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Cable Update (GBPUSD)

  • #495,581
  • Oct 1, 2019 12:54pm Oct 1, 2019 12:54pm
H4 price/rsi11 div should give bulls a bit of a boost. Let's see what happens.
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  • #495,582
  • Oct 1, 2019 12:57pm Oct 1, 2019 12:57pm
Quoting Neil0163
And I'm glad I waited and didn't jump in to short, Analysis still stands a test of either 1.2380-1.2400 OR form a double top on daily and have retest of high before moving lower.
i think you are still waiting for the neckline to be rested on H^S pattern..
sell strength in falling markets, and buy weakness in rising markets.
  • #495,583
  • Oct 1, 2019 12:57pm Oct 1, 2019 12:57pm
EG on weekly and daily looks like it’s going up from high to recent low broke above 23.6 fib. So maybe GU goes down a bit more
ex nihilo
  • #495,584
  • Oct 1, 2019 12:59pm Oct 1, 2019 12:59pm
also daily candle (not closed yet, but I expect that it won't be much different EOD) signals bear
progress stalling, bears out of steam.
  • #495,585
  • Oct 1, 2019 1:06pm Oct 1, 2019 1:06pm
For those interested, https://twitter.com/JenniferMerode/s...92488398741504
A Brussel correspondent for Guardian also claiming that her sources is refuting the time limited backstop idea, would be interesting to see which news outlet was correct here. I normally find Bloomberg's articles trustworthy, but I do think they might have missed it on this one since the idea itself is kind off throwing Ireland under the bus, but we shall know soon enough.
  • #495,586
  • Oct 1, 2019 1:06pm Oct 1, 2019 1:06pm
Quoting htcone
{quote} i think you are still waiting for the neckline to be rested on H^S pattern..
Yup either that or a test of the "head" which will make a double top on the daily
  • #495,587
  • Oct 1, 2019 1:06pm Oct 1, 2019 1:06pm
Quoting coderr
H1-GBPUSD-FORECAST {image}
  • #495,588
  • Oct 1, 2019 1:10pm Oct 1, 2019 1:10pm
Quoting asgcorp
also daily candle (not closed yet, but I expect that it won't be much different EOD) signals bear progress stalling, bears out of steam.
banks ratio of short to long is highest of the year on 26-09
total 131561
short 106681 81%
long 24880 19%
guess the price they would like to close their huge pile of shorts may be 1.14 which is historically low price...
sell strength in falling markets, and buy weakness in rising markets.
  • #495,589
  • Edited 2:32pm Oct 1, 2019 1:11pm | Edited 2:32pm
Though no open trade yet checking the charts for next possible, starts with usdx. Test the very top and likely 1st rejection but strong bull very intact having strong bullset up correction level goes 98.62 and 98.45. Lower also make standard bull but may 98.62 or 98.45 enough for the great bull to go.next leg may up above 99.10 before the correction test. Watching the pa.

So others may retest bottom before bounce try enough!

Gbpusd target close daily remain below 2282, while correction possible 2379 but almost impossible over top today 2338 and again as per bounce wave it at least test 2339 to make d top. So kill the bounce wave to down to bottom possible. Waiting see the drama, 2257 breaks will confirm bottom test. .
Another soln possible. Loss all stream and within 2296 to 73 till next frankfurt or london open!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #495,590
  • Oct 1, 2019 1:12pm Oct 1, 2019 1:12pm
M 5 three hits
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  • #495,591
  • Oct 1, 2019 1:13pm Oct 1, 2019 1:13pm
Quoting asgcorp
don't be a hero and jump in any trade before LO confirms/rejects NY progress.
i am left with 13 $ in my acount , so i buy only 0.01 for 10 cent for each pip , just for fun
tommorow i will deposite 500 $ and wait for lo for good entry with bigger lot size
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yes yes yes
  • #495,592
  • Oct 1, 2019 1:14pm Oct 1, 2019 1:14pm
short-term - yeah - we get a bounce from here, maybe 2380//2400 tops.
Mid-term and going into next week, bears will likely regain control, any pop won't have a lasting impact.

With that SSI data, kind of hard to see where GU is going to pick any lasting power...
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  • #495,593
  • Oct 1, 2019 1:23pm Oct 1, 2019 1:23pm
Daily R2 first target.
maybe for comfirming HS, maybe more up.
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  • #495,594
  • Oct 1, 2019 2:31pm Oct 1, 2019 2:31pm
daily candle says welcome back to range trading next few days. you know the drill. sell high buy low.
  • #495,595
  • Oct 1, 2019 2:51pm Oct 1, 2019 2:51pm
previous plan posted on Monday did ok.
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  • #495,596
  • Oct 1, 2019 2:56pm Oct 1, 2019 2:56pm
Quoting msniper
I agree with your targets but I am just curious about one last push up between 1.25 to 1.28 before selling rallies start <...
Agree.

Nothing is set in stone.
😱😱👍👎

See today News.
😱😱😱
Beware of robber banks (RB), bad advisors.
  • #495,597
  • Oct 1, 2019 2:58pm Oct 1, 2019 2:58pm
new GBPUSD H4 trade plan for swing traders. Please note that this is a simplified plan, there will be a lot of range work before a new dump.
3-4 days of range won't change this outlook. Bears still in control on daily, I don't see today as a game changer, just decent enough resistance/push from bulls.

Next week bulls will get absorbed and we get a new leg lower.

PS: I don't see a re-test on "neckline" as a pre-requisite for a new dump. It may or may not happen.
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  • #495,598
  • Oct 1, 2019 3:00pm Oct 1, 2019 3:00pm
Hey there KPMG, did BTC and XRP already become the future of global finance? When moon?
  • #495,599
  • Oct 1, 2019 3:03pm Oct 1, 2019 3:03pm
Quoting asgcorp
strong vortex separation on H4 signals bear continuation next week. {image}
vortex gave a nice signal last week.
  • #495,600
  • Oct 1, 2019 3:14pm Oct 1, 2019 3:14pm
Quoting htcone
{quote} banks ratio of short to long is highest of the year on 26-09 total 131561 short 106681 81% long 24880 19% guess the price they would like to close their huge pile of shorts may be 1.14 which is historically low price...
In 2019 99% of transactions are intraday.Short-term movements are way less random than long-term movements. People who don’t know any better will often call the intraday chop “market noise” as though it’s meaningless and there’s no rhyme or reason to it. The reality is that it’s usually far easier to predict what’s going to happen or not happen on an intraday basis.
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