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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

Marcieny Nov 16, 2019 3:42pm | Post# 503721

{quote} There was recent rejection, trying make base to bull, no any pattern yet for any reversal, new low s and weekly /monthly want further down for better support. Take care {image} {image} {image}
the 2 wave encounter only one wins ... if he makes one more low than the previous ones .. he explodes upwards ... maybe some kind of stop loss hunt for those carrying long trades.

msniper Nov 16, 2019 6:00pm | Post# 503722

{image}
seems like u r bullish and doesn't want it to go below the NO level

b_hand Nov 16, 2019 7:54pm | Post# 503723

US can only win with china by lowering the value of the dollar!
Just share my view on USDX
Inserted Video

HaLBot Nov 16, 2019 8:31pm | Post# 503724

US can only win with china by lowering the value of the dollar! Just share my view on USDX https://youtu.be/dVOsA4FRWLk
This is why Trumps been railing against the Fed not lowering rates.....Apparently 73% of the bank bailout money in the Obama era went to European banks
My day job is running a carpentry business and one of my clients has Chinese neighbours who import into Australia and were telling her the tariff war is really hurting businesses in China, so don't be fooled by the Communists pretending Trump's actions are having no effect....

HaLBot Nov 16, 2019 8:38pm | Post# 503725

{quote} Have you been following much of this as of recent? I believe Aussie’s have a stake in this too. I’m from Canada, we are seeing the same shit here too. IMO we are in another recession. https://www.google.com/amp/s/www.cnb...rgest-fta.html
What part of Canada? My sister and her husband live north of Vancover, 17 hours by car....
Ever since the communist prime minister Gough Whitlam signed the Lima Agreement Aussie Businesses have been coping it up the you know where...He visted China a full year b4 Nixon...
What these free trade deals mean is every other country benefits at our expense...This is why I support Trump, he's the first President in decades to give a shit about Americans.

HaLBot Nov 16, 2019 8:45pm | Post# 503726

{image}
Hey Bones, this is probably a noobie question and I'll kick myself when you tell me, but what is N O ?

HomoSapiens Nov 16, 2019 9:05pm | Post# 503727

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Do not see any prospects for further growth. 1.24 and below in the next few weeks.
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donfriday Nov 16, 2019 9:36pm | Post# 503728

{quote} I think what he means is when you place a trade with a 3 pip spread, you're starting further away from your TP target than say if the spread was only 1 pip. Depends on your style of trading whether you think it's important or not but I can certainly see the benefit of it.

no pee

Marcieny Nov 16, 2019 9:54pm | Post# 503729

{quote} What part of Canada? My sister and her husband live north of Vancover, 17 hours by car.... Ever since the communist prime minister Gough Whitlam signed the Lima Agreement Aussie Businesses have been coping it up the you know where...He visted China a full year b4 Nixon... What these free trade deals mean is every other country benefits at our expense...This is why I support Trump, he's the first President in decades to give a shit about Americans.
I admire the Trump

He works hard for the US and showed the world how to do politics and what a president should do.

montygoldy Nov 16, 2019 11:57pm | Post# 503730

{quote} I admire the Trump He works hard for the US and showed the world how to do politics and what a president should do.
He just works hard for his personal agenda.....

olegchartist Nov 17, 2019 1:24am | Post# 503731

1 Attachment(s)
The highest volume bar on #GBPUSD chart (1) established a range between 1.3 (resistance) and 1.28 (support) levels.

Friday finished around 1.29 - actually, in the middle of the major range. The market story becomes less predictable when price is churning just in the middle of the range. Let's sum up argument - bullish and bearish - and judge their strength/weakness.

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Bullish arguments:
↑ Big up-bar in 10-20/October from 1.22 to 1.3
↑ Price did not tested the 50% Fibo level at 1.26. While price is settling above 50% confidently - we have bullish indication
Now - the analysis of the more recent actions
↑ SLKB with bottom in point (1)
↑ Strong response to SLKB in form of DB with high in point (2)
↑ Price is holding above line (3) - the middle between (1) and (2)
So, we have enough arguments to interpret the last 2 days' bullish actions as the part of new bullish attempt to attack resistance line 1.3 and resume strong bullish pace started in 10-20/Oct.

Have a questions? Follow my thread

Bearish arguments:
↓ Extremely high activity at the top of the 10-20/Oct up-wave.
↓ Fast Rejecting down from round number 1.3
Absolutely clear that is a lot of supply is existing at 1.3
↓ Bearish reversal sequence on 31/Oct-1/Nov from 1.295 level
↓ Last bar is Potential SLKT (4) above 11/Nov high

Friday ended in a very intriguing point. Because the Friday Potential SLKT at 1.29 can be a start of the ending of up-wave (1-4). In this case, Monday should give us intraday_SLKT+ND+SB sequence and reverse back down in the red triangle body.

Bones Nov 17, 2019 6:46am | Post# 503732

looks like a flag or pennant , continuation
If so much further up

monthly is bullish, no means buy that zone
opposite to pattern look left we sit on

Strong break up gives the signal...




{quote} Hey Bones, this is probably a noobie question and I'll kick myself when you tell me, but what is N O ?

msniper Nov 17, 2019 12:51pm | Post# 503733

looks like a flag or pennant , continuation If so much further up monthly is bullish, no means buy that zone opposite to pattern look left we sit on Strong break up gives the signal... {quote}
I think we cannot see 1.32 or above without revisiting 1.26 or 1.27 area

so I suggest that we will have reversal between 1.2930 to 1.2960 or 1.3030 to 1.3070 and go all the way back to the 1.27 area

tiborf71 Nov 17, 2019 1:15pm | Post# 503734

1 Attachment(s)
gbpaud
I'm short .1.89670
tp. 1.87100
on this chart, the key is really the support and resistance levels.
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Bones Nov 17, 2019 1:28pm | Post# 503735

bullish weekly pattern after bullish monthly, just saying, i posted the pattern
gbpaud I'm short .1.89670 tp. 1.87100 on this chart, the key is really the support and resistance levels. {image}

Kickstart Nov 17, 2019 1:50pm | Post# 503736

1 Attachment(s)
What I'm looking at.
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thevisitor Nov 17, 2019 2:08pm | Post# 503737

gbpaud I'm short .1.89670 tp. 1.87100 on this chart, the key is really the support and resistance levels. {image}
makes sense...

fontu Nov 17, 2019 2:13pm | Post# 503738

looks like a flag or pennant , continuation If so much further up monthly is bullish, no means buy that zone opposite to pattern look left we sit on Strong break up gives the signal... {quote}
Lets see if it work in weekly tf, in the contraction NR4 as seeing the last weekly range as lowest of previous 3, so gap up then burst up above previous high as buy signal weekly tf!

Bones Nov 17, 2019 2:38pm | Post# 503739

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gbp aud
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thevisitor Nov 17, 2019 3:41pm | Post# 503740

gbp aud {image}
yes bullish
retracement in play
he's in green ..
1.8880 to look at
let's see...
regards


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