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Cable Update (GBPUSD)

  • #511,441
  • Feb 11, 2020 3:52am Feb 11, 2020 3:52am
Quoting navk
probably no more bears today, looking upto bulls, closed my shorts for negative.
just for a cup of coffee...
  • #511,442
  • Feb 11, 2020 3:53am Feb 11, 2020 3:53am
Quoting navk
probably no more bears today, looking upto bulls, closed my shorts for negative.
It will go down
Make it Green
  • #511,443
  • Feb 11, 2020 3:56am Feb 11, 2020 3:56am
Quoting akim0895
{quote}
I do not sleep on to positions, it have moved up 47 pips already from today lows. so better to stay with bull side.
Intraday only.
  • #511,444
  • Feb 11, 2020 3:56am Feb 11, 2020 3:56am
Quoting louisfx
{quote} It will go down
it can...but that is how it goes.
Intraday only.
  • #511,445
  • Feb 11, 2020 4:05am Feb 11, 2020 4:05am
Quoting louisfx
{quote} It will go down
Just last week, very "experienced" traders in this Forum based their sells on the weekly that closed bearish. I listed all the reasons why the pound will strengthen at the back of the NFP report...believe it or not, the UK economy is in a healthier state than the US economy. The UK GDP report was just another nail in the coffin.

You are right though, it will go down...eventually.

Trade Safe.
Guz
Charts don't drive price, market conditions drive price...
  • #511,446
  • Feb 11, 2020 4:10am Feb 11, 2020 4:10am
Quoting fontu
Usdx virtually got its target by direct extension as thought before and likely continue for more targets 99 round #. So others continue down except gold as of now but likly do later if investors feel any comfort next, novel coronavirus 2019 may continue the devastating action against people and economy., take care. Though tanking perfect but gbpusd also go opposite to usdx with gold and may they next huge. Anyway watching gbpusd limits 2955/57for extension down contnue but crazily it may pullback to 3000 even. So limits to care most or one sense...
At least there is tiny breakout in smaller tf in usdx, not any enough but limit goes to 98.599 for further up above previous top. So watching 98.599 limit.
Eurusd test previous bottom 1.0904 /1.0890ok, gbpusd to further fall as 2955 still intact, real hurdle 2980 if still go crazy against the wind with gold, to 2790 to below minimum 2767!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,447
  • Feb 11, 2020 4:11am Feb 11, 2020 4:11am
Quoting Moty
The dx is about to get toasted{image} Gu broke the Asian session range to the upside{image}
It probably is, but not because your oscillator is broken.
Gone to a better place
  • #511,448
  • Feb 11, 2020 4:12am Feb 11, 2020 4:12am
Quoting Guztro
{quote} Just last week, very "experienced" traders in this Forum based their sells on the weekly that closed bearish. I listed all the reasons why the pound will strengthen at the back of the NFP report...believe it or not, the UK economy is in a healthier state than the US economy. The UK GDP report was just another nail in the coffin. You are right though, it will go down...eventually. Trade Safe. Guz
All people can see the chart, but only a few can read the chart. Everytime I see a fancy chart on FF with tons or indicators, lines and arrows...I know it most probably won't work out, because people don't know whats behind the chart.
Everyone can see the chart, but only a few can actually read it.
  • #511,449
  • Feb 11, 2020 4:14am Feb 11, 2020 4:14am
Quoting OnlineAddict
{quote} All people can see the chart, but only a few can read the chart. Everytime I see a fancy chart on FF with tons or indicators, lines and arrows...I know it most probably won't work out, because people don't know whats behind the chart.
Agree with you, hence my foot note...
Charts don't drive price, market conditions drive price...
  • #511,450
  • Feb 11, 2020 4:20am Feb 11, 2020 4:20am
Quoting OnlineAddict
{quote} All people can see the chart, but only a few can read the chart. Everytime I see a fancy chart on FF with tons or indicators, lines and arrows...I know it most probably won't work out, because people don't know whats behind the chart.
yes sure, i agree with your opinion, maybe it can be called Market Maker..... wowkwoowkok mm is important with this case
  • #511,451
  • Edited 4:38am Feb 11, 2020 4:23am | Edited 4:38am
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yes yes yes
  • #511,452
  • Feb 11, 2020 4:26am Feb 11, 2020 4:26am
2947 first, then 3050
Intraday only.
  • #511,453
  • Feb 11, 2020 4:30am Feb 11, 2020 4:30am
today close could offer a decent clue...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #511,454
  • Feb 11, 2020 4:32am Feb 11, 2020 4:32am
Still bearish...
But before that, it's possible a 2990-3025 retest.
It would make sense once price broke through Sep 2019 crescent support line last week.
Watch out.
Cheers.
Attached Image (click to enlarge)
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Hey buddy, let's grab some Pips!
  • #511,455
  • Feb 11, 2020 4:35am Feb 11, 2020 4:35am
Quoting WhiteMouseFX
Still bearish... But before that, it's possible a 2990-3025 retest. It would make sense once price broke through Sep 2019 crescent support line last week. Watch out. Cheers. {image}
break of 2985, forget bearish view for sometime in the week.
Intraday only.
  • #511,456
  • Feb 11, 2020 4:38am Feb 11, 2020 4:38am
Quoting navk
2947 first, then 3050
i dont use indicator but i think new low for this week is 1.27352 but i dont know market maker want
  • #511,457
  • Feb 11, 2020 4:40am Feb 11, 2020 4:40am
I saw it will go to 1.27xxx
  • #511,458
  • Feb 11, 2020 4:49am Feb 11, 2020 4:49am
2929
short
in wondering about yourself, you forgot what you came here to be part of
  • #511,459
  • Feb 11, 2020 4:51am Feb 11, 2020 4:51am
Price came back to test the Asian session range
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yes yes yes
  • #511,460
  • Feb 11, 2020 4:57am Feb 11, 2020 4:57am
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