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Cable Update (GBPUSD)

  • #503,321
  • Nov 12, 2019 2:31am Nov 12, 2019 2:31am
Quoting sinexcellent
what makes GBPUSD move so fast?
Time of day
  • #503,322
  • Nov 12, 2019 2:41am Nov 12, 2019 2:41am
Quoting sinexcellent
what makes GBPUSD move so fast?
fossil fuels
in wondering about yourself, you forgot what you came here to be part of
  • #503,323
  • Nov 12, 2019 2:53am Nov 12, 2019 2:53am
Just closed short. Looks like USDX want to make a reversal. Waiting for the GBP news.
Attached Image
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #503,324
  • Nov 12, 2019 3:13am Nov 12, 2019 3:13am
morning
scalped some shorts this morning.
Im gonna Buy here @ 2820 for a rebound of 20-25 pips

then reevaluate the situation...
in wondering about yourself, you forgot what you came here to be part of
  • #503,325
  • Nov 12, 2019 3:17am Nov 12, 2019 3:17am
THe situation H4 now its stay above trend line if it cross down---
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 166 KB
  • #503,326
  • Nov 12, 2019 3:37am Nov 12, 2019 3:37am
Quoting knkie
morning scalped some shorts this morning. Im gonna Buy here @ 2820 for a rebound of 20-25 pips then reevaluate the situation...
target set to 1.28435 for 23 pips
in wondering about yourself, you forgot what you came here to be part of
  • #503,327
  • Nov 12, 2019 3:52am Nov 12, 2019 3:52am
1.29000 in the making
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-11-12 11.51.44_1.jpg Size: 116 KB
yes yes yes
  • #503,328
  • Nov 12, 2019 4:07am Nov 12, 2019 4:07am
Quoting knkie
{quote} target set to 1.28435 for 23 pips
nearing target
Then see what happens to decide the next move.

EDIT: Exit +21 pips
Attached Image
in wondering about yourself, you forgot what you came here to be part of
  • #503,329
  • Nov 12, 2019 4:14am Nov 12, 2019 4:14am
Morning time Vulnerability for more correction for usdx still intact, better level to do now, so do bull to avoid correction beloe 97.94. Just crazy extension need gbpusd doing frequently! Watching.
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,330
  • Nov 12, 2019 4:16am Nov 12, 2019 4:16am
Pending Sell stop 2832

41 pip target
in wondering about yourself, you forgot what you came here to be part of
  • #503,331
  • Nov 12, 2019 4:18am Nov 12, 2019 4:18am
Quoting Moty
1.29000 in the making {image}
more like 1.28
in wondering about yourself, you forgot what you came here to be part of
  • #503,332
  • Nov 12, 2019 4:19am Nov 12, 2019 4:19am
Quoting knkie
{quote} more like 1.28
No.. 1.27
  • #503,333
  • Nov 12, 2019 4:22am Nov 12, 2019 4:22am
Quoting Zorrander
{quote} No.. 1.27
lol
even better

i prefer shorting to long-ing
its faster
in wondering about yourself, you forgot what you came here to be part of
  • #503,334
  • Nov 12, 2019 4:29am Nov 12, 2019 4:29am
With breaks 2831 break the bull waistline but may try as other limit 2808 intact ! Anyway waiting 2808 breaks too. Pa gbpusd probable.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,335
  • Nov 12, 2019 4:52am Nov 12, 2019 4:52am
GBP/USD technical analysis | Nov 12, 2019

The bullish thrust with all candles (7 bullish candles) closed above 3-3 SMA (blue line) makes a ground for Bread & Butter and Double Repo patterns.

Bread and Butter pattern had already completed with leg BC. Then price closed back below 3-3 SMA on Nov 5, which makes a sort of Double Repo. It's not a perfect Double Repo because it has taken almost 10 candles to form it wheres a perfect Double Repo is supposed to be formed within 3-6 candles. Nevertheless, further retracement still seems to be on the table.

Classical target of Double Repo is FIB50.0 of thrust (1.26027 - light green horizontal line) that makes a support cluster with ABCD161.8 and abcd127.2. GBP/USD is very sensitive to any news related to Brexit, so we are not taking this farther target.


Other support is FIB38.2 (1.26991 - light green horizontal line) that almost coincides with ABCD127.2 and abcd100. We are not taking this target either because we want to exit as early as possible especially if very nearer target can give good risk:reward.


We are targeting ABCD100.0 (+2.0 pips & spreads) and had moved our SL to BE already.

Attached Image (click to enlarge)
Click to Enlarge Name: GBP USD_Nov 12_2019.jpg Size: 166 KB

  • #503,336
  • Nov 12, 2019 4:58am Nov 12, 2019 4:58am
Target sell area 1.2846 ~ 1.2853 tp 1.2784
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #503,337
  • Nov 12, 2019 5:08am Nov 12, 2019 5:08am
Quoting knkie
Pending Sell stop 2832 41 pip target
adding a pending Sell 2827
same target as the first sell: 2788
in wondering about yourself, you forgot what you came here to be part of
  • #503,338
  • Nov 12, 2019 5:34am Nov 12, 2019 5:34am
Quoting knkie
{quote} adding a pending Sell 2827 same target as the first sell: 2788
Congrats. Your mastery of GU is first rate
  • #503,339
  • Nov 12, 2019 5:38am Nov 12, 2019 5:38am
Quoting Bydyke
{quote} Congrats. Your mastery of GU is first rate
thats quite a compliment.
Thank you very much
in wondering about yourself, you forgot what you came here to be part of
  • #503,340
  • Nov 12, 2019 5:42am Nov 12, 2019 5:42am
anyone here who analyze gold..? can i see..? hope you dont minds guys.. thanks..
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