Cable Update (GBPUSD)

LATEST POLLS - remain on lead


http://opinionbee.uk/polls/eu-membership

Exactly

Not looking good for Remain - the last 3 polls have Leave in front by 1

There is a common perception that the neutrals will vote for Remain and women voters in general won't take the risk- but the Eurocrats don't exactly help themselves do they

I did read that they want the UK to leave the EU so businesses will re-locate to France and Germany

What a mess

GU Daily



Resistance: @1.478xx remains key and intact.
Pattern: Apparent channel up.
Candles: Difficult but the top of the doji (prior to today's candle) sets resistance (northern doji may indicate the end of the trend nearing).
Were today's candle to close as is it would be an inside day (and may well remain so).
Trends: This is sideways up for now but price trades above the 200 day SMA, Technical uptrend.
Key feature: This chart says the market is mostly fearful of Brexit.
Event risk: Severe

Although we are well aware of the news, the repeat the channel pattern and the failure of the bulls to take the resistance levels out by even a poke definitely suggests the risk is to the downside.
The RSI indicates that there is definitely room to the upside on the opposite side of the trade a relief rally could easily extend into the 1.52xxx area.

Probably the fear of extreme volatility and unexpected event risk makes it important to be most focussed on risk control if you feel you must trade, control the lot size, and use guaranteed stops.

$FTSE:LSE Daily (cash contract)

No fear here....



yet

ok

1.477X working wonders as i called about 3 weeks back. i promised to bet my neighbours house on a downward spiral too..
i am running an account aiming for 200 consecutive wins and also playing those trades on Demo on my T.E. lets see how the gamble goes!!!! Woohh!

gaining + 35 pips ... still open ...

Yes Luther. A "social convention" called generally "London close" or "Europe close" in the forex market environment.

"A convention is a set of agreed, stipulated, or generally accepted standards, norms, social norms, or criteria, often taking the form of a custom. Certain types of rules or customs may become law and regulatory legislation may be introduced to formalize or enforce the convention...etc..."

cable rising

Really nice to make 70 pips in 4 minutes

No one wants to sell!

polls = remain

Dang my short order at 1.4845 was missed by 2 pips

I should have reversed it - an extra 50 pips

One for the lessons log

smart money playing their card before london open

Its likely going to rebound up again, good chance 1.4770 may now act as support.

Cheers - fingers crossed-

The Aussies usually do something

149 would be cool to close
I take it at 148 500 - un pocita mas por favor

Then catch it on the way down.

141 700 as marked not on a close position as of yet

On my chart 1.4866 is the T3 resistance from the weekly pivot.

Long entry at 1.4772, see if she holds. Short stop.

good evening all gap needs to close keep it tight on any profits for me could be a big spike coming