GBP/USD outlook | Page 81 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies

Gbp/jpy = Gbp/usd X Usd/jpy ?? 5 replies

History Data Usd/gbp Not Gbp/usd 2 replies

Attachments: GBP/USD outlook
Exit Attachments

GBP/USD outlook

  • #1,601
  • May 6, 2016 5:53am May 6, 2016 5:53am
Quoting Ill-b-back
waiting for candle close {image} {image} {image}
maybe 1hr hybrid already showing the way?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 28 KB
Come with me if you want to live....
  • #1,602
  • May 6, 2016 5:57am May 6, 2016 5:57am
hi ill be back,

she does seem to want to go up,concidering all the negative economic releases .
  • #1,603
  • May 6, 2016 6:07am May 6, 2016 6:07am
Quoting diceman555
hi ill be back, she does seem to want to go up,concidering all the negative economic releases .
Yep, could do.

UC agrees. time to short on the retest?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 26 KB
Click to Enlarge Name: USDCADH4.png Size: 28 KB
Come with me if you want to live....
  • #1,604
  • May 6, 2016 6:09am May 6, 2016 6:09am
Quoting diceman555
hi ill be back, she does seem to want to go up,concidering all the negative economic releases .
nice to see you by the way Dice , been a long time.
Come with me if you want to live....
  • #1,605
  • May 6, 2016 6:19am May 6, 2016 6:19am
taken a short off 61.8 retrace/1hr resistance
will likely add in (if) we get a closed break of the red (if I'm not in bed)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 23 KB
Come with me if you want to live....
  • #1,606
  • May 6, 2016 6:42am May 6, 2016 6:42am
about 280 pips off GA closed out before nfp
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 20 KB
Come with me if you want to live....
  • #1,607
  • May 6, 2016 7:50am May 6, 2016 7:50am
Quoting Ill-b-back
taken a short off 61.8 retrace/1hr resistance will likely add in (if) we get a closed break of the red (if I'm not in bed) {image}
got out of that idea quicksmart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 25 KB
Click to Enlarge Name: USDCADDaily.png Size: 28 KB
Come with me if you want to live....
  • #1,608
  • May 6, 2016 7:51am May 6, 2016 7:51am
off to bed
Come with me if you want to live....
  • #1,609
  • Edited 7:05am May 7, 2016 4:53am | Edited 7:05am
ea is in monthly consolidation. If it breaks the main descending TL (and resistance) , I think we have possible targets above
If it breaks the ascending TL below, then it has shit the bed.
Overall, I am very bearish AU on high TF's as we descended back from the monthly TL so looking out for a break above.

Weekly and daily chart shows an area of interest to look for longs on a retrace
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDMonthly.png Size: 32 KB
Click to Enlarge Name: EURAUDWeekly.png Size: 37 KB
Click to Enlarge Name: EURAUDDaily.png Size: 34 KB
Come with me if you want to live....
  • #1,610
  • Edited 6:01pm May 7, 2016 5:27pm | Edited 6:01pm
I get the feeling we are soon to get a bounce off weekly support level(s) after Aprils bullish monthly bar
I think the weekly 55ema above will get knocked out of the park as it makes an aggressive move towards 1.55/200ema area.
note red channel break and retest, blue channel next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 39 KB
Click to Enlarge Name: GBPUSDMonthly.png Size: 28 KB
Come with me if you want to live....
  • #1,611
  • May 8, 2016 3:15am May 8, 2016 3:15am
uj looking prime to short soon, waiting for the daily/weekly retest.
Currently bouncing off a weak monthly TL, (last chart), I don't think it will hold
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 24 KB
Click to Enlarge Name: USDJPYWeekly.png Size: 26 KB
Click to Enlarge Name: USDJPYMonthly.png Size: 33 KB
Click to Enlarge Name: USDJPYMonthly1.png Size: 32 KB
Come with me if you want to live....
  • #1,612
  • May 8, 2016 11:57pm May 8, 2016 11:57pm
au looks like a buy at 7212 or a sell around 7450ish
Come with me if you want to live....
  • #1,613
  • May 9, 2016 1:43am May 9, 2016 1:43am
Aussie showing overall direction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDMonthly.png Size: 26 KB
Click to Enlarge Name: AUDUSDWeekly.png Size: 25 KB
Come with me if you want to live....
  • #1,614
  • May 9, 2016 2:14am May 9, 2016 2:14am
some interesting confluence on the DOW around 18960
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US30Monthly.png Size: 22 KB
Click to Enlarge Name: US30Monthly1.png Size: 28 KB
Come with me if you want to live....
  • #1,615
  • May 9, 2016 2:21am May 9, 2016 2:21am
UC opened above immediate weekly TL, leaving this pair alone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 21 KB
Click to Enlarge Name: USDCADWeekly1.png Size: 25 KB
Click to Enlarge Name: USDCADMonthly.png Size: 31 KB
Come with me if you want to live....
  • #1,616
  • May 9, 2016 4:41am May 9, 2016 4:41am
Quoting Ill-b-back
UC opened above immediate weekly TL, leaving this pair alone {image} {image} {image}
Have been reading for awhile your journal and i believe your system and trade set ups and market analysis is pretty much spot on. I salute you for that sir.

i will post my current positions in the market. watching euro and GBP for weeks now and i saw a bearish sentiment on both of them but both of the pair is nearing or say with GBP already touches key support level that is the reason why i test the market. I had a bearish ride last week and squared last friday but today i was anticipating a retrace so just want to take profit a little if opportunity lets me

here's my position... feel free to shed your kind insights into it... anything welcome sir...

Attached Image (click to enlarge)
Click to Enlarge Name: show1.png Size: 88 KB



regards
  • #1,617
  • May 9, 2016 7:25am May 9, 2016 7:25am
Quoting tradeur
{quote} Have been reading for awhile your journal and i believe your system and trade set ups and market analysis is pretty much spot on. I salute you for that sir. i will post my current positions in the market. watching euro and GBP for weeks now and i saw a bearish sentiment on both of them but both of the pair is nearing or say with GBP already touches key support level that is the reason why i test the market. I had a bearish ride last week and squared last friday but today i was anticipating a retrace so just want to take profit a little if...
Hi Tradeur, welcome
I'm waiting to see if GU can head down to 4350/43 area before looking for longs
Looking at current daily momentum, I'm not sure the Aussie will get a bounce until we hit the next fib and weekly reaction zone around 72xx. I'll be watching PA from there. We are on a stiff weekly support zone right now so I can't short, but not confident about longs yet.
will see how she roles.
All the best for you
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDWeekly.png Size: 28 KB
Click to Enlarge Name: AUDUSDDaily.png Size: 30 KB
Come with me if you want to live....
  • #1,618
  • May 9, 2016 7:33am May 9, 2016 7:33am
Quoting Ill-b-back
{quote} Hi Tradeur, welcome I'm waiting to see if GU can head down to 4350/43 area before looking for longs Looking at current daily momentum, I'm not sure the Aussie will get a bounce until we hit the next fib and weekly reaction zone around 72xx. I'll be watching PA from there. We are on a stiff weekly support zone right now so I can't short, but not confident about longs yet. will see how she roles. All the best for you {image} {image}
thank you sir, you are spot on. i was looking for a quick retrace for GBP and just want to cash some but it seems like very sluggish right now. I will just put sell on stop at 4350 just in case previous swing low will be taken again...

for now, will just continue watching market.

cheers
  • #1,619
  • May 9, 2016 7:33am May 9, 2016 7:33am
with the Euro monthly finally giving a strong close in March, I am curious about the weekly staircase taking shape and a possible 4hr TL break off weekly support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 26 KB
Click to Enlarge Name: EURUSDWeekly.png Size: 34 KB
Click to Enlarge Name: EURUSDH4.png Size: 21 KB
Come with me if you want to live....
  • #1,620
  • May 9, 2016 7:40am May 9, 2016 7:40am
Quoting tradeur
{quote} thank you sir, you are spot on. i was looking for a quick retrace for GBP and just want to cash some but it seems like very sluggish right now. I will just put sell on stop at 4350 just in case previous swing low will be taken again... for now, will just continue watching market. cheers
A sell stop at 4350?
I'm not sure that's a good idea to be honest, it looks like another daily support area and pattern retest.
Personally, I'm looking for a bullish bounce from around 4350/4300 area, then see if we get a bullish 4hr TL break.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Come with me if you want to live....
2 traders viewing now