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Cable Update (GBPUSD)

  • #511,401
  • Feb 11, 2020 1:50am Feb 11, 2020 1:50am
I think there is a very big chance we see a correction up in both GU and GJ for about 100 pips from the current level. as I can see a nice head and shoulder pattern

SL would be around 40 pips down from current prices
Attached Image (click to enlarge)
Click to Enlarge Name: gugj hs.jpg Size: 195 KB
  • #511,402
  • Feb 11, 2020 2:11am Feb 11, 2020 2:11am
It looks bearish to me.

10-14 February 2020
Risk Management is of utmost importance!
  • #511,403
  • Feb 11, 2020 2:13am Feb 11, 2020 2:13am
Quoting RCtrader
It looks bearish to me. 10-14 February 2020
Wait for it...
Charts don't drive price, market conditions drive price...
  • #511,404
  • Feb 11, 2020 2:17am Feb 11, 2020 2:17am
Daily goes up also-green go from down to up- look buy not sell.Gu can retest blue low line or retest green low line-problem i dont see low of channel h1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB
  • #511,405
  • Feb 11, 2020 2:37am Feb 11, 2020 2:37am
the yellow line is the safest area to sell GBPUSD with retest of the broken daily uptrend
Attached Image (click to enlarge)
Click to Enlarge Name: wantgu.jpg Size: 117 KB
  • #511,406
  • Feb 11, 2020 2:39am Feb 11, 2020 2:39am
They always trick you .
It not like yesterday, they made a false break of frankfort low before.
Crook's wiphsaw candle
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-11 10.32.59_12.jpg Size: 158 KB
yes yes yes
  • #511,407
  • Feb 11, 2020 2:45am Feb 11, 2020 2:45am
incase the head and shoulder fail in GU we still have another harmonic support the retrace up
Attached Image
  • #511,408
  • Feb 11, 2020 2:46am Feb 11, 2020 2:46am
sell limit 1.29118
SL 1.29302
TP 1.28564
  • #511,409
  • Feb 11, 2020 2:50am Feb 11, 2020 2:50am
she looks like she's ready to go for another rally pour la bulls.
  • #511,410
  • Feb 11, 2020 2:50am Feb 11, 2020 2:50am
Quoting Tekin
ok drop waves are aproaching i think. 30 pip risk for 1.28387
Be careful bulls you are about to be shreded just kidding. Stop is at be
  • #511,411
  • Feb 11, 2020 2:57am Feb 11, 2020 2:57am
How are you guys still going off of technicals so close to news? I mean, I myself am a technical trader but THIS close to big red news like this, all of that stuff is out the window for a while.
  • #511,412
  • Feb 11, 2020 2:58am Feb 11, 2020 2:58am
Quoting Ra.
she looks like she's ready to go for another rally pour la bulls.
i’m waiting another bears
just for a cup of coffee...
  • #511,413
  • Feb 11, 2020 2:59am Feb 11, 2020 2:59am
2894 is important as good as GDP news. break of 2894.... down, if 2894 holds, then up. Decide yourself.

Break out trade is easier trade today.

2894 or 1922
Intraday only.
  • #511,414
  • Feb 11, 2020 3:00am Feb 11, 2020 3:00am
Quoting akim0895
{quote} i’m waiting pour la bears
I am with you..65 % chance bears, 35 % chance for bulls.
Intraday only.
  • #511,415
  • Feb 11, 2020 3:04am Feb 11, 2020 3:04am
2875 first, then in NY 2837
Intraday only.
  • #511,416
  • Feb 11, 2020 3:07am Feb 11, 2020 3:07am
Quoting navk
{quote} I am with you..65 % chance bears, 35 % chance for bulls.
Best you take out your sleeping bag
Charts don't drive price, market conditions drive price...
  • #511,417
  • Feb 11, 2020 3:09am Feb 11, 2020 3:09am
Quoting akim0895
{quote} i’m waiting another bears
i have a setup in mind.. if I see it I'm going to take it.
  • #511,418
  • Feb 11, 2020 3:09am Feb 11, 2020 3:09am
Quoting navk
2875 first, then in NY 2837
need more confirmation.. i think until GDP realese
  • #511,419
  • Feb 11, 2020 3:09am Feb 11, 2020 3:09am
Quoting Guztro
{quote} Best you take out your sleeping bag
I have pillow, good one. Not .....bag. Let us concentrate on either side break. I am ready for both. I am with you as well as Akim
Intraday only.
  • #511,420
  • Feb 11, 2020 3:10am Feb 11, 2020 3:10am
Quoting corongumet
{quote} need more confirmation.. i think until GDP realese
agreed, more chance for bears, but I am ready for both today.
Intraday only.
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