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Cable Update (GBPUSD)

  • #510,701
  • Edited 4:32am Feb 4, 2020 4:20am | Edited 4:32am
Usdx good target meet and a top ranging to decide next and care for all as though it look for good crush or correction down in smaller tf but may continue further up. Anyway next pa as sideways till decide, easy for scalping and easy loo if not care.
High tf still favour for above previous top 98.46.git life and nicely recover the last crash!
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,702
  • Feb 4, 2020 4:21am Feb 4, 2020 4:21am
no slam dunk for bulls , could easily fall back below 1.3000 imho
  • #510,703
  • Edited 4:50am Feb 4, 2020 4:36am | Edited 4:50am
Quoting navk
{quote} bear trap, looks like.
eg performed a perfact pull back .
i think this is a bears trap for gu traders
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i see the head !!!!!
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yes yes yes
  • #510,704
  • Feb 4, 2020 5:01am Feb 4, 2020 5:01am
Quoting MXT
no slam dunk for bulls , could easily fall back below 1.3000 imho
2972 again and hold for next tanking!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #510,705
  • Feb 4, 2020 5:25am Feb 4, 2020 5:25am
Quoting SCopier
Hmm, look like will break last week high. LOOOONGGGGG my tp @1.324xx
wooow...close GAP....
  • #510,706
  • Feb 4, 2020 5:26am Feb 4, 2020 5:26am
Quoting fontu
{quote} 2972 again and hold for next tanking! {image} {image}
Do you see such points ( 3030 ) for another lows?

IMO, it bounced from 2940 in London session and moved almost 80 pips..... now the remaining day shall be in the direction of today trend.
Intraday only.
  • #510,707
  • Feb 4, 2020 5:27am Feb 4, 2020 5:27am
Quoting MXT
no slam dunk for bulls , could easily fall back below 1.3000 imho
The bulls are going to make the bears cry imho

Trade Safe.
Guz
Charts don't drive price, market conditions drive price...
  • #510,708
  • Feb 4, 2020 5:38am Feb 4, 2020 5:38am
Quoting Guztro
{quote} The bulls are going to make the bears cry imho Trade Safe. Guz
bull / bear battle going on as always , we ' ll see
  • #510,709
  • Feb 4, 2020 5:47am Feb 4, 2020 5:47am
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yes yes yes
  • #510,710
  • Feb 4, 2020 6:28am Feb 4, 2020 6:28am
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  • #510,711
  • Feb 4, 2020 6:52am Feb 4, 2020 6:52am
Quoting Moty
{image}
That is also my view. It can also go down to 61.8%. The market maker wants to push the price up but before they do that they want to buy at a discount.
  • #510,712
  • Feb 4, 2020 7:10am Feb 4, 2020 7:10am
as long as 1.2970 is holding the best thing is going long and target 1.33 to 1.34

shorting above the 1.2970 level and hoping it will crash is super big risk in my opinion

draw a daily up trend from the bottom 1.19 level and see that price is bouncing from the trend

so find a dip and buy is the best choice
  • #510,713
  • Feb 4, 2020 7:20am Feb 4, 2020 7:20am
Quoting msniper
as long as 1.2970 is holding the best thing is going long and target 1.33 to 1.34 shorting above the 1.2970 level and hoping it will crash is super big risk in my opinion draw a daily up trend from the bottom 1.19 level and see that price is bouncing from the trend so find a dip and buy is the best choice
i used to share this view till last week , but this week something has changed

so i ' m pretty much neutral as of now , will just wait and see
  • #510,714
  • Feb 4, 2020 7:21am Feb 4, 2020 7:21am
We about to take off
  • #510,715
  • Feb 4, 2020 7:25am Feb 4, 2020 7:25am
Quoting msniper
as long as 1.2970 is holding the best thing is going long and target 1.33 to 1.34 shorting above the 1.2970 level and hoping it will crash is super big risk in my opinion draw a daily up trend from the bottom 1.19 level and see that price is bouncing from the trend so find a dip and buy is the best choice
That's I have long from 1.2960
  • #510,716
  • Feb 4, 2020 7:30am Feb 4, 2020 7:30am
Quoting Mtsai
We about to take off
wololo
  • #510,717
  • Feb 4, 2020 7:31am Feb 4, 2020 7:31am
#GBPUSD / H4 / Four Counters
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  • #510,718
  • Edited 8:01am Feb 4, 2020 7:37am | Edited 8:01am
The market has a way of lulling you into a false sense of believe, usually happens just before it takes your money .

Trade your plan, and trade safe guys.

Guz
Charts don't drive price, market conditions drive price...
  • #510,719
  • Feb 4, 2020 7:39am Feb 4, 2020 7:39am
In the morning I brought this , still valid
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yes yes yes
  • #510,720
  • Feb 4, 2020 7:42am Feb 4, 2020 7:42am
Quoting Moty
In the morning I brought this , still valid {image}
valid still what? you have arrow to up and arrow to down
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