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Cable Update (GBPUSD)

  • #501,241
  • Oct 26, 2019 3:44am Oct 26, 2019 3:44am
Usdx still up up up test area 98.17 good for seller
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  • #501,242
  • Oct 26, 2019 6:21am Oct 26, 2019 6:21am
@fontu, @Moty, @asgcorp, @b_hand excellent analysis. I won't bring anything new to the table with my post because you covered the topic extremely well, I just want to join your club.
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Always trade your own plan...I don't provide trading signals.
  • #501,243
  • Oct 26, 2019 7:39am Oct 26, 2019 7:39am
I saw next week will retest resistance one more time then get ready for falling deep
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  • #501,244
  • Oct 26, 2019 8:30am Oct 26, 2019 8:30am
Cable thoughts
chart 1 monthly direction
chart 2 daily swing buy zone
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Turn your wounds into wisdom
  • #501,245
  • Oct 26, 2019 9:48am Oct 26, 2019 9:48am
Quoting Coreg2004
@fontu, @Moty, @asgcorp, @b_hand excellent analysis. I won't bring anything new to the table with my post because you covered the topic extremely well, I just want to join your club. {image} {image} {image} {image}
Good job. both options still can apply for both ! so need to be more flexible !!only increased chances option1 when price at some top like gbpusd , option 2 when price at some botton , on intermediate or good support like usdx. lets see how unfold!real top or bottom can't be confirmed until it is too late , that is already done , so function of analysis come into effect.
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #501,246
  • Oct 26, 2019 10:52am Oct 26, 2019 10:52am
GBPUSD Forecast (Efelexy FX).
Like the euro, the GBPUSD consolidated last week after an incredibly aggressive 800 pip rally.
However, the pair is still holding above 1.2770 support on a daily closing basis.
I have to respect the potential for a move higher as long as 1.2770 is intact.
A daily close below 1.2770 would expose the next key support at 1.2570.
Alternatively, a push higher this week would likely encounter sellers near last week’s high of 1.2990.
It is all about the foreign exchange market.
  • #501,247
  • Oct 26, 2019 10:58am Oct 26, 2019 10:58am
Friday morning I posted. I am looking to buy GU. No change.

Anyways i am not serious into analysis. I am enjoying music last 4 hours. Nice relaxaton after a very good week.
Intraday only.
  • #501,248
  • Oct 26, 2019 10:58am Oct 26, 2019 10:58am
Harami pattern has printed ,its a false candle ,
side is seen ,
could be new month is needed ,very over extended

Quoting Bones
from actual open to tl + res is about 330, I'm looking long with that in mind, condition we stay above 12775 ,also no bearish d1s Im looking short at that target level, how the weekly prints is important for longer term ,as pattern can complete but fail if there's time I think this monthly will also show an upper wick=next weekly {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #501,249
  • Oct 26, 2019 11:00am Oct 26, 2019 11:00am
And most importantly I feel smart trading gives you money. The whole last week is smart money for me on both sides in GU.

Yeah...who would have expected 700 pips move to upside within 3 days after so many days of bearish daily candles?
Many levels have been posted as target for upside...but all have been broken..

Some moves within 10 to 15 minutes. So yeah, smart trading is the key.
Intraday only.
  • #501,250
  • Oct 26, 2019 11:02am Oct 26, 2019 11:02am
Quoting Bones
Harami pattern has printed ,its a false candle , side is seen , could be new month is needed ,very over extended {quote} {image}

same view ...i think it will go up 1.31 1.32 before going down
MY OPINION NOT FINANCIAL ADVISE
  • #501,251
  • Oct 26, 2019 11:09am Oct 26, 2019 11:09am
still maybe should respect ,the main thing is no big confirmation ,seems unlikely ,
it could retrace in bite size's ,that candle is only 100 rb

Theres a log jam fundermentally ,with an election needed ,but being rejected

Im happy to hold the view and see a upper wick on monthly
no lower than 12580
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #501,252
  • Oct 26, 2019 11:16am Oct 26, 2019 11:16am
Ill eat my hat if you can change it to bear, confirmation seen right now to higher than that high

Quoting Bones
dust it off {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #501,253
  • Oct 26, 2019 11:54am Oct 26, 2019 11:54am
i expect price to rise up to 1.32 while monthly close then the November will come back down to test 5sma 1.25 area
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MY OPINION NOT FINANCIAL ADVISE
  • #501,254
  • Edited 12:57pm Oct 26, 2019 11:55am | Edited 12:57pm
Quoting Bones
Harami pattern has printed ,its a false candle , side is seen , could be new month is needed ,very over extended {quote} {image}
False pattern but still correction may at least another week before continuation if. And if true then 2704 may not be respected but may 2600 and as the last extension was from 2514 and after bounce towards top/2 waves correction , may to back below 2514 while 2580 remain the last option /limit for bull and difficult protect below 2700.this way bull may fail to reach next target 3174 so soon. Anyway still bull may continue /try truncated at least before failure. Price still in bear set up and ball in its pocket even reach 3174!. That is price back near bottom from now or from 3174 may not make much difference in price action Lets see.
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #501,255
  • Oct 26, 2019 12:01pm Oct 26, 2019 12:01pm
Here is how I am trading the gbpusd in the week ahead (video set to GBP/USD Forecast)

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  • #501,256
  • Oct 26, 2019 2:08pm Oct 26, 2019 2:08pm
Everyone who wants to make good money next week, simply wait until 1 hour before the FED meeting or even during the first hour of it...because by then, most of the retail will be wiped out or trapped in bad trades and it will be easy to predict where the price is heading after FED.
Everyone can see the chart, but only a few can actually read it.
  • #501,257
  • Oct 26, 2019 2:16pm Oct 26, 2019 2:16pm
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  • #501,258
  • Oct 26, 2019 2:25pm Oct 26, 2019 2:25pm
Quoting donfriday
{quote} Your view is also possible but whith new monthly candle I expect it to go in the direction of the October candle bullish then retrace back down to 1.25, I really don’t expect it to start dropping I am 1.28 holding back to 1.32 atleast .
Yes, I have 2 longs in play also, aiming for 1.3381 high.
Come with me if you want to live....
  • #501,259
  • Oct 26, 2019 3:07pm Oct 26, 2019 3:07pm
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red lines I would say range . Price is below the white ema so no bounce. Next red 20 sma and 200sma in green are the targets . It will go past both . Where well if I knew that we would be all millionaires
  • #501,260
  • Oct 26, 2019 5:29pm Oct 26, 2019 5:29pm
Fibonacci 61.8 still hold for shorter and then going to the higher level.
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