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Cable Update (GBPUSD)

  • #485,061
  • Jul 16, 2019 6:22am Jul 16, 2019 6:22am
Quoting blackjacker
{quote} Is difficult to find out what is good and bad. See, good news for pound and at the same time pound is the biggest loser today. More than 0.70% down. EU is around 0.30 down, EG is around 0.40 up with bad data for Germany.
cause the rumour say there may no brexit deal
PA Return This Week: -3.3%
  • #485,062
  • Jul 16, 2019 6:26am Jul 16, 2019 6:26am
GBPUSD lacks bullish signals near six-month lows
From xm.com
https://cdn-assets.faireconomy.media...g?_=1563273843

GBPUSD returned to the red zone and near a key support area around 1.25 after attempting to recover during the past three sessions. Chances for a meaningful rally in the short-term are currently viewed as minimal as the market action continues to take place comfortably below the simple moving averages (SMA) and the Ichimoku cloud, while the RSI and the MACD are lacking a clear direction while in the bearish area. Should the bears clear the 1.25 barrier, the focus will shift immediately towards the six-month low of 1.2438. Breaking decisively below the latter, the sell-off could extend until the 1.2330 number, where any ... (full story)
  • #485,063
  • Jul 16, 2019 6:26am Jul 16, 2019 6:26am
shorting levels.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 21 KB
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
Intraday only.
  • #485,064
  • Jul 16, 2019 6:28am Jul 16, 2019 6:28am
Quoting Moty
So it was h&s Potential support zone at 1.24388 - 1.24429 {image}
..... This is not a H&S formation... Please relearn your TA.
  • #485,065
  • Jul 16, 2019 6:29am Jul 16, 2019 6:29am
Maybe This week the cable will go down until 1.2320 or 1.2305 .. before go up with fed rate cut .. just prediction
  • #485,066
  • Jul 16, 2019 6:31am Jul 16, 2019 6:31am
Pound is repeating the move it made in 2013, touched a low of 1.4831 in February 2013 bounced up to 1.5751 (920 pips up) and crashed Down to 1.4813 in July 2013 (18 pips below February 2013 low).

Now 2019, touched a low of 1.2423 in January, surged to a high of 1.3380 in February (957 pips up) and crashed down to 1.2406 current July 2019 low (18 pips below January 2019 low).

The eventual move in 2013 after the July low was an aggressive bounce 1.6577 (1846 pips up move).

Last year range was 1900 pips, so I can predict this year range to be a possible 1800 pips range too. So assuming this July low (1.2406) holds, just add 1800 pips to it, which means possible high of 1.4206 this 2019.

Short term verdict this July is a surge back to 1.2750 before this month ends. Just my research work and no compulsion to agree with me. Stay green!
Data + Stat + Risk/Emotions Management
  • #485,067
  • Jul 16, 2019 6:31am Jul 16, 2019 6:31am
pound ate all the stops and moved north? Strange that gold is in place, does correction mean on index?
  • #485,068
  • Jul 16, 2019 6:31am Jul 16, 2019 6:31am
added a long for a short retracement 1.2425 TP 1.2445
follow the flow of music $
  • #485,069
  • Jul 16, 2019 6:31am Jul 16, 2019 6:31am
That took a lot of grid and averaging to turn a profit and a long open to boot. Let's see, the same deal of a daily close of at least 2453.
Attached Image
  • #485,070
  • Jul 16, 2019 6:34am Jul 16, 2019 6:34am
Quoting Zorrander
{quote} I guess its nothing happend with carnage moment ... The triger in retail sales .. if bad news for US it will be go up little bit .. if broke 1.2473 will go to heading 1.2500 .. powell will speak something to in this night ..
Surely MR CARNAGE won’t say anything to de-value the pound anymore today…. Surely.
Might have a punt (going against my better judgement as it is CARNAGE) Just common sense….
Surely he won’t!!!!!!! Only a small one its worth the comedy value alone! Don’t do Theoak… Don’t do it!!! Hand off the trigger at the moment!!! Very tempted!!!
Don't trade what you think. Just what you see!!!
  • #485,071
  • Jul 16, 2019 6:39am Jul 16, 2019 6:39am
Quoting Georginson
Pound is repeating the move it made in 2013, touched a low of 1.4831 in February 2013 bounced up to 1.5751 (920 pips up) and crashed Down to 1.4813 in July 2013 (18 pips below February 2013 low). Now 2019, touched a low of 1.2423 in January, surged to a high of 1.3380 in February (957 pips up) and crashed down to 1.2406 current July 2019 low (18 pips below January 2019 low). The eventual move in 2013 after the July low was an aggressive bounce 1.6577 (1846 pips up move). Last year range was 1900 pips, so I can predict this year range to be a possible...
This might sound mad but in my picture box there is a gap at 6500 . But I also see a gap on EU 0780
  • #485,072
  • Jul 16, 2019 6:40am Jul 16, 2019 6:40am
Quoting Georginson
Pound is repeating the move it made in 2013, touched a low of 1.4831 in February 2013 bounced up to 1.5751 (920 pips up) and crashed Down to 1.4813 in July 2013 (18 pips below February 2013 low). Now 2019, touched a low of 1.2423 in January, surged to a high of 1.3380 in February (957 pips up) and crashed down to 1.2406 current July 2019 low (18 pips below January 2019 low). The eventual move in 2013 after the July low was an aggressive bounce 1.6577 (1846 pips up move). Last year range was 1900 pips, so I can predict this year range to be a possible...
Moty will happy to hear this one .. thank u buddy for ur research ..
  • #485,073
  • Jul 16, 2019 6:40am Jul 16, 2019 6:40am
Quoting Georginson
Pound is repeating the move it made in 2013, touched a low of 1.4831 in February 2013 bounced up to 1.5751 (920 pips up) and crashed Down to 1.4813 in July 2013 (18 pips below February 2013 low). Now 2019, touched a low of 1.2423 in January, surged to a high of 1.3380 in February (957 pips up) and crashed down to 1.2406 current July 2019 low (18 pips below January 2019 low). The eventual move in 2013 after the July low was an aggressive bounce 1.6577 (1846 pips up move). Last year range was 1900 pips, so I can predict this year range to be a possible...
Nice post thinking ahead
  • #485,074
  • Jul 16, 2019 6:43am Jul 16, 2019 6:43am
Does someone have a link to carney speech?
  • #485,075
  • Jul 16, 2019 6:44am Jul 16, 2019 6:44am
What about thoughts on this trade war with China .? Is it possible they are moving markets to make US goods more expensive ???
  • #485,076
  • Edited Jul 17, 2019 4:30am Jul 16, 2019 6:44am | Edited Jul 17, 2019 4:30am
Quoting Moty
{image}

Moty my friend try this out, best suited in the 5/15 min time frame.
Attached File(s)
File Type: mq4 sqDynamicBreakoutBox.mq4   39 KB | 210 downloads

Attached File(s)
File Type: ex4 sqDynamicBreakoutBox.ex4   80 KB | 179 downloads

Attached File(s)
File Type: mq4 StochRSI_basic.mq4   4 KB | 182 downloads

EDIT YOU WILL NEED TO GO INTO THE PROPERTIES AND CHANGE THE TIME FRAME SPEED TO MATCH YOUR CHART EVERY TIME.
THANKS GO's TO asgcorp
Attached Image (click to enlarge)
Click to Enlarge Name: BOXTOBOX.JPG Size: 141 KB
  • #485,077
  • Jul 16, 2019 6:50am Jul 16, 2019 6:50am
Quoting Theoak
{quote} Surely MR CARNAGE won’t say anything to de-value the pound anymore today…. Surely. Might have a punt (going against my better judgement as it is CARNAGE) Just common sense…. Surely he won’t!!!!!!! Only a small one its worth the comedy value alone! Don’t do Theoak… Don’t do it!!! Hand off the trigger at the moment!!! Very tempted!!!
Its Carnage... anything can happen... US data also on the way..
follow the flow of music $
  • #485,078
  • Jul 16, 2019 6:51am Jul 16, 2019 6:51am
2018 low 2428
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 35 KB
Intraday only.
  • #485,079
  • Jul 16, 2019 7:01am Jul 16, 2019 7:01am
Ok that’s hit confirming at this time a small 5 min short to . Do we shirt with stop at 40 ?
Quoting elbert3
Scalp 2435 see if it shorts from there
  • #485,080
  • Jul 16, 2019 7:04am Jul 16, 2019 7:04am
Hanging fire looking at 1 min 2425 might hold
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