deep correction level 1.36 or 1.32 on spotdeep correction level 1.36 or 1.32 on spotBShortby gellany0
GBP_F GBPUSD. Checkpoint before ECBDraghi and ECB might be the catalyst right at the collision point in a few hours.Bby Artes_1
EUR/GBP SellThe spread here a bit wide so looking to buy sterling and sell euroBShortby CBreezyUpdated 1
Cable crashed preparation ...With involved in Syria War ... I doubt if GBP could break the main trendline, prepare for GBP crashed ...Bby budi.selamat1
Will this 2nd failed Cable Rebound ? After the mighty dropped GBP tried to pull back and rebound to safest zone but failed and deeper crashed, will this second tryout succeed or will it become another failed pullback that can cause Cable fall deeper ???Bby budi.selamat2
June British Pound British Pound created a bear flag on H&S drop. Downside potential target is 1.3614 at S2. RSI still has some room for more downside. Outside chance of 1.36. As long as BP stays under the 20 day MA this should continue to drop. BShortby hopscotch0
GBPUSD Future (CME)***Ideal Double Repo Sell*** EP 1.4144 TP 1.383 SL 1.423MShortby SuppasitWechprasit2
British pound Future Long ideaIf it doesn't break the channel . Target = Fibonacci cluster at 1.3960 and top of the channelBLongby 2way2
GBP/USD (GBP Futures CME) Buy 1.3115 (Target 1.3420)Signal: Buy - 1.3115 Take Profit - 1.3420 Stop Loss - 1.3000BLongby UnknownUnicorn285026Updated 110
GBP SupportThis week has been brutal for the GBP, a far greater decline that i was anticipating. However we should now of found some support with the GBP futures coming back to tag the weekly 55EMA Good luck allBLongby mattytb843
Just wondering sometimes do we hold or notSometimes, it seems impossible to reach Target 2, but if you have been trading patterns you should have your preference to take certain amount of position at each target. As a side note, GBP/JPY hits its 38.2%(T1), USD/CAD its 38.2%(T1) and 61.8%(T2) and a lot more. I hope to put out more ideals but time is limited... Sorry id try to bring up more in time to come.BShortby trutt791
Refreshment on B6Finally a pattern that got some profits. The risk to reward is attractive as well if Target 2 can be achieved. The stop has been moved to breakeven. BShortby trutt793
Conditions unchanged for GBP/USD (B6) Hello! Been a busy week and traded late into Fri's session. I completely skipped the early session, choosing to strike after the market settle down from Jackson hole. I may have miss some action but completely fine as any trade i try to take will be more of a gamble then trading. For now, the B6 started a rally after being oversold. I've mentioned that i'm not keen to short unless it rallies. Now, i'm presented with the opportunity. I am targeting a larger bearish Cypher pattern, and i'm looking to trade intraday with pullbacks on the 1hr chart. For that, i'm going to present another ideal tommorow before the European Session. At times, it is quite tough to trade opposite of your planned position, which is contrary to normal day to day decision you make in life and is normal to feel unsettled. But if you are not comfortable with contrarian ideals, skip it. Don't think about it! BShortby trutt79Updated 5
Pattern intact on 6B The Cypher pattern i was looking on B6 remains intact as it nicely stays between 121.4% to 1618.8%. The trade ideal is the same just some updates on the chart itself.BShortby trutt79Updated 3
Bearish on the pound! The pound has bottomed last few months with a well defined high and low on a longer term basis. In the short term, there presents a lot of shorter term opportunities. One of which is to short the near the channel high on the 4hour chart, or you can pick rallied into short structure and you could also trade patterns. I just saw this Bearish Cypher pattern forming. I dont trade into futures on forex, but i don't think there is any difference between spot or futures in general aspects. I am looking to short GBP/USD when the opportunities present itself. Take note that in large range like this, i do not specifically bearish or bullish. I'd just trade the side where it is convenient for me in terms of risk to reward and shorter term direction. Was i long previously? Yes i was trading both long and short side. Just keep improving your analysis and somehow you will find some ideals and how to trade it. Experiences definitely counts! BShortby trutt79Updated 3
Pound/USD watch out for side ways and down trend break out.It has broken out the huge down trend nicely, I am going to sit my position on long side now. However, by have low risk (cuts) I will be cusious on potential side way market. Have a great day people~!Bby DKLEEE6
Bullish GBPWith what feels like constant negativity surrounding the UK and the GBP in general, it's easy to get caught up in the doom and gloom, so i like to refer back to the 6B from time to time which imo screams a buy the dip mentality in the GBP. Last months retest of the trend line and subsequent hammer reversal only enhances this sentiment and i think alot of the GBP pairs are getting close to a turning point for the next leg higher. Choose your levels and ride this pony. Appreciate any thoughts and/or ideasBLongby mattytb84Updated 5
GBP: Wyckoff phase E mark-up has startedFollowing a Wyckoff evaluation of accumulation the Pound has undergone accumulation setting the cause for the mark-up in phase E.BLongby SteynTrade9