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Cable Update (GBPUSD)

  • #485,961
  • Jul 19, 2019 3:43pm Jul 19, 2019 3:43pm
Quoting asgcorp
{quote} There are no triangles on the gold price chart. There is the trading range, range high and range low. Triangles are a great way for big players to take out weak hands (retail), they most often fail and have multiple fake break outs / break downs. Markets don't work like that. There is accumulation and distribution on your price chart, no triangles. Once you realize this, you'd start to see things a lot more clearly.
I understand that mate, but like I say it's how everyone interprets the charts, how that inverted head and shoulders there can be used in the same context as your argument it could be a way for big players to trap people. What may be crap for you may work for me as vice versa, if this wasn't the case there would be only one way to trade and of course the markets wouldn't move as everyone would be buying and selling at the same time. I had a little triangle on gold which played out for me whilst you may think it's crap it bought me a fair few pips so I'm happy.
  • #485,962
  • Jul 19, 2019 3:45pm Jul 19, 2019 3:45pm
Gold
He's made it louder today in the last 24 hours.
  • #485,963
  • Jul 19, 2019 3:48pm Jul 19, 2019 3:48pm
I've got 1460-1470 for gold target
  • #485,964
  • Jul 19, 2019 3:54pm Jul 19, 2019 3:54pm
xag is iterconnected with gold and has a high monthly shark
  • #485,965
  • Jul 19, 2019 3:56pm Jul 19, 2019 3:56pm
Attached Image (click to enlarge)
Click to Enlarge Name: xagusd1907.png Size: 110 KB
  • #485,966
  • Jul 19, 2019 4:14pm Jul 19, 2019 4:14pm
the candle designs are very similar to Eur / usd.
XAG weekly
EUR monthly
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurusd1907.png Size: 119 KB
  • #485,967
  • Jul 19, 2019 5:02pm Jul 19, 2019 5:02pm
A great weekend for everyone...
  • #485,968
  • Jul 19, 2019 11:31pm Jul 19, 2019 11:31pm
What a defend on the 1.25 area of cable before market close, expecting minimum 100 pips down from this price otherwise i have to defend my account in the next week
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #485,969
  • Jul 20, 2019 2:19am Jul 20, 2019 2:19am
why i think that gu will go up , 1 more push atleast
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 39 KB
Click to Enlarge Name: GU h4.png Size: 33 KB
Click to Enlarge Name: eg h1.png Size: 28 KB
yes yes yes
  • #485,970
  • Jul 20, 2019 2:35am Jul 20, 2019 2:35am
Looks like possible inverted head and shoulders forming on H4
ex nihilo
  • #485,971
  • Jul 20, 2019 2:58am Jul 20, 2019 2:58am
i think gbp is still no problem, weak reason.
but still respects the rules of the game compared to other currencies.

so far there is no trouble, roller-coaster.
d1
  • #485,972
  • Jul 20, 2019 4:10am Jul 20, 2019 4:10am
Quoting Moty
why i think that gu will go up , 1 more push atleast {image} {image} {image}
Yeah will go up after heading a new lower low .. watchout bro .. u buy on the top again ..
  • #485,973
  • Jul 20, 2019 4:22am Jul 20, 2019 4:22am
Quoting Moty
why i think that gu will go up , 1 more push atleast {image} {image} {image}
Moty the chances are low...D1 chart have clearly indication of going down..try to break even thats better i feel.
follow the flow of music $
  • #485,974
  • Jul 20, 2019 4:36am Jul 20, 2019 4:36am
more likely to go up on monday.

Another 80 to 100 pips.

Though I will be off on Monday too.
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari MT4.png Size: 83 KB
Intraday only.
  • #485,975
  • Jul 20, 2019 5:02am Jul 20, 2019 5:02am
Quoting Oc6oph
Looks like possible inverted head and shoulders forming on H4
I will be very happy if that will create a shoulder at least
It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #485,976
  • Jul 20, 2019 5:08am Jul 20, 2019 5:08am
Nice bullish tails on 1hour and 4hr off the daily TL retest.
Bulls need to turn 2510 area from resistance, back into support again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 27 KB
Click to Enlarge Name: GBPUSDH4.png Size: 25 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 29 KB
Come with me if you want to live....
  • #485,977
  • Jul 20, 2019 6:10am Jul 20, 2019 6:10am
Quoting Moty
why i think that gu will go up , 1 more push atleast {image} {image} {image}
I dont know it will go up or down. But i suggest you to put SL. I see hidden bear divergence on H4. But i dont know valid or not. I just look for setup on M5 to entry.
I hope to see 1 more bull then down. May be go to 1.2580.
  • #485,978
  • Jul 20, 2019 7:04am Jul 20, 2019 7:04am
There is a major support zone 1.22-1.25 which proved to produce higher volatility. In the past two weeks we went twice below but quickly rejected the lows and now we are on the lower level of a huge range zone. Will support what I said later with chart so that you can get a clearer picture.
  • #485,979
  • Jul 20, 2019 8:46am Jul 20, 2019 8:46am
Quoting navk
more likely to go up on monday. Another 80 to 100 pips. Though I will be off on Monday too. {image}
I'm going to get into that bullish move ... If the price has reached support does not go down, I'll leave one or two positions for a long, and go scalper doing too, if the price movements show fall I close the long positions.
  • #485,980
  • Jul 20, 2019 9:03am Jul 20, 2019 9:03am
1.2740 is major, in June I thought will break, out of so many attempts and go to 1.2890 at least, which is 23.6 retrace from 1.4376 but it didnt. Actually it went to test below 1.24 and was quickly rejected as it remained in the downside channel. The move in the channel might continue but at at the same is on top of major support, so depending on the next week moves there are a few levels to look for. On the downside very important are 1.2380 and 1.2230, on the upside 1.26, 1.2740, 1.2890. Inbetween 1.2230 and 1.2380 some important levels might pop up depending on pivots and many other indies. Also we had many pullbacks so we can place many fibo retracements and extensions that might turn correct, chart will become difficult to read with so many levels. Beware, sudden spikes possible cause we have major political event in UK.
Attached Image (click to enlarge)
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