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.
Cablelong
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
DiNapoli Trading on GBP/USD 400Pip move expectedAs you can see in the link below I have expected price to test and bounce from this area 6 days ago. I just saved it private for me because I only decided this weekend, that I would start sharing my whole arsenal of trading strategies and methods here on Tradingview.
I fully expect a move to the OP (1.48) this time as the combination of the 0.618Fib level and the big Trendline is pretty strong and the most recent developments with Davids EU deal should help further. Also I think that these developments came too late on Friday and are not fully priced in yet and could cause some early volatility at market open on sunday.
1.48 is also a important retest of lows that go back to middle 2013
How to play it?
Either enter right at market open but I'm pretty sure you would have to live through at least one retrace, even if not right away. Or let it run a bit without you and enter on possible retracement on lower timeframe.
In any case before Friday your stop, if you wanted to bet on a further upmove in Cable, would have needed to be under 1.41 but now you can do the same bet with a stop under the recent structure( around 1.424). Cause it is total clear, and I mean TOTAL CLEAR! that if it takes out this structure now it will move and take out the low and continue into 1.30s.
Enjoy and lets make some pips!