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Cable Update (GBPUSD)

  • #511,561
  • Feb 12, 2020 5:42am Feb 12, 2020 5:42am
I'd rather have it stay bullish.

10-14 February 2020
Risk Management is of utmost importance!
  • #511,562
  • Feb 12, 2020 6:10am Feb 12, 2020 6:10am
The dx is a survivor.
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-12 14.07.31_1.jpg Size: 98 KB

Last hourly low has been broken
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-12 14.09.22_1.jpg Size: 130 KB
yes yes yes
  • #511,563
  • Feb 12, 2020 6:44am Feb 12, 2020 6:44am
GU get ready for short @1.301xx
https://www.tradingview.com/i/SHbTGEeG/
  • #511,564
  • Feb 12, 2020 6:49am Feb 12, 2020 6:49am
Going short - RSI divergence forming on 1H also 4H
Psychological level 1.3000 + 3 trend lines crossing at that point +50 and 20 ema on daily chart
  • #511,565
  • Feb 12, 2020 6:50am Feb 12, 2020 6:50am
Quoting knkie
{quote} seems like you are the one making insulting remarks. thank you for revealing your intelligence. Im out, too mush soap opera and cock fighting. cya in a few weeks or so lol
knkie, i went in at the same price as u! did u set ur SL to be?
  • #511,566
  • Feb 12, 2020 7:08am Feb 12, 2020 7:08am
the gap is close in the eg
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG.png Size: 38 KB
Click to Enlarge Name: GU.png Size: 40 KB
yes yes yes
  • #511,567
  • Feb 12, 2020 7:09am Feb 12, 2020 7:09am
Quoting OnlineAddict
Next week, the dollar dump may start...and that won't help GU bears.
Out of GU longs at 2990. Still expecting 3080, but I rather jump in on a retrace down.

EG seems like a good long at 8400, but I will wait a bit more...
Everyone can see the chart, but only a few can actually read it.
  • #511,568
  • Feb 12, 2020 7:30am Feb 12, 2020 7:30am
Quoting OnlineAddict
{quote} Out of GU longs at 2990. Still expecting 3080, but I rather jump in on a retrace down. EG seems like a good long at 8400, but I will wait a bit more...
Nice, I still see bullish pressure so I'm gonna hold a bit longer. What is 75lots X 100pips? Guztro was the laughing stock on this Forum last week Friday with his 75lots on GU long...they laughed for a day, I'll be smiling for months . I'll be waiting on a decent retrace, then enter long again, this time a free trade using the markets money .

Stay Green.
Guz
Charts don't drive price, market conditions drive price...
  • #511,569
  • Feb 12, 2020 7:32am Feb 12, 2020 7:32am
Quoting Guztro
{quote} Nice, I still see bullish pressure so I'm gonna hold a bit longer. What is 75lots X 100pips? Guztro was the laughing stock on this Forum last week Friday with his 75lots on GU long...they laughed for a day, I'll be smiling for months . I'll be waiting on a decent retrace, then enter long again, this time a free trade using the markets money . Stay Green. Guz
Well, when I saw all the confident bears along with the friday close, I knew we won't go straight down from there. Thats why I kept my longs open. Now, ideally we could spike above 3250 for a good short.

If US keeps pushing it down today, I might re-enter longs after London fix.
Everyone can see the chart, but only a few can actually read it.
  • #511,570
  • Feb 12, 2020 7:35am Feb 12, 2020 7:35am
the gu is dead pair walking
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 42 KB
yes yes yes
  • #511,571
  • Feb 12, 2020 8:01am Feb 12, 2020 8:01am
so still waiting breaks & hold 2951 to start down for this week. signal 2934 & confirmation 2894.take care
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_ecnH4.png Size: 25 KB
Click to Enlarge Name: GBPUSD_ecnWeekly.png Size: 24 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,572
  • Feb 12, 2020 8:07am Feb 12, 2020 8:07am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 43 KB
yes yes yes
  • #511,573
  • Feb 12, 2020 8:08am Feb 12, 2020 8:08am
Quoting fontu
so still waiting breaks & hold 2951 to start down for this week. signal 2934 & confirmation 2894.take care {image} {image}
fontu, the bulls are not done yet.

Stay Green.
Guz
Charts don't drive price, market conditions drive price...
  • #511,574
  • Feb 12, 2020 8:10am Feb 12, 2020 8:10am
Quoting Moty
{image}
Need more signal, maybe 1.27 can touch this week but its not 100% true
  • #511,575
  • Feb 12, 2020 8:12am Feb 12, 2020 8:12am
Quoting Guztro
{quote} fontu, the bulls are not done yet. Stay Green. Guz
ok will watch 2926 for it , if not done yet and it not starts the bear too.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 45 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,576
  • Feb 12, 2020 8:21am Feb 12, 2020 8:21am
if the price manages to close below 2950, tomorrow would be bearish
Intraday only.
  • #511,577
  • Feb 12, 2020 8:26am Feb 12, 2020 8:26am
Quoting navk
if the price manages to close below 2950, tomorrow would be bearish
I don't think it depends on GU at this point...EU is at a very strong support and can easily spike up 150-200 pips...I wouldn't want to short GU while I expect EU to go up.

And dollar is just about to collapse, too.
Everyone can see the chart, but only a few can actually read it.
  • #511,578
  • Feb 12, 2020 8:32am Feb 12, 2020 8:32am
Unless you are a scalper, be wary of the see saw in the GBPUSD market at the moment.

KP
Do your homework, follow the footprints of smart money
  • #511,579
  • Feb 12, 2020 8:43am Feb 12, 2020 8:43am
Quoting navk
if the price manages to close below 2950, tomorrow would be bearish
or today
warning : the last candle is prediction
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 24 KB
yes yes yes
  • #511,580
  • Edited 9:15am Feb 12, 2020 8:49am | Edited 9:15am
Quoting OnlineAddict
{quote} I don't think it depends on GU at this point...EU is at a very strong support and can easily spike up 150-200 pips...I wouldn't want to short GU while I expect EU to go up. And dollar is just about to collapse, too.
ok may applicable for eurusd as yearly low test , and more lows still possible though( if breaks 1.0978 , then next low goes to 1.0806 & 1.0728) but not in the case of gbpusd , it likely correct enough before bouncing try if next at 2532 or even low & new lows possible there too.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 56 KB
Click to Enlarge Name: EURUSDDaily.png Size: 43 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
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