Cablelong
Cable IdeaFirstly price moved above 200sma on 18/4/17 for the first time since the Brexit referendum. Price action has consolidated above the 1.27648 level which had proven to be a difficult resistance level to breach post Brexit, this level has since turned to a clear support level over the last week. Initial TP placed just shy of the 1.30000 round number.
Possible Inverted Head and Shoulders on cable(GBPUSD)The last session closed like this, it's very close to the neckline of that potential inversed H&S, if completed the price should recover from the flash crash, target 1 touching the yellow line around 1.262-1.263 target 2 touching the red line and the flat kumo arount 1.267, once it'll be hit, we could see the bear trend resuming.
Could expect a gap up at the opening, I don't believe yet in a longer bullish trend.
GBPUSD (Cable) Potential Long If Pullback Occurs - 15 MinuteGBPUSD 15 minute play here. Basic analysis of support. Pullback is in line with the 50-61.8% fibonacci retracement levels. If support holds, we will look for the market to target previous high at 1.31573. We will wait for price action instead of inserting a limit order (bid) in the pink area.
gbp/usd: 2 ways we can attack the marketAfter the brexit, the GBPUSD has been consolidating, trading sideways, that is a great scenario to trade between the structures, in this case in particular we have a 115 pips wide range where we can either buy at @1.2968 or sell at @1.3084.
Depends on which gets filled first
The best opportunity for us is the short one, because it has a significantly major level of structure