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Cable Update (GBPUSD)

  • #506,661
  • Dec 17, 2019 12:03pm Dec 17, 2019 12:03pm
the spike is coming
Attached Image(s) (click to enlarge)
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yes yes yes
  • #506,662
  • Dec 17, 2019 12:09pm Dec 17, 2019 12:09pm
Quoting of lesser degree and
{quote} Before, After and Today https://www.forexfactory.com/attachm...7&d=1576057425 https://www.forexfactory.com/attachm...8&d=1576057431 https://www.tradingview.com/x/QCC2VM2G/ {image} {image} {image}
Vikinsa, how the owners of this software explained that they anchor any leg wherever suits them to mark the pattern?...it's useless for harmonic patterns traders...please, convince me that I am wrong.
Always trade your own plan...I don't provide trading signals.
  • #506,663
  • Dec 17, 2019 12:11pm Dec 17, 2019 12:11pm
It’s like the bulls have steadied the bridge!

Bullish engulfers on M15 and M30. PA has closed above EMA 100/H4 (3115). PA has also closed cleanly above M5 average after 8 hours.

We might see a little dip but the bears no longer have the bragging rights
  • #506,664
  • Dec 17, 2019 12:13pm Dec 17, 2019 12:13pm
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Never follow/blame others,Patience is the key skill for Succesfull trading.
  • #506,665
  • Dec 17, 2019 12:20pm Dec 17, 2019 12:20pm
Sell 1. 31231 sl 1.31735 tp 1.30415
  • #506,666
  • Dec 17, 2019 12:28pm Dec 17, 2019 12:28pm
Quoting greengp
Sell 1. 31231 sl 1.31735 tp 1.30415
Nice tp, but if we go above 39, i would expect to hit your target

But everything's closing so it may not worth doing anything so far
COT: The precious data ignored
  • #506,667
  • Dec 17, 2019 12:44pm Dec 17, 2019 12:44pm
Quoting Tekin
{quote} this target already done whats next
only 30 minutes to speak and its calming down. My idea with asian session it will go up but everything is possible it shouldnt go below 1.3080 anymore
Attached Image (click to enlarge)
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  • #506,668
  • Dec 17, 2019 1:00pm Dec 17, 2019 1:00pm
Likely breakout nextday for 2767 and more next if! Perfect pa, news trading syndicate may staying away for timebeing!!
Usdx just pose to correct, much more to try next
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #506,669
  • Dec 17, 2019 1:04pm Dec 17, 2019 1:04pm
AM THE BULL OR BEAR
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  • #506,670
  • Dec 17, 2019 1:26pm Dec 17, 2019 1:26pm
Daily low hit nicely on H4 trendline... Bought from there with tight SL... Target 1.3220/30..
Attached Image (click to enlarge)
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  • #506,671
  • Dec 17, 2019 1:45pm Dec 17, 2019 1:45pm
Last defense for bulls 1,3108 ?
COT: The precious data ignored
  • #506,672
  • Dec 17, 2019 1:57pm Dec 17, 2019 1:57pm
even if price want to go down , it will go up first
Attached Image(s) (click to enlarge)
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yes yes yes
  • #506,673
  • Dec 17, 2019 2:00pm Dec 17, 2019 2:00pm
Quoting kuroro001
Last defense for bulls 1,3108 ?
Saved so far....it needs to stay above 1,3116 to reach 1,3155/70, else 1,3108 is in danger and new lows in sight
COT: The precious data ignored
  • #506,674
  • Dec 17, 2019 2:01pm Dec 17, 2019 2:01pm
it was too fast.I understand all but too fast.--correction.I bought Gu.I should say- monthly start go up-indicator show.Maybe i sell.and buy again.But monthly goes from zero level(to bottom-deep,this is another bottom from lets say 20.Weekly is not ovebought go up but not overbought.this candle motnthly change trend to up.
  • #506,675
  • Dec 17, 2019 2:13pm Dec 17, 2019 2:13pm
Sterling traders who thought the Conservative Party's resounding victory in the Dec. 12 U.K. general election would lead to a smooth Brexit were caught by surprise Tuesday, Societe Generale says. Reports that the government will seek to pass legislation that prevents any delay to Brexit.
The British pound fell against the U.S. dollar Tuesday on mounting concern that the U.K. may break its ties with the European Union at the end of next year without a fresh trading agreement in place, clouding the nation's economic prospects.
Sterling slipped 1.6%, its steepest daily decline in more than a year, to trade at $1.3100. The U.K.'s FTSE 250 index, which tracks companies with significant local operations, fell 1.6% -- its biggest drop since Oct. 3.
  • #506,676
  • Dec 17, 2019 2:27pm Dec 17, 2019 2:27pm
Can the bulls have more ? Short term

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COT: The precious data ignored
  • #506,677
  • Dec 17, 2019 3:42pm Dec 17, 2019 3:42pm
Quoting Dr.Zain
Sterling traders who thought the Conservative Party's resounding victory in the Dec. 12 U.K. general election would lead to a smooth Brexit were caught by surprise Tuesday, Societe Generale says. Reports that the government will seek to pass legislation that prevents any delay to Brexit. The British pound fell against the U.S. dollar Tuesday on mounting concern that the U.K. may break its ties with the European Union at the end of next year without a fresh trading agreement in place, clouding the nation's economic prospects. Sterling slipped 1.6%,...


MATTER OF FACT
  • #506,678
  • Dec 17, 2019 4:07pm Dec 17, 2019 4:07pm
Would need to run a stop below x to see if this support holds. a big element of risk though is the fact its a 60m with a bunch of news coming out soon (red lines)
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  • #506,679
  • Dec 17, 2019 5:20pm Dec 17, 2019 5:20pm
Quoting greengp
{quote} MATTER OF FACT
All very gloomy at the moment for Cable and the UK in general
Pip Goes The Weasel
  • #506,680
  • Dec 17, 2019 5:31pm Dec 17, 2019 5:31pm
@appletrader, very nice analysis...congrats...My playbook for the next 24 hours (harmonic pattern (bullish bat) combined with EW principle)).
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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