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Cable Update (GBPUSD)

  • #477,861
  • May 21, 2019 3:10pm May 21, 2019 3:10pm
Quoting Marcieny
{quote} Honestly I think she will winner.
The Problem is - it is a crap deal!
Don't trade what you think. Just what you see!!!
  • #477,862
  • May 21, 2019 3:22pm May 21, 2019 3:22pm
Quoting Theoak
{quote} The Problem is - it is a crap deal!
The Aunty May not leave...Usa is an ally of England ...And euro may sink.
  • #477,863
  • May 21, 2019 3:26pm May 21, 2019 3:26pm
Quoting Not-KPMG
>{quote}< Come on guys. One seems to be small frame guy. 20 pips can always be found, even long. That said I'm not touching long. No reason Just wait, buy at 1.25 next week (so better risk-reward). But everyone decides for himself
I beg to differ. First target is 12875 and second 12930.
sell strength in falling markets, and buy weakness in rising markets.
  • #477,864
  • May 21, 2019 3:27pm May 21, 2019 3:27pm
Quoting riclater211
{quote} Price is still in my Trade Box. Waiting for exit and re-entry for short possibility. - Ric {image}
Hey All,

So price did spike up above my Trade Box upper level of 1.2800 before coming back down. Shorted with a fill of 1.27521. As of this posting up 46 pips. Secure stop at 1.27481 (+4 Pips). TP @ 1.26000.

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 05212019.png Size: 95 KB
Be humble or get humbled
  • #477,865
  • May 21, 2019 5:53pm May 21, 2019 5:53pm
Need help,

Can someone explain why May's previous news push GBP upwards temporarily ?

What May says is basically bringing uncertainty to Brexit, is it not ?
What I understand is uncertainty is bad for business, therefore GBP should fall.
So, this is a bad news to GBP.

But why it goes up ?
  • #477,866
  • May 21, 2019 6:10pm May 21, 2019 6:10pm
Quoting DailyChart
1.2732
Close below. No Sign of Reversal yet
  • #477,867
  • May 21, 2019 6:16pm May 21, 2019 6:16pm
Sterling is shouting for reversal across major pairs. CABLE, EUROGBP, GBPAUD. Next few days are bull days.
sell strength in falling markets, and buy weakness in rising markets.
  • #477,868
  • May 21, 2019 6:21pm May 21, 2019 6:21pm
Quoting Mrcl
Need help, Can someone explain why May's previous news push GBP upwards temporarily ? What May says is basically bringing uncertainty to Brexit, is it not ? What I understand is uncertainty is bad for business, therefore GBP should fall. So, this is a bad news to GBP. But why it goes up ?
One if there is brexit, she looks to be making a deal closer than a no deal hard brexit

two. The big one. A second referendum possible to be voted on. Britain voting to leave is idoicity at its finest. Russian propaganda and the equivalent of the UKs Fox News and rednecks voted to leave.

Many did not know the real consequences.

There is now a larger chance of britain NOT leaving.

Major risk to the upside IMO.

The second referendum would would be voted on to do or not to do from my understanding.

Then itd have to pass to STAY for 1000pip rally.

Until then probably hang around a range above here.

We we will see.
  • #477,869
  • May 21, 2019 7:04pm May 21, 2019 7:04pm
Quoting htcone
Sterling is shouting for reversal across major pairs. CABLE, EUROGBP, GBPAUD. Next few days are bull days.
agree, my daily thing showing support for GU.
Intraday only.
  • #477,870
  • May 21, 2019 7:31pm May 21, 2019 7:31pm
Quoting Muhammedfx
{quote} yea yeah
Yoobbie
  • #477,871
  • May 21, 2019 7:52pm May 21, 2019 7:52pm
Quoting DailyChart
{quote} Close below. No Sign of Reversal yet
Short retracement, now back to break 1.2685
  • #477,872
  • May 21, 2019 8:53pm May 21, 2019 8:53pm
STILL BERRISH
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 15.png Size: 27 KB
Click to Enlarge Name: GU W1.png Size: 25 KB
yes yes yes
  • #477,873
  • May 21, 2019 9:51pm May 21, 2019 9:51pm
I believe that a lot of accounts got blown with this spike up ,almost 100 pips.
I for example trading with 1:100 levarage,so if i I'm with maximum used margin , i would be margin called by this move
yes yes yes
  • #477,874
  • May 21, 2019 9:58pm May 21, 2019 9:58pm
Quoting Moty
STILL BERRISH {image} {image}
Yups, HD on H4. Bear still win.
  • #477,875
  • May 21, 2019 10:08pm May 21, 2019 10:08pm
ENDGAME phase.

Spike we saw yesterday was kind of the signals to bottom zone. and cant go further low.

This kind of seen at the end of the stage of trend as well.

Lets see carefully how is the market react when the British economic data released today.

Remember we are in the oversold area from horizon, channel line + indicators.

We may need consolidation by time or price.
  • #477,876
  • May 21, 2019 10:18pm May 21, 2019 10:18pm
GBPUSD idea. Continuation pattern/ruse?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 22 KB
  • #477,877
  • May 21, 2019 10:51pm May 21, 2019 10:51pm
Looks like a no deal brexit is happening.
Nobody is buying May story.
I will be waiting a pull back, maybe 1.2741 before adding more shorts.
You guys can reference check the betting odds for no deal brexit.
  • #477,878
  • May 21, 2019 11:03pm May 21, 2019 11:03pm
May must go. No brexit. This commedy has ended.
  • #477,879
  • May 21, 2019 11:18pm May 21, 2019 11:18pm
GBPUSD uptrend rejected on 23% fibo, i think it will try to break up again. i prefer to buy with stoploss below last low or 1.2670
Join My Signal On Telegram at @forextradingforlivingsignal
  • #477,880
  • May 21, 2019 11:41pm May 21, 2019 11:41pm
same old story, misleading information, spike for SL and blow up some accounts and back for SL and blow up on the other side, imo there will not be brexit
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