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Cablelong

GBPUSD Coming to 1.9200 Retest Resistance| 27th February 2020Hello good day. How are you guys? Having fun trading this week right?? Yes? No?? Perhaps I can hear a yes. 'Fear and hope' is this week trading trademark for cable. It is the right time to BUYING GBPUSD. Price will go to 1.9200 in the future as got the robust demand on the chart while volume confirming the price. This will be rally just around the corner as traders rushed today trading days on the fourth day before the market close tomorrow. Benefiting the volume rushed is very beneficial. GBPUSD Coming to 1.9200 Retest Resistance. Whether cable will confirm to bearish in a long run or still have hope. If you guys having profit by following my thread, please comment on the section below for feedback. By the US market open along the way, this trading will be the major element on GBPUSD for the trend after meeting 1.30000 for the last time. By Zezu Zaza
Long
by Zezu_Zaza
2
GBPUSD Will Spiked Above 1.30000 Ended @ 1.33000| 24th Feb 2020Diary 24th February 2020 3:25am (GMT +8) Welcome to my diary, I cant sleep. So I wrote a prophecy/future prediction. This is the chart for the GBPUSD on daily. Constructed the 3 element pattern which can be seen onto the price making a 3 consecutive low. Normally this pattern is the last minutes bull coming towards the action and making a massive decision towards the key level. I have seen this pattern on my dream and I believe this pattern will occurred again in the future. Price is the action based by physiology of trader. What happen in the past, will be happen exactly on future. Normally the pattern like this either making a 90 degree acceleration or doing ascending price pattern versus the time in order to balance the price with the time. What I have seen the price will go up through 1.30000 and will hit what ever price around 1.33000. Take profit around 1.33000 because the price will eventually drop gradually to the 1.27775 as I have posted on my previous journal post. For sure, this price will hit above 1.30000 for the last time before making its way to develop descending triangle in the future to the lowest low of the price in 2017 and 2019. By Zezy Zaza
Long
by Zezu_Zaza
GBPUSD Will Return 1.3000 For The Last Time| 21Feb2020Date: 21st February 2020,Friday 1:25pm GMT+8 Four(4) days trading of the week, we can see the price has decline. The bull traders has coming to its way and they kept silent for a moment. Just waiting the bear trader making a move. The move that made has weaken and losing its power. Friday 2st February 2020, bull trader testing the market and the bright side there was no rejection to push the price upwards. AS this is was the weakening power bear trader has losing its momentum. Like we can see today, the bull trader has coming in slowly but surely. Increasing the volume is the confirmation. But this has to be prove by the key level 1.30000 before strengthening of the pound is highlighted. The confirmation has to be its trend to support the volume by next week. If all goes well, we will be seen the price hit the 1.30000 for the last time perhaps as the way not for its retracement nor continuation. Since the sign of bear power has losing its interest to selling while at the other side greenback is getting weakening. This is the advantages. I am seeing the cable will touch the 1.3000 by next week as the bull trader slowly gather the fellow to push it upwards. Sooner or later, the price will touch this value before continue to the level of 1.27775. Holding the Long would be advisable as today the bull traders show its face to the market. Swing would be good to ride the bandwagon before missed it. By Zezu Zaza
Long
by Zezu_Zaza
GBPUSD Buy Setup 4hrBuy order triggered on 1.2989. which is basically in confluence with the fib level 0.782. Price failed to break below demand zone 1.2994 - 1.2952 where price has rejected previously and pushed price to the upside. Price action managed to sweep the last swing high at 1.3097 before declining. This is an indication that market structure for bearish momentum has been violated. 1.2984 is the last swing low which needs to be broken to confirm market structure is still bearish on this time-frame. Price action failed to do so temporarily and has begun to make a move to the upside. For these reasons we have favoured a long position in this setup. Our TP will be at 1.3079 and our stops will be 30 pips from entry. Have a nice trading fellow traders!
Long
by YET
1
Wanna ride cable to the hell or fly to the sky?!!!Reading up all the last day fed reports expectations of future cuts in 2019 aren't much and not so dovish dot plot/statement from Fed Chair Powell is holding the cable from rising further today. Fed had a dovish cut but talking about the future outlook it sounded not so dovish (no further major rate cut may arise and depending on economic data changes and how chaotic it gets fed may play conservatively if need to ease mp further) and now the only reason we can expect cable to rise strongly again is if the BOE surprises with positive rhetoric today, then the bottom of that rising channel may hold to present traders with a short-term buying opportunity. Yep, you got it I'm talking about the bullish bias here! If you’re a bear on the pair, then the not so dovish future outlook of Fed statement scenarios mentioned above had already drawn in some relief rallying for the Greenback, and in this scenario if the market is able to break below the rising channel lower trendline, that’s likely a strong signal for bearish momentum and bear players can start jump in. And any dovish rhetoric or surprise rate cut scenario from the BOE later will more likely turn a break into a swing move lower that potentially returns Cable back to its longer-term downtrend. Cheers! Have a party with cable tonight :D
by jessi061
1
GBPUSD Technical Analysis: 6 Hour Timeframe Chart PatternsConclusion for today’s GBPUSD technical analysis: Price closing above ~1.24714 implies higher prices in GBPUSD. GBPUSD (cable) technical analysis for today is presented on an intraday (6 hour) timeframe that covers over 19 months of price action. The major downtrend during this period is captured using a bearish price channel (tentative), along with the 50 and 200 moving average. A double top chart pattern that confirmed on April 30, 2018 helped set in motion the current downtrend in the GBPUSD. A period of ranging price action is currently active since August 16, 2018 to current date. This is presented in this analysis as the formation of a broadening formation that has so far included a confirmed, complex, head and shoulders top pattern. Price action successfully tested the lower boundary of the broadening formation at ~1.20215 on August 09, 2019, and has been followed by an upward swing in price. The GBPUSD currently trading above its 50 moving average whose slope is to the upside does imply a bullish bias. However, the downward sloping 200 moving average suggests bearish momentum is currently not over. Price closing above the former average (50) is expected to target the latter (200) at the minimum. It is also important to note that the 200 moving average coincides with resistance price levels in the Cable between ~1.24714 and 1.23740. This increases the chance of price targeting this region where a challenge to a new uptrend is expected. An upper target region for price upon closing above the upper boundary of resistance at ~1.24714 is the upper boundary of the channel. This is ~1.27848. The upper boundary of the broadening formation at ~1.34750 is used as a higher target for the GBPUSD if price closes above the upper boundary of the channel. Price closing below ~1.20215 invalidates the bullish analysis.
Long
by Coin_Analyst