Cable Update (GBPUSD)

Quoting cdndollar

Disliked

{quote} Good to see you active again Mr.T.. L/T markets rarely reverse in a "V" fashion.. my M/T bet is for DollarSwiss & its bigger sibling, the US Dollar to re-visit their 2011 historical lows again.. After many decades of enjoying the high life, the little dollar Swiss had been capped below parity since 2010.. old USDCHF chart from May, but the M/L/T bias still valid..

Ignored

Quoting dexter393

Disliked

{quote} Isn't it?

Ignored

Quoting TauTrader

Disliked

{quote} Good day to you, sir Hope you are well. I think it will push for 0.9510 and 0.9540 first as there are clusters of short stops there. Would want to take those out. I have a lower, longer term target of 0.9087. Will see where we end up eventually. Trade well! Regards

Ignored

Quoting Tsar

Disliked

{quote} This the H4 Chart... {image}

Ignored

Quoting blobsaudio

Disliked

Potential divergence forming on the 4HR time frame. {image}

Ignored

Quoting bbakker

Disliked

{quote} The middle pink demand area is actually a reaction to the bullish engulfing demand area to the left of it created at the start of the week, so technically the demand area is lower that includes week open/pivot. Best demand/supply areas are created by engulfing patterns. If you think you see a demand/supply area, look left to see if it was a reaction to another demand/supply area. Trade well and have a great weekend.

Ignored

Quoting bbakker

Disliked

{quote} Here is my take... based on the hourly chart. The higher the timeframe, the more reliable they are... {image}

Ignored

Quoting TauTrader

Disliked

Good day to you, With volatility expected later due to events, we need to look at possible areas of interest. To the upside - there will be a lot of interest to get to the 1.5690-1.5710 area, as there are thousands of fresh retail short stops in that 20 pip area. If we look at what are potential numbers below the current price, the number that stands out is 1.5540 - where we have the bulk of fresh retail long stops. I believe this will be the 2 important areas to look out for in coming sessions. The trick will be to identify where to first. It may...

Ignored

Quoting bbakker

Disliked

{quote} Here is my take... based on the hourly chart. The higher the timeframe, the more reliable they are... {image} P.S. Word of caution is that NFP will blow away the nearest lower timeframe zones. If the NFP figure is above the predicted 178k and unemployment drops from 7.4%, expect $ to strengthen considerably. If around the predictions, see some whipsaw action. If much lower and the unemployment % goes up, expect $ to weaken.

Ignored

Quoting mrfigure

Disliked

Cable will not see 5710

Ignored

Quoting mrfigure

Disliked

Cable will not see 5710

Ignored

Quoting TauTrader

Disliked

{quote} Good day, Looks like she is positioning to take out that 1.5540 first with a spike lower?...take all those longs stops out - then people start getting onto the short train. String them along. Few sessions down the line reverse to head to 1.5690-1.5710...sneaky Off to meetings. All the best

Ignored

Quoting bbakker

Disliked

{quote} How do you know that and do you mean today? I am short already with SL at BE+ as indicated on my chart posted earlier...

Ignored

Quoting fxtyrant

Disliked

im short the GBPCAD

Ignored