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Cable Update (GBPUSD)
- #506,382
- Dec 14, 2019 12:14pm Dec 14, 2019 12:14pm
- Joined Jan 2019 | Status: "Ideas stimulate the mind" | 4,203 Posts
50% retrace of election result move on daily as expectedDidn't take advantage of the retrace due to still being crappy on selling and was coming down with flu all day after price hit 3515. But mostly just crap at selling
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.. I hope to improve to negotiate next week ... maybe i have the sale in gu ... I am hoping to get well the medicine lowered my pressure.
- #506,384
- Dec 15, 2019 4:02pm Dec 15, 2019 4:02pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Take good care of yourself, get well soon!
Trade safe.
KP
Trade safe.
KP
{quote} i'm also flu.
Do your homework, follow the footprints of smart money
- #506,385
- Dec 15, 2019 4:04pm Dec 15, 2019 4:04pm
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Here's my technical outlook on GBPUSD, from the perspectiveof a swing trader.
The uncertainty surrounding the UK General Election that kept the GBPUSD sideways for long was resolved last week Thursday, and, immediately, the market went for a bullish spike to a multi-year high around the 1.35140 area. On the daily time frame, the market is overextended and is due for a pullback, perhaps, to the 1.31850 zone initially; it was the area of the recent strong rally northwards.
The rising trendline (magenta) from recent swing lows on the H4 time frame is rather acute and susceptible to a breakdown. A significant break below it and the structural low around 1.31200 on a daily closing basis will likely lead to a southward turnaround.
I may be wrong. Trade safe and prosper.
KP
The uncertainty surrounding the UK General Election that kept the GBPUSD sideways for long was resolved last week Thursday, and, immediately, the market went for a bullish spike to a multi-year high around the 1.35140 area. On the daily time frame, the market is overextended and is due for a pullback, perhaps, to the 1.31850 zone initially; it was the area of the recent strong rally northwards.
The rising trendline (magenta) from recent swing lows on the H4 time frame is rather acute and susceptible to a breakdown. A significant break below it and the structural low around 1.31200 on a daily closing basis will likely lead to a southward turnaround.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #506,388
- Dec 15, 2019 10:29pm Dec 15, 2019 10:29pm
- Joined Dec 2017 | Status: Trader | 30,688 Posts
crazy gu start with 50 pips asian range .
the Amusement Park is here
the Amusement Park is here
yes yes yes
- #506,389
- Edited Dec 16, 2019 12:12am Dec 15, 2019 10:37pm | Edited Dec 16, 2019 12:12am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #506,390
- Dec 15, 2019 11:37pm Dec 15, 2019 11:37pm
- Joined Jan 2019 | Status: Trader | 2,800 Posts
{quote} Holding on my GU 1.3320 Buy
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
- #506,391
- Dec 15, 2019 11:44pm Dec 15, 2019 11:44pm
- Joined Jan 2019 | Status: Trader | 2,800 Posts
crazy gu start with 50 pips asian range . the Amusement Park is here
?No Amusement park, just following the established uptrend.
The drawings on your charts are nice but also manipulative with no clear direction.
Maybe it goes up from there or maybe goes down, I assure one will work definitely
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
- #506,392
- Dec 15, 2019 11:53pm Dec 15, 2019 11:53pm
- Joined Jan 2019 | Status: Trader | 2,800 Posts
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
To the serious traders, this week price action looking at 1.344* resistance, a base above and we're going on a stronger uptrend(update later). On support side, we have around 1.32 strong support if price reaches there. For today, 1.329* support should hold the pair if price goes there.
. PMI will show direction.
- #506,398
- Dec 16, 2019 1:56am Dec 16, 2019 1:56am
- Joined Apr 2012 | Status: Stunning | 6,815 Posts
in wondering about yourself, you forgot what you came here to be part of
- #506,400
- Dec 16, 2019 2:02am Dec 16, 2019 2:02am
- Joined Dec 2015 | Status: Trader | 8,751 Posts
Do your homework, follow the footprints of smart money