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Cable Update (GBPUSD)

  • #468,201
  • Nov 10, 2018 7:17am Nov 10, 2018 7:17am
one more resignation Mays out
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,202
  • Nov 10, 2018 7:19am Nov 10, 2018 7:19am
not trustworthy needs higher to reverse

Quoting Bones
who trusts that w1 after Friday {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,203
  • Nov 10, 2018 7:28am Nov 10, 2018 7:28am
I often look at less well-known forex candles but I'm never right
,my stake is high in a short now maybe I'm bais ,it's gone a bit further than id like but that's the whole idea

Quoting Zircon
{quote} Abandoned Baby I hope so {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #468,204
  • Nov 10, 2018 8:30am Nov 10, 2018 8:30am
minimum correction as targeted 1.2950 may be soon , may retest again & again & false breakout but may continue bull to its target . Take care
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #468,205
  • Nov 10, 2018 10:34am Nov 10, 2018 10:34am
Quoting Zircon
{quote} I see what you are pointing. candlesticks is an amazing tool to build a high probability trade. A gap near to a support price is strong buying for sure , a closing a gap in this case is saying the first attempt is failed. Every end of trend has a top or bottom to allow the sentiment change. In our case the bottom is there, a hammer to a kind of spinning bottom. look at the daily it printed a strong Morning star. The high probability the buying gonna continue next week. assuming the open is a little bit upper. fundamental in favor weak sterling.....
Naaah, trading is easy Z, making money with it sometimes tough though...
Come with me if you want to live....
  • #468,206
  • Nov 10, 2018 7:51pm Nov 10, 2018 7:51pm
OK I will stick my neck out here and say that the next (Monday) bar will be bullish.

Reason... The last daily bar tried and failed to close the price below the previous average low, so it is a bounce?

Now I would take that with a pinch of salt because I would be looking for evidence on the lower time frames to support this 'thinking'
  • #468,207
  • Edited 1:37am Nov 11, 2018 12:12am | Edited 1:37am
Quoting Nala66
OK I will stick my neck out here and say that the next (Monday) bar will be bullish. Reason... The last daily bar tried and failed to close the price below the previous average low, so it is a bounce? Now I would take that with a pinch of salt because I would be looking for evidence on the lower time frames to support this 'thinking'
may go any , may taste salt & sugar simultaneously. In daily tf strong bear candle 2nd , 3rd likely ranging all in 50% fibs mofu areas, minimum price may correct down 1.2950 within reach , weekly undecided with bear pressure but piercing line bull in action( waiting for brexit breakthrough perhaps ) .In lower tf making a ground to bounce for further low tries as space there to go, may be the one last leg already ended down to bounce to back again or still can range down to 2950 down to bounce once for all comfortably , supports here 1.2932/2910 . anyway looking the ground to bounce here temporarily .price close over 1.2986 H1 tf to test 1.3005 & close above & hold type that level will take as good signal for the bounce Lower tf .Happy weekend .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 44 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #468,208
  • Nov 11, 2018 1:56am Nov 11, 2018 1:56am
Quoting Nala66
OK I will stick my neck out here and say that the next (Monday) bar will be bullish. Reason... The last daily bar tried and failed to close the price below the previous average low, so it is a bounce? Now I would take that with a pinch of salt because I would be looking for evidence on the lower time frames to support this 'thinking'
I second you on that... but not for the same reason... the reason is the market will cherish PM May's Resignation, she failed...UK needs pro European Union Leader such as Jo Johnson
  • #468,209
  • Nov 11, 2018 2:26am Nov 11, 2018 2:26am
Quoting Georginson
{quote} Hello mate, my analysis points to me that the down trend has not ended just yet, I still see a clear break of 1.2660 low established in August. The bullish take off is just momentum gathering to break lower. In summary I expect 1.2580 - 1.2600 this November.
The above was said last week and I'm having more reason to believe in price dropping to 1.2580 this November. I sometimes look out for EURUSD behavior to buttress my view on GBPUSD. The Euro pair was just 3 pips away to the month opening price, so GBPUSD will also test the opening price at 1.2769 and once the opening price is tested, 1.2580 will be imminent. Though I fancy an opening gap lower and a bull candle for this Monday.
Data + Stat + Risk/Emotions Management
  • #468,210
  • Nov 11, 2018 3:00am Nov 11, 2018 3:00am
Good point!

KP

Quoting Georginson
{quote} ... I sometimes look out for EURUSD behavior to buttress my view on GBPUSD. The Euro pair was just 3 pips away to the month opening price, so GBPUSD will also test the opening price at 1.2769 and once the opening price is tested....
Do your homework, follow the footprints of smart money
  • #468,211
  • Nov 11, 2018 3:03am Nov 11, 2018 3:03am
I still do not see signs of turning north
no confirmation.
.
so I'm waiting.
h1
Attached Image (click to enlarge)
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  • #468,212
  • Nov 11, 2018 3:39am Nov 11, 2018 3:39am
I think the market will open with a gap down 70 pip bad news on brexit this week end
  • #468,213
  • Nov 11, 2018 7:19am Nov 11, 2018 7:19am
So I was right including a few others frequent commentators here in this chatroom. Last week Turn point at 1.3170 when I call short. Sometimes I see commentators who are excessively bullish or bearish to comment unnecessarily or maybe perhaps for very high timeframes where it sometimes is ridiculous.
  • #468,214
  • Nov 11, 2018 7:25am Nov 11, 2018 7:25am
Quoting Bicarus
{quote} when will people learn...
So whats your view now?
  • #468,215
  • Nov 11, 2018 7:29am Nov 11, 2018 7:29am
Meant no disrespect. There are some others who are very bullish but accepted the fact the pullbacks in the form of bearish scalps are fair enough. But hold a larger bullish view.
  • #468,216
  • Nov 11, 2018 7:31am Nov 11, 2018 7:31am
Quoting Robinhood1
{quote} Hi Trade-G. I am back. I appreciate your concern for me. This time with more fun than ever Long 1.2781 till 1.3723 and then reverse
GREAT to see you !
  • #468,217
  • Nov 11, 2018 7:38am Nov 11, 2018 7:38am
Quoting Trade-G
Shorts executed
It has reached a designated expansion target 1.2972 region. If downward pressure is great 1.2054 zone can be next target. However its good to look for signs whether downward continuation signals will fail or reversal signals on the cards.
  • #468,218
  • Nov 11, 2018 7:43am Nov 11, 2018 7:43am
May not be accessing next week as I will be on a Love Boat.... any juicy news and comments pls tag me, navk, akim, robinhood, nala, alirelax, bones - be good hehehhe and others cheers
  • #468,219
  • Nov 11, 2018 7:53am Nov 11, 2018 7:53am
Quoting Trade-G
If this downswing have legs target 1.3040 region
It cleared 1.3040 and a retest confirmed resistance before falling back to the target zone of 1.2972 region. From here it may react to 1.2054 region but as long as 1.29335 stays supported and preferably H4 close above it in all accounts, look for bullish reversals to go long.
  • #468,220
  • Nov 11, 2018 8:01am Nov 11, 2018 8:01am
Should M5 closed above 1.2984 with a good tested support thereafter, good to go long for a swing
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Olu