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Cable Update (GBPUSD)

  • #501,561
  • Oct 29, 2019 10:02am Oct 29, 2019 10:02am
Quoting randu
{quote} maybe fibo could help? {image}
+21
  • #501,562
  • Oct 29, 2019 10:04am Oct 29, 2019 10:04am
if you will compare bear vs bull

bull have only 1 pattern which is they breakup the down trend on the 1h chart

VS

bear have 3 bearish pattern 1. head and shoulders 2. cup and handle 3. bearish flag

so myself I would bet on the downside honestly
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  • #501,563
  • Oct 29, 2019 10:04am Oct 29, 2019 10:04am
Don't fall for the crooks move
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yes yes yes
  • #501,564
  • Oct 29, 2019 10:08am Oct 29, 2019 10:08am
Bounce off of support

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  • #501,565
  • Oct 29, 2019 10:08am Oct 29, 2019 10:08am
Quoting knkie
{quote} they might get relief at resistance zone @ 2943-2954
knkie, roger that...
Edit: correct chart, sorry
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Always trade your own plan...I don't provide trading signals.
  • #501,566
  • Oct 29, 2019 10:09am Oct 29, 2019 10:09am
Quoting msniper
if you will compare bear vs bull bull have only 1 pattern which is they breakup the down trend on the 1h chart VS bear have 3 bearish pattern 1. head and shoulders 2. cup and handle 3. bearish flag so myself I would bet on the downside honestly {image}
this is the pattern my friend .
look at the wick
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yes yes yes
  • #501,567
  • Oct 29, 2019 10:15am Oct 29, 2019 10:15am
i dont think commie corbyn expected to do the pound so much good by agreeing to an election ! lol
in wondering about yourself, you forgot what you came here to be part of
  • #501,568
  • Oct 29, 2019 10:17am Oct 29, 2019 10:17am
ok lets take a look at Elliott wave counting

and compare the time length between wave 2 and possible wave 4 if it will end now

perhaps wave 4 need more time and it will not end right now
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  • #501,569
  • Oct 29, 2019 10:17am Oct 29, 2019 10:17am
Quoting navk
{quote} Many missed, everybody missed, Only I did not miss. I have been saying since last Friday morning, it is turning bullish.
Nice
  • #501,570
  • Oct 29, 2019 10:19am Oct 29, 2019 10:19am
Quoting Moty
{quote} this is the pattern my friend . look at the wick {image} {image}
valid patterns in both side the bull and the bear

so we will flip a coin hehe
  • #501,571
  • Oct 29, 2019 10:28am Oct 29, 2019 10:28am
Quoting msniper
{quote} valid patterns in both side the bull and the bear so we will flip a coin hehe
You are right if we only look at patterns. However, 28650 offers strong support as well as the moving averages.

If we combine patterns AND support and resistance levels, The bulls should win it.
Thus, A break to the downside would be brutal, so I would advise trading with a tight SL and let the trend run.

(Maybe closing the buy on a bearish candlestick pattern would be a safe move!)
  • #501,572
  • Edited 11:06am Oct 29, 2019 10:33am | Edited 11:06am
got time to see after few hours while trade open & market went against!! , nothing any great & added turmoils & crazy scammers sucks to save the skin for the last time apparently, ok 2900/2911 play even , within insider 2914 . Let it finish to add more adds to see & wait. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #501,573
  • Edited 11:00am Oct 29, 2019 10:48am | Edited 11:00am
here comes the next push up.
If it hits the 2905-2911 area i will close my longs

edit: closed longs @ 1.2905

ttyl
in wondering about yourself, you forgot what you came here to be part of
  • #501,574
  • Oct 29, 2019 11:00am Oct 29, 2019 11:00am
UP UP AND AWAY
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yes yes yes
  • #501,575
  • Oct 29, 2019 11:07am Oct 29, 2019 11:07am
Quoting knkie
here comes the next push up. If it hits the 2905-2911 area i will close my longs edit: closed longs @ 1.2905 ttyl
Might head down now
  • #501,576
  • Oct 29, 2019 11:09am Oct 29, 2019 11:09am
waiting test 2886 breaks for 2862 if to end top for now
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #501,577
  • Oct 29, 2019 11:10am Oct 29, 2019 11:10am
week open is the pivotal number
adjusted d1

Quoting Bones
fail this vote maybe tomorrow ,with the new Boris idea in line with lib dems proposal {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #501,578
  • Oct 29, 2019 11:11am Oct 29, 2019 11:11am
MORE TO COME
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yes yes yes
  • #501,579
  • Oct 29, 2019 11:28am Oct 29, 2019 11:28am
Bought again with tight SL. target @19150 again.
  • #501,580
  • Oct 29, 2019 11:33am Oct 29, 2019 11:33am
election date is still not clear since Labour want to change the rules with an amendment .... so EU citizens can vote on if we stay in the EU or not
no other EU country allows this
Then they want to add people who can't even smoke and have hardly paid one days tax into the mix ,I'm sure this move has nothing to do with who they might vote
for...most are still in school these days ,who in Labour's last manifesto would change things so the government picks up that bill, when the uptake is super high.

Gov would pull the vote if those amendments pass

" All young people are now expected to stay in some kind of education or training until they are 18. This can be combined with paid or voluntary work."
On-site guru & also FF member's' psychiatrist, when not drinking tea
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