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Cable Update (GBPUSD)

  • #512,941
  • Feb 29, 2020 3:23am Feb 29, 2020 3:23am
Cable can surprise to the upside next ,I think speculation may drive it alone

Quoting msniper
{quote} there is a scenario in my mind that GU will go back to 1.30 level again before heading down again. unless it break the 1.3150 then no more down
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,942
  • Edited 8:16pm Feb 29, 2020 3:47am | Edited 8:16pm
they need to stop the panic ,which is damaging alone.
they won't use the word pandemic ,yet that what it is today.Thats why the Fed has to step in.
With this you can't trust governments to be fully transparent ,Trump going on about no deaths in USA like there be isolated .
They are not he's gone too far

The R0 needs to be below 1 to stop the expansion, all they can do is delay it now
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,943
  • Feb 29, 2020 4:03am Feb 29, 2020 4:03am
Quoting Not-KPMG
Damn...

Budget. No economy .... So fundamentals are DOWN .

You said Hold??!?

Do u realize negative swap is paid . Ask Onlinus . I'm adding shorts. My target (say a month+) is 1.29.

Then stop hunt below.... piece of cake .
BECAUSE retail are LONG. Where to add short? Everywhere. Good luck.
Done , dusted, tons of profit.

Anyone applaud my forecast?


Now longs are killed.... Wait... Up again...
Beware of robber banks (RB), bad advisors.
  • #512,944
  • Feb 29, 2020 4:09am Feb 29, 2020 4:09am
Quoting Not-KPMG
Long Addicted has a mixed point. Not sure... but i can't click
.. Let's see medium term. I don't see 1.26... below . I just say swings 1.2650-3200 area.

For now. We'll see in a month what's cooking ...... o.
As I always said - pound is a crooked game by the banksters .

Once you understand .. And patience... Profit comes
Beware of robber banks (RB), bad advisors.
  • #512,945
  • Feb 29, 2020 4:11am Feb 29, 2020 4:11am
Quoting Bones
Cable can surprise to the upside next ,I think speculation may drive it alone {quote}
YES.
Great wisdom Bones

After next possible hunt down...
I think 1.3030 is next possible up.

Always STOP HUNT.
Beware of robber banks (RB), bad advisors.
  • #512,946
  • Feb 29, 2020 4:19am Feb 29, 2020 4:19am
Quoting sadeghi
if there is no agreement ( trade war and brexit ), the next step after 2913 : 2864 and 2796
This guy posted an year ago!!!! Still golden advice
Beware of robber banks (RB), bad advisors.
  • #512,947
  • Feb 29, 2020 7:14am Feb 29, 2020 7:14am
Quoting zenmeden
{quote} i think same bro...im pending buy 2825
Hello all we have completed the 50% Fib at 1.27, the next target may be at 1.2550 (61.80 fib) but this depend on coming week central banks
meeting and Brexit deals & Trade Agreement with EU also the virus - new low has been created but no new high also keep in mind
that we will touch sooner or later the 1.32 because of monthly candle gap and from there the market direction will change
where it will start going LOWER LOW OR HIGHER HIGH ! ? don't dream of going to 1.11 or 1.40 it depend on time
it may take months or year to be completed - always catch the thing which on hand i don't know how may retail traders
be trap in 1.27 so that sounds sad, we will touch 1.32 keep in mind may be after new low or slowly straight from 1.27
take care guys see you all happy - have a coming weekly profit
To Win You Must Loss Something ...
  • #512,948
  • Edited 7:39pm Feb 29, 2020 7:26pm | Edited 7:39pm
I'm looking at how it opens , and the open gap before continuation is possible
EU and UJ was not the $ at work yet but Eur and Jpy
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,949
  • Feb 29, 2020 7:39pm Feb 29, 2020 7:39pm
Quoting Not-KPMG
{quote} Done , dusted, tons of profit. Anyone applaud my forecast? Now longs are killed.... Wait... Up again...
Not in the slightest, you just dribble crap.
  • #512,950
  • Mar 1, 2020 4:45am Mar 1, 2020 4:45am
Looking at the weekly, all the levels where the bullish momentum failed was sparked by the Corona Virus, not fundamentals. Markets are faced with a biological crisis, which in my view caused this sell-off knee-jerk reaction. I closed my longs 60 pips before my stop loss, but because the market always self-corrects, I will be entering long again as the weekly bullish correction remains incomplete. On the fundamentals front, the late GBP bounce on Friday was caused by Powell's comments on a rate cut, which will result in an even more bullish pound.

Trade Safe. Until next week...
Guz
Charts don't drive price, market conditions drive price...
  • #512,951
  • Mar 1, 2020 5:24am Mar 1, 2020 5:24am
Quoting Guztro
Looking at the weekly, all the levels where the bullish momentum failed was sparked by the Corona Virus, not fundamentals. Markets are faced with a biological crisis, which in my view caused this sell-off knee-jerk reaction. I closed my longs 60 pips before my stop loss, but because the market always self-corrects, I will be entering long again as the weekly bullish correction remains incomplete. On the fundamentals front, the late GBP bounce on Friday was caused by Powell's comments on a rate cut, which will result in an even more bullish pound....

if it falls enough i am sure it will be bullished eventually as you been for these last months, so you hold on to longs :-) I assume that you beeing as experienced you dont trade only one way...

Anyway, we closed this November gap this last week. For the fun of it we can catch some more stops maybe in the 27 levels again and bounce at the weekly ichimoko cloud at 1.266x to go up. But i dont underestimate the “manipulation” in the comming month of brexit negotiates so this could go some more bad for the fun of it...
  • #512,952
  • Mar 1, 2020 5:42am Mar 1, 2020 5:42am
A bullish retrace this week is to be sold off.
This is clear
  • #512,953
  • Mar 1, 2020 5:57am Mar 1, 2020 5:57am
Quoting Guztro
Looking at the weekly, all the levels where the bullish momentum failed was sparked by the Corona Virus, not fundamentals. Markets are faced with a biological crisis, which in my view caused this sell-off knee-jerk reaction. I closed my longs 60 pips before my stop loss, but because the market always self-corrects, I will be entering long again as the weekly bullish correction remains incomplete. On the fundamentals front, the late GBP bounce on Friday was caused by Powell's comments on a rate cut, which will result in an even more bullish pound....
I see Corona virus only getting worse.
Fundamentals will also only get worse.

Dollar with strengthen with people looking for reserve haven.
Careful with longs.
This is a bearish GBPUSD market
  • #512,954
  • Mar 1, 2020 5:59am Mar 1, 2020 5:59am
Quoting krst8
{quote} if it falls enough i am sure it will be bullished eventually as you been for these last months, so you hold on to longs :-) I assume that you beeing as experienced you dont trade only one way... Anyway, we closed this November gap this last week. For the fun of it we can catch some more stops maybe in the 27 levels again and bounce at the weekly ichimoko cloud at 1.266x to go up. But i dont underestimate the “manipulation” in the comming month of brexit negotiates so this could go some more bad for the fun of it...
I think it will definitely go more bad.

Bullish analysis is based on hope, not logic.
  • #512,955
  • Mar 1, 2020 7:50am Mar 1, 2020 7:50am
Not confusing any one but as my eyes sees next 3 week of mark is bullish and the 4 week of mark price falling further down
the price will touch 1.27 or little high higher of the new low or little lower the new low - i am pure price action trade
it my view not confusing other but have to mention here it may help other or if i am wrong please
give me the reason for falling more ? - thanks
To Win You Must Loss Something ...
  • #512,956
  • Mar 1, 2020 9:01am Mar 1, 2020 9:01am
GBP down ~2% with 1-6 month duration.

I suspect I will see a response bearish beginning around next week with the EUR as the USD rebounds with AUD and CAD.
Count Of Antwerp
  • #512,957
  • Mar 1, 2020 10:24am Mar 1, 2020 10:24am
My take......
Scenrario 1: Bearish until 1.26xxx (Coreg2004 illustrated this) with a bounce back up to the 200EMA line.
Scenarion 2: New low at 1.2715 and ABC to 1.3115 then DOWN.

What's important for me is how it broke the 200 EMA but still closed above the 333SMA (my indicators...so haters need not comment). This tells me that the LT trend has shifted down with high probability of closing below the 333s.
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Lost....
  • #512,958
  • Mar 1, 2020 1:51pm Mar 1, 2020 1:51pm
Check out this week's #ForexWeekly analysis update and forecast on GBPUSD

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Technical Analyst & Trader @ Vikinsa
  • #512,959
  • Mar 1, 2020 2:07pm Mar 1, 2020 2:07pm
Still bullish on GBP

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COT: The precious data ignored
  • #512,960
  • Mar 1, 2020 3:51pm Mar 1, 2020 3:51pm
#GBPUSD / Weekly, Daily & H4
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