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Cable

GBPUSD SHORTTechnical Analysis for GBPUSD on the 4H Timeframe. Mixed feelings for the Cable for the week ahead. As expected, Cable went to retest the 1.41800 area before heading down on Friday to the 1.41000 area. My Personal BIAS on GBPUSD is BEARISH but ONLY after taking out the buy stops resting at the 1.42000 area, before crashing towards the 1.40700 key level. If I will see a rejection from the 1.41700 level, I will consider it as a strong confirmation that the Bearish OB resting at that level is a valid block and I will take a sell. If not, we will wait and take a sell position from a higher level above 1.42000. As a first Take profit, I will look for the 1.40700 level. The second TP I will consider the GAP that needs to be fill at around 1.40000 level. It only depends on the strength of the greenback. It will be an interesting week ahead. Please like, share and subscribe if you find this idea useful. What is your opinion on the CABLE for the week? Remember: THIS IS NOT FINANCIAL ADVICE. THIS IS ONLY A TRADING IDEA. Do your own research. Use proper risk management. Never trade without a Stop loss and open positions accordingly to the size of your trading account.
Short
by MissC_FX
Gbp/Usd : Inevitable stop loss cluster hunt 1.4400 handle ?Gbp/Usd is trading inside the Strong Rectangular range since the Brexit, lacking essential catalysts for an upside breakout/Central bank keep intervening it to support the economy. On daily TF, price is approaching the strong resistance around 1.4200 and likely to make 150-200 pips high to clear the cluster of stop losses / Speculative Sentiment Index is around 30% on an average. Having said that, it is not that easy for the price to break upside range invincibly without any strong economical or geopolitical catalyst. Hence we are expecting a phase 1 retracement towards the 23.6% fib around 1.3560 once the above mentioned stop loss cluster of 1.4400 handle is cleared. Daily Trend : Up Major Trend : Range Signal : Sell Limit @ 1.42xx-1.4400 Stop Loss : 1.45xx Target : 1.3560
by UnknownUnicorn13514545
GBP/USD – Week 20 – Bullish sentiment to resume.As we anticipated in our last week’s outlook, GBPUSD started to drop from the channel upper line. For this week, we expect the price to break the top, but not in a straight line. This move could turn out to be very slow. Keep an eye on Wednesday’s UK Consumer Price Index data as it could create some volatility. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move. 📢Check out our: 📹YouTube channel: www.youtube.com 🌍Website: www.finflagship.com
Long
by financialflagship
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