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Cable Update (GBPUSD)

  • #484,701
  • Jul 13, 2019 6:12am Jul 13, 2019 6:12am
Quoting Theoak
{quote} Don't worry I have my tried and tested formula.... Fingers crossed if that does not work; plan B - PRAY! Works every time!!!
Told ya!! Works every time!!!
Don't trade what you think. Just what you see!!!
  • #484,702
  • Jul 13, 2019 7:34am Jul 13, 2019 7:34am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,703
  • Jul 13, 2019 7:39am Jul 13, 2019 7:39am
Quoting Bones
Just saying bears don't have the $ off that level then GBP must move super bear to break the bottom cable {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,704
  • Jul 13, 2019 7:44am Jul 13, 2019 7:44am
Quoting elbert3
Morning so what do we see 1 on the day chart we see price broke resistance 2520 where I had pp and came within 1 pip of takeimg me out 2. On the day we have 3 tl it just went over the first one so it looks to be heading for the second which sits 2660 3 .on the day 2651 tl also meets 61.8 fib from 2779 to our bottom at this time 4. On the day we also have 2613 also meets resistance and 50% fib 4. Breakout of the last tl then 2770 comes as resistance 5. Beyond that ext are around 2825 and 2862 where it hit the tl at this time 6 . If this is a pullback...
any reason fundamentally GBP? 9th week oneway weak on gbp political game
  • #484,705
  • Jul 13, 2019 7:45am Jul 13, 2019 7:45am
S & P Maybe can break the historical top...Falling dólar is approaching.
  • #484,706
  • Jul 13, 2019 7:50am Jul 13, 2019 7:50am
to be true the next few are blue keep this pattern going, monthly open is false, break down false

market blinks in an area like that most likely it's bullish consolidation


[attach]Screenshot 2019-07-13 at 13.53.39.png;3385081[/att ach]
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,707
  • Jul 13, 2019 8:04am Jul 13, 2019 8:04am
this is the zone of price manipulation he will show us in this region what he wants.
  • #484,708
  • Jul 13, 2019 8:17am Jul 13, 2019 8:17am
Each higher time frame screen shot that's been posted is showinglower high and lower low price is pulling back to make a lower high for now. Keep it simple
  • #484,709
  • Jul 13, 2019 8:22am Jul 13, 2019 8:22am
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  • #484,710
  • Jul 13, 2019 8:27am Jul 13, 2019 8:27am
July is the beginning of new quarter ... we play in random market ... just love the zone
not euphoria follower
  • #484,711
  • Jul 13, 2019 8:28am Jul 13, 2019 8:28am
this pair don't has more support.
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  • #484,712
  • Edited 9:05am Jul 13, 2019 8:54am | Edited 9:05am
Here is daily chart which goes back to March 2017. End of March 2017 1.26 was a resistance then April was broken and later became a strong support and the price moved up to 1.43. 1.26 isnt really broken, by now is the 3rd time tested in a short period.
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  • #484,713
  • Jul 13, 2019 9:14am Jul 13, 2019 9:14am
look at the weekly, that's simple
add it up I see at least 15 reasons for outlook, which I probably posted already
that's building a picture of this mess were in
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,714
  • Jul 13, 2019 9:31am Jul 13, 2019 9:31am
Quoting Bones
look at the weekly, that's simple add it up I see at least 15 reasons for outlook, which I probably posted already that's building a picture of this mess were in
If you regard my post, yeah you are probably right, but here shows clearer that crossing some level doesnt mean you broke it.
  • #484,715
  • Jul 13, 2019 9:32am Jul 13, 2019 9:32am
British politics be like
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  • #484,716
  • Jul 13, 2019 9:32am Jul 13, 2019 9:32am
Quoting Neil0163
Each higher time frame screen shot that's been posted is showinglower high and lower low price is pulling back to make a lower high for now. Keep it simple
bigger time frames are still short , smaller time frames could suggest a small pull back looming
  • #484,717
  • Jul 13, 2019 11:01am Jul 13, 2019 11:01am
Quoting MXT
{quote} bigger time frames are still short , smaller time frames could suggest a small pull back looming
Agreed. 1.26 is still strong resistance, but I see it breaking in July.
  • #484,718
  • Jul 13, 2019 11:09am Jul 13, 2019 11:09am
Quoting MXT
{quote} bigger time frames are still short , smaller time frames could suggest a small pull back looming
Yup my thoughts exactly but this upmove for me is the pullback
  • #484,719
  • Jul 13, 2019 11:17am Jul 13, 2019 11:17am
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Quoting Ill-b-back
{quote} Tell me what you don't understand and I'll see if I can clarify. I see USD support area below on the weekly. {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #484,720
  • Edited 12:18pm Jul 13, 2019 12:07pm | Edited 12:18pm
I missed the markings my brokerage is no longer showing the chart completely, but I have this saved image.
DXY..
I'm glad it's just the Dxy chart.
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