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Cablelong

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
GBPUSD LongHi everyone! GBPUSD been showing bullish sentiment last week, with retest of the 200 EMA & certain Trend Lines (1H, 4H and Daily) giving further buy entry opportunities. I am looking on going long on gbpusd for a short term, taking in notice the upcoming events from the economic calendar. Entry would be in this case on the retest of 1H/4H trend lines & S/R Levels! Entry confirmation will follow of course after the market open, but betting on 61.8 Fib and S/R Levels. Clear formation of Double Top/Inverse H&S pattern, after clearing the previous high and retesting the level would move the SL just bellow, to lock some pips. Daily confirmation of further bullish bias.
Long
by im_MrTony_
GBPUSD BuysGU showed powerful signs of reversal at 1.22560 area. Double Bottom with higher low (78.55% success rate) followed by a huge bullish move confirmed a trend reversal. Then, waiting for An ABC higher high and higher low to further confirm a start of an uptrend. Now looking for buys on a break and retest with fibonnaci confluence and EMA confluence as well. Top down analysis confluence from the Daily, 4hr and 2hr confirms this move as well. High Probability setup with good Risk Management.
Long
by randyspringle
BXY (British Pound Index) Cable On the Cable we have it where the pair completed a Alternate Bat pattern but not before it tested the Patterns Harmonic Optimal Price. The price gapped down and slid ever since. This is the First time in a few days where there was a bullish day and i do believe there will be more. both sides are stepping closer to the Zero Line and we might see a switch in the next few weeks and see the Pound get stronger. the Cable is currently under the commercials control as theyre the majority buyers and driving prices lower, but again we do see both sides taking profit (non-commercials) or delievering on contracts (commercials). So, with all this being said will all this relief going on we might see the pound rise this week again as correction as both sides figure out if theyre going switch sides or remain the same and drive prices lower. the COT Net Data is as follows: Commercials- current== 29, 064 // previous== 34, 112 Non-Coms- Current== (15, 998) // Previous== (24, 048)
TVC:BXYLong
by ARegularGuy
I have a rule, don't trade Mondays. But I see this....From my education in forex, I have learnt from multiple people that Monday can be a manipulated day in the industry caused by, big hedge funds and banks. I always allow to have Saturday off, come to the charts on Sunday, and begin a week ahead analysis and today would have been a 'perfect' day to trade in, but I stuck by my rules and I'm now having to overcome FOMO (fear of missing out). However, there will be better days and there will be more opportunities in the future. I've only started trading from he start of the year, and I feel I've already learnt a hell of a lot. I just can't wait to see what the rest of 2020 has to bring.
Long
by danieljamesfx
2
GBPUSD | The Cable is ready to be pulled out of the ocean#GBPUSD 4H | #Swing trade The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks. Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the short-term at least). :newspaper: Fundamentals to look out for: - U.S. CB Consumer Confidence - U.S. New Home Sales - U.S. Core Durable Goods Orders MoM - U.S. Gross Domestic Product (GDP) QoQ - U.S. Initial Jobless Claims - U.S. Pending Home Sales MoM - U.S. Crude Oil Inventories Risk ONLY: 2-3% Good Luck!
Long
by UncleBullFX
GBPUSD Long IdeaNote: DO NOT FOLLOW THIS TRADE BLINDLY! Hi traders. Retest of the blue zone to ride it up. Could look to swing this into next week if the economy begins bouncing back up. Fundamentals wise, the UK economy is opening up so Sterling should strengthen against other currencies. Seen a two day cable sell off, approaching a possible reversal. Awaiting a possible sharper entry. Planning on bringing stops to entry once it is possible and take partial profits along the way.
Long
by TheFinancialTRDR
GBPUSD 4HR Breakout HigherGBPUSD has broken 1.24700 and sits around 1.25000 on an important resistance level . The 4-hour chart shows a bullish triangle breakout. The levels we must keep in mind are the following: 1.22700, 1.24700 - 1.25490, 1.25988 What do we have here? ✔️ Bullish Triangle Breakout ✔️ Breakout on Multiple Timeframes ✔️ GBPUSD- Broke Resistance Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
Long
by UnknownUnicorn309537
1