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Cable Update (GBPUSD)

  • #451,941
  • Apr 11, 2017 5:59am Apr 11, 2017 5:59am
Cable in struggle zone which has been met 3 times in the past month.
Resting on monthly fib level and 200EMA. (EMA will be obstacle if bounces off resistance and falls. May act as strong support again/need fundamentals to successfully break through as showing to be a pain today so far)
Downward trend line resistance also.

This market is sell only for me, order at 1.2450ish targeting swing low. Will watch order when price comes close and may cancel is price action is looking v bullish.

Good Luck

Ω
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Success is going from failure to failure without loss of enthusiasm.
  • #451,942
  • Apr 11, 2017 6:00am Apr 11, 2017 6:00am
waiting for it to reach the down trendline to go short ( 1.24600/1.24650 )
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, it might just dive this week watch out bulls
  • #451,943
  • Apr 11, 2017 6:07am Apr 11, 2017 6:07am
In my opinion. GBP/USD will fall and test last weeks lows.

it would already have been on the way but was 'saved' by this mornings inflation data.

However, after continuously failing to break yesterdays session highs, it is more likely that the pair will falter to last weeks lows.

just my opinion of course.

Happy Trading.
  • #451,944
  • Apr 11, 2017 6:58am Apr 11, 2017 6:58am
Quoting penci
Cable in struggle zone which has been met 3 times and may cancel is price action is looking v bullish. Good Luck Ω {image}
My pending sell order is at 2467 sl 2482 tp 1 2405 tp 2 2370.
  • #451,945
  • Apr 11, 2017 7:44am Apr 11, 2017 7:44am
Quoting NMZee
{quote} My pending sell order is at 2467 sl 2482 tp 1 2405 tp 2 2370.
Yeah, good one, I was looking at same too but I ended up jumping in too early at 1.2420 after GPB upward move seem to have met high selling pressure at 1.2442 earlier today
  • #451,946
  • Apr 11, 2017 7:58am Apr 11, 2017 7:58am
All aboard for 1.20890. Choo choo.
  • #451,947
  • Apr 11, 2017 8:02am Apr 11, 2017 8:02am
Going to be big hugs all round if it makes it to 1.208. would have dodged a bullet
  • #451,948
  • Apr 11, 2017 8:42am Apr 11, 2017 8:42am
Sold @1.2432 target 1.2400
  • #451,949
  • Apr 11, 2017 9:01am Apr 11, 2017 9:01am
With some corrections the price is heading for 1.25 first.
  • #451,950
  • Apr 11, 2017 9:24am Apr 11, 2017 9:24am
Nice short GU on the next level 1.27xx ...
  • #451,951
  • Apr 11, 2017 10:28am Apr 11, 2017 10:28am
Quoting Obaforex
{quote} Yeah, good one, I was looking at same too but I ended up jumping in too early at 1.2420 after GPB upward move seem to have met high selling pressure at 1.2442 earlier today
Got stopped out.
  • #451,952
  • Apr 11, 2017 10:28am Apr 11, 2017 10:28am
Quoting DwainUK
With some corrections the price is heading for 1.25 first.
Correct Dwain 2523 actually.
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  • #451,953
  • Apr 11, 2017 10:28am Apr 11, 2017 10:28am
Quoting NMZee
{quote} Got stopped out.
Anyone selling uj?
  • #451,954
  • Apr 11, 2017 10:30am Apr 11, 2017 10:30am
Quoting NMZee
{quote} Anyone selling uj?
Almost 200 pips down since yesterday. Room for another 100 more it seems.
  • #451,955
  • Apr 11, 2017 10:56am Apr 11, 2017 10:56am
Quoting NMZee
{quote} Anyone selling uj?
I sold AJ

Then bought the bottom

Now closed again
  • #451,956
  • Apr 11, 2017 11:01am Apr 11, 2017 11:01am
Quoting elbert3
{quote} If that 1 hour Carrys on lily it is its buying off support ?? No ?? 2470 would be great I have see cable do this before and would not be surprised where it goes 2540 would be unbelievable Regards E
As above same as Friday come on gb
  • #451,957
  • Apr 11, 2017 2:19pm Apr 11, 2017 2:19pm
Quoting bithedz
come on back to the track! {image} https://www.youtube.com/watch?v=FZc50kVF0VA Really miss Indonesia!
GU made good bounce today buddy. Hoping for more momentum up.


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  • #451,958
  • Apr 11, 2017 2:34pm Apr 11, 2017 2:34pm
well looks Im an odd ball lol,,,,,,,, Its at the 50% level of the range between 2605 and 2362 ,,,I want another crack at the 200 on the 4 hour ,,,,,,1st shorts of the week in the gu 2488 tgt,,,,,,,,,, eventually 2350 ish ,,,, the 200 will do to start ,,,,,,,,,would like to see 2470ish get poked threw to begin with tho, will see how the day closes
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  • #451,959
  • Apr 11, 2017 2:58pm Apr 11, 2017 2:58pm
Quoting digger1
well looks Im an odd ball lol,,,,,,,, Its at the 50% level of the range between 2605 and 2362 ,,,I want another crack at the 200 on the 4 hour ,,,,,,1st shorts of the week in the gu 2488 tgt,,,,,,,,,, eventually 2350 ish ,,,, the 200 will do to start ,,,,,,,,,would like to see 2470ish get poked threw to begin with tho, will see how the day closes {image} {image}
Agreed on a short, although i think we could get one more break of the high and then the drop! lets see GL
  • #451,960
  • Apr 11, 2017 3:42pm Apr 11, 2017 3:42pm
Quoting josh11
{quote} Agreed on a short, although i think we could get one more break of the high and then the drop! lets see GL
Just a little bite ,,,,,,,,, my kamikaze lol
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