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Cable (GBPUSD) vs Euro (EURUSD) 27 replies

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Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

GU (Daily)

Setup -> Bull Flag

Attached Image

  1. Price trades above the 200 day sma
  2. Note the Cup and Handle formation
  3. Resistance broken also above the retracement level 23,6%

The above is now confluent with the trade setup.

Trade safe & Good luck
Caution wake turbulance

Bearish divergence trade on the H4 chart?

Or merely buying pressure easing off, whilst the current price settles in, before more upward movement?

I'm torn at the moment because, whilst the pound clearly has it's strength from the PM calling the election, I cannot rationalize why the dollar is weak against the pound. OK, the North Korea situation isn't helping, but I wouldn't say it's worth a 300 pip sustained rally. Even the US data numbers were good today.

Back down to (more like) reality for the pound?

If bearish, I could see it dropping to 1.2697 before deciding on its next direction.
Just gone long at 2820 tight stops, GL
Quoting josh11
Just gone long at 2820 tight stops, GL
Out with 20 pips
Gbp/Usd is slowly building up some gains but still within the range, upside seems limited, 1.0900 act as psychological resistance level.
Quoting josh11
{quote} Out with 20 pips
Well done Josh that was just about 50% of the total move of the day,

It seems it was a north versus south day as GBP performance against the northern hemisphere was somewhat very limited whereas against the southern hemisphere the story was entirely the opposite. Against the JPY over 200 pips and the AUD over 150 pips.
https://www.forexfactory.com/showthr...76#post9352576

EASY MONEY FOR THE TAKING...

https://invst.ly/3tozc GBPUSD MONTHLY POSITIONED FOR BUY HEDGE... CANDLE OF THE YEAR

https://invst.ly/3toyx EURJPY SELL EVERY 4H TO BELOW TREND LINE

https://invst.ly/3toz4 EURUSD SELL EVERY 4H TO BELOW TREND LINE

https://invst.ly/3toz6 USDJPY SELL EVERY 4H TO BELOW TREND LINE

https://invst.ly/3toz9 GBPJPY SELL EVERY 4H TO BELOW TREND LINE

AND FOR THOSE THAT DONT WANT IT, NEVERMIND

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FREEDOM IS SECURITY.
Quoting hippiedog
https://www.forexfactory.com/showthr...76#post9352576 EASY MONEY FOR THE TAKING... https://invst.ly/3tozc GBPUSD MONTHLY POSITIONED FOR BUY HEDGE... CANDLE OF THE YEAR https://invst.ly/3toyx EURJPY SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz4 EURUSD SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz6 USDJPY SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz9 GBPJPY SELL EVERY 4H TO BELOW TREND LINE AND FOR THOSE WHO DONT GET IT, NEVERMIND ...
HD, glad to see you back. long time....
Quoting baldmonk
{quote} hd, glad to see you back. Long time....

hey baldmonk

yup,,,, back for this next month with elections etc..


How you getting on, green pips for you my friend
FREEDOM IS SECURITY.
Quoting hippiedog
https://www.forexfactory.com/showthr...76#post9352576 EASY MONEY FOR THE TAKING... https://invst.ly/3tozc GBPUSD MONTHLY POSITIONED FOR BUY HEDGE... CANDLE OF THE YEAR https://invst.ly/3toyx EURJPY SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz4 EURUSD SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz6 USDJPY SELL EVERY 4H TO BELOW TREND LINE https://invst.ly/3toz9 GBPJPY SELL EVERY 4H TO BELOW TREND LINE AND FOR THOSE THAT DONT WANT IT, NEVERMIND ...

LIKE SO... EXAMPLE HERE FROM A PERVIOUS POST

https://www.forexfactory.com/showthr...18#post9352718

THE OUTCOME OF THIS SETUP IS IN THE IMAGE BELOW

IT IS VERY SIMPLE TRADING METHOD.
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FREEDOM IS SECURITY.
Quoting hippiedog
{quote} hey baldmonk yup,,,, back for this next month with elections etc.. How you getting on, green pips for you my friend
only trade cable these days, feel like one step forward two step back , searching for that elusive CONSISTENCY.
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Looking to buy

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Money moves the market, not an indicator.
2017/04/26 WEDNESDAY 08:37+1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
Usd strong copper weak but IF that changes by entry then BUY.
SL 1.2799
TARGET 1.2845

nice 1:1 hooefully. Anyone on this?
Going long on the mother break out

Buy Stop entry at 143.02
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Just shorted at 2834, looking for 2805, GL
Will price let me in on this juicy little level?

Edit: Stopped out. Was a nice spot on S/R flip. Oh well.
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Quoting josh11
Just shorted at 2834, looking for 2805, GL
2 pips. I hope you closed it before.

Thats the reason i started to trade D1 and W1 with really wide SL and mostly with grid.

Forex sucks but if you can outfox it sometimes you can make money. But you have to find new ways to do that.

Thats why im still trading it.
How to opt out annoying user signatures ??
On the weekly market at good resistance zone ! O.618 fibonacci retracement + 1.00 fibonacci expansion line up..

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