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Cable Update (GBPUSD)

  • #493,121
  • Sep 13, 2019 3:22pm Sep 13, 2019 3:22pm
Quoting MrPresident
{quote} bullish setup on the daily chart for next week
May but in doubt, price need breaks 2505 and 2521 to enter bull set up next and if all ok may correct towards 2150 to do so!
Now failure top goes 2494!
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #493,122
  • Sep 13, 2019 3:32pm Sep 13, 2019 3:32pm
Quoting OnlineAddict
Short 2492, target open, but eyeing 2205. But even 2130 is possible, not going to wait that long, though. Long term still bullish biased, looking at the monthly chart.
Added short at GJ at 135.15, target open.
Everyone can see the chart, but only a few can actually read it.
  • #493,123
  • Sep 13, 2019 3:57pm Sep 13, 2019 3:57pm
Attached Image (click to enlarge)
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yes yes yes
  • #493,124
  • Sep 13, 2019 4:21pm Sep 13, 2019 4:21pm
WHAT IS GOING HERE
  • #493,125
  • Sep 13, 2019 4:30pm Sep 13, 2019 4:30pm
Quoting greengp
WHAT IS GOING HERE
How do you kick someone from a thread.
He's just being annoying, bringing nothing to the conversation.
Do or do not, there is no try - Master Yoda
  • #493,126
  • Sep 13, 2019 4:33pm Sep 13, 2019 4:33pm
Settling on this as resistance above.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDMonthly.png Size: 28 KB
Come with me if you want to live....
  • #493,127
  • Sep 13, 2019 4:59pm Sep 13, 2019 4:59pm
Quoting fontu
{quote} May but in doubt, price need breaks 2505 and 2521 to enter bull set up next and if all ok may correct towards 2150 to do so! Now failure top goes 2494! {image}
Why .2150?
  • #493,128
  • Sep 13, 2019 6:06pm Sep 13, 2019 6:06pm
Quoting DailyChart
{quote} All the support still respected so far
Doing Well
  • #493,129
  • Sep 13, 2019 10:51pm Sep 13, 2019 10:51pm
Quoting Dingoman-two
50% fib can/could be a possible flip zone folks. {image}
I see a possible pull back to the following support areas at 1.24313 or 1.24030,
If these leves fail then expect the fall to be as far as the 1.2129 area is possible.

Before continuing on it's bullrun to the 1.26699 area.

Attached Image (click to enlarge)
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  • #493,130
  • Sep 13, 2019 11:11pm Sep 13, 2019 11:11pm
Quoting Bones
How that candle close's is very important, we already know about Oct If it reaches for the line & leaves a wick, maybe that's the best bear scenario Out the box is best
How have you been bones? GBP is in a strong uptrend now.it hit a weekly pivot @2508 and retraced. 2593 is next level above that and after that a massive squeeze till 2744 will happen. on the downside 2442 followed by 2394 is support. it is a buy on dips for now but shallow dips should not be bought imho
  • #493,131
  • Sep 13, 2019 11:12pm Sep 13, 2019 11:12pm
Quoting OnlineAddict
{quote} Added short at GJ at 135.15, target open.
usdjpy will support this trade from the gbp side its bought
  • #493,132
  • Sep 14, 2019 12:39am Sep 14, 2019 12:39am
Weekly chart, 2600 is the final destination of GBUSD's up
Attached Image (click to enlarge)
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  • #493,133
  • Sep 14, 2019 2:05am Sep 14, 2019 2:05am
very strong daily/weekly close, weekly closed at/near highs. At this rate GU is set to take out 2500 and fly.
Maybe we can hit 2600-2700 before any meaningful bear.
SSI data shows 50/50, so no bear in sight yet.

I will post a chart update later, we got to zoom out to daily.
  • #493,134
  • Sep 14, 2019 3:04am Sep 14, 2019 3:04am
Quoting asgcorp
very strong daily/weekly close, weekly closed at/near highs. At this rate GU is set to take out 2500 and fly. Maybe we can hit 2600-2700 before any meaningful bear. SSI data shows 50/50, so no bear in sight yet. I will post a chart update later, we got to zoom out to daily.
There is a measured target on the daily for 2705 which looks likely to me.
  • #493,135
  • Sep 14, 2019 3:26am Sep 14, 2019 3:26am
GBPUSD daily review. Res @ 2600, Supp @ 2300.
This channel contains price action for past 12 months.

Possible target zone for bulls after pullback - 2700-2900.
2300 is a great entry on buy side once GU completes pullback.

Right now overbought, but I don't expect 2500 to stop the bull run.
Max out near 2600 and then expecting a pullback.

Good luck, traders!
Attached Image (click to enlarge)
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  • #493,136
  • Sep 14, 2019 3:38am Sep 14, 2019 3:38am
daily RSI14 says there's more upside still, which confirms that GU wont' stop @ 2500.
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  • #493,137
  • Sep 14, 2019 3:41am Sep 14, 2019 3:41am
Quoting Nala66
{quote} There is a measured target on the daily for 2705 which looks likely to me.
2700 looks good, yes. But with GU running on borrowed mnt range >2500, I don't think this will happen in September.
2700-2800 looking good for October though.
  • #493,138
  • Sep 14, 2019 3:42am Sep 14, 2019 3:42am
the higher they pump it in October (2700-2800), the bigger the dump we get afterwards.
  • #493,139
  • Sep 14, 2019 3:50am Sep 14, 2019 3:50am
sine wave on GU daily. Noteworthy.
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  • #493,140
  • Sep 14, 2019 3:59am Sep 14, 2019 3:59am
SSI nowhere near bear zone. We need bulls at 80-85% for the next leg down.
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