Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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Post #488,261
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Aug 3, 2019 1:51pm Aug 3, 2019 1:51pm

asgcorp
Joined Feb 2014 | Status: trading bank levels | 8,143 Posts

on daily if we repeat the previous pattern from 2014 then it's possible that we are in the wave3 of the new 5 wave sequence.
And then this is the path to parity.

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Post #488,262
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Aug 3, 2019 3:17pm Aug 3, 2019 3:17pm

sgkrishn
Joined Oct 2013 | Status: Long term Analyst | 1,194 Posts

Expecting bull turn before brexit conclusion.oct 29

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Never follow/blame others,Patience is the key skill for Succesfull trading.

Post #488,263
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Aug 4, 2019 11:04am Aug 4, 2019 11:04am

aarash
| Joined Sep 2009 | Status: Member | 498 Posts

Quoting sgkrishn

Disliked

Expecting bull turn before brexit conclusion.oct 29 {image}

Ignored

Why you think brexit should effect bad on GBP?

Post #488,264
Quote
Aug 4, 2019 11:13am Aug 4, 2019 11:13am

fontu
Joined Mar 2008 | Status: Name real with real own way | 18,523 Posts

Quoting asgcorp

Disliked

on daily if we repeat the previous pattern from 2014 then it's possible that we are in the wave3 of the new 5 wave sequence. And then this is the path to parity. {image}

Ignored

hope so and may waste time around monthly/ weekly/ daily supports zone before down. apparently playing at the middle of the present range in higher tf 1300 to 2800 big and smaller 2381 to 1900.so extremely bearish though at best support zone possible presently!!

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Not understand?never follow my analyses!

Post #488,265
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Aug 4, 2019 11:25am Aug 4, 2019 11:25am

Sobx
| Membership Revoked | Joined Aug 2019 | 16 Posts

No I would say Shorting from Resistance would be a good Plan. First being 1.22490 and Second being 1.2351.

Enjoys the Ride Down from Here.

See you

Bye Bye

Post #488,266
Quote
Aug 4, 2019 12:19pm Aug 4, 2019 12:19pm

tinnitus
| Joined Aug 2019 | Status: noise trader | 92 Posts

I am going to short from 12250 although I have a feeling the relatively weak 12180 area might be relatively respected and it'll pop back to 12080. My first post though so no one should listen to me!

Hypocrite lecteur, mon semblable, mon frere!

Carry Basket Case All Time Return: 4.4%

Post #488,267
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Aug 4, 2019 1:11pm Aug 4, 2019 1:11pm

Moty
Joined Dec 2017 | Status: Member | 21,602 Posts | Online Now

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Post #488,268
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Aug 4, 2019 1:59pm Aug 4, 2019 1:59pm

navk
Joined Oct 2010 | Status: Trader | 15,493 Posts

tomorrow, daily R1, THEN retrace down..... for bog move up.

GU.

Intraday only.

Post #488,269
Quote
Aug 4, 2019 3:27pm Aug 4, 2019 3:27pm

Neil0163
Joined Jul 2017 | Status: Active member | 1,655 Posts

Gu hit the 1.618 extension so what do I expect?

Trend is still clearly down but I am expecting the market to somewhat pull back, looking on the daily previous structure comes in nicely at the 61.8 fib retracment along with the nice psychological whole number of 1.24 and a trend line tap, could we see a pull back to here? Potentially

Looking at the 4 hour we still have not had a bullish trend change but price could be forming a inverted head and shoulder pattern.

This is countertrend trading so I'll more than likely just sit back and watch

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Post #488,270
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Aug 4, 2019 3:44pm Aug 4, 2019 3:44pm

Moty
Joined Dec 2017 | Status: Member | 21,602 Posts | Online Now

W1+D1

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Post #488,271
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Aug 4, 2019 4:39pm Aug 4, 2019 4:39pm

KeenPips
Joined Dec 2015 | Status: Member | 7,346 Posts

Here's my take on the GBPUSD, from the technical perspective of a swing trader.

Price action is operating in a falling channel (blue) on the daily time frame. A bottoming pattern has formed around the 1.21600 horizontal resistance zone and it is reacting near the channel support trendline. This may translate to a bullish pullback in the days ahead; perhaps, targeting the channel resistance trendline before a southward turnaround. In the short-term we are likely to have a northward pullback, but in the medium term the market is technically bearish. Thus, any bullish move is likely to be short-lived.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money

Post #488,272
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Aug 4, 2019 5:03pm Aug 4, 2019 5:03pm

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 17,905 Posts

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Come with me if you want to live....

Post #488,273
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Aug 4, 2019 5:47pm Aug 4, 2019 5:47pm

Sun22
| Joined Jul 2019 | Status: Junior Member | 2 Posts

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Post #488,274
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Aug 4, 2019 6:38pm Aug 4, 2019 6:38pm

msniper
Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,582 Posts

waiting for these arrows to go short for new low. I am expecting 1.195x but I might exit before that

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Post #488,275
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Aug 4, 2019 6:43pm Aug 4, 2019 6:43pm

Gilaforex13
Joined Mar 2018 | Status: Member | 1,529 Posts

I want to see 1 spike to make decision.

Post #488,276
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Aug 4, 2019 8:51pm Aug 4, 2019 8:51pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

Quoting DailyChart

Disliked

{quote} Swiss {image}

Ignored

Thats why i never trade below D1
all the 4h support broken and price consolidate around the lines now

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Post #488,277
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Aug 4, 2019 8:55pm Aug 4, 2019 8:55pm

DailyChart
Joined Nov 2013 | Status: Equilibrium Zones | 2,356 Posts

Quoting DailyChart

Disliked

Trying Long The Pound with 30 Pips stop {image}

Ignored

so far so good

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Post #488,278
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Edited 9:34pm Aug 4, 2019 9:07pm | Edited 9:34pm

Dingoman-two
Joined Aug 2017 | Status: Just a little Aussi Battler | 4,450 Posts

Quoting msniper

Disliked

waiting for these arrows to go short for new low. I am expecting 1.195x but I might exit before that {image}

Ignored

My call for the week folks, the fibs are set up on the daily chart.

Edited the chart.

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Post #488,279
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Edited 11:03pm Aug 4, 2019 10:51pm | Edited 11:03pm

navk
Joined Oct 2010 | Status: Trader | 15,493 Posts

Sold between 2172 and 2180. ( sell limits placed on friday )
Booked at 2152.

Broker has some server issues for use by clients, so had to call them over phone to set TP. And trades closed.
Client terminal not working whereas brokers support staff are able to alter or close trades.
Strange.
They say it will take 4 hrs to fix problem. So london open ahould be fine.

Intraday only.