Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#514,601
Mar 21, 2020 6:42am Mar 21, 2020 6:42am

MoreYummy
| Joined Sep 2008 | Status: Newbie | 551 Posts

Quoting 786FX

Disliked

Looks like scalping is really working for me and I should drop down from weekly to 1 minute charts now, Made insane profits in just one day. Thank you markets Never tried scalping before yesterday. and I must say wow {image}

Ignored

Try to do it in real money acccount with that amount. And keep doing it for years, and see if you handle it.

#514,602
Mar 21, 2020 9:06am Mar 21, 2020 9:06am

fxinfolab
| Joined Aug 2019 | Status: Trader | 7 Posts

I see a Sell on GBPUSD next week am I wrong or right?

#514,603
Mar 21, 2020 9:23am Mar 21, 2020 9:23am

vikinsa
| Commercial User | Joined Oct 2019 | 888 Posts

GBPUSD Fell to 35 year low but not all is lost. There are good confluences coming on this pair. If we get a good confirmation, we can have lucrative opportunity. Here is my analysis:

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Technical Analyst & Trader @ Vikinsa

#514,604
Mar 21, 2020 12:01pm Mar 21, 2020 12:01pm

Moty
Joined Dec 2017 | Status: Trader | 30,688 Posts

Both INVESTING and MT4 are right, each on their own side, though one broke support and the other did not

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yes yes yes

#514,605
Mar 21, 2020 2:45pm Mar 21, 2020 2:45pm

morfes2
| Commercial User | Joined Jul 2015 | 383 Posts

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#514,606
Mar 21, 2020 4:48pm Mar 21, 2020 4:48pm

countaccrue
| Joined Jan 2020 | Status: Trader | 208 Posts

Enormous buy opportunity GBP/USD profit-limit=1.21 quote 1.17.
Sure to close.

Count Of Antwerp

#514,607
Mar 21, 2020 6:33pm Mar 21, 2020 6:33pm

SCopier
Joined Sep 2012 | Status: Trader | 953 Posts

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#514,608
Mar 21, 2020 6:44pm Mar 21, 2020 6:44pm

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

that's an unknown low ,they can't be both right ,I've not seen a low like that before from investing
the flash gives completely different numbers on all platforms

Quoting Moty

Disliked

Both INVESTING and MT4 are right, each on their own side, though one broke support and the other did not {image} {image} {image}

Ignored

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

#514,609
Mar 21, 2020 8:28pm Mar 21, 2020 8:28pm

Stefan90csk
| Joined Jan 2020 | Status: Trader | 387 Posts

Since today all the pubs are closed, as funny as it sounds it should be taken into consideration.

Don't think that the pound is at low, it can always go lower...

Buying opportunity can appear, but even lower. A support is never broken at the first time.

I have my bets on a gap down with a buy with .18/19 tp. SL at at least .13050

Stay green and safe!

Patience and Discipline.

#514,610
Mar 22, 2020 11:52am Mar 22, 2020 11:52am

Fredo219
| Joined Aug 2019 | Status: Trader | 422 Posts

I need GBPUSD volatility to drop

Patience.....

#514,611
Edited Mar 23, 2020 4:57am Mar 22, 2020 3:55pm | Edited Mar 23, 2020 4:57am

KeenPips
Joined Dec 2015 | Status: Trader | 8,759 Posts

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

On the daily time frame, price action turned sideways after the printing of the multi-year low around 1.13950. Last Friday, bulls attempted a northward pullback from the area, but bears resisted the move, resulting in the printing of a bullish candlestick with a long upper tail which inched to the broken-down 1.19710 horizontal support area. Apparently, bulls are still active in the market.
Since the GBPUSD market is at an all-time low, we may see further sideways of price action or, even, a bullish move to an area of value.

I may be wrong. Trade safe and prosper.

KP

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