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Cable Update (GBPUSD)

  • #504,781
  • Nov 28, 2019 9:49am Nov 28, 2019 9:49am
Quoting knkie
Buying 2909 frame M5 {image}
Is it not too early? PA is yet to close above M5 average currently at 2909 since 12 noon GMT today
  • #504,782
  • Nov 28, 2019 10:18am Nov 28, 2019 10:18am
Quoting knkie
Buying 2909 frame M5 {image}

  • #504,783
  • Nov 28, 2019 10:22am Nov 28, 2019 10:22am
Quoting thevisitor
{quote}
Both M30 and H1 are saying that 2885 is now on the radar
  • #504,784
  • Nov 28, 2019 10:22am Nov 28, 2019 10:22am
Quoting Bydyke
{quote} Is it not too early? PA is yet to close above M5 average currently at 2909 since 12 noon GMT today
I often enter too early.
Its a bad habit but it usually works out....
in wondering about yourself, you forgot what you came here to be part of
  • #504,785
  • Nov 28, 2019 10:23am Nov 28, 2019 10:23am
Still expecting a drop of the 4h frame below 2898 in the next 4h candle so holding shorts from 2910
  • #504,786
  • Nov 28, 2019 10:25am Nov 28, 2019 10:25am
Quoting Bydyke
{quote} Both M30 and H1 are saying that 2885 is now on the radar

Yes, but..?
  • #504,787
  • Edited 11:40am Nov 28, 2019 10:26am | Edited 11:40am
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yes yes yes
  • #504,788
  • Nov 28, 2019 10:46am Nov 28, 2019 10:46am
buy 1.2902

target 1.2975-80
  • #504,789
  • Nov 28, 2019 10:59am Nov 28, 2019 10:59am
Sellers are hoping for 1.2900 to break bulls are praying for the same level to hold. Its interesting how we are all looking at the same chart but take opposite positions.
Freedom is an asset.
  • #504,790
  • Nov 28, 2019 11:05am Nov 28, 2019 11:05am
Quoting thevisitor
buy 1.2902 target 1.2975-80
I shall decide after close of today candle
Intraday only.
  • #504,791
  • Nov 28, 2019 11:08am Nov 28, 2019 11:08am
Quoting navk
{quote} I shall decide after close of today candle
its in my head..
i dont think it goes that far today
my sl is very tight and worth a try..
  • #504,792
  • Nov 28, 2019 11:43am Nov 28, 2019 11:43am
I'm looking for a revisit from where price broke this morning (around 1.2925) before shorting again.
  • #504,793
  • Nov 28, 2019 12:01pm Nov 28, 2019 12:01pm
Anyone else see a massive spread? Right now?
  • #504,794
  • Nov 28, 2019 12:04pm Nov 28, 2019 12:04pm
Quoting Ra.
Anyone else see a massive spread? Right now?
0.8 up to 3.8/4.0 and spiking up and down..
  • #504,795
  • Edited 12:18pm Nov 28, 2019 12:05pm | Edited 12:18pm
Quoting Ra.
Anyone else see a massive spread? Right now?
Yeah spread, almost gap 4 pips and crazy price movement on my ecn broaker yes! 10 pips in a few seconds
  • #504,796
  • Nov 28, 2019 12:11pm Nov 28, 2019 12:11pm
Quoting pgburty
{quote} 0.8 up to 3.8/4.0 and spiking up and down..
YES.
in my broker the spread is useally 1.6 pips and now its over 2.5 , i belive it's becouse of the holyday in the u.s
yes yes yes
  • #504,797
  • Nov 28, 2019 12:17pm Nov 28, 2019 12:17pm
Quoting Ra.
Anyone else see a massive spread? Right now?
yes price moving like a yoyo
  • #504,798
  • Nov 28, 2019 12:24pm Nov 28, 2019 12:24pm
Quoting Tekin
{quote} everything supports down move but inportant is what market wants to do. H4 candle closed below fibo level {image}
Update we are just under 38.2 waiting very critical poünt for h1 and h4 is still bearish next target down side 1.2864 or upside 1.2988 or bull time will tell but if no spike trend contination i think
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  • #504,799
  • Edited 1:44pm Nov 28, 2019 1:08pm | Edited 1:44pm
moving tp 1.29018 , the volume it low
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yes yes yes
  • #504,800
  • Edited 2:47pm Nov 28, 2019 1:23pm | Edited 2:47pm
As the weekly range can be factor for the next move and it may be necceasary the lowest present or next week. So far present week having lowest range, if more range up then may not work and as the whole weekly in the last leg up is yesterday bounce and likely correct enough before burst. In this correction if price go below 2900 it will be difficult to back over it and likely fall to 2865 areas. Close week there constitute a long leg doji weekly and again bad signal for bull next week. Lets see how it plays out !

Other related pairs, eurgbp likely bounce next, eurusd likely bear more, usdx weekly likely bull continue and hence gbp likely weakest and may fail burst up, may burst down even weekly monthly as bullish!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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