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Cable Update (GBPUSD)

  • #503,701
  • Nov 15, 2019 4:53pm Nov 15, 2019 4:53pm
Quoting sgkrishn
{image}
That's my current sentiment.... instinct keeps thinking we will see a sharp, moderately violent pullback to 2700/2650. When? NFC lol.
  • #503,702
  • Edited 11:42pm Nov 15, 2019 11:26pm | Edited 11:42pm
Quoting Ra.
{quote} That's my current sentiment.... instinct keeps thinking we will see a sharp, moderately violent pullback to 2700/2650. When? NFC lol.
ok . as we know bull target gbpusd next minimum 3176 and next 3383 and the question is how it can go there .if market wants can do without any correction , as direct as already in top extension running & nothing will change if do further again. we will see all waves , analysis perfect after it over.if can't direct then some sorts of supports may take with time to do so . immediate bull target 2930 /74 ok try too. anyway as not expecting a direct extension over 2748 , so last leg down to up come into action. so minimum 2808 , 2743/2630 to 2581 & last below 2515 all possible to thrust up as one last leg up for 3176 or even 3343 targets .

ok for your levels as taken correction may happen , signal goes to break down 2887/2866 with confirmation 2824 for other correction levels as targets .lets see how market open next week , shorts activated weekend keeping myself the highest ones with sl over 3010. take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,703
  • Edited 3:52am Nov 16, 2019 2:33am | Edited 3:52am
Quoting Marcieny
hello guys i hope you haven't forgotten about gbp aud.. have a great weekend!!!
Hey Marci, Aud/Usd has been falling since Jan 2018 and Gbp/Usd been rising since Oct 2016 and I see no turn around to that situation anytime soon..
If Boris gets a clear majority then Cable will head north and more upside for GA
Australian economy is not doing too good atm even though were one of the richest countries on the planet it's like were in some sort of a malaise the countries unable to beak out of? For the first time the RBA is talking about using QE (quantitative easing) starting in 2020
In the 1930s a farmer asked Ford to design a car he could use on the farm but take him and his wife to church on Sunday and Ford came up with the 'Ute'(utility Vehicle) which is known elsewhere in the world as Pickups....
Utes are a big deal in Australia driven by Tradies(trades men & women) and the 'Ute Index' which tracks construction activity took a nose dive in October, down 10%
So expect more downside for AU unless we somehow have a change in political leadership who will put the country b4 the own self interests.
Having said all that though the Aussie dollar(being a commodity currency) will get a boost from the US/China trade deal going thru as will put a bit of certainty in place...
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Don't Leave Money on the Table
  • #503,704
  • Nov 16, 2019 2:43am Nov 16, 2019 2:43am
Quoting navk
{quote} less spread is always better to get the TP hit.

thats funny logic i ever heard in trading...I know nothing actually

how does spread affect ur tp if market want to
MY OPINION NOT FINANCIAL ADVISE
  • #503,705
  • Edited 4:01am Nov 16, 2019 3:48am | Edited 4:01am
Quoting HaLBot
{quote} Hey Marci, Aud/Usd has been falling since Jan 2018 and Gbp/Usd been rising since Oct 2016 and I see no turn around to that situation anytime soon.. If Boris gets a clear majority then Cable will head north and more upside for GA Australian economy is not doing too good atm even though were one of the richest countries on the planet it's like were in some sort of a malaise the countries unable to beak out of? For the first time the RBA is talking about using QE (quantitative easing) starting in 2020 In the 1930s a farmer asked Ford to design...
Hi, @HaLBot, very interesting overview, can you tell me please where can find that 'Ute Index'? but i'm thinking that Australia can easily import cars from all over the world with cheap cost of shipping and it will be cheaper rather make cars inside in country, unless they somehow attract investments into country make business open factories for cars.

Next week big chances break small channel, possible correction around 1.28000 price target 1.31500
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  • #503,706
  • Nov 16, 2019 3:57am Nov 16, 2019 3:57am
Quoting Arturke
{quote} Hi, @HaLBot, very interesting overview, can you tell me please where can find that 'Ute Index'? but i'm thinking that Australia can easily import cars from all over the world with cheap cost of shipping and it will be cheaper rather make cars inside in country.
We don't have Car manufacturing in this country anymore, killed of when the cartel of Ford, GM and Toyota decided to pull the plug on it a couple of years ago......so sad
The 'Ute Index' wouldn't be an official government index but it does show construction activity, more Utes being sold more Tradies building stuff, less Utes they are building less...
https://www.news.com.au/finance/econ...0a8778de21fc11
Don't Leave Money on the Table
  • #503,707
  • Edited 5:31am Nov 16, 2019 5:05am | Edited 5:31am
Quoting HaLBot
{quote} Hey Marci, Aud/Usd has been falling since Jan 2018 and Gbp/Usd been rising since Oct 2016 and I see no turn around to that situation anytime soon.. If Boris gets a clear majority then Cable will head north and more upside for GA Australian economy is not doing too good atm even though were one of the richest countries on the planet it's like were in some sort of a malaise the countries unable to beak out of? For the first time the RBA is talking about using QE (quantitative easing) starting in 2020 In the 1930s a farmer asked Ford to design...
good explanation halbot .... aud will rise a lot .. a new cycle has begun. if he makes another bass ... he'll go up a lot, maybe next week...Stay tuned it will be an exciting purchase.
  • #503,708
  • Nov 16, 2019 6:37am Nov 16, 2019 6:37am
Quoting donfriday
{quote} thats funny logic i ever heard in trading...I know nothing actually how does spread affect ur tp if market want to
I think what he means is when you place a trade with a 3 pip spread, you're starting further away from your TP target than say if the spread was only 1 pip. Depends on your style of trading whether you think it's important or not but I can certainly see the benefit of it.
  • #503,709
  • Nov 16, 2019 8:41am Nov 16, 2019 8:41am
gbpaud
I have a short position in this pair. 1.89670
the descent has started, I think the fall will continue.
h4
  • #503,710
  • Nov 16, 2019 9:54am Nov 16, 2019 9:54am
Hello,

a few numbers,

regards

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  • #503,711
  • Nov 16, 2019 10:01am Nov 16, 2019 10:01am
Hi everyone!

My view:

Scenario 1: GBPUSD has broken the resistance line and we are waiting for the retest of the broken structure turning into support, once we confirm that the market has bounced off the retested support line, we can buy the pair and exit of the resistance line indicated in the chart.

Scenario 2: If the market is able to reach and bounce the resistance line that was a double top , turning into triple top, the market will sell-off as expected.
  • #503,712
  • Nov 16, 2019 10:17am Nov 16, 2019 10:17am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #503,713
  • Nov 16, 2019 10:22am Nov 16, 2019 10:22am
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #503,714
  • Nov 16, 2019 11:06am Nov 16, 2019 11:06am
Quoting Marcieny
{quote} good explanation halbot .... aud will rise a lot .. a new cycle has begun. if he makes another bass ... he'll go up a lot, maybe next week...Stay tuned it will be an exciting purchase.
There was recent rejection, trying make base to bull, no any pattern yet for any reversal, new low s and weekly /monthly want further down for better support. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,715
  • Nov 16, 2019 11:21am Nov 16, 2019 11:21am
Quoting thevisitor
Hello, a few numbers, regards {image}
many scenarios in mind
being prepared for everything

trade save!!
  • #503,716
  • Nov 16, 2019 12:19pm Nov 16, 2019 12:19pm
Quoting Bones
{image}
Making big burger apparently for voracious eater at last, 5 candle running the insider may go for NR7! If so 6th may big down, 7th the smallest candle to bull!! So buy deep if limits down hold. Lets see
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,717
  • Nov 16, 2019 12:36pm Nov 16, 2019 12:36pm
Quoting HaLBot
{quote} Hey Marci, Aud/Usd has been falling since Jan 2018 and Gbp/Usd been rising since Oct 2016 and I see no turn around to that situation anytime soon.. If Boris gets a clear majority then Cable will head north and more upside for GA Australian economy is not doing too good atm even though were one of the richest countries on the planet it's like were in some sort of a malaise the countries unable to beak out of? For the first time the RBA is talking about using QE (quantitative easing) starting in 2020 In the 1930s a farmer asked Ford to design...

Have you been following much of this as of recent? I believe Aussie’s have a stake in this too. I’m from Canada, we are seeing the same shit here too. IMO we are in another recession.

https://www.google.com/amp/s/www.cnb...rgest-fta.html
  • #503,718
  • Nov 16, 2019 12:42pm Nov 16, 2019 12:42pm
Quoting fontu
{quote} There was recent rejection, trying make base to bull, no any pattern yet for any reversal, new low s and weekly /monthly want further down for better support. Take care {image} {image} {image}
the 2 wave encounter only one wins ... if he makes one more low than the previous ones .. he explodes upwards ... maybe some kind of stop loss hunt for those carrying long trades.
  • #503,719
  • Nov 16, 2019 3:00pm Nov 16, 2019 3:00pm
Quoting Bones
{image}
seems like u r bullish and doesn't want it to go below the NO level
  • #503,720
  • Nov 16, 2019 4:54pm Nov 16, 2019 4:54pm
US can only win with china by lowering the value of the dollar!
Just share my view on USDX
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