A possible scenario of course if your long that is.
129 zone might just confirm a poss return to 130 zone. Prior to NFP 130 might sit well on price before NFP
All probabilities of course. Nothing ever guaranteed esp with this pair.
Cable Update - Continued 102 replies
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Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedthere are no absolutes in the market, but unless price breaks above 1.3(magenta line - it took all of three months to break these trendlines) in next 48hrs, a sell with a tp of 1.27 looks good. and whats this with crowd mentality? whatever happened to trading what you see? {image}Ignored
Dislikedi am long too from 49 and 72 lets see what happen and these traders long too {image}Ignored
Disliked{quote} I see a strong reversal (bull) candle on the 4h from a major level of support at 2828Ignored
Dislikedi think this is these days is end of bearish on pond maybe go some lower with a quick shadow but market go backIgnored
DislikedBeing long on GU is like picking up pennies in front of a train. A good trade is a long trade not taken. Just short the crap out if on every up move. {image}Ignored
Disliked{quote} that candle looks very bullish. but the context! I mean, not unlsess you are scalping for a few pips, the context is too bearish. but if you are right, there is over 1000 pips to be made being bullish, but be ready to jump ship at the first sign of danger. look at your chart, from the 30mins chart to the yearly chart, its all too bearish to ignore. ill tell you this, those who try to pick tops and bottoms have to be ready to be wrong countless times so that they are right once. those who follow the trend, will stay with the trend for as...Ignored
Disliked{quote} If I look post brexit vote I see cable ranging somewhere between 1.35xx and 1.28xx. I see that we are at the bottom of that range at present. I would not confirm long yet until I see higher lows and higher highs. This may be some time off. Sentiment would suggest that Cable is going to fall further as USD interest rates are projected to rise post election and brexit will be initiated in the spring. I am looking at a short term window of a few days. At present I see cable going up. I may see something different tomorrow. I am probably wrong...Ignored
Disliked{quote} Cool post there WD - but the thing is when your wrong you say so which is rare as most people around here love to put up a trade when it makes it but when not they stay silent hoping no one notices .. or their prediction fails again they stay quiet .. sign of the times .i guess . staying long now till wednesday.Ignored
DislikedAny fresh short entries right here could be a dangerous play (imo) but who knows how far a trend will go... There is a post Brexit gap, unfinished business at 1.3160 and Sunday open gap on my charts still to fill..clearly a downtrend but is it reaching exhaustion? For me the mid timeframes are suggesting this may be the case and I've added into longs. 1st target 1.2920 (the easier part) 2nd target 1.3160 (more work involved)Ignored