Cable Update (GBPUSD)

Got pretty beat up the last couple weeks shorting this stock. Hope it does a 50% retracement. Putting positions in based on the 4H and Daily.

back into long if we he 87, it just happened :-)

#gbpusd
buy @1.2920
[email protected]
[email protected]
tp2:1.3030

I do see the beginnings of an upward trend on the daily chart, however I would like to see it retrace to the 1.2600's before continues upwards.

Do you think the gap will be created at the moment of opening the market?

I usually give close scrutiny to currency pairs when I am in a position. The gaps on Sunday have been less and less pronounced that I have noticed over the years, however the extreme acts of terrorism could possibly be a factor…

Hi,

This is my GBPUSD forecast for the week ahead.

We also have to keep in mind that we have on Thursday the UK general elections so there is a high probability that any SR level can be overshoot.




Regards,
1GoodTrade
---------------------
Follow me on twitter: https://twitter.com/Daytrader213

Hmmmmm, this chart totally makes sense. Clear as bull dog's b@!!$

Looks kind of crazy but it makes sense to me. A few SMA's, FR, BB and a trend line or two and you got a mess.

GBP/USD
The British pound fell initially during the week but found enough support at the 1.2750 level again to bounce and test the 1.29 handle. I believe we are essentially consolidating between the 1.2750 level on the bottom and the 1.3050 level above. Because of this, I think that short-term pullbacks will continue to be buying opportunities, and I do like the British pound although I recognize that the upside is somewhat limited in the short term.

GL Traders, all the best...

A small gap down, Cable trading almost flat below 1.29 level. All eyes on Election this week.

Something will give...

Yeah I just got out of a long position at 1.28798 for only a 13pip profit, but that was a hell of a lot better than the 64 pip loss that I was looking at when the market opened this morning! I think I might sit this one out until after the election.

First chart -- a 3 wave move appears to be complete into 1.30x, though another high can't be ruled out yet.

Second chart -- the long-term chart still suggests one more low for wave 5 in this pair. I'm not yet sure how to reconcile this with continued dollar weakness. British elections this week.

short from 1.2885
tp:1.2807
sl:1.2897

long 1.2890 target 1.2905

Long bias on Pound Dollar from now on - Expecting flucuations around the Election Time.
On a personal note and reading how things are going down in the UK with security one cannot but feel the tensions over there from here, but it seems to me that they (the perpetrators) have just enforced, in fact even re-inforced the notion of a conservative win for this election, if you look at the swift response and what 8 mins to hunt and take the perpetrators down, it just seems that the people now will focus on safety issues in a far greater manner when they vote and Brexit could well take a back seat on an emmotive level, and for sure you cant in any way fault the security services in the UK, incredible 8 mins to take them out that surely is a first for such a situation, when you look at the hours of duration on other incidents around the globe the past few years, so Conservative Majority this week thats a forecast, especially with their opponents reinforcing the notion of more immigration to the UK, these posts are not easy to write when trading but sometimes one must observe the reality of this world and in this moment. Staying bias with Long on this pair.

banked