Cable Update (GBPUSD) | Page 25845 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #516,881
  • Apr 19, 2020 11:39am Apr 19, 2020 11:39am
Hey guys,

I’m looking forward to GDP Q1 on May 12.

I’m wondering if I should trade around that time.

What concerns me, and I was hoping I could get your guy’s thoughts on it, is I don’t know if GDP won’t contract as much as it should because of governmental spending, I.e. we won’t see the full extent of the contraction.

In short - will the contraction be muted by government spending?

Let me know your thoughts


Z
  • #516,882
  • Apr 19, 2020 12:59pm Apr 19, 2020 12:59pm
Although my current long term analysis will probably get blown out of the water due to the current condittions in the market we have the daily and monthly potentially pointing to long however the weekly closed up as a short. It will be interesting to see how we proceed in the following week, I will only be trading what I see in each day as the long term outlook will no doubt be completely different once things settle.

Daily:
Attached Image (click to enlarge)
Click to Enlarge Name: CableDaily.PNG Size: 55 KB

Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: CableWeekly.PNG Size: 70 KB

Monthly:
Attached Image (click to enlarge)
Click to Enlarge Name: CableMonthly.PNG Size: 56 KB
  • #516,883
  • Apr 19, 2020 3:48pm Apr 19, 2020 3:48pm
Here's my take on the GBPUSD. The GBPUSD market has been consolidating in the past few weeks within the context of a bearish pressure. The order flow context on the H4 time frame, with relatively small prints over several hours, indicates a weakening of bullish influence. But the technicals still give a slight edge to bulls. Presently the 1.25200/1.24090 zone (magenta) is where price action is at play. Therefore, I will watch how price action handles the area in the early part of this week.


I may be wrong. Stay safe, trade safe.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4_April 19, 2020.png Size: 40 KB
Do your homework, follow the footprints of smart money
  • #516,884
  • Apr 19, 2020 4:38pm Apr 19, 2020 4:38pm
Monthly's right ,maybe doji next
Doji next is confirm for that 1000 pip wick
Quoting Nathan9117
Although my current long term analysis will probably get blown out of the water due to the current condittions in the market we have the daily and monthly potentially pointing to long however the weekly closed up as a short. It will be interesting to see how we proceed in the following week, I will only be trading what I see in each day as the long term outlook will no doubt be completely different once things settle. Daily: {image} Weekly: {image} Monthly: {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #516,885
  • Apr 19, 2020 4:47pm Apr 19, 2020 4:47pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-04-19 at 22.43.37.png Size: 161 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #516,886
  • Apr 19, 2020 5:05pm Apr 19, 2020 5:05pm
Quoting Bones
{image}
It will be intersting to see how it all unfolds. While I do love long term analysis and it would be a wet dream for it to play out and create a nice swing positon I only look for 100 pips per week wich is miniscule compared to the potential moves
  • #516,887
  • Apr 19, 2020 5:10pm Apr 19, 2020 5:10pm
Quoting Nathan9117
Although my current long term analysis will probably get blown out of the water due to the current condittions in the market we have the daily and monthly potentially pointing to long however the weekly closed up as a short. It will be interesting to see how we proceed in the following week, I will only be trading what I see in each day as the long term outlook will no doubt be completely different once things settle. Daily: {image} Weekly: {image} Monthly: {image}
ThatS what IM THINKING. MAYBE ON MONDAY WE SEE BULL SETUP AT DAILY TF.
  • #516,888
  • Apr 19, 2020 5:13pm Apr 19, 2020 5:13pm
Quoting b_hand
{quote} ThatS what IM THINKING. MAYBE ON MONDAY WE SEE BULL SETUP AT DAILY TF.
No doubt I will be awake all night spying on the asian session right through till london open, depending on the price action it could be a long day
  • #516,889
  • Apr 19, 2020 5:23pm Apr 19, 2020 5:23pm
Just need patience on it ,see the close theres no route up to then ,so consolidate
Could go up but I forecast that monthly candle is a doji, on close.
Stretch to the downside is the buy opportunity ,not so much push up
I don't think Brexit can happen this year at all for a start, silly to try
USD potential is very bearish.


Quoting Nathan9117
{quote} It will be intersting to see how it all unfolds. While I do love long term analysis and it would be a wet dream for it to play out and create a nice swing positon I only look for 100 pips per week wich is miniscule compared to the potential moves
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #516,890
  • Apr 19, 2020 5:40pm Apr 19, 2020 5:40pm
Quoting Bones
Just need patience on it ,see the close theres no route up to then ,so consolidate Could go up but I forecast that monthly candle is a doji, on close. Stretch to the downside is the buy opportunity ,not so much push up I don't think Brexit can happen this year at all for a start, silly to try USD potential is very bearish. {quote}
Brexit is blown away big time compared to our current situation I also agree that any dumps to the down side are good buying oppertunitys but please people place your longs at decent low levels and not in no mans land trade safe everyone <3
  • #516,891
  • Apr 19, 2020 7:07pm Apr 19, 2020 7:07pm
1 hr break down
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Compulsions can be hard to resist
  • #516,892
  • Apr 19, 2020 7:20pm Apr 19, 2020 7:20pm
Don’t buy until after US close tomorrow. Sell now. Buy USDJPY until London opens later today then sell usdjpy
  • #516,893
  • Apr 19, 2020 10:12pm Apr 19, 2020 10:12pm
if it breaks 2575 today, then one can expect 2428
Intraday only.
  • #516,894
  • Apr 19, 2020 10:56pm Apr 19, 2020 10:56pm
expect more downside below 2498. For today.

Those who missed short entry can take when frankfurt opens. stop 2500.
Intraday only.
  • #516,895
  • Apr 19, 2020 11:48pm Apr 19, 2020 11:48pm
Beware on EG looks like hE wants to go up
  • #516,896
  • Apr 20, 2020 12:12am Apr 20, 2020 12:12am
M5

Good Morning

It is my Chart for Today's Trading

atb vvm
Attached Image (click to enlarge)
Click to Enlarge Name: 20.04-M5-1.png Size: 66 KB
PA Trading with EMAs & common Sense
  • #516,897
  • Apr 20, 2020 12:29am Apr 20, 2020 12:29am
Took short 1.2480. Target to be decided.. Expecting downside
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 226 KB
Forex Learner
  • #516,898
  • Apr 20, 2020 12:29am Apr 20, 2020 12:29am
Attached Image (click to enlarge)
Click to Enlarge Name: 20.04-M5-2.png Size: 42 KB
PA Trading with EMAs & common Sense
  • #516,899
  • Apr 20, 2020 12:33am Apr 20, 2020 12:33am
Somehow I don't expect much of a downside. I like how 2400 stood strong on Thursday and Friday and the bounce was quite good. I'll be buying these dips with SL 20 pips below 2400.
  • #516,900
  • Apr 20, 2020 12:38am Apr 20, 2020 12:38am
Attached Image (click to enlarge)
Click to Enlarge Name: 20.04-M5-3.png Size: 50 KB
PA Trading with EMAs & common Sense
448 traders viewing now