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Cable Update (GBPUSD)

  • #492,101
  • Sep 5, 2019 4:01am Sep 5, 2019 4:01am
22629 may signal for 2226 ( below 2249)last bounce chance again & if breaks conformation 2209 , test 2161 down
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #492,102
  • Sep 5, 2019 4:14am Sep 5, 2019 4:14am
There is no way that price will break adr target to the upside, 3times in raw
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yes yes yes
  • #492,103
  • Sep 5, 2019 4:15am Sep 5, 2019 4:15am
Hedging is best as Long is still a counter-trend and momentum may return for those Bears
I do hope he hedged

Quoting fxmars
{quote} How could you read that as a double top when that engulfing pattern is bouncing off your ema channel with a very strong close??? I mean it's fine to take countertrend trades, but you also need to read the chart, and either use a stop or at least hedge when the yrade goes against you. You could do so much better if you gave in to the market when you have the wrong direction. I hope you one day learn the rythm of the market, when to follow the trend and when to take countertrend trades. It will make all the diggerence for your profit.
yakinaja.hajarblehh
  • #492,104
  • Sep 5, 2019 4:19am Sep 5, 2019 4:19am
Quoting modalyakin
Hedging is best as Long is still a counter-trend and momentum may return for those Bears I do hope he hedged {quote}
lol ofcourse not.
you cant hedge roulette....

LONG 1.2274
target 1.2309 for 35 pips
in wondering about yourself, you forgot what you came here to be part of
  • #492,105
  • Sep 5, 2019 4:22am Sep 5, 2019 4:22am
there are still buyers since trend is bullish. there are sellers anticipating resistance.

who is right?

For me there is 4hr resistance ion top of 2287
Intraday only.
  • #492,106
  • Sep 5, 2019 4:24am Sep 5, 2019 4:24am
just move from channel so it is buy for me in qty large
  • #492,107
  • Sep 5, 2019 4:25am Sep 5, 2019 4:25am
Lol.. best comment I read today

Quoting knkie
{quote} lol ofcourse not. you cant hedge roulette.... LONG 1.2274 target 1.2309 for 35 pips
yakinaja.hajarblehh
  • #492,108
  • Sep 5, 2019 4:26am Sep 5, 2019 4:26am
Quoting navk
there are still buyers since trend is bullish. there are sellers anticipating resistance. who is right? For me there is 4hr resistance ion top of 2287
agreed but a close above 1.22742 on M5 would negate the R power
in wondering about yourself, you forgot what you came here to be part of
  • #492,109
  • Sep 5, 2019 4:27am Sep 5, 2019 4:27am
Quoting Moty
There is no way that price will break adr target to the upside, 3times in raw {image}
https://www.forexfactory.com/news/94...to-stop-brexit
Confidence? Good to push up take stops?
  • #492,110
  • Sep 5, 2019 4:28am Sep 5, 2019 4:28am
Quoting greengp
just move from channel so it is buy for me in qty large

It will need to close on a bullish candle in the daily chart above 1.2287 area before i think about looking for a buy entre my friend.
  • #492,111
  • Sep 5, 2019 4:32am Sep 5, 2019 4:32am
pump and pump that is what i require from indian stock market
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  • #492,112
  • Sep 5, 2019 4:34am Sep 5, 2019 4:34am
Just usdx checking in sleeping mode, test 98.22/97.99 likely direct daily /weekly before reaction. So correction chance may be very limited in others before next decision. So eu , gu bull tries continue as anyway and be carefull. 98.226 not far away though!
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #492,113
  • Sep 5, 2019 4:36am Sep 5, 2019 4:36am
now I'm waiting patiently for exhaustion....
Time will tell.
Take Care.
Attached Image (click to enlarge)
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  • #492,114
  • Sep 5, 2019 4:37am Sep 5, 2019 4:37am
Quoting knkie
{quote} agreed but a close above 1.22742 on M5 would negate the R power
this is M5
price broke 22742.
then it held with a full bar.
this diminishes the strength of the top @ 22856

target still 2309 which is a structural High
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #492,115
  • Sep 5, 2019 4:41am Sep 5, 2019 4:41am
Quoting knkie
{quote} agreed but a close above 1.22742 on M5 would negate the R power
Intraday only.
  • #492,116
  • Sep 5, 2019 4:43am Sep 5, 2019 4:43am
short @ 1.2301

sl 40 pip
tp open
  • #492,117
  • Sep 5, 2019 4:45am Sep 5, 2019 4:45am
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push it to the tl
  • #492,118
  • Sep 5, 2019 4:45am Sep 5, 2019 4:45am
Tempting to short the level, but in this kind of market I'm gonna wait for confirmation first.
  • #492,119
  • Sep 5, 2019 4:46am Sep 5, 2019 4:46am
Quoting knkie
{quote} this is M5 price broke 22742. then it held with a full bar. this diminishes the strength of the top @ 22856 target still 2309 which is a structural High {image}
excellent trade if i say so myself.
Exit with +34 pips.

now lest see what happens with 22856
in wondering about yourself, you forgot what you came here to be part of
  • #492,120
  • Sep 5, 2019 4:46am Sep 5, 2019 4:46am
Me thank Nav
Quoting navk
there are still buyers since trend is bullish. there are sellers anticipating resistance. who is right? For me there is 4hr resistance ion top of 2287
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