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Cable Update (GBPUSD)

  • #510,841
  • Feb 5, 2020 8:47am Feb 5, 2020 8:47am
The price is the second time in line with the monthly trend line with support Fibo. Maybe it will be something more. If not, I close with a profit
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  • #510,842
  • Feb 5, 2020 8:58am Feb 5, 2020 8:58am
Attached Image (click to enlarge)
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yes yes yes
  • #510,843
  • Feb 5, 2020 9:01am Feb 5, 2020 9:01am
as I can see majority in this topic they are short in GBPUSD. what kind of targets you guys aiming ? few pips or hundreds ?

I am still bullish and I insist to see above 1.32 and 1.33 again
  • #510,844
  • Feb 5, 2020 9:09am Feb 5, 2020 9:09am
Quoting msniper
as I can see majority in this topic they are short in GBPUSD. what kind of targets you guys aiming ? few pips or hundreds ? I am still bullish and I insist to see above 1.32 and 1.33 again
I'm looking for this too
  • #510,845
  • Feb 5, 2020 9:11am Feb 5, 2020 9:11am
2 bullish scenarios

although the daily scenario is not perfectly drawn but its still gonna give the same results

GBPUSD tried to break 1.29 level 7 times so far and every time its failing. so soon bear will give up and bulls take control
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  • #510,846
  • Feb 5, 2020 9:26am Feb 5, 2020 9:26am
Quoting Moty
{image}

short at lows always dangerous
Keep the Lights on then you can catch the rise from the dark.
  • #510,847
  • Feb 5, 2020 9:27am Feb 5, 2020 9:27am
Quoting msniper
2 bullish scenarios although the daily scenario is not perfectly drawn but its still gonna give the same results GBPUSD tried to break 1.29 level 7 times so far and every time its failing. so soon bear will give up and bulls take control {image} {image}
It needs to break above the broken and retested TL and R @ 1.3067 to turn bullish imo. The PA looks very bearish atm.
Attached Image (click to enlarge)
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  • #510,848
  • Feb 5, 2020 9:28am Feb 5, 2020 9:28am
Quoting msniper
2 bullish scenarios although the daily scenario is not perfectly drawn but its still gonna give the same results GBPUSD tried to break 1.29 level 7 times so far and every time its failing. so soon bear will give up and bulls take control {image} {image}
If the monthly trend line holds up, I'm looking for a goal over 1.34
  • #510,849
  • Edited 9:50am Feb 5, 2020 9:29am | Edited 9:50am
Quoting Moty
THE DROP IS COMING {image}
Moty, same here...but keep your options open...possible Deep Crab in making but we don't know if C is already in place...You don't want to be surprised with ABC to the upside, do you?...just friendly reminder...I didn't enter a short trade yet.
Edit: ups...my bad...corrected 30M chart.
Attached Image(s) (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #510,850
  • Feb 5, 2020 9:39am Feb 5, 2020 9:39am
3006 long
in wondering about yourself, you forgot what you came here to be part of
  • #510,851
  • Feb 5, 2020 9:42am Feb 5, 2020 9:42am
While new to forex i have not seen this kind of behavior in other pairs. It feels almost foolish to have long term sentiment (bearish sentiment here :-) )... this thing just jumps up and down.

you more long term traders, have you seen this behavior before, and is this not some big guys behind the scenes making som crazy speculation and some crazy earnings on this pair why we else are concerned long term?

Why does 1.35 or 1.27 really matter To us “retail” i ask myself? The pair just last week have moved over 600 pips on the daily range... did not matter if one is short or long, all could earn BIG money?!?
  • #510,852
  • Feb 5, 2020 9:45am Feb 5, 2020 9:45am
Quoting Coreg2004
{quote} Moty, same here...but keep your options open...possible Deep Crab in making but we don't know if C is already in place...You don't want to be surprised with ABC to the upside, do you?...just friendly reminder...I didn't enter a short trade yet. {image} {image}
Why not? its at perfect place to short again, the RRR is very clear. if this correction is the 2nd wave of an impulse, there reward is big
Attached Image (click to enlarge)
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  • #510,853
  • Feb 5, 2020 9:49am Feb 5, 2020 9:49am
Quoting knkie
3006 long
BE
too early

M5 lower first
in wondering about yourself, you forgot what you came here to be part of
  • #510,854
  • Feb 5, 2020 10:34am Feb 5, 2020 10:34am
fancy buying into Tesla ?=omg



A Tesla executive said that cars initially scheduled for delivery in early February will be delayed due to the outbreak of the new coronavirus.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #510,855
  • Feb 5, 2020 10:54am Feb 5, 2020 10:54am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 37 KB
yes yes yes
  • #510,856
  • Feb 5, 2020 10:57am Feb 5, 2020 10:57am
Quoting Moty
{image}
SL 3033?
  • #510,857
  • Feb 5, 2020 11:50am Feb 5, 2020 11:50am
Quoting doniyor81
{quote} SL 3033?
sl suppose to go at 1.30110
Attached Image(s) (click to enlarge)
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yes yes yes
  • #510,858
  • Feb 5, 2020 12:03pm Feb 5, 2020 12:03pm
Quoting Moty
{quote} sl suppose to go at 1.30110 {image} {image}
Looking good
  • #510,859
  • Feb 5, 2020 1:36pm Feb 5, 2020 1:36pm
Quoting wealthyqueen
{quote} Ok, will do! I dont trade GU at all. But I somehow invited myself to receive notifications. Im cracking up. I miss Moty on EU only forum. You too for that matter.
WQ, check this link out ...if you wish...https://www.forexfactory.com/showthr...4#post12739974
and compare it with your assessment. As always; trade your plan.
Always trade your own plan...I don't provide trading signals.
  • #510,860
  • Feb 5, 2020 8:02pm Feb 5, 2020 8:02pm
initially a drop is expected below 3108. At S1 , we need to see reaction. However, it may drop more today below S1
Intraday only.
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