Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#491,921
Edited 5:16am Sep 4, 2019 5:05am | Edited 5:16am

MXT
Joined Dec 2005 | Status: Trader | 2,857 Posts

the worst of worst nightmare scenarios :

elections are called , Labour asks for an extension , no extension , UK exits the EU , then Labour wins the elections and later asks to re-enter the EU at a worse deal

#491,922
Sep 4, 2019 5:06am Sep 4, 2019 5:06am

pipoman
| Joined Apr 2009 | Status: Trader | 44 Posts

Quoting navk

Disliked

{quote} see this {image}

Ignored

Is that Pivot level? Standard or Fib?

#491,923
Sep 4, 2019 5:07am Sep 4, 2019 5:07am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Its more like sending your dim wife off to buy a car and that car is a horror
So you have to go down to the dealer yourself to get your money back

*May is the dimbo

Quoting msniper

Disliked

{quote} they did it before though, but the EU won't renegotiate. so its like saying renegotiate, but the other party says no. so default is no deal anyway its like sending your wife to buy a car, she negotiates a price, comes back, husband says he wants better deal, wife goes back. dealer says no more negotiating, either accept or no deal. the parliament is the husband

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#491,924
Sep 4, 2019 5:08am Sep 4, 2019 5:08am

greengp
Joined Oct 2017 | Status: Trader | 3,500 Posts

Sell the crap one minute chart

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#491,925
Sep 4, 2019 5:09am Sep 4, 2019 5:09am

Dingoman-two
Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts

Quoting dingoman-two

Disliked

{quote} it has broken through, i would expect some sort of pull back here soon/maybe "or not"

Ignored

4 hour charts next resistance that is of interest to me is at 1.23097 area, plus its a supply area as well, untested as yet, so it should be loaded up with sellers.

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#491,926
Sep 4, 2019 5:09am Sep 4, 2019 5:09am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

Quoting pipoman

Disliked

{quote} Is that Pivot level? Standard or Fib?

Ignored

https://www.forexfactory.com/showthr...5#post12039975

Intraday only.

#491,927
Sep 4, 2019 5:10am Sep 4, 2019 5:10am

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

I think 1.22 area will offer some temporary resistance

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

#491,928
Sep 4, 2019 5:10am Sep 4, 2019 5:10am

knkie
Joined Apr 2012 | Status: Stunning | 6,815 Posts

Quoting MXT

Disliked

the worst of worst nightmare scenarios : elections are called , Labor asks for an extension , no extension , UK exits the EU , then Labor wins the elections and later asks to re-enter the EU at a worse deal

Ignored

this is my prediction, and please take it with as many grains of salt as you can

- new elections, Boris needs the Brexit Party for a majority;
- they form the majority and no deal exit on october 31st
- markets crash in november
- europe finds out they made a boo boo, the dutch lose their fishing rights, the french lose the economic growth in the north west , Italy oges full on anti EU, the East Block cosy's up to Russia, the French elect Le Pen
- GB makes an anti EU deal with Trump

in wondering about yourself, you forgot what you came here to be part of

#491,929
Sep 4, 2019 5:11am Sep 4, 2019 5:11am

greengp
Joined Oct 2017 | Status: Trader | 3,500 Posts

Sold at 1.21852 sl 1.21922 test water

#491,930
Sep 4, 2019 5:12am Sep 4, 2019 5:12am

navk
Joined Oct 2010 | Status: Trader | 21,479 Posts

probably 2195/2200 will pull back te price to 2150 first.

Intraday only.

#491,931
Sep 4, 2019 5:14am Sep 4, 2019 5:14am

greengp
Joined Oct 2017 | Status: Trader | 3,500 Posts

If he tress pass another issue

#491,932
Sep 4, 2019 5:14am Sep 4, 2019 5:14am

fxke62
| Joined Jul 2019 | Status: Trader | 53 Posts

Quoting Bones

Disliked

They won't while parliament acts up, It's only an extension I think 3-month they're after in the act and take no-deal off the table full stop A Uk election is the only way now EU would love to have another go at the vote, that's their plan and Boris wants an election with a majority of one, now none {quote}

Ignored

I don't get the point of 3 months extension anyway. After more than 3 YEARS parliament can only vote for things they DON'T want.
That suddenly they will agree on a workable (changed) deal that is also acceptable for the EU, while also being focused on campaigning...that's a near zero chance I think.

#491,933
Sep 4, 2019 5:14am Sep 4, 2019 5:14am

Marcieny
Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts

when uk leave the EU pound drops and i will wait a few hours to buy.

they must have already discovered that Brexit will be good for them!!!

#491,934
Sep 4, 2019 5:17am Sep 4, 2019 5:17am

pipoman
| Joined Apr 2009 | Status: Trader | 44 Posts

Quoting navk

Disliked

{quote} https://www.forexfactory.com/showthr...5#post12039975

Ignored

Thanks navk!

Good luck! lemme go explore it :E

I trade GC mainly so i am not sure if it can work on this pair

#491,935
Edited 8:17pm Sep 4, 2019 5:18am | Edited 8:17pm

Dingoman-two
Joined Aug 2017 | Status: Just a little Aussi Battler | 4,569 Posts

Quoting Dingoman-two

Disliked

{quote} 4 hour charts next resistance that is of interest to me is at 1.23097 area, plus its a supply area as well, untested as yet, so it should be loaded up with sellers. {image}

Ignored

Another look at the daily chart, should give some a clearer insight as to what's going on,
EDIT; As I pointed out to Ganam earlier, the rsi 5 has raised above the 50% line, and this macd histogram bar is higher than the last one. all bullish.
EDIT:2 All that the bulls have to do now is get through my 49 LWMA, the bearish channel, and all the sellers at the above supply area,

"should be easy, or maybe not"