May 17, 2019 3:38am
Quoting Theoak
Short in at 1.2782
Winner + 2 pips
Don't trade what you think. Just what you see!!!
  • #477,432
  • May 17, 2019 3:41am May 17, 2019 3:41am
Quoting Haas9
{quote} Well u are right but i am saying that because there is a strong relation between oil prices and inflation and if u watch chart history u can see that every time oil prices goes up currecies follow it
Oil is the blood of the economy if oil goes up everything goes up!
Don't trade what you think. Just what you see!!!
  • #477,433
  • May 17, 2019 3:52am May 17, 2019 3:52am
Quoting Theoak
{quote} Winner + 2 pips
Sorry it was actually 3.5 pips
Don't trade what you think. Just what you see!!!
  • #477,434
  • May 17, 2019 4:01am May 17, 2019 4:01am
Shorting 1.2781
Don't trade what you think. Just what you see!!!
  • #477,435
  • May 17, 2019 4:09am May 17, 2019 4:09am
Quoting Theoak
Shorting 1.2781
Winner + 4.4 pips
Don't trade what you think. Just what you see!!!
  • #477,436
  • May 17, 2019 4:16am May 17, 2019 4:16am
Price had touched 1.27721 , will it bouce from there ?
yes yes yes
  • #477,437
  • May 17, 2019 4:25am May 17, 2019 4:25am
Quoting Moty
Price had touched 1.27721 , will it bouce from there ?
The biggest put options cluster between 1.2700 and 1.2600'. So support somewhere in between.
But I'd not expect "bounce" today,, but rather next week
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  • #477,438
  • May 17, 2019 4:25am May 17, 2019 4:25am
Quoting Moty
Price had touched 1.27721 , will it bouce from there ?
2769.4 touched
Intraday only.
  • #477,439
  • May 17, 2019 4:27am May 17, 2019 4:27am
Quoting Moty
Price had touched 1.27721 , will it bouce from there ?
Friday sessions can always bring some surprise large moves...

I think bears will keep pushing it south, but closed out trades.

Its been a great week so there's no need to stress over the weekend about these things.
  • #477,440
  • May 17, 2019 4:28am May 17, 2019 4:28am
down super
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