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Cable

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
Cable Long planHi guys, happy Tuesday. A long position is on the cards here for the cable pair. as you can see major trend line resistance has been holding now for quite some time and price cant seem to break it try as though it might. A minor 15m resistance has started to also form on the 1.30585 area, which is where price is currently hovering. We took a nice short position yesterday on the pair which was spotted on my previous idea. As always though we stick to our plan. Price is currently in an uptrend there fore we trade with the trend (the trend is ALWAYS out friend). I have a feeling that price will once again reject the major trend line and shoot up. I will be waiting for all of my criteria to be met before entering this one as always. The criteria being: RSI above 50 MACD histogram coming from negative to positive/slightly negative to show the beginning of a new trend/reversal. Stochastic heading up but not overbought. And finally the 5 and 10 SMA cross. No major data coming out of either currency so i don't think the fundamentally are going to affect price too much today. But we will keep a close eye as always. Cheers guys, Let me know your thoughts.
Long
by Ethan_FX
Cable, watch it for the possible channel It seems that we are in the midst of making a big channel here, 1- Except for the weekly trend lines, 2- The 38.2% extension of the previous up move and 3- The possible 3rd wave completion of a 5 wave up move Suggest that we would start a down move, likely in a corrective fashion, soon. So we are watching it to see how this very early forecast would play out. Sorry for the messy chart, had to consider everything 😉 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
1
Cable, An aggressive sellI took an aggressive SELL just when it touched a "not so important weekly trend line". If you are not an aggressive trader, it's better to wait for a 4H candle to close following a flag for confirmation to find your sell setup. If you are an aggressive trader and your strategy allows you to take this kind of trades, then go ahead and put an order under it with a tight stop loss To see what I mean by the "wait for the trade setup" please check out the "Related ideas..." below and see how in the last forecast (Fiber, A SELL setup is in the horizon) putting an order and not jumping in the trade, saved us of taking a loss Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Short
by Forexian
2
Mid-term outlook / idea for GBPUSD 🔌Today I'd like to share my GBPUSD trade idea with you. We're seeing Dollar weakness as at end of July. I expect GBPUSD to continue it's rally to in and around the 1.30000 psychological level. I also expect price to react quite strongly at this level, to push to the downside. Potential downside targets can be in and around the 1.24500 level (550 Pips). Some confluent factors to this target are the channel and potential liquidity lying under the bars / wicks formed early in July. After the retracement to 1.24500 I'll look to go long targeting the pre-covid level of 1.32000 for a potential 750 Pip rally. something I'll be looking at for confluences - stronger DXY in upcoming weeks, as well as a rise in the yield of 10-year Treasury Notes. So lower prices! But all of this is just speculation - happy trading.
by DreyerJEK
GBP/USD buy opportunity... Hi Traders, Cable has entered the week 20/07 with some noticeable strength and should not be ignored. Here we have a buy opportunity on the GBP/USD to potentially the 1.28 handle before I begin looking for signs of a reversal. This week the cable will be faced with some PMI and other economic data figures along with the ongoing Brexit negotiations. Reports suggest the pound is 3 times more likely to react 'dramatically' than the other majors so this is an opportunity to ride a potential move higher in sterling. From a technical analysis perspective, I am looking at a bullish flag in development, price has currently just broken above the 200-day MA further indicating sterling strength and my immediate target is the 1.28 level. ENTRY: Use the 15 minute timeframe for entry analysis! It is unlikely to find another 1hr or 4hr correction (if above analysis is correct) at the current structure so use the 15 min timeframe to pick out an entry and use stop losses accordingly! 👍🏽 Follow for more updates. Any questions, feel free to ask. Ike
Long
by Ikeokeke25