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Cable Update (GBPUSD)

  • #450,601
  • Mar 5, 2017 2:21pm Mar 5, 2017 2:21pm
Triangle idea...
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  • #450,602
  • Mar 5, 2017 2:26pm Mar 5, 2017 2:26pm
I haven't currently got a cable position, and I was more interested in EURUSD for this coming week, but I've just had a look at the charts.

From a technical perspective, the bullish tweezer candles on the daily time frame cannot be ignored.

Fundamentally, surely all that US data can do from here on in, is disappoint. I say that, because the market has been told it's almost a certainty that rates will go up this month, a lot/possibly all has been priced in, and they've given forward guidance on more rate hikes this year.

It appears to me, that USD is only in a position to disappoint at the moment, so I'll be looking for a spot to go long on Monday, with a target of around 1.2480.
  • #450,603
  • Mar 5, 2017 2:29pm Mar 5, 2017 2:29pm
Quoting Luzbay
I haven't currently got a cable position, and I was more interested in EURUSD for this coming week, but I've just had a look at the charts. From a technical perspective, the bullish tweezer candles on the daily time frame cannot be ignored. Fundamentally, surely all that US data can do from here on in, is disappoint. I say that, because the market has been told it's almost a certainty that rates will go up this month, a lot/possibly all has been priced in, and they've given forward guidance on more rate hikes this year. It appears to me, that USD...
Agreed
Markets are Irrational
  • #450,604
  • Mar 5, 2017 4:17pm Mar 5, 2017 4:17pm
If you would like to trade cable this week, note that pair has maintained a predominantly declining trend since July 2014. Recently, price action on the weekly time frame was largely sideways but the descending market structure holds. All the technicals on the weekly time frame still favour further southward price action. Details are shown on weekly technical outlook.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #450,605
  • Mar 5, 2017 4:33pm Mar 5, 2017 4:33pm
Market out of service .......again ????? B
  • #450,606
  • Mar 5, 2017 5:00pm Mar 5, 2017 5:00pm
1.2288 here
  • #450,607
  • Mar 5, 2017 5:36pm Mar 5, 2017 5:36pm
cable will touch 1.27 in coming 2 or 3 weeks?
  • #450,608
  • Mar 5, 2017 7:07pm Mar 5, 2017 7:07pm
Pound remains under 1.2300 level showing no clear directional strength, but risk is still on the downside, next support level lies around 1.22.
  • #450,609
  • Mar 6, 2017 12:12am Mar 6, 2017 12:12am
GBPUSD looks up-trend , what do you think guys ?
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  • #450,610
  • Mar 6, 2017 2:19am Mar 6, 2017 2:19am
i'm waiting one more provocation after it short
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make money together
  • #450,611
  • Mar 6, 2017 2:34am Mar 6, 2017 2:34am
17/03/06 MONDAY 09:33+1GMT
WEEKLY REPORT
Ubi maior minor cessat
  • #450,612
  • Edited 2:56am Mar 6, 2017 2:45am | Edited 2:56am
Bullish Rejection Candle formed on H1 Chart.. Let's see when H4 Closes.. If it rejects 1.2262 Level on H4... it will move above to 1.2350 Level..
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Markets are Irrational
  • #450,613
  • Mar 6, 2017 3:45am Mar 6, 2017 3:45am
Quoting ArslanHyder
Bullish Rejection Candle formed on H1 Chart.. Let's see when H4 Closes.. If it rejects 1.2262 Level on H4... it will move above to 1.2350 Level.. {image} {image} {image}
Price is respecting 1.2262 level now.
Markets are Irrational
  • #450,614
  • Mar 6, 2017 4:09am Mar 6, 2017 4:09am
Gu will go lower. only problem is previous day candle is bullish. h4 bearish candle close
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MA provides the market's current direction and strength.
  • #450,615
  • Mar 6, 2017 4:18am Mar 6, 2017 4:18am
1.2262 given way? anyone confirm?
  • #450,616
  • Mar 6, 2017 4:33am Mar 6, 2017 4:33am
Quoting Noors
Levels I'll be playing with for couple of days if it stay in this lower range. Will look for a short at DD and a buy at S or T depending how PA moves around those levels. Other than that, I expect price to hit F then maybe continue lower from there. A break of F and a retest of F I'll buy. Break down below G and a retest of G I will sell. That's all for now. {image}
There it is.. Took a nap so missed out on entry by 15 pips which would have been my target got in a bit late. Aiming for 10 pips @ 1.2244ish
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  • #450,617
  • Mar 6, 2017 5:01am Mar 6, 2017 5:01am
Quoting ArslanHyder
{quote} Price is respecting 1.2262 level now.
Broke 1.2262 level... next target is down to 1.21900
Markets are Irrational
  • #450,618
  • Mar 6, 2017 5:04am Mar 6, 2017 5:04am
Quoting ArslanHyder
{quote} Broke 1.2262 level... next target is down to 1.21900
where u see gbp in coming days?if it touch 2190 will it bounce from here for long upto 2700
  • #450,619
  • Edited 5:46am Mar 6, 2017 5:34am | Edited 5:46am
still from last fri. , TP1 @22077 , TP2 will post L8R , SL man.
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da n0o0b + $hit_Disturber
  • #450,620
  • Edited 6:24am Mar 6, 2017 6:11am | Edited 6:24am
Quoting zahir123
{quote} where u see gbp in coming days?if it touch 2190 will it bounce from here for long upto 2700
In coming two to three weeks, If GBPUSD bounced from 2110 level the target will be 1.2700
Markets are Irrational
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