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Cable Update (GBPUSD)

  • #503,741
  • Nov 17, 2019 3:21pm Nov 17, 2019 3:21pm
@tiborf71 we don't know which pattern will materialize? that's why it's important to know when we are wrong and quickly recognize when the other scenario plays out. Good luck with your trading.
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Always trade your own plan...I don't provide trading signals.
  • #503,742
  • Nov 17, 2019 3:47pm Nov 17, 2019 3:47pm
Quoting Kickstart
What I'm looking at. {image}
Kickstrt, good eyes...possible scenario but if this happens, it will only delay the move up.
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Always trade your own plan...I don't provide trading signals.
  • #503,743
  • Nov 17, 2019 4:05pm Nov 17, 2019 4:05pm
If you are tracking the GBPUSD this week, note that technicals on the daily time frame favour bulls. But the next horizontal resistance is around the 1.30010/1.31140 zone; which may be a hindrance to a bullish drive.

Trade safe.

KP

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Do your homework, follow the footprints of smart money
  • #503,744
  • Nov 17, 2019 4:23pm Nov 17, 2019 4:23pm
Quoting HaLBot
{quote} What part of Canada? My sister and her husband live north of Vancover, 17 hours by car.... Ever since the communist prime minister Gough Whitlam signed the Lima Agreement Aussie Businesses have been coping it up the you know where...He visted China a full year b4 Nixon... What these free trade deals mean is every other country benefits at our expense...This is why I support Trump, he's the first President in decades to give a shit about Americans.
Ahh nice, I have family on Vancouver Island, and my sister is in Prince Rupert studying Marine Biology.

I lived in Calgary AB, worked in the energy sector. It is now collapsing, again, so expect a weak CAD in the year(s) to come.

Canada is a commodity country too, so tbh, we're getting screwed by Trump, but that's also our gov't fault. I'm just done with this sector, too inconsistent, anything with NAFTA (USMC) is still going to f*ck us. Oh well.

Cheers,
Ryan
  • #503,745
  • Nov 17, 2019 4:26pm Nov 17, 2019 4:26pm
Quoting msniper
{quote} I think we cannot see 1.32 or above without revisiting 1.26 or 1.27 area so I suggest that we will have reversal between 1.2930 to 1.2960 or 1.3030 to 1.3070 and go all the way back to the 1.27 area
Agree, i'm short term bearish bias, but it did consolidate a few days collecting buy/sells so that may be enough liquidity to push it up further.... still hoping it pulls a quick pullback though as i'm still holding.
  • #503,746
  • Nov 17, 2019 6:05pm Nov 17, 2019 6:05pm
Where is 5 waves EW hidding on daily 321x or 316x???
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  • #503,747
  • Nov 17, 2019 6:06pm Nov 17, 2019 6:06pm
SHORTTTTT, no need "If" word
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  • #503,748
  • Nov 17, 2019 6:15pm Nov 17, 2019 6:15pm
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http://www.marctomarket.com/2019/11/...or-dollar.html
  • #503,749
  • Nov 17, 2019 7:33pm Nov 17, 2019 7:33pm
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yes yes yes
  • #503,750
  • Nov 17, 2019 8:04pm Nov 17, 2019 8:04pm
If any shorts are placed around here probably best to use a very tight stop as we near potential breakout/bounce zone.
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  • #503,751
  • Nov 17, 2019 11:25pm Nov 17, 2019 11:25pm
1.32 is possible this week lets see after starting of the week
  • #503,752
  • Nov 17, 2019 11:28pm Nov 17, 2019 11:28pm
Quoting Tekin
1.32 is possible this week lets see after starting of the week
If you say "possible", 1.27 too, 1.33 too.... ^_^
  • #503,753
  • Nov 17, 2019 11:33pm Nov 17, 2019 11:33pm
Quoting NieFenG999
{quote} If you say "possible", 1.27 too, 1.33 too.... ^_^
Ofcourse now i will be watching 1.29 if it reacts up side from there i will turn to buy. now i am selling.daily chart is unclear reversal head and shoulder pattern maybe i am not expert only telling my own idea
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  • #503,754
  • Nov 17, 2019 11:40pm Nov 17, 2019 11:40pm
Quoting Tekin
{quote} Ofcourse now i will be watching 1.29 if it reacts up side from there i will turn to buy. now i am selling.daily chart is unclear reversal head and shoulder pattern maybe i am not expert only telling my own idea {image}
Yeah.... 1.2930 my short....
  • #503,755
  • Nov 18, 2019 12:10am Nov 18, 2019 12:10am
Inserted Video
  • #503,756
  • Nov 18, 2019 12:17am Nov 18, 2019 12:17am
gap up weekly and so ok for probable weekly set up for bull next & if so breakout for short times /weeks ! and may need days to have breakout UP 3011, pendings can wait there . now target 2975 as usual and range top likely . so playing the normal pa today with care , waiting for 2896/73 breakout for 2831 & 14 below play to bull Try!!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,757
  • Nov 18, 2019 12:21am Nov 18, 2019 12:21am
Quoting fontu
gap up weekly and so ok for probable weekly set up for bull next & if so breakout for short times /weeks ! and may need days to have breakout UP 3011, pendings can wait there . now target 2975 as usual and range top likely . so playing the normal pa today with care , waiting for 2896/73 breakout for 2831 & 14 below play to bull Try!! {image}
I just wait 1.2915 to close my short and prepare for long position.... ^_^
  • #503,758
  • Nov 18, 2019 12:42am Nov 18, 2019 12:42am
Quoting NieFenG999
{quote} I just wait 1.2915 to close my short and prepare for long position.... ^_^
good luck!
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,759
  • Nov 18, 2019 1:19am Nov 18, 2019 1:19am
I will dare another short here @ 1.2950 to meet the previous @ 1.2865. Stops at 1.3030!
Data + Stat + Risk/Emotions Management
  • #503,760
  • Nov 18, 2019 1:24am Nov 18, 2019 1:24am
Quoting Georginson
I will dare another short here @ 1.2950 to meet the previous @ 1.2865. Stops at 1.3030!
Put another short too on 2949.... ^_^
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