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Cable Update (GBPUSD)

  • #503,181
  • Nov 10, 2019 8:25pm Nov 10, 2019 8:25pm
Quoting Wellnel
Are you sure? Today?
I'm thinking today is up due to the gap, then down to bearish targets 1.27 and 1.2630 below.
Overall daily price action off October highs is quite bearish.
Come with me if you want to live....
  • #503,182
  • Nov 10, 2019 8:29pm Nov 10, 2019 8:29pm
Quoting navk
There was lot of bearish analysis I read in this thread for the week though even before start of the week.
it normal when price show some down move..
same when price head up..lots of analysis point price will go higher place..but market play its down..
️
just for a cup of coffee...
  • #503,183
  • Nov 10, 2019 8:37pm Nov 10, 2019 8:37pm
Quoting akim0895
{quote} it normal when price show some down move.. same when price head up..lots of analysis point price will go higher place..but market play its down.. ️
Yeah, lots of times I ( those days ) got caught in expert analysis.
Until recently i was afraid to take positions in a way i want due to the fact that the expert analysis was other way.
The reason probably is due to long time traders. They might be eyeing on a level close to 1.25. And I trade daily moves...up or down.
Intraday only.
  • #503,184
  • Nov 10, 2019 8:42pm Nov 10, 2019 8:42pm
Quoting navk
{quote} Yeah, lots of times I ( those days ) got caught in expert analysis. Until recently i was afraid to take positions in a way i want due to the fact that the expert analysis was other way. The reason probably is due to long time traders. They might be eyeing on a level close to 1.25. And I trade daily moves...up or down.
yes bud..
some of them is swings/long term traders
however its a good things for newbies
they can learn from how market play by daily,weekly or monthly..
for intraday or scalper..
will have different view
️
just for a cup of coffee...
  • #503,185
  • Nov 10, 2019 9:05pm Nov 10, 2019 9:05pm
Quoting akim0895
{quote} yes bud.. some of them is swings/long term traders however its a good things for newbies they can learn from how market play by daily,weekly or monthly.. for intraday or scalper.. will have different view ️
Very few are swing traders. They too get caught in opposite moves. Lol
Because the opposite side moves can be easily 100 pips or more.
Intraday only.
  • #503,186
  • Nov 10, 2019 9:15pm Nov 10, 2019 9:15pm
Quoting navk
{quote} Very few are swing traders. They too get caught in opposite moves. Lol Because the opposite side moves can be easily 100 pips or more.

no comment..
just for a cup of coffee...
  • #503,187
  • Nov 10, 2019 9:54pm Nov 10, 2019 9:54pm
Quoting akim0895
{quote} no comment..
Lol
Intraday only.
  • #503,188
  • Nov 10, 2019 10:06pm Nov 10, 2019 10:06pm
Long 2790.... Sl 2770....
  • #503,189
  • Edited 10:25pm Nov 10, 2019 10:09pm | Edited 10:25pm
As we know there are strong resistances in usdx and hence may breakout but waiting for next bull action through 98.25. Take care
Gbpusd seeing gap up and still may to fill before try above 2803 h1 close. So possible try for target, fail to tank next.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,190
  • Nov 11, 2019 12:33am Nov 11, 2019 12:33am
so the same still , h4 tf support trying to protect bull but seems not able & likely try test daily support around 2700 , so will look 2748, 2720 & 2707 before good bounce . so h1 close below 2790 signal with confirmation at 2767 breaks & hold for bear . H1 close 2801 may make turmoil up try further!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 42 KB
Click to Enlarge Name: GBPUSDDaily.png Size: 42 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,191
  • Nov 11, 2019 12:38am Nov 11, 2019 12:38am
target zone below
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 26 KB
Come with me if you want to live....
  • #503,192
  • Nov 11, 2019 1:32am Nov 11, 2019 1:32am
morning
Lots of significant Resistance above.
I think Day support broke on friday.
My overall bias is South....
but for now i will try to scalp 20 pips long from 2806.

if price breaks 2822 it may climb further to 2850.
in wondering about yourself, you forgot what you came here to be part of
  • #503,193
  • Nov 11, 2019 1:42am Nov 11, 2019 1:42am
Inserted Video
  • #503,194
  • Nov 11, 2019 2:10am Nov 11, 2019 2:10am
I expect a move down to 1.2700 in GBPUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 46 KB
  • #503,195
  • Nov 11, 2019 2:35am Nov 11, 2019 2:35am
I just placed my pending buy orders at 1.2720 & 1.2680 & 1.2620

Target above 1.3020

SL daily close below 1.2500

good luck everyone
  • #503,196
  • Nov 11, 2019 2:36am Nov 11, 2019 2:36am
hi, Watch out the important GDP data for the GU shortly. Keep in mind the two times before in recent history was not estimated by analysts nearly and both times it had negative impact on GU. Watching some volatility here. Still the resistance area above is near. What are your thoughts please?

GBP
Prelim GDP q/q : 0.4%-0.2%
  • #503,197
  • Nov 11, 2019 2:53am Nov 11, 2019 2:53am
good morning!!

bullflag m5
little long 1.2800
Sl 1.2795
  • #503,198
  • Nov 11, 2019 2:58am Nov 11, 2019 2:58am
Quoting thevisitor
good morning!! bullflag m5 little long 1.2800 Sl 1.2795
Sl +1
  • #503,199
  • Nov 11, 2019 2:58am Nov 11, 2019 2:58am
An inevitable move to 1.2700 as firstly gap needs to be closed, then 300+ pips reversal from October high of 1.3012 clearly points at 1.2700/1.2650 axis. So if 1.2820 high holds for the week, then expect a 170 pips downward move to 1.2650... It all depends on the high it makes, just subtract 170 pips from the high of the week. Caution and discretion please, as this pair can do the unthinkable!
Data + Stat + Risk/Emotions Management
  • #503,200
  • Nov 11, 2019 3:08am Nov 11, 2019 3:08am
Quoting Georginson
An inevitable move to 1.2700 as firstly gap needs to be closed, then 300+ pips reversal from October high of 1.3012 clearly points at 1.2700/1.2650 axis. So if 1.2820 high holds for the week, then expect a 170 pips downward move to 1.2650... It all depends on the high it makes, just subtract 170 pips from the high of the week. Caution and discretion please, as this pair can do the unthinkable!
If there's an uptick in GDP m/m at the bottom of the hour expect a bounce in GU with 100ma located at 2840 offering resistance...but as you say 2820 could be the big R and head lower again...
Don't Leave Money on the Table
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