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Cable

Cable, still waiting for the sellNothing change last week and it's making a small correction up there, we still wait for our sell setup, and some area to watch as shown on the chart. ☝️ Note: It has not broken the previous top yet and there's a small chance that it breaks it first before going down, please consider it. Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖
Short
by Forexian
CABLE BEARISH CORRECTION MAY CAUSE PRICE TO FALL ON H4On August 2, we provided our long term view on GBPUSD. Zooming into H4, Cable is now on correction and the structure looks more bearish. Expecting price to fall briefly to 1.30216 next week Monday & if price is rejected between 1.29978 & 1.30216, then cable could start another rally to 1.3333 (as explained in our August 2nd post). However, a violation of 1.29978 & 1.30216 will see the currency pair testing weekly mean price around 1.27000 & 1.28000. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt
GBPUSD - Within the range!GBPUSD - Yesterday, I posted bear flag formation - we did get to one of the support levels I been looking at but that key pull back I mentioned was key! We are range bound between the areas of: Resistance 1: 1.31233 Resistance 2: 1.31794 Support 1: 1.30151 Support 2: 1.29831 Pattern: Triangle - Consolidating at this moment of time. If we were to go below these key support areas, a further pull back will continue further - However, above resistance area 1 i'd be bullish towards 2nd resistance area. Even within the ranges, there are key trading opportunities. Which you could just focus on the levels and take the trading opportunities within smaller time frames. Larger picture overall on the daily - We are within the range as most majors currently are - Keep an eye on that. Overall, seek whatever direction the momentum goes towards. Key tips: - Longer time frame, indicates shorter time frame movement. - Add alerts it will make it easier for any price movement that develops. ( Remember: Just an idea, not a recommendation! ) Trade Journal.
by Trade_Journal
GBPUSD - More downside? GBPUSD - What clean moves we have had. When it comes to trading and you don't understand what's going on go through higher time frames and concentrate on the levels and then go through more in depth technical approach the shorter the time frames you go into or having few bad runs - take a day or two off and come back refreshed. I've been selling this pair since 1.31200 areas. Now is a key area to be looking at - Why? Let me explain further...! Technical terms: We have a bear flag forming - it's having a pull back as this current time - But question yourself for me if this pull back goes extending further towards lower ends of 1.31010 areas. Could be a fake break out! I will be thinking perhaps bulls are back in control and will be looking at the price action to keep an eye on. However, if this pull back validates and we have further weakness bears are still in control under 1.30150 area. You could measure the bear flag which reach towards areas of: 1.29558. You could even put: EMA's, Fib Retracement, or Elliott wave. Either direction - With my analysis, I keep a non-bias approach. Keep in mind - The beautiful pull back we had in precious metals, 10 yr/5 yr T notes and DXY. Just a trade idea, not a recommendation. All the best, Trade Journal.
by Trade_Journal
Cable GBP/USD (Speak low, if you speak love.)View On GBP/USD (10 AUG 2020) We are the bulling trend of GBP seems to get stalled. 1.309-1.32 shall be strong support. The price shall have a hard time breaking up. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by SonicDeejay
GBPUSD - Intraday - At a very interesting area. It's a pair that some traders are finding difficult to trade but let me break it down for you: Technical: - Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help). If we were to decline the areas that seems interesting: - Support area of 1.30650 if we were to decline further, between 1.30300-1.30080 areas. Bearing in mind - the monthly conditions we are in august - for further analysis you could look at seasonality. Remember: Just an idea, not a trade recommendation.
by Trade_Journal