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Cable Update (GBPUSD)

  • #475,241
  • Feb 26, 2019 5:23am Feb 26, 2019 5:23am
Quoting elbert3
{image}{quote} Like that
may i ask?this is now correction or pullback ?
  • #475,242
  • Feb 26, 2019 5:29am Feb 26, 2019 5:29am
Quoting asnan7
{quote} may i ask?this is now correction or pullback ?
Wait for the daily close this is just a corrective down move people taking profits at the top driving the prices lower. Dollar is still weak no point in shorting this pair until confirmation. This is a key level gbp won't just tumble without another attempt to the upside.
  • #475,243
  • Feb 26, 2019 5:31am Feb 26, 2019 5:31am
Quoting asnan7
{quote} may i ask?this is now correction or pullback ?
Don't know to be honest .ijusst play it how I see it . I did have a 1 hour upper tl that it did break so it tells us it can ur was it false if one can call it false . The candles are full maybe thy need to be emptied o ins new buys. ?? It's a strange thing no if we al knew we would be Rich .
  • #475,244
  • Feb 26, 2019 5:36am Feb 26, 2019 5:36am
Quoting elbert3
{quote} Don't know to be honest .ijusst play it how I see it . I did have a 1 hour upper tl that it did break so it tells us it can ur was it false if one can call it false . The candles are full maybe thy need to be emptied o ins new buys. ?? It's a strange thing no if we al knew we would be Rich .
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4682.PNG Size: 86 KB
where the green line is one could say that ...that was a correction from 3100 if so you would of used a fib extention from the green line to 3100 and possibly looked at that as potentially a upper breakout target . I can't show you that on my phone but if any body would do that for us it would be intersecting to see please
  • #475,245
  • Feb 26, 2019 5:46am Feb 26, 2019 5:46am
1.3160-1.13175 is a good zone for buy before its second attempt to the upside.
  • #475,246
  • Feb 26, 2019 5:51am Feb 26, 2019 5:51am
Quoting Abrar1299
1.3160-1.13175 is a good zone for buy before its second attempt to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_4683.PNG Size: 91 KB
that Gwen line is the 4 hour close previous candle .so will we see doji type top on this one ?? Total take out ? Or support.?? We just have to keep in mind the possibility. Regards
  • #475,247
  • Feb 26, 2019 5:58am Feb 26, 2019 5:58am
thanks everyone, i'll wait and see
  • #475,248
  • Feb 26, 2019 6:04am Feb 26, 2019 6:04am
Quoting elbert3
{quote} {image} that Gwen line is the 4 hour close previous candle .so will we see doji type top on this one ?? Total take out ? Or support.?? We just have to keep in mind the possibility. Regards
this pair stays a buy until its not. all the big players are buying the pound look at the candle bodies + the USD is under pressure across the board its safer to stay with the trend as no can find the top precisely as it broke the 1.3217 top like it was nothing the next stop is 1.33 even if the gbp stays flat i think there will be more usd selling in NY Session. So shorting is a bad idea.
  • #475,249
  • Feb 26, 2019 6:05am Feb 26, 2019 6:05am
Quoting Abrar1299
{quote} this pair stays a buy until its not. all the big players are buying the pound look at the candle bodies + the USD is under pressure across the board its safer to stay with the trend as no can find the top precisely as it broke the 1.3217 top like it was nothing the next stop is 1.33 even if the gbp stays flat i think there will be more usd selling in NY Session. So shorting is a bad idea.
Noted cheers
  • #475,250
  • Feb 26, 2019 6:08am Feb 26, 2019 6:08am
Quoting Abrar1299
{quote} this pair stays a buy until its not. all the big players are buying the pound look at the candle bodies + the USD is under pressure across the board its safer to stay with the trend as no can find the top precisely as it broke the 1.3217 top like it was nothing the next stop is 1.33 even if the gbp stays flat i think there will be more usd selling in NY Session. So shorting is a bad idea.
yes me also thinks, it will reach 1.3300 very soon, if us market opens more USD selling will happen..
follow the flow of music $
  • #475,251
  • Feb 26, 2019 6:08am Feb 26, 2019 6:08am
Weekly PP R2 3240, R1 3150
if can retrace to 3150 is great to buy
PA Return This Week: na
  • #475,252
  • Feb 26, 2019 6:16am Feb 26, 2019 6:16am
Quoting Abrar1299
{quote} this pair stays a buy until its not. all the big players are buying the pound look at the candle bodies + the USD is under pressure across the board its safer to stay with the trend as no can find the top precisely as it broke the 1.3217 top like it was nothing the next stop is 1.33 even if the gbp stays flat i think there will be more usd selling in NY Session. So shorting is a bad idea.
this is what i need to learn.. big thanks.. i need to open my hedge but i'm afraid this pair still go up ...
  • #475,253
  • Feb 26, 2019 6:18am Feb 26, 2019 6:18am
It could come crashing down if there is no delay to Brexit and the only option is a no deal
Don't Worry Be Happy
  • #475,254
  • Feb 26, 2019 6:26am Feb 26, 2019 6:26am
significant weekly resistance here in the 3230/40 area....but...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 57 KB
Look Sharp/Trade Tight
  • #475,255
  • Feb 26, 2019 6:31am Feb 26, 2019 6:31am
Quoting PayTheLimit
significant weekly resistance here in the 3230/40 area....but... {image}
today feels like one of those days where cable is riding on a rocket and keeps breaking levels without paying taxes (correction) the only proper level is 1.3290-1.33 that might stop it.
  • #475,256
  • Feb 26, 2019 7:03am Feb 26, 2019 7:03am
Quoting Abrar1299
{quote} today feels like one of those days where cable is riding on a rocket and keeps breaking levels without paying taxes (correction) the only proper level is 1.3290-1.33 that might stop it.
I'm flat right now, got no signal to try something, good resistance up here but I need to PA to giver me a reason to try something either way..
Look Sharp/Trade Tight
  • #475,257
  • Feb 26, 2019 7:08am Feb 26, 2019 7:08am
Quoting Abrar1299
{quote} today feels like one of those days where cable is riding on a rocket and keeps breaking levels without paying taxes (correction) the only proper level is 1.3290-1.33 that might stop it.
looks like the cable paid its taxes long on 1.3185 target 1.3260 stops 1.3175 not much to lose if it goes the other way
  • #475,258
  • Feb 26, 2019 7:29am Feb 26, 2019 7:29am
Quoting MrPresident
went long target 1.31+ stop 1.295
closed long

entered short from 1.32, stop 1.33, target open
Don't Worry Be Happy
  • #475,259
  • Feb 26, 2019 7:39am Feb 26, 2019 7:39am
Quoting MrPresident
{quote} closed long entered short from 1.32, stop 1.33, target open
TP1 : 1.31, TP2 : 1.30
  • #475,260
  • Feb 26, 2019 7:40am Feb 26, 2019 7:40am
Quoting Abrar1299
{quote} looks like the cable paid its taxes long on 1.3185 target 1.3260 stops 1.3175 not much to lose if it goes the other way
Managed that short to my mornings long target at 3177 and just watching to see if it can take it out or we get a bounce to hedge in long again
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