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Cable Update (GBPUSD)

  • #467,781
  • Nov 6, 2018 6:32am Nov 6, 2018 6:32am
Quoting aa4fx
{quote} I just sold 1.3080 (should have been half size, but OK)
GL mate
just for a cup of coffee...
  • #467,782
  • Nov 6, 2018 6:36am Nov 6, 2018 6:36am
Quoting Trade-G
{quote} Just as I also wish for a bigger retrace, H4 is displaying a compression for a strong move. All lower timeframe is bullish with exception of D1 and above. Last weeks upswing is a prep for the larger timeframe players.
And so it happen
  • #467,783
  • Nov 6, 2018 6:50am Nov 6, 2018 6:50am
When a dominant trend that is confirmed by its daily, the probability of the trend continuing is very high... that informs you right away that something specific is happening to the US Dollar as well as British economy.
  • #467,784
  • Nov 6, 2018 7:00am Nov 6, 2018 7:00am
Quoting akim0895
i wait for us open later work sell at 1st time and i don’t think it drop again around 3080
What do you mean bro?
  • #467,785
  • Nov 6, 2018 7:00am Nov 6, 2018 7:00am
My first live trade after almost 2 weeks.
Attached Image (click to enlarge)
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Intraday only.
  • #467,786
  • Nov 6, 2018 7:01am Nov 6, 2018 7:01am
Quoting Trade-G
{quote} What do you mean bro?
i don’t thinks price will drop again at 3080 level
but now seem i’m wrong mate..️
just for a cup of coffee...
  • #467,787
  • Nov 6, 2018 7:14am Nov 6, 2018 7:14am
No you are not, expansion target 1.3140 for breakout
  • #467,788
  • Nov 6, 2018 7:16am Nov 6, 2018 7:16am
Quoting navk
My first live trade after almost 2 weeks. {image}
Nice bottom catch, looks like it should run further up
  • #467,789
  • Nov 6, 2018 7:24am Nov 6, 2018 7:24am
Quoting akim0895
{quote} i don’t thinks price will drop again at 3080 level but now seem i’m wrong mate..️
Seems that you are right?
  • #467,790
  • Nov 6, 2018 7:24am Nov 6, 2018 7:24am
now let it fly first then short at 3140 and 3200
PA Return Today: na
  • #467,791
  • Nov 6, 2018 7:24am Nov 6, 2018 7:24am
this is enough for the day for me... have a nice day guys!
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  • #467,792
  • Nov 6, 2018 7:26am Nov 6, 2018 7:26am
Quoting Trade-G
{quote} Seems that you are right?
not yet mate
dxy may bounce there or deep dive
lets see..
just for a cup of coffee...
  • #467,793
  • Nov 6, 2018 7:26am Nov 6, 2018 7:26am
how much is enough?
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  • #467,794
  • Nov 6, 2018 7:28am Nov 6, 2018 7:28am
Quoting akim0895
{quote} not yet mate dxy may bounce there or deep dive lets see..
Oh I see what you mean hahahah.... it looks as if the bullish setup on DXY M5 has been broken technically
  • #467,795
  • Nov 6, 2018 7:30am Nov 6, 2018 7:30am
There should be some reaction at that zone 96,20 but anything can happen H1 should confirm things shortly
  • #467,796
  • Nov 6, 2018 7:34am Nov 6, 2018 7:34am
However 1.3096 is also at a downtrendline, so yeah its a zone where all things comes together, but if it overcomes it tells alot
  • #467,797
  • Nov 6, 2018 7:41am Nov 6, 2018 7:41am
Quoting Minda08
When a dominant trend that is confirmed by its daily, the probability of the trend continuing is very high... that informs you right away that something specific is happening to the US Dollar as well as British economy.
Can you shed some light from your word of wisdom please?
  • #467,798
  • Nov 6, 2018 7:45am Nov 6, 2018 7:45am
Looking at technical perspective, there is no bearish setup or reversal setup on cable as yet except for the downtrend resistance line. Likely to be a congestion zone until the fruit is ripe
  • #467,799
  • Nov 6, 2018 7:47am Nov 6, 2018 7:47am
Akim DXY previous bullish setup is overcome, now its the 96 region which 1) a bounce from there making a DB or 2) a break through
  • #467,800
  • Nov 6, 2018 7:49am Nov 6, 2018 7:49am
I could be wrong too... any other outlook?
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