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Cable Update (GBPUSD)

  • #493,161
  • Sep 15, 2019 8:08am Sep 15, 2019 8:08am
Quoting Han2019
Saw this on Bloomberg https://www.bloomberg.com/news/artic...ht-on-in-court Maybe this and his meeting with Juncker on Monday will cause some sort of retracement, thinking GU might range or retrace downward until the Fed's rate decision on Thursday, which should push up GU if the feds do indeed cut by another 25 points.
Cable going down, all the way down!
Do or do not, there is no try - Master Yoda
  • #493,162
  • Edited 9:31am Sep 15, 2019 8:15am | Edited 9:31am
Quoting BenWarburton
{quote} Cable going down, all the way down!
I originally thought GU would be going down earlier in the week, but after a sharp recovery on Thursday and Friday's push, I have to say that I was wrong. GBP looks strong despite all the Brexit chaos and news about lack of progress on the deal with EU and since feds should be cutting rate next Thursday, it is hard not to think that this might just be the start of a bull trend till we get close to the Brexit date in October
  • #493,163
  • Sep 15, 2019 3:14pm Sep 15, 2019 3:14pm
one hour before the open of the trading week , gu is retracing , The question is to where?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU d1.png Size: 48 KB
Click to Enlarge Name: GU h1.png Size: 53 KB
yes yes yes
  • #493,164
  • Sep 15, 2019 3:39pm Sep 15, 2019 3:39pm
The EURGBP is a pair I will be tracking this week. Here's my perspective on the pair.

On the daily time frame, the market is presently operating in a falling channel (black) after breaking out of a rising channel (blue). Last week, a relatively big bearish candlestick was printed within the falling channel. Characteristically, we may not see another big bearish move until a sideways of price action, particularly as price action is presently located at a significant horizontal support area, the 0.88770 zone.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily_September 15, 2019.png Size: 63 KB
Do your homework, follow the footprints of smart money
  • #493,165
  • Sep 15, 2019 3:46pm Sep 15, 2019 3:46pm
Quoting Moty
one hour before the open of the trading week , gu is retracing , The question is to where? {image} {image}
I am thinking maybe around 1.238 level before another up move, but let's see what happens.
  • #493,166
  • Sep 15, 2019 5:10pm Sep 15, 2019 5:10pm
Quoting Moty
one hour before the open of the trading week , gu is retracing , The question is to where? {image} {image}
I think to the 2380 area.
Weekly looks strong, could be in full on bullish reversal mode.
Retail positions are starting to flip bearish also after being bullish since May.
Come with me if you want to live....
  • #493,167
  • Edited 9:18pm Sep 15, 2019 8:33pm | Edited 9:18pm
Quoting Moty
one hour before the open of the trading week , gu is retracing , The question is to where? {image} {image}
gu is retracing , The question is to where?

Let's try the 1.2453/1.2445 area first IMHO Moty
Attached Image (click to enlarge)
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  • #493,168
  • Sep 15, 2019 9:55pm Sep 15, 2019 9:55pm
Quoting asgcorp
GBPUSD daily review. Res @ 2600, Supp @ 2300. This channel contains price action for past 12 months. Possible target zone for bulls after pullback - 2700-2900. 2300 is a great entry on buy side once GU completes pullback. Right now overbought, but I don't expect 2500 to stop the bull run. Max out near 2600 and then expecting a pullback. Good luck, traders! {image}

Hope you were not trading with REAL money in the past couple days, your analysis are just opposite of what's happening. Have you noticed on your accounts?
  • #493,169
  • Sep 15, 2019 10:39pm Sep 15, 2019 10:39pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 37 KB
yes yes yes
  • #493,170
  • Edited 11:25pm Sep 15, 2019 10:57pm | Edited 11:25pm
So market open with big gap down usdx and below daily weekly support and tl, likely range further down to 97.37 and more. Tanking mode usdx and others bull then till get the good support usdx 97.13 or so. Lets see.

And gbpusd likely breaks down 2425 to tl over limit next 2384 before jump!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #493,171
  • Sep 15, 2019 11:55pm Sep 15, 2019 11:55pm
Weekly first UP target is 2600 then 3000 it may take up to 2 months to reach second target
Attached Image (click to enlarge)
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  • #493,172
  • Sep 16, 2019 12:31am Sep 16, 2019 12:31am
Quoting Never
Weekly first UP target is 2600 then 3000 it may take up to 2 months to reach second target {image}
possible even with bottom test ,now target 2578 , next may 2654/2700 . take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #493,173
  • Sep 16, 2019 12:36am Sep 16, 2019 12:36am
Inserted Video
  • #493,174
  • Sep 16, 2019 1:47am Sep 16, 2019 1:47am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-09-16 09.45.40_1(2).jpg Size: 128 KB
yes yes yes
  • #493,175
  • Edited 2:23am Sep 16, 2019 2:04am | Edited 2:23am
Quoting Dingoman-two
{quote} gu is retracing , The question is to where? Let's try the 1.2453/1.2445 area first IMHO Moty {image}

As indicated, I am now looking for a bullish reversal.
EDIT It may go lower
Attached Image (click to enlarge)
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  • #493,176
  • Sep 16, 2019 2:26am Sep 16, 2019 2:26am
very choppy descent/pullback so far, bulls not giving up yet. 2520//2540 likely next target for bulls.
H1/H4 bull pressure is building.
  • #493,177
  • Sep 16, 2019 2:28am Sep 16, 2019 2:28am
Quoting Dingoman-two
{quote} As indicated, I am now looking for a bullish reversal. EDIT It may go lower {image}
nice. Yes, only buying dips 2420//2440 target is 2520//2540.
  • #493,178
  • Sep 16, 2019 2:29am Sep 16, 2019 2:29am
wti/brent 10 dollar gap up at market open. Used to have impact on GBPUSD, but not anymore.
  • #493,179
  • Sep 16, 2019 2:35am Sep 16, 2019 2:35am
1 part sold at 1,2468 waitint to add second at 1,2473 stop an tp open it might not go over 1,2530
  • #493,180
  • Sep 16, 2019 2:40am Sep 16, 2019 2:40am
I think we are in full on bullish reversal mode with some buy levels below.
Hold onto your hats ladies and gentlemen.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 24 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 28 KB
Come with me if you want to live....
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