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morfes2 Nov 17, 2019 3:53pm | Post# 503741

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MackS10 Nov 17, 2019 4:07pm | Post# 503742

Small gap now, 1.2920. Let's see if it keeps going.

HiddenGap Nov 17, 2019 4:08pm | Post# 503743

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The highest volume bar on #GBPUSD chart (1) established a range between 1.3 (resistance) and 1.28 (support) levels...
The trend on the Daily is Bullish.

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As for the 240, Buyers are now in control of this market.

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Some Clues:

1. Price is above HB.

2. The Volume Gauge is Green.

3. Since around 11/09 No BUYING AGGRESSION bar has had its low taken out (closing below). However, the see the highs of many SELLING AGGRESSION bars being taken out (closing above).

4. Friday's bar is a DOWN bar on volume less than the previous two intervals. That is No Supply (NS). An UP bar on Sunday/Monday would confirm this.

I like to enter at HB, HVZ (H), or HVZ (L). The Market offered a nice entry on the Level 2 BUYING AGGRESSION (Cimber) bar that closed above HB and took out the high of the Level 2 SELLING AGGRESSION (Drifter) bar.

A second chance entry came on the 2 Bar Reversal (2BR) at HB.

But a confirmed No Supply (NS) in an Up trend is also a reasonable entry.

Coreg2004 Nov 17, 2019 4:21pm | Post# 503744

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@tiborf71 we don't know which pattern will materialize? that's why it's important to know when we are wrong and quickly recognize when the other scenario plays out. Good luck with your trading.
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Coreg2004 Nov 17, 2019 4:47pm | Post# 503745

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What I'm looking at. {image}
Kickstrt, good eyes...possible scenario but if this happens, it will only delay the move up.
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KeenPips Nov 17, 2019 5:05pm | Post# 503746

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If you are tracking the GBPUSD this week, note that technicals on the daily time frame favour bulls. But the next horizontal resistance is around the 1.30010/1.31140 zone; which may be a hindrance to a bullish drive.

Trade safe.

KP

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Ra. Nov 17, 2019 5:23pm | Post# 503747

{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.
Ahh nice, I have family on Vancouver Island, and my sister is in Prince Rupert studying Marine Biology.

I lived in Calgary AB, worked in the energy sector. It is now collapsing, again, so expect a weak CAD in the year(s) to come.

Canada is a commodity country too, so tbh, we're getting screwed by Trump, but that's also our gov't fault. I'm just done with this sector, too inconsistent, anything with NAFTA (USMC) is still going to f*ck us. Oh well.

Cheers,
Ryan

Ra. Nov 17, 2019 5:26pm | Post# 503748

{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
Agree, i'm short term bearish bias, but it did consolidate a few days collecting buy/sells so that may be enough liquidity to push it up further.... still hoping it pulls a quick pullback though as i'm still holding.

b_hand Nov 17, 2019 7:05pm | Post# 503749

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Where is 5 waves EW hidding on daily 321x or 316x??? Click to Enlarge

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SCopier Nov 17, 2019 7:06pm | Post# 503750

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SHORTTTTT, no need "If" word
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b_hand Nov 17, 2019 7:15pm | Post# 503751

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http://www.marctomarket.com/2019/11/...or-dollar.html

Moty Nov 17, 2019 8:33pm | Post# 503752

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MackS10 Nov 17, 2019 9:04pm | Post# 503753

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If any shorts are placed around here probably best to use a very tight stop as we near potential breakout/bounce zone.
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Tekin Nov 18, 2019 12:25am | Post# 503754

1.32 is possible this week lets see after starting of the week

NieFenG999 Nov 18, 2019 12:28am | Post# 503755

1.32 is possible this week lets see after starting of the week
If you say "possible", 1.27 too, 1.33 too.... ^_^

Tekin Nov 18, 2019 12:33am | Post# 503756

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{quote} If you say "possible", 1.27 too, 1.33 too.... ^_^
Ofcourse now i will be watching 1.29 if it reacts up side from there i will turn to buy. now i am selling.daily chart is unclear reversal head and shoulder pattern maybe i am not expert only telling my own idea
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NieFenG999 Nov 18, 2019 12:40am | Post# 503757

{quote} Ofcourse now i will be watching 1.29 if it reacts up side from there i will turn to buy. now i am selling.daily chart is unclear reversal head and shoulder pattern maybe i am not expert only telling my own idea {image}
Yeah.... 1.2930 my short....

Aleksbuk Nov 18, 2019 1:10am | Post# 503758

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fontu Nov 18, 2019 1:17am | Post# 503759

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gap up weekly and so ok for probable weekly set up for bull next & if so breakout for short times /weeks ! and may need days to have breakout UP 3011, pendings can wait there . now target 2975 as usual and range top likely . so playing the normal pa today with care , waiting for 2896/73 breakout for 2831 & 14 below play to bull Try!!
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NieFenG999 Nov 18, 2019 1:21am | Post# 503760

gap up weekly and so ok for probable weekly set up for bull next & if so breakout for short times /weeks ! and may need days to have breakout UP 3011, pendings can wait there . now target 2975 as usual and range top likely . so playing the normal pa today with care , waiting for 2896/73 breakout for 2831 & 14 below play to bull Try!! {image}
I just wait 1.2915 to close my short and prepare for long position.... ^_^


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