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Cable

Cable GBP/USD (Dangerous Times)View On GBP/USD (3 Nov 2020) It has found some support near 1.287 region and it may try to rise up again. I expect it may retest 1.306. Let's see, 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.
Long
by SonicDeejay
Cable, An uncertain / slow down move, then UPThe previous trade is in the play (in profit and stop loss moved to profit too), so far exactly as forecasted 👍 Watch the area around the green arrow, to see what kind of pattern will form there. Take it into consideration that, the turning back up, can happen earlier because it doesn't need to break the previous low. Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too Find us on social media😉 ➖➖➖➖➖➖➖➖➖➖➖➖➖
by Forexian
GBPUSD US ELECTIONS SELL LIMIT!!!!!!!!!the Pair traded in a range the last couple weeks, however the pattern shows that the upside momentum is still corrective for a downtrend continuation. 7-9-11 swings are related to A,B,C corrective phases in Elliott Wave Theory. tomorrow is the US ELECTIONS results so we will definitely expect high volatility trading, thats why i prefer to put pending orders ( sell limit ) orders near 1.3270 level to short the pair and probably target 1.2390 the monthly engulfing pattern target. Good luck
Short
by josephdahrieh
1
ridethepig | GBP Trade of the Week♟ Another clear map for us to play with Brexit and the U.S. elections acting as the main price drivers. A double top is a purely tactical weapon. It is terrible compelling; even for the most unaware retailers who will jump in - so we are tracking for flows driven to the lows after a double top. We shall close this Brexit chapter with some strong short GBP trades. (1). In the following EURGBP things are coming down to an interesting break unlocking the 1.00x levels: GBP sellers have of course got the control, they are winning the continuation as long as 1.306x is holding (note the importance of this resistance, it should be safe and sound). What we must take into account is the tactical manoeuvre of the slimy politicians and any headlines around a brexit deal. To the downside, 1.291x as an initial target with 1.267x the bigger level below. Thanks for keeping the feedback coming 👍 or 👎
Short
by ridethepig
6
$GBPUSD - Re-entry Buy NowUnless the breaker is what keeps it from buying, I see it attacking more highs aiming for 1.30900. A bit ambitious for a day, but it's cable. Red lines are previous daily highs, blue lines are previous daily lows, greens are targets or order blocks. And the gold line is the breaker that I'm weary of. If it trades below the stop loss then it will break structure and trade lower. But after the linked good trade called last night, I'm taking my chances. It knocked me out but I re-entered. I thought that might happen with such a tight stop loss. New position already But this was my original Idea that I should've stuck with.
Long
by BodiesXWix