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Cable Update (GBPUSD)

  • #505,461
  • Dec 6, 2019 2:46am Dec 6, 2019 2:46am
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yes yes yes
  • #505,462
  • Edited 3:02am Dec 6, 2019 2:51am | Edited 3:02am
Post london open correction down starts with eurgbp correction up, likely reach 0.8454+ already to 0.8493+.waiting for gbpusd test tl or correction below 3123/3084 - to try bull then. Watching through zigzag up!
Checking eurusd and dollar as static, no bull or correct up yet, so weakness only in gbp for timebeing , may with some news perhaps and limited. Take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #505,463
  • Dec 6, 2019 3:06am Dec 6, 2019 3:06am
PA has closed below H1 average currently at 3138. The last time it did so was on December 2nd. So, the bears now have a
shout
  • #505,464
  • Dec 6, 2019 3:09am Dec 6, 2019 3:09am
Quoting Bydyke
PA has closed below H1 average currently at 3138. The last time it did so was on December 2nd. So, the bears now have a shout
also one min tf crosed the hr4 average
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,465
  • Dec 6, 2019 3:13am Dec 6, 2019 3:13am
Quoting knkie
good morning SELL 3144 M5 & M30 frames edit: 32 25 pip trgt @ 3119
strong move
so i lowered my tp to 3111 for 34 pips

Edit:
Exit +32 pips
in wondering about yourself, you forgot what you came here to be part of
  • #505,466
  • Dec 6, 2019 3:14am Dec 6, 2019 3:14am
so we get finally sharp move down
  • #505,467
  • Dec 6, 2019 3:16am Dec 6, 2019 3:16am
Quoting Fredo219
Sell gbpusd, sorry its coming late. Sold it 10 minutes ago.
TP hit.
See you guys next week
Patience.....
  • #505,468
  • Dec 6, 2019 3:47am Dec 6, 2019 3:47am
today sell only below frankfurt high. or 3180
Intraday only.
  • #505,469
  • Dec 6, 2019 3:50am Dec 6, 2019 3:50am
Quoting navk
today sell only below frankfurt high. or 3180
how about nfp news ?
  • #505,470
  • Dec 6, 2019 3:54am Dec 6, 2019 3:54am
a bear trap? I wonder...
  • #505,471
  • Dec 6, 2019 3:55am Dec 6, 2019 3:55am
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yes yes yes
  • #505,472
  • Dec 6, 2019 3:57am Dec 6, 2019 3:57am
Quoting Fredo219
{quote} TP hit. See you guys next week
That's the strategy of making consistent income from forex trading.
Get your 20-40 pip gain and push yourself away from the table. Now you can play golf, sleep, or whatever you want to do for the rest of the day....
Lost....
  • #505,473
  • Dec 6, 2019 3:58am Dec 6, 2019 3:58am
Quoting Moty
{image}{image}{image}
or maybee also like that?
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Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #505,474
  • Dec 6, 2019 4:00am Dec 6, 2019 4:00am
Quoting gespiri
{quote} That's the strategy of making consistent income from forex trading. Get your 20-40 pip gain and push yourself away from the table. Now you can play golf, sleep, or whatever you want to do for the rest of the day....
Yep short stops quick profits...next
  • #505,475
  • Dec 6, 2019 4:00am Dec 6, 2019 4:00am
Traders sentiment for GBPUSD
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  • #505,476
  • Dec 6, 2019 4:02am Dec 6, 2019 4:02am
Quoting Forexgogo
a bear trap? I wonder...
was some polling election data around the time of reverse. Lead still 10points, could also been factor

could continue now a little maybe back again
  • #505,477
  • Dec 6, 2019 4:03am Dec 6, 2019 4:03am
As expected, a rally has come and the price has broken to the upside to test 200SMA on weekly timeframe .
However it is not done yet. It needs to go to 1.13 Fib Extension for Alt Bat Pattern to complete. Hence we can buy a dip for a small Long position.
Our original analysis to short at the completion of ALT Bat Pattern is still intact.

https://www.tradingview.com/chart/GB...ort-Positions/

https://www.tradingview.com/chart/GB...-Are-Squeezed/
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Technical Analyst & Trader @ Vikinsa
  • #505,478
  • Dec 6, 2019 4:08am Dec 6, 2019 4:08am
Quoting gespiri
{quote} That's the strategy of making consistent income from forex trading. Get your 20-40 pip gain and push yourself away from the table. Now you can play golf, sleep, or whatever you want to do for the rest of the day....
Patience.....
  • #505,479
  • Dec 6, 2019 4:21am Dec 6, 2019 4:21am
Quoting pipcenturion
Traders sentiment for GBPUSD {image}
Good. We need them so we can go higher
  • #505,480
  • Dec 6, 2019 4:25am Dec 6, 2019 4:25am
The bulls have wrestled back the H5 average now at 3132. They still have the H1 average (3138) to conquer. Howbeit the fact that M15 closed below EMA 200 is an indication that PA will likely get back there (3110) today. Whether that will happen before NFP remains to be seen
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