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Thecable

Gbpusd vs 50 SMA The cable has had a strong recovery in last trading days and has broken a small falling wedge, now the price is on the 50 day simple moving average, we should see by this evening if the close will be above or below that MA. In case the price closes above the MA we might consider to buy gbpusd because in the bigger picture (weekly chart) we can notice that price has formed a sort of triple bottom and might reach 1.35 next year. Cot report analysis highlights the fact that net shorts in GBP are shrinking and retail traders instead are starting to sell GBP (retail traders are 90% in the wrong side of the market). I hope you enjoyed this short analysis! Tomorrow I will post an update on this pair
by Dragon_Investments
GBPUSD Trade IdeaGBPUSD is consolidating in the 1.4100 to 1.4220 zone. Prices yesterday manage to pierce through the 1.4220 reaching as high as 1.4250, but eventually failed to close the daily candle above 1.4220. For now, its immediate resistance is at 1.41800. A break in this price level may trigger a bullish move for GBPUSD and retest its new resistance at 1.4250. GBPUSD Trade Idea Sell : 1.41565 Stop loss : 1.41800 TP : 1.41000 SELL Trigger 3 EMA's sloping downward ( 20EMA pierced the 50 and 100) 20EMA acting as minor resistance at 1.41700 Move catalyst Upcoming NFP release in US speculation will trigger volatility Expected to have positive data for the USD Give your thoughts and comment below.
Short
by ginfrix
Elliot wave+ Cypher+FibonacciThe cable has stopped its C correction wave right on 50% Fibonacci retracement of the first Impulse in h4 chart; we can clearly see a Cypher pattern, now price is in PRZ and there are good chances for an upside movement until 1.2390; in h1 chart Rsi has just crossed 50;today USA data were mixed and the inflation CPI meets the forecast but 1.8% is STILL UNDER FED TARGET so there are possibilities for another cut in 2019, USD is beginning to have a bad time! stop loss at 1.22560 take profit 1 at 1.2390 long term view : it will depends on BREXIT news but I think 1.25400 is a possibility; I will update you on this trade
Long
by Dragon_Investments
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