Cable Update (GBPUSD)

Will it go higher then 1.3200 mmmm

How risky is holding over the weekend in everyones opinion? I really don't think Ive ever done it even on a demo account!
Im stuck in a pretty rough short trade in case anyone was wondering...

holding pretty often over the weekend. To me the amount of drawback is not the case. It is more the leverage... off course it can move, in some extremes up to 20-50 points. So just be sure you dont get margin call. Better loose trade than account...

The last push up to 1.2530 before the weekend......then down.

80 pips in 7 minutes?

Taking this one off the table. All 3 longs closed
Cable at 1.2455 at the moment

They tried but failed.
Maybe a gap up on Sunday evening.....

GU was pretty much dead the last 2 market hours, EU still climbing, but GU was out of steam. There might be gap...but gap down, I think. It needs a correction early next week.

something like that could be heading for

A good sell 1.2950 or 1.3

your analysis was pretty correct!

We'll see....fingers crossed. The daily closed up strong so anything is possible.

Thank you from the time I posted the bottom was a confirm lower on the bigger charts , this changed cables trend as if you back test and breakouts of trend lines you will see cable was confirming breakout to the higher part of its tl . Since that bottom it’s being reversed so hence the bigger buys and that great fib that was put in place . And we’re did it finish the week . 61.8%on the nose . I think now we might see a down to 50% .2150 to 2300 area was a strong hold so it could correct to that area . Then if that supports up to 78% we will know if if ? We break 3200 that could be a long trend . Any fail then it could be ?? Could be a long way down . I will be looking at a new fib chart from the bottom to Fridays high to see any possible correction numbers . But also leave the old fib on in the background. Hope that makes sense.. regards E...ps gbj still needs to see 136 . That could come straight away bringing GU to that 78% or after any GU correction we spoke about .

this could be ?? Could be a flag it’s 100 pips . So in tech if it breaks to the high it should move 100 pips but the top is the 61.8fib area so it’s a good trading position to start Sunday’s thoughts . Breakout but have in mind the last post

1 hour it needs to be done on my pc for actually lines but you get the picture. Stay safe

Fitch Downgrades UK Credit Rating To AA-
https://www.forexfactory.com/news/98...ng-to-aa-after

Hi Guys, so far my best performing pair for the last week with decent pips made. Fitch downgrade could send this pair back down. My future weekly pivot at 1.21255 ish and probably a realistic target and magnet for shorts. I do not see this as confirmation for shorts yet, but will act when my system tells me so.

Will update next week
Cheers

Good news from USD stimulus package $2trillion. Shake the market Against.

Hi all, i only just joined this forum a couple days ago, but i recently funded my account after playing a lot of demo, and ive been really trying scalping cable only this week, fair to say it went very well, i know the market is so volatile right now with whats going on so my trades might not go off as quick but i didnt know if anyone had any tips on the pair they dont mind sharing, ill attach my weeks result below.

I am scalping so my tp is like 5 pips as im getting in and out in trades in seconds if not minutes

Thanks in advance.

Joe