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Cable

Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared. Daily Trend : Up Major Trend : Range Signal : Sell Limit @ 1.42xx-1.4400 Stop Loss : 1.45xx Target : 1.3560
by UnknownUnicorn13514545
GBP/USD – Week 20 – Bullish sentiment to resume.As we anticipated in our last week’s outlook, GBPUSD started to drop from the channel upper line. For this week, we expect the price to break the top, but not in a straight line. This move could turn out to be very slow. Keep an eye on Wednesday’s UK Consumer Price Index data as it could create some volatility. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move. 📢Check out our: 📹YouTube channel: www.youtube.com 🌍Website: www.finflagship.com
Long
by financialflagship
7
Sell, GBPUSD 1.40000 Rejection. Reversal before long.First-time publishing, South African, been trading for a few years. Please like, share, and follow. Daily - Double Top formation at key level 1.40000, rejection. 4hr - Shooting star candlestick - this is most effective when formed after a series of 3 or more consecutive rising candles with Higher Highs are formed which is a strong confirmation for a reversal. 1hr - Candle rejection at 1.40000, closed bearish and below previous candle. Current Sell at 1.3950. SL secured. Trailing stop. Sell Stop set at 1.39800 and TP will be 1.39350.
Short
by ObsoleteFX
Cable At A Critical Level, But Still Have Bullish PotentialMost USD pairs are at a critical reversal level as evident on GBPUSD also. The pair is facing some selling pressure, however the bullish sentiment is still high to overcome the resistance level and further push the pair to February Bearish Order Candle at 1.41000. Price was rejected at 1.41 before and most likely it will similarly be rejected IF GBPUSD rally to this level. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt
GBPUSD - 160 pips Banked💰💰💰- UpdateHello Traders Congratulations to everyone who took this trade with me 👏 Congratulation on the USDCHF shorts too another good 100pips👏💰 It was a wild ride but we got through and the news worked in our favor I know some of the members have not yet taken profit due to different brokers but don’t worry 1.40 will be hit God bless you I wish you a happy weekend and be rejuvenated as we start the new week next week Stay blessed Slick⚜️
Long
by Slickpapi
3
GBP/USD – Week 18 – What’s next?As we anticipated in our last week’s outlook, GBPUSD continued to test the resistance and made a pullback that we anticipate to push the price higher after the latest drop. For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level. Keep an eye on Friday’s NFP & unemployment rate data as it may impact the pair. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
8