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Cable Update (GBPUSD)

  • #500,001
  • Oct 21, 2019 12:06pm Oct 21, 2019 12:06pm
I personally don’t think we’ll go out without a deal. They’ll play these games back and forth but a deal will be done.
  • #500,002
  • Oct 21, 2019 12:07pm Oct 21, 2019 12:07pm
Quoting Guztro
{quote} I see you are a new member...did you start reading from page 1
i have to admit I didn’t. Started on page 2.
  • #500,003
  • Oct 21, 2019 12:09pm Oct 21, 2019 12:09pm
its a major level for sure , two options larger side or up above the gap blue line holds ,
overall still up, with price above 12775
above that high is the week breaking
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD-4-hours.png Size: 49 KB
Click to Enlarge Name: GBPUSD-Daily.png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #500,004
  • Oct 21, 2019 12:30pm Oct 21, 2019 12:30pm
Tempted to short down to 1.2940 but not sure. Maybe it’s time to call it a night.
  • #500,005
  • Oct 21, 2019 12:31pm Oct 21, 2019 12:31pm
Quoting Marcieny
{quote} 500,001
good one...
Always trade your own plan...I don't provide trading signals.
  • #500,006
  • Oct 21, 2019 12:33pm Oct 21, 2019 12:33pm
UK Minister Gove getting ducks in a row
UK Minister Gove is on the wires saying:

  1. there has been no formal response received from the EU to PM Johnson's letter
  2. no certainty that EU will grant Brexit extension
  3. I must take the steps now to take care of the increased possibility of leaving without a deal
  4. we must intensify contingency arrangements

The expectations are that the EU would not respond immediately to the Prime Minister's letter as they wait out the legislative process in the UK.

Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #500,007
  • Oct 21, 2019 12:38pm Oct 21, 2019 12:38pm
The expected scenario
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 324 KB
  • #500,008
  • Oct 21, 2019 12:47pm Oct 21, 2019 12:47pm
Quoting sgkrishn
UK Minister Gove getting ducks in a row UK Minister Gove is on the wires saying: there has been no formal response received from the EU to PM Johnson's letter no certainty that EU will grant Brexit extension I must take the steps now to take care of the increased possibility of leaving without a deal we must intensify contingency arrangements The expectations are that the EU would not respond immediately to the Prime Minister's letter as they wait out the legislative process in the UK.
Well, if you don't sign your letters, how can the EU be sure it comes from the PM
Charts don't drive price, market conditions drive price...
  • #500,009
  • Oct 21, 2019 1:02pm Oct 21, 2019 1:02pm
Quoting Guztro
{quote} Well, if you don't sign your letters, how can the EU be sure it comes from the PM
That's the political drama.
Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #500,010
  • Edited 1:31pm Oct 21, 2019 1:12pm | Edited 1:31pm
So usdx and gbpusd still maintaining their intentions, one should win only. Lets see next day. Gbpusd limit now goes to 2922 as high and new high already. So for tanking will consider this signal and next for confirmation 2889 to go. Anyway bull still posing strikingly in higher tf. Take care
In h4 tf there bear hammer in place and todays daily candle may hint if doji! H5 tf evening star also may lead to test tl 2938 next h5.if so then even the last option 2923 limit but may not hold for long time and easily price tank to 2793 and below 2756.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #500,011
  • Oct 21, 2019 1:12pm Oct 21, 2019 1:12pm
Quoting okosodo
A period like this makes me hate forex

Its part of the market . There will be awesome trends and there will be times that patience is required
Blogging daily now at www.volume.zone
  • #500,012
  • Oct 21, 2019 1:19pm Oct 21, 2019 1:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU H1.png Size: 34 KB
yes yes yes
  • #500,013
  • Oct 21, 2019 1:29pm Oct 21, 2019 1:29pm
Quoting okosodo
A period like this makes me hate forex

period like this is when you should be ready for the big move ..patience is a key.
MY OPINION NOT FINANCIAL ADVISE
  • #500,014
  • Oct 21, 2019 1:30pm Oct 21, 2019 1:30pm
watching and waiting patiently
Attached Image (click to enlarge)
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  • #500,015
  • Oct 21, 2019 2:17pm Oct 21, 2019 2:17pm
i think the next candle will go up to 1.31 1.32 before coming down to test 5sma
the next candle must come back

they want to close this candle bullish from here it may range and eat up some stoploss of sellers then up for 100-200 pips before a drop 1.25
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly.png Size: 36 KB
MY OPINION NOT FINANCIAL ADVISE
  • #500,016
  • Oct 21, 2019 2:31pm Oct 21, 2019 2:31pm
lalala zone
Attached Image (click to enlarge)
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MY OPINION NOT FINANCIAL ADVISE
  • #500,017
  • Oct 21, 2019 2:48pm Oct 21, 2019 2:48pm
All ok for bull as crazy still, no option for give up! Anyway tl test likely at 2934 to decide, if daily close there then doji . Still bull can go anyway before confirmation for bear.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #500,018
  • Oct 21, 2019 4:28pm Oct 21, 2019 4:28pm
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd daily 94.png Size: 178 KB
  • #500,019
  • Oct 21, 2019 6:57pm Oct 21, 2019 6:57pm
Test retrace 61.8 fibo on daily usdx.
Attached Image (click to enlarge)
Click to Enlarge Name: 7B589584-BDDA-4B9F-8EB5-A3A54028C229.jpeg Size: 1.2 MB
  • #500,020
  • Oct 21, 2019 7:21pm Oct 21, 2019 7:21pm
Opening long. Seems like this morning it's a good opportunity to buy
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