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Cable Update (GBPUSD)

  • #503,921
  • Nov 20, 2019 3:57am Nov 20, 2019 3:57am
this look like a test of 1.29

now we need a strong rejection candle that close above 2-3 days

intraday we already have rejection now we need a 1hr close above current high of london and bulls will run
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MY OPINION NOT FINANCIAL ADVISE
  • #503,922
  • Nov 20, 2019 4:01am Nov 20, 2019 4:01am
Quoting fontu
no time to see in the morning , ok good news continues as Audusd & bren weekly broken down , so usd certain go strong & other down continues . gold still not but ok on time , limit test , will wait at 1458 retest. waiting gbpusd breaks 2891 for 2856 , gj waiting breaks 139.70 for 130.00m gbpche 1.2764 breaks for 1.2733 plays {image} {image} {image}
Hi Fontu,
Coolz, I am selling GU to 1.2856 as you mentioned
  • #503,923
  • Nov 20, 2019 4:03am Nov 20, 2019 4:03am
Quoting fontu
{quote} Possible at much deep 2856 or around or more lows, if below that level, this week should drop much faster because will expect big wick down at the weekly candle. If fail the weekly breakout and hold then to wait for 2/3 wks further for new breakout and hold. So this week is a decision making time, at least 2900 hold be enough weekly close!
I agree with your opinion. It is bad for longterm or mid term
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  • #503,924
  • Nov 20, 2019 4:11am Nov 20, 2019 4:11am
this view depend on how the next 1-2 days price action react.
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MY OPINION NOT FINANCIAL ADVISE
  • #503,925
  • Nov 20, 2019 4:16am Nov 20, 2019 4:16am
ALL GAPS ARE CLOSED.
are you ready for the second wave up ?
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yes yes yes
  • #503,926
  • Nov 20, 2019 4:18am Nov 20, 2019 4:18am
Quoting donfriday
this look like a test of 1.29 now we need a strong rejection candle that close above 2-3 days intraday we already have rejection now we need a 1hr close above current high of london and bulls will run {image}
The pound has been bouncing up and down in a 250pip range since 21 October...that is unlikely to change till after the elections. Your strategy should be how to trade the range successfully.

Guz
Charts don't drive price, market conditions drive price...
  • #503,927
  • Nov 20, 2019 4:20am Nov 20, 2019 4:20am
EW on H4
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  • #503,928
  • Nov 20, 2019 4:22am Nov 20, 2019 4:22am
Quoting quangvision
{quote} Hi Fontu, Coolz, I am selling GU to 1.2856 as you mentioned

Hope you are looking at H4. It is bullish and has closed above H4 average (2907)
  • #503,929
  • Nov 20, 2019 4:26am Nov 20, 2019 4:26am
Quoting b_hand
EW on H4{image}
I have been trading Elliott Wave for 15 years..so I can tell you that is not a valid Elliott Wave formation.

Guz
Charts don't drive price, market conditions drive price...
  • #503,930
  • Nov 20, 2019 4:31am Nov 20, 2019 4:31am
Open the usdx morning chart, perfect breaks up 97.815, must try hold as daily close, so continue/range above likely. Audusd, brent down may sutain this correction up for now or this week! So no sudden bull in others apparently. Take care
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,931
  • Nov 20, 2019 4:31am Nov 20, 2019 4:31am
Quoting Bydyke
{quote} Hope you are looking at H4. It is bullish and has closed above H4 average (2907)
Hi,
I am using MA26 and don't see GU closed above average so I strongly believe it will keep creating new bottoms
  • #503,932
  • Nov 20, 2019 4:32am Nov 20, 2019 4:32am
Quoting Guztro
{quote} I have been trading Elliott Wave for 15 years..so I can tell you that is not a valid Elliott Wave formation. Guz
Advance EW Lol
  • #503,933
  • Nov 20, 2019 4:36am Nov 20, 2019 4:36am
Quoting b_hand
{quote} Advance EW Lol
Charts don't drive price, market conditions drive price...
  • #503,934
  • Nov 20, 2019 4:38am Nov 20, 2019 4:38am
When MA 34 and fibo 38.2 meet up thats strong support right now. I believe when the candle closed under the price maybe selling not bad idea.
  • #503,935
  • Nov 20, 2019 4:39am Nov 20, 2019 4:39am
Quoting quangvision
{quote} Hi, I am using MA26 and don't see GU closed above average so I strongly believe it will keep creating new bottoms

I am thrilled. Today will give us a good test between EMA 26 and EMA 29
  • #503,936
  • Nov 20, 2019 4:58am Nov 20, 2019 4:58am
Quoting corongumet
{quote} I agree with your opinion. It is bad for longterm or mid term {image}
Immediate bearish. Short to medium bull, medium to long term big bear. Thanks
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,937
  • Nov 20, 2019 5:01am Nov 20, 2019 5:01am
It's good time to BUY fiber
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  • #503,938
  • Edited 5:54am Nov 20, 2019 5:16am | Edited 5:54am
Quoting b_hand
{quote} Advance EW Lol
Corrective, wave 1 and 5th may complex. Smaller formation wave 1 up ok try and in that case 4 or wave 2 up may be 2856 or below 2814, medium as correction not to the minimum yet as top of top wave extension running only may more correct down to bull real, no crazy now, much bigger, correct down enough to bottom play even to try up again!! In much bigger cycle correct up above 3384 to bear continue after big breakout, push back over now wave 1 diwn, so wave b up to start wave 3 strong down may to start in future. Take care. Good try.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #503,939
  • Nov 20, 2019 5:18am Nov 20, 2019 5:18am
Quoting Bones
what we talk of last week is evening star failure see close this week channel makes more sense on d1 ,but its a guide really {quote} {image}

Great charts as usual...
Gone to a better place
  • #503,940
  • Nov 20, 2019 5:44am Nov 20, 2019 5:44am
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yes yes yes
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