Anyone loading in GBP / USD ?

Mr. Crabs

Established member
598 3
Looks like it should be good for a bounce after we accumulate.

That's where my focus is going to be this week unless the GBP looks weak through today.
 

Mr. Crabs

Established member
598 3
GBP / JPY is being oppressed on higher volume than when I originally posted yet still holding up well, this is a good sign IMO we'll see how it plays off this next hour but it looks like loading to me.

This week could be a good one for the GBP.
 

Mr. Crabs

Established member
598 3
And we're shaken, still looks like loading, drop would have been quicker if we weren't IMO.
 

Mr. Crabs

Established member
598 3
Wow so my 2 picks JPY and USD didn't perform yet the the GBP did great vs. the AUD and NZD.

I'm gonna figure this out eventually.
 

GTSteve

Junior member
19 0
I thought the GBP was looking strong, USD has been pairing tight with the GBP. You keeping it conservative or you got some deeper perspective?


Been short all year and have been doing very well. Tend to trade on Political and BOE sentiment and it's worked well for me ... Long term I,m pretty convinced Pound has much futher to fall
 

Mr. Crabs

Established member
598 3
Been short all year and have been doing very well. Tend to trade on Political and BOE sentiment and it's worked well for me ... Long term I,m pretty convinced Pound has much futher to fall

Wow I was thinking a reversal was beginning to materialize, looks like accumulation but hey I'll take your word for it I always call these reversals far too early anyway.
 

up-down

Member
63 3
Long GBP/USD at the moment, but I think that if the market does respect the structure it seems that it is forming a bottom. MACD is pretty good for figuring out the top and the bottom, normally when it's close to the bottom the market will dig a couple of holes to let people jump in and when it's near the top they will poke a hole in the ceiling whilst rain is on its way. I think it could be forming a double bottom but it depends on a couple of key bars pull back speed and lenght, otherwise it's just bluffing.
 

AIEmpire

Newbie
1 0
Im short on GBP/USD.

Long term trend looks down.

Also it looks like the BoE will do more QE, if not now then some point in the future. The USA is doing better than expected, so they may stop their QE. Even when the Americans do QE it's still much less than what the BoE is doing.
 

Mr. Crabs

Established member
598 3
I heard QE isn't stopping any time soon.

I think people misunderstood the thread, I was only talking of a 1 or 2 day trend.

I agree long-term GBP looks down but that trend is likely due to reverse eventually.
 
 
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