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Cable Update (GBPUSD)

  • #511,641
  • Feb 12, 2020 3:10pm Feb 12, 2020 3:10pm
Good chance we start the next impulse to the downside from here. We had 2 last week and we got the correction of the second impulse since the start of this week up to 1.299 which is the 61.8 fib level and price got rejected from there. Next target for me would be 1.278.

I am mostly just a daytrader so I trade what I see but its hard to deny that we are in a downtrend since the start of the month(brexit) especially after we broke 1.29 last week and failed to bounce from multiple supports that were holding in previous weeks. And of course we needed a correction of last weeks sharp move, that doesnt mean bulls are in control. Fundamentals will drag the gbp lower for a few more weeks imo. When this gets resolved gbp could even push to 1.4 until the end of the year but for now I stay with my bearish view.
  • #511,642
  • Feb 12, 2020 3:12pm Feb 12, 2020 3:12pm
Coreg2004, since you are still logged in, thanks for charts, I enjoyed all of them. You are the Jedi of EW. Moty, keep it real, you are on the right track buddy. Knkie and Navk keep it pipping, wish you all the best.

Cheers
Guztro
Charts don't drive price, market conditions drive price...
  • #511,643
  • Feb 12, 2020 3:15pm Feb 12, 2020 3:15pm
Gj give more Clearer view.
same pattern like the gu in the daily chart
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 33 KB
Click to Enlarge Name: GU1.png Size: 33 KB
yes yes yes
  • #511,644
  • Edited 3:51pm Feb 12, 2020 3:22pm | Edited 3:51pm
Im going to update my view like this place should be ,steep tl broke after break lower ,immediate trend down in tact
I did think about it and talk about it hence the arrow ,
based on the weekly last week it is possible to change the weekly-but not if goes higher
tomorrow must be controlled by bears ,upper wick to D1 right now=which wasn't there when first engage no history Guztro, he won't update that chart for that reason...

Quoting Bones
broke weekly {quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-4-hours.png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,645
  • Feb 12, 2020 3:29pm Feb 12, 2020 3:29pm
Quoting Guztro
Coreg2004, since you are still logged in, thanks for charts, I enjoyed all of them. You are the Jedi of EW. Moty, keep it real, you are on the right track buddy. Knkie and Navk keep it pipping, wish you all the best. Cheers Guztro
Guztro, all the best to you...and Always trade your plan.
Always trade your own plan...I don't provide trading signals.
  • #511,646
  • Feb 12, 2020 3:40pm Feb 12, 2020 3:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU1.png Size: 45 KB
yes yes yes
  • #511,647
  • Feb 12, 2020 4:28pm Feb 12, 2020 4:28pm
Quoting Bones
pivots wrong ,its bearish this rally is for the noobs ,the weekly broke {quote}
1.2970 is my critical line. Looks like it failed. Still holding shorts.

But. What's going on? Super word fights over all this!

Thanks for the heads up.
Gone to a better place
  • #511,648
  • Feb 12, 2020 5:40pm Feb 12, 2020 5:40pm
yea same as that ,I'm looking for solid bear candles next h4

Quoting smikester
{quote} 1.2970 is my critical line. Looks like it failed. Still holding shorts. But. What's going on? Super word fights over all this! Thanks for the heads up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,649
  • Feb 12, 2020 5:41pm Feb 12, 2020 5:41pm
I think the up is for one purpose, its bearish under that line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Daily.png Size: 39 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,650
  • Feb 12, 2020 5:45pm Feb 12, 2020 5:45pm
Quoting smikester
{quote} 1.2970 is my critical line. Looks like it failed. Still holding shorts. But. What's going on? Super word fights over all this! Thanks for the heads up.
For me exactly same line, "Last kiss line", but price quickly comeback,so maybe it's holding
  • #511,651
  • Feb 12, 2020 5:46pm Feb 12, 2020 5:46pm
To answer your point
I don't see any benefit in having public page at all ,only downsides ,
I'm trading pro real time which I don't think is compatible and options is the vehicle since I can limit my risk on higher tf
I have a weekly put option,
Quoting OnlineAddict
{quote} My trades are public, unlike yours. I closed my worst GU trade with the loss of 1.5 pips. Stop acting like a troll desperate for attention.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,652
  • Feb 12, 2020 8:16pm Feb 12, 2020 8:16pm
I shall buy GU today above daily S1 , 1.2938

2950 will break and that could happen in fankfurt open, so London would be buy.
Intraday only.
  • #511,653
  • Edited 10:30pm Feb 12, 2020 10:15pm | Edited 10:30pm
Eu is in freefall ,usd is bullish ,weekly last was bearish looking ,usd index I think is up to 100
hang man + conformation
major level res ,not support

You need to see strong bear h4 to see this break the weekly, the chart needs to show conviction
Attached Image (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-4-hours.png Size: 41 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,654
  • Feb 12, 2020 10:23pm Feb 12, 2020 10:23pm
here's the bullish failure eu ,then the weekly looks like this
I thought cable could do that
But cable fights that large up
and has some look left problem
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-Weekly.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,655
  • Feb 12, 2020 11:31pm Feb 12, 2020 11:31pm
Quoting Moty
15 pips from the support at the eg, Although the false break in eg{image} break of 1.29509 tommorow and the drop will begin . very nice hanging man berrish candle today {image}
28 pips and counting .
remember , 0.83867 it the eg Caused the pound to drop 200 and 3000 pips in the past
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.png Size: 27 KB
Click to Enlarge Name: GU1.png Size: 39 KB
Click to Enlarge Name: EG.png Size: 36 KB
yes yes yes
  • #511,656
  • Feb 12, 2020 11:32pm Feb 12, 2020 11:32pm
up or down..... the PA is very slow, not able to imagine this pair is GU.
Intraday only.
  • #511,657
  • Feb 12, 2020 11:55pm Feb 12, 2020 11:55pm
OH. OK
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 41 KB
Click to Enlarge Name: GBPUSDH1.png Size: 41 KB
Intraday only.
  • #511,658
  • Edited 12:31am Feb 13, 2020 12:17am | Edited 12:31am
so a top bull set up play for gbpusd still, not checked the usdx situation & gold yet may have surged up with more & real apprehension over new COVID-19 yesterday extreme & sudden outburst as expected but out of proportion.lets see
yeah gold spike up a little too!
usdx jumped but apparently make d top in smaller tf , but still not reached the target next yet, may do further bull without care much. !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 48 KB
Click to Enlarge Name: GOLDDaily.png Size: 49 KB
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,659
  • Feb 13, 2020 12:29am Feb 13, 2020 12:29am
Am i the only one that see that ?
Yesterday low has been broken and now we facing a potential evening star pattern at the daily chart right at significant ressistence at 1.3000 area.
Off course the crook turned at 1.29900 yesterday to leave the pending orders waiting at 1.3000.
As long as price is under 1.29509 we are in bears territory
Frank furt open will end all doubts
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-02-13 08.35.17_1.jpg Size: 134 KB
yes yes yes
  • #511,660
  • Feb 13, 2020 12:30am Feb 13, 2020 12:30am
Quoting navk
OH. OK {image} {image}
Im join with you
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