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Cable Update (GBPUSD)

  • #494,041
  • Sep 20, 2019 10:37am Sep 20, 2019 10:37am
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 57 KB
yes yes yes
  • #494,042
  • Sep 20, 2019 10:44am Sep 20, 2019 10:44am
Next week is bearish, the cross means power to bears proper retrace at least
hours till close but it will be that

Quoting asgcorp
{quote} good point. Also means that we most likely get a range week next week. Mnt range is out already, we trade in a range for at least one week now.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #494,043
  • Edited 11:01am Sep 20, 2019 10:48am | Edited 11:01am
Rising wedge, it will drop to 1.224xx area..time to short..
Attached Image (click to enlarge)
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  • #494,044
  • Sep 20, 2019 10:51am Sep 20, 2019 10:51am
Quoting Fadhl
{quote} I know you specifically asked B_Hand, here is how I see EW in 15mn TF. {image}
Thanks, Fadhl, I've asked b_hand about Wolfe Waves just because previously he posted a chart with them which didn't have anything to do with it (imo) so I would like to know what I am missing...I know WW but don't use them too often as a day trader because I might miss some important trades (like yesterday)...Thanks for sharing your chart. Good luck with your trading...
Attached Image (click to enlarge)
Click to Enlarge Name: GJ09.20.15M.b.png Size: 89 KB
Always trade your own plan...I don't provide trading signals.
  • #494,045
  • Sep 20, 2019 10:54am Sep 20, 2019 10:54am
Quoting Bones
Next week is bearish, the cross means power to bears proper retrace at least hours till close but it will be that {quote}
This weekly candle means indecision, also means that large operators are testing the market for any signs of supply (short sellers).
Not sure what's a proper retrace in your book though.
  • #494,046
  • Sep 20, 2019 10:59am Sep 20, 2019 10:59am
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 32 KB
yes yes yes
  • #494,047
  • Sep 20, 2019 11:03am Sep 20, 2019 11:03am
Quoting Bones
Next week is bearish, the cross means power to bears proper retrace at least hours till close but it will be that {quote}
what have you got as a possible target on the retrace? below 2400?
  • #494,048
  • Sep 20, 2019 11:11am Sep 20, 2019 11:11am
so just to add some background , the never ending brexit rumors will keep flowing till the actual exit date ( if there ever will be one )

next week the crucial issue will be the supreme court ruling : yesterday rumors had it , that Johnson would get a green light whatever the outcome of the ruling is

now it looks like , there could be in fact some risks for Hulk notwithstanding his political clout : should the court rule that the UK Prime Minister misled the Queen into Parliament Suspension , and that Parliament must be called back ASAP , Cable could be hit hard

the likelihood of such ruling is low admittedly , but not so low after all , so watch out
  • #494,049
  • Sep 20, 2019 11:30am Sep 20, 2019 11:30am
you need something really big to kill off this bull run, obviously. So far 2500 been tested multiple times. Just a matter of time now before it cracks
and GU ramps up and takes on a new target at 2750//2800.

Also SSI data is still very well balanced, so bull run resumes after some sort of pullback next week.

Imo same drill applies next week. BS range entire week. Then mark up into end of week.
  • #494,050
  • Sep 20, 2019 11:36am Sep 20, 2019 11:36am
could be, next week I prefer shorts into month end ,then maybe long

Quoting asgcorp
{quote} what have you got as a possible target on the retrace? below 2400?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 48 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #494,051
  • Sep 20, 2019 11:38am Sep 20, 2019 11:38am
hi guys
you can take the eurgbp proxy pair of gbuusd since eurousd trade in very narrow range ...so eurgbp trade is all about 80% strength or weakness of gbp..
eurgbp currently at 61% retracement level from last move up on a weekly chart ..very important level...
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly.png Size: 21 KB
sell strength in falling markets, and buy weakness in rising markets.
  • #494,052
  • Sep 20, 2019 11:44am Sep 20, 2019 11:44am
Quoting htcone
hi guys you can take the eurgbp proxy pair of gbuusd since eurousd trade in very narrow range ...so eurgbp trade is all about 80% strength or weakness of gbp.. eurgbp currently at 61% retracement level from last move up on a weekly chart ..very important level... {image}
on EG daily did price do anything when it hit 618 the last time?
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  • #494,053
  • Sep 20, 2019 11:58am Sep 20, 2019 11:58am
Quoting asgcorp
{quote} on EG daily did price do anything when it hit 618 the last time? {image}
last leg up..
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPWeekly 1.png Size: 38 KB
sell strength in falling markets, and buy weakness in rising markets.
  • #494,054
  • Sep 20, 2019 12:46pm Sep 20, 2019 12:46pm
i like this last candle
Attached Image (click to enlarge)
Click to Enlarge Name: GU h1.png Size: 42 KB
yes yes yes
  • #494,055
  • Sep 20, 2019 12:47pm Sep 20, 2019 12:47pm
Possible bullish bat pattern in play...if LOD holds
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #494,056
  • Sep 20, 2019 1:04pm Sep 20, 2019 1:04pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU m5.png Size: 45 KB
yes yes yes
  • #494,057
  • Sep 20, 2019 1:26pm Sep 20, 2019 1:26pm
Quoting Moty
{image}
maybe not today and like I said LOD has to hold...because bears waited at 38.2% ret. with the force and pushed the price to the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: GU09.20.15M.d.png Size: 99 KB
Always trade your own plan...I don't provide trading signals.
  • #494,058
  • Sep 20, 2019 1:39pm Sep 20, 2019 1:39pm
NOT TO TRADE
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  • #494,059
  • Sep 20, 2019 1:43pm Sep 20, 2019 1:43pm
Usdx at the middle of 2 levels, still time it may below if.or pending fight for next week again!!
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,060
  • Sep 20, 2019 2:00pm Sep 20, 2019 2:00pm
I'm not a big expert of Jap stick combos, but what we got on weekly, it ain't a Harami Cross.

What is a Harami Cross?

A harami cross is a Japanese candlestick pattern that consists of a large candlestick that moves in the direction of the trend, followed by a small dojicandlestick. The doji is completely contained within the prior candlestick’s body. The harami cross pattern suggests that the previous trend may be about to reverse. The pattern can be either bullish or bearish. The bullish pattern signals a possible price reversal to the upside, while the bearish pattern signals a possible price reversal to the downside.
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