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Cable Update (GBPUSD)

  • #511,061
  • Feb 7, 2020 3:49am Feb 7, 2020 3:49am
Inserted Video
  • #511,062
  • Feb 7, 2020 3:53am Feb 7, 2020 3:53am
Quoting zauha4
maybe NFP can make 2 way movement spike...
this is usual.
Intraday only.
  • #511,063
  • Feb 7, 2020 3:55am Feb 7, 2020 3:55am
Just checking, usdx tested the previous top successfully, and still readying for the break up. Ok to wait more to see. Gold jumps in fear but may settle after. Take care
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,064
  • Feb 7, 2020 3:56am Feb 7, 2020 3:56am
Buy Trades – EUR/GBP, XAU/USD

Sell Trades – GBP/USD, GBP/JPY, NZD/USD, NZD/CAD, AUD/USD, GBP/CHF, AUD/CAD, GBP/CAD

This is based on yesterday strenth and weakness.
Intraday only.
  • #511,065
  • Feb 7, 2020 4:04am Feb 7, 2020 4:04am
Quoting navk
Buy Trades – EUR/GBP, XAU/USD Sell Trades – GBP/USD, GBP/JPY, NZD/USD, NZD/CAD, AUD/USD, GBP/CHF, AUD/CAD, GBP/CAD This is based on yesterday strenth and weakness.
My friend, our system based on break of the asian session range and the pivot line.
The 2 conditions still not filled
yes yes yes
  • #511,066
  • Feb 7, 2020 4:06am Feb 7, 2020 4:06am
About 3.5 hrs until NFP, could Cable breaks 1.29 or not?

Let's wait and see...
  • #511,067
  • Feb 7, 2020 4:08am Feb 7, 2020 4:08am
Quoting Moty
{quote} My friend, our system based on break of the asian session range and the pivot line. The 2 conditions still not filled
for me, it is done
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.ukM5.png Size: 42 KB
Intraday only.
  • #511,068
  • Feb 7, 2020 4:10am Feb 7, 2020 4:10am
Quoting Moty
{quote} My friend, our system based on break of the asian session range and the pivot line. The 2 conditions still not filled
I use 2 hrs before frankfurt open box. Not the whole asian range
Intraday only.
  • #511,069
  • Feb 7, 2020 4:10am Feb 7, 2020 4:10am
Quoting pipfarm
Keeping my shorts from yesterday open and stop above 2947 lower high (h1) the whole swing from daily down is showing confluence for a break down of 2904 to trend but we all know this is NFP day and anything can happen, so good luck all whichever way your going.

Update to my plan,

Hold the short from yesterday with s/l above 2947 , add a buy stop above the 2947 high @2962.
Follow The Markets Structure - Patience and Discipline
  • #511,070
  • Feb 7, 2020 4:13am Feb 7, 2020 4:13am
I stayed in long in gu till yesterday.But i closed long.because channel H1 of Gu now is 1.28850.channel H4 1.29.Gu is very oversold.Ma100 weekly-1.29838-if weekly candles start close under MA100 this is the end ,can drop start.But GU is very oversold.
  • #511,071
  • Feb 7, 2020 4:15am Feb 7, 2020 4:15am
Quoting pipfarm
{quote} Update to my plan, Hold the short from yesterday with s/l above 2947 , add a buy stop above the 2947 high @2962.
why buy stop at 2962 and nor 2950 ?
Intraday only.
  • #511,072
  • Feb 7, 2020 4:17am Feb 7, 2020 4:17am
Quoting navk
{quote} I use 2 hrs before frankfurt open box. Not the whole asian range
I am also .
00:00 - 05:30 cet , and with we got false break to yesterday low
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-07 12.16.50_1.jpg Size: 128 KB
yes yes yes
  • #511,073
  • Feb 7, 2020 4:19am Feb 7, 2020 4:19am
Though usdx breaking previous top as nominal bull or correction activity but in gbpusd it looks the heart line for any bull or spike up, so previous bottom may react disproportionately, better cash it and get at some higher levels if get like 3040 or breaks and hold 2904. Big news today may not care any though. And daily tf posing strikingly down for next support level 2823.lets see.
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,074
  • Feb 7, 2020 4:21am Feb 7, 2020 4:21am
Quoting Moty
{quote} I am also . 00:00 - 05:30 cet , and with we got false break to yesterday low {image}
this happens at times
Intraday only.
  • #511,075
  • Feb 7, 2020 4:24am Feb 7, 2020 4:24am
its time to go back right now to 1.2965~1.2975

and over there it will be the real war between bear and bull
  • #511,076
  • Feb 7, 2020 4:27am Feb 7, 2020 4:27am
Quoting navk
{quote} why buy stop at 2962 and nor 2950 ?

the 2956 low from 5 Feb would act as old support becomes new resistance so 2950 is too close because it would still be an acceptable level for the current pa to retrace to if they want to drop the price, so im trying to play it safe both ways.

My target for the long side would be resistance around 3070 and for short , thats open to a huge drop below 2904
Follow The Markets Structure - Patience and Discipline
  • #511,077
  • Feb 7, 2020 4:33am Feb 7, 2020 4:33am
Looks like it will range until nfp , between 1.29259 and 1.29458.
When there is small range like 20 pips , it's followed by strong move , daily range is 100-110 pips
yes yes yes
  • #511,078
  • Feb 7, 2020 4:35am Feb 7, 2020 4:35am
if anyone cares for gbpaud, there is a perfect h&s pattern building on the 4h, right shoulder is about to hit the r3 , could potentially be a sign for gbp weakness
  • #511,079
  • Feb 7, 2020 4:36am Feb 7, 2020 4:36am
if 2947 fail to clear, another good drop below 2890 can be expected today
Intraday only.
  • #511,080
  • Feb 7, 2020 4:38am Feb 7, 2020 4:38am
channel H1 up- 1.3028
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 202 KB
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