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Cable Update (GBPUSD)

  • #504,061
  • Nov 21, 2019 10:37am Nov 21, 2019 10:37am
Quoting Ra.
{quote} I think it's reversal time, bullish trendline on 3rd tap, price moving for a 4th tap. But showed very little profit, plus rejection again at 1.3000 level
True, atm it is going to test the 200SMA on the 1HR tf. If it breaks there will be plenty of room to the south
  • #504,062
  • Nov 21, 2019 10:37am Nov 21, 2019 10:37am
Quoting Theoak
{quote} Not sure where it will go now- I've been busy doing other stuff to look at charts. Just a classic Bull trap!!! Old school move!!
totally guessing but will touch 2890 today, pull back during Asian session, then drop again Friday.
  • #504,063
  • Nov 21, 2019 10:39am Nov 21, 2019 10:39am
Quoting Moty
{quote} Always when I'm wrong the price stays in the extreme against me all day long, but when I'm right the price suddenly reverses sharply, Okay to resistance, is there any reason for such power in the other direction? {image}
Yes Moty, technical reason...Do you want to discuss day trading using Pivot Points?
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Always trade your own plan...I don't provide trading signals.
  • #504,064
  • Nov 21, 2019 10:42am Nov 21, 2019 10:42am
trend dont lie ..now let see what happen from here
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MY OPINION NOT FINANCIAL ADVISE
  • #504,065
  • Nov 21, 2019 10:48am Nov 21, 2019 10:48am
Attached Image (click to enlarge)
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yes yes yes
  • #504,066
  • Nov 21, 2019 10:54am Nov 21, 2019 10:54am
GBPUSD overview
We have a two-tops pattern on background.
1) This is FOMO buying culmination
2) Selling pressure.
Note Ratio indicator - it shows the profitable buyers were the majority (3). But market is not designed to make profits for people. That is why we got decline (4) and tears for buyers.
Decline finished when the bearish profits became the majority (5). Then market reversed up again to make tears for sellers. As you can guess, the upward movement finished when profitable buyers become the majority (6) again. At that moment we got:
7) Fake penetration of high (1) - SLKT
8) Minor high
And today the chart plotted new two-tops pattern but on a bigger scale in comparison with (1-2) pattern
9) Here is the level of Stop-Losses
10) Here is SL-Killing bar
Note the bulls were in majority. So, you should expect what?
11)Right! Tears for buyers.

Follow My Thread
I have bearish expectations until sellers’ profits became the majority (bold orange line on the highs)
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Oleg Alexandrov, market analyst. Find me in Google
  • #504,067
  • Nov 21, 2019 11:00am Nov 21, 2019 11:00am
Quoting olegchartist
GBPUSD overview We have a two-tops pattern on background. 1) This is FOMO buying culmination 2) Selling pressure. Note Ratio indicator - it shows the profitable buyers were the majority (3). But market is not designed to make profits for people. That is why we got decline (4) and tears for buyers. Decline finished when the bearish profits became the majority (5). Then market reversed up again to make tears for sellers. As you can guess, the upward movement finished when profitable buyers become the majority (6) again. At that moment we got: 7) Fake...
Clean summary!
  • #504,068
  • Nov 21, 2019 11:03am Nov 21, 2019 11:03am
perfect , and may readying for lethal thrust through the previous low 2886
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,069
  • Nov 21, 2019 11:08am Nov 21, 2019 11:08am
Stacking on buyers again, still think it'll get another 20 pips out of it at 2890**edit** to close for low of day
  • #504,070
  • Nov 21, 2019 11:21am Nov 21, 2019 11:21am
Quoting Ra.
Stacking on buyers again, still think it'll get another 20 pips out of it at 2890**edit** to close for low of day
this 20 pips may be enough for breaks previous low 2886!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,071
  • Nov 21, 2019 11:53am Nov 21, 2019 11:53am
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yes yes yes
  • #504,072
  • Nov 21, 2019 12:19pm Nov 21, 2019 12:19pm
smells 1.2880-70... min...
  • #504,073
  • Nov 21, 2019 1:03pm Nov 21, 2019 1:03pm
The daily bear /correction got life with extra sell or tp taking early may try one more day to continue before get support and if so weekly breakout may be trouble this week. Anyway there must good fighting then!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #504,074
  • Nov 21, 2019 1:15pm Nov 21, 2019 1:15pm
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yes yes yes
  • #504,075
  • Nov 21, 2019 1:42pm Nov 21, 2019 1:42pm
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yes yes yes
  • #504,076
  • Nov 21, 2019 2:27pm Nov 21, 2019 2:27pm
Quoting NieFenG999
{quote} Only you not see the Gap??? What a poor broker you have dude...
U still can see 1.3100 delusional guy??
  • #504,077
  • Nov 21, 2019 3:37pm Nov 21, 2019 3:37pm
i want to see 2950 tomorrow then maybe a drop
MY OPINION NOT FINANCIAL ADVISE
  • #504,078
  • Nov 21, 2019 5:21pm Nov 21, 2019 5:21pm
Quoting donfriday
i want to see 2950 tomorrow then maybe a drop
I'm on the opposite end mi amigo (sorry just had tacos n' tequila).

Reason being: Mon-Thursday *half of thursday* been a nice bullish inducement, with strong Sterling sentiment. They're moving back down towards last weeks gap for a fill. We saw a double tap, to the 3000 area, then a harsh move downward. My guess, it's going down, will hit around 2920'ish +10/15 pips more, then head further south, probably not to last weeks low, but its moving there.. Cause: Some BS about Trump/China deal or UK election news.
  • #504,079
  • Nov 21, 2019 7:45pm Nov 21, 2019 7:45pm
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yes yes yes
  • #504,080
  • Edited 10:16pm Nov 21, 2019 10:03pm | Edited 10:16pm
Good morning, just checking usdx before any others. Range up still and may try at least flat today.

Gbpusd range top to play down further to decide next, so 2900 to 2929 +/below 2931 likely to try break previous low. Same as before, no change yet. Let's see. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
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