Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#551,341
Oct 6, 2020 1:31am Oct 6, 2020 1:31am

epzero
Joined Oct 2019 | Status: Trader | 1,132 Posts

cable has been struggling to go up so IMO a fall is coming soon, 9 days of buying and it's just 300pips just one single sell of 200pips will wipe all that away so bulls becareful.

#551,342
Oct 6, 2020 1:35am Oct 6, 2020 1:35am

judah11
| Joined Sep 2020 | Status: Trader | 14 Posts

Quoting haliss

Disliked

According to my dashboard it is not safe to trade GBPUSD {image}

Ignored

I would like to have the strength meter you are using, please can you upload?

Thanks

#551,343
Oct 6, 2020 1:54am Oct 6, 2020 1:54am

amoremia
Joined Jul 2015 | Status: Trader | 85 Posts

Up or down or consolidate? Any catalyst reason to move the cable?

end of the month, u r already a winner

#551,344
Oct 6, 2020 1:56am Oct 6, 2020 1:56am

VM.
| Joined Feb 2020 | Status: Trader | 629 Posts

Current market optimism (stocks up, USD and JPY down) is caused by US stimilus hopes. If it is agreed between White House and Democrats, then we can continue to rally. Until this happens (and it is difficult to judge whether it would happen at all), we can pierce 1.3 for a quick stop hunt, but I don't expect a strong drive higher.

#551,345
Oct 6, 2020 1:56am Oct 6, 2020 1:56am

RCtrader
Joined Aug 2018 | Status: Joyful and Proud | 2,001 Posts

The outlook is bullish for gbpusd, but 1.3000 is strong psychological support.
GBPUSD October in the Spotlight

Risk Management is of utmost importance!

#551,346
Oct 6, 2020 2:07am Oct 6, 2020 2:07am

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

up up and away

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yes yes yes

#551,347
Oct 6, 2020 2:14am Oct 6, 2020 2:14am

okanemici
Joined Jan 2012 | Status: Trader | 1,005 Posts

Quoting okanemici

Disliked

Exited my long at 1.2985 for now. Nice 70 pips. Will look for reentry around 1.2930 45 if drops.

Ignored

Long again, this ain't dropping)) This time must give me 1.3070 then higher

#551,348
Oct 6, 2020 2:17am Oct 6, 2020 2:17am

epzero
Joined Oct 2019 | Status: Trader | 1,132 Posts

Quoting epzero

Disliked

cable has been struggling to go up so IMO a fall is coming soon, 9 days of buying and it's just 300pips just one single sell of 200pips will wipe all that away so bulls becareful.

Ignored

many buyers will be trapped