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Cable Update (GBPUSD)

  • #511,661
  • Feb 13, 2020 1:02am Feb 13, 2020 1:02am
Quoting fontu
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. ! {image} {image} {image}
Im relatively new to trading ( 3 year) . And im always admired people who can see the chart like you. I mean full of trend line, and zooming out. Im sure u see everything that u want to see, but can i ask you, how many years is behind you? And how you can do it? And again its not a tease, its admiration! Thank you
Time is your friend; impulse is your enemy! - John Bogle
  • #511,662
  • Feb 13, 2020 1:11am Feb 13, 2020 1:11am
Quoting Moty
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 {image}
the real pressure still not comes up for gbpusd but it should be great next & beyond imagination even possible . take care . eurgbp still one leg dawn to 0.8330 before fully ready for UP towards 0.8780 & real divergence may be more visible within eur & gbp currencies . now though bear leg start below 2951 yet need break a nominal support 2940 & conformation 2932 for bottom play. spike up ok if for previous top/2990 here over 2940,take care
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,663
  • Edited 1:43am Feb 13, 2020 1:22am | Edited 1:43am
Quoting fontu
{quote} the real pressure still not comes up for gbpusd but it should be great next & beyond imagination even possible . take care . eurgbp still one leg dawn to 0.8330 before fully ready for UP towards 0.8780 & real divergence may be more visible within eur & gbp currencies . now though bear leg start below 2951 yet need break a nominal support 2940 & conformation 2932 for bottom play. spike up ok if for previous top/2990 here over 2940,take care {image} {image}
The break up is coming.
Gu is still below the 200 ema in the 15 m and the pivot line at 1.29663
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yes yes yes
  • #511,664
  • Feb 13, 2020 1:54am Feb 13, 2020 1:54am
to early for long.. i need confirmation above 1.29969
Attached Image (click to enlarge)
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  • #511,665
  • Feb 13, 2020 2:02am Feb 13, 2020 2:02am
Gu u are one ugly MF.

took my shorts from history and long this MF
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,666
  • Feb 13, 2020 2:07am Feb 13, 2020 2:07am
The 200 ems will block price again.
I am sure.
Attached Image (click to enlarge)
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I had a feeling they will make a false break
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yes yes yes
  • #511,667
  • Feb 13, 2020 2:13am Feb 13, 2020 2:13am
Quoting Moty
The 200 ems will block price again. I am sure.{image} I had a feeling they will make a false break{image}
I dont think..i i think now it will rocket up..

Trade safe buddy
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,668
  • Feb 13, 2020 2:14am Feb 13, 2020 2:14am
Quoting Moty
The 200 ems will block price again. I am sure.{image} I had a feeling they will make a false break{image}
1.29836 WPP - currently DHIGH is 1.29840 (ICMarkets)
Focus.
  • #511,669
  • Feb 13, 2020 2:17am Feb 13, 2020 2:17am
Quoting Moty
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 {image}
it is a bull for the time being in my humble opinion.....
trading is simple but is simple is not easy.
  • #511,670
  • Feb 13, 2020 2:23am Feb 13, 2020 2:23am
Break up 2992 it goes up to 3064

Break down 2944 it goes down to 2820
Follow The Markets Structure - Patience and Discipline
  • #511,671
  • Feb 13, 2020 2:25am Feb 13, 2020 2:25am
Quoting pipfarm;12752168[B
]Break up 2992 it goes up to 3064 [/b]Break down 2944 it goes down to 2820

i go for the green one
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #511,672
  • Feb 13, 2020 2:28am Feb 13, 2020 2:28am
Daily gave a weak rejection and looks like it will test that level again. My bias is neutral right now, at least as far as risking more money is concerned.

Intraday traders should have some fun today. Good luck everyone...
Gone to a better place
  • #511,673
  • Feb 13, 2020 2:28am Feb 13, 2020 2:28am
Quoting Moty
The 200 ems will block price again. I am sure.{image} I had a feeling they will make a false break{image}
i think its not false break but, need more confirmations above 1.3005 if it break, its go to 1.3050 and go to 1.32
  • #511,674
  • Feb 13, 2020 2:28am Feb 13, 2020 2:28am
The bears are on their way down, loved the way price had to revisit the resistance .... Usd CPI News in view.....
  • #511,675
  • Feb 13, 2020 2:29am Feb 13, 2020 2:29am
Quoting Almo2312
{quote} i go for the green one

i agree that is the best looking option because 2944 low broke and tested the 2958 lower high(resistance) but will wait and see which side breaks before doing anything.
Follow The Markets Structure - Patience and Discipline
  • #511,676
  • Feb 13, 2020 2:30am Feb 13, 2020 2:30am
We're almost there - just a final push

1.29 Long
1.30 TP

Before and after attached
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  • #511,677
  • Feb 13, 2020 2:34am Feb 13, 2020 2:34am
Nice sell setup on gbpusd
99.9% persistence
  • #511,678
  • Feb 13, 2020 2:35am Feb 13, 2020 2:35am
It ll drop like a storn
99.9% persistence
  • #511,679
  • Feb 13, 2020 2:43am Feb 13, 2020 2:43am
Quoting Seleckted
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
glad i did close my trade when i saw that down mov is slowing and was on support and just few min ago opened another one at 50 ema (4h)
  • #511,680
  • Edited 2:57am Feb 13, 2020 2:44am | Edited 2:57am
Quoting Marco-Kanto
{quote} 1.29836 WPP - currently DHIGH is 1.29840 (ICMarkets)
Thanks for the reminder buddy.
The drop is here.
50 sma h&l&c is supporting and 200 sma h&l&c is ressisting.
200 in 1h is accutually the 50 at the 4h
Attached Image (click to enlarge)
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The gartly is here
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yes yes yes
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