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Cablelong

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!
Long
by Fibtree
GBPUSD - Possible long entries after the Breakout.GBPUSD had a breakout of the range it was in to the upside. Looking to buy pullback. -First possible aggressive (more risky) entry at 1.455 -Second possible entry at the bottom of the pitchfork channel in the range of the Fib between 1.448 and 1.452 As long as we kinda stay in the pitchfork formation we are good for longs. Targets to watch if we break to the upside again 1.479 and 1.49 If the USDOLLAR fails at this point the cable could get some fresh bullish air. Also very important: event Risk for the upcoming day. BoE rate decision + some data on GB. So don't jump into a trade blindly! If the BoE is really dovish / bad inflation data we could give back everything pretty fast.
Long
by TReano
Cable is bullish until 1.5090 holds.Awating for the US data, GBP is moving between 0.382 and 0.618 levels of this huge downtrend pitchfork. Below this level, the 1.50900 major support area (May 04/05) might be considered as a good target if the US data is better than expected. If the data will be much higher than the expected, 1.272 fibo level (1.49857) should be the next target (where lower level of the pitchwork intercepts with 1.272 fibo). Keep in mind that below this level 1.4740/50 is the next and only support . In my opinion, the data will be the same as the expected. In this situation, i'm expecting GBPUSD to hit the median (red bold line, 1.5270/80) or even higher levels: 1.53350 major resistance / 100MA or 0.286 of the pitchfork. Bottomline: IF 1,5090 still holds with a very good US data: LONG it. IF the data is worse than the expected LONG it.
Long
by deren