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Cable Update (GBPUSD)

  • #511,801
  • Feb 13, 2020 8:55pm Feb 13, 2020 8:55pm
Quoting Georginson
{quote} I have explained this on my previous posts... Last week Friday at market close.
Sorry newbie to thread I will go and read!
  • #511,802
  • Edited 10:34pm Feb 13, 2020 10:06pm | Edited 10:34pm
So usdx virtually reached its target 99. 20 and now to fight for protect this level by not exactly close daily at, while try breaks the top 99.31 but not exact test and reject and while protecting weekly close 98.56. Anyway waiting now for rejection /reaction for both bull bear activities.h1 tf will watch for 98.94 closewise as early sign.
Corona reports yesterday false alarmed and market if reacted the news should sufficient calm down /crash here even with new high. Lets see how others doing.

Checking gbpusd as the intermediate bull target reached but not broken yet striking posing for break next. So may try breaks up it with all powers while protect 2992 limit (better with top extension over a must breaks level as of yesterday 3012 and avoid this high as such. So do or die stuation, me siding carefull bearside. False up, false down and again false up to decide next?

While eurusd as going great bear in new year lows running to next target/support 1. 0806 closewise, so low further!
Attached Images
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #511,803
  • Feb 13, 2020 10:57pm Feb 13, 2020 10:57pm
example of how pattern failed in 4hr.

This is demo though.
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Intraday only.
  • #511,804
  • Feb 13, 2020 11:06pm Feb 13, 2020 11:06pm
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yes yes yes
  • #511,805
  • Feb 13, 2020 11:51pm Feb 13, 2020 11:51pm
A spike in frankfurt open can be expected for short in London.... thereafter look to buy in NY session.

I have a small short, which I shall add in FF session.
Intraday only.
  • #511,806
  • Feb 13, 2020 11:58pm Feb 13, 2020 11:58pm
Quoting gman2929
{quote} Sorry newbie to thread I will go and read!
Do read and get back to me.
Data + Stat + Risk/Emotions Management
  • #511,807
  • Feb 14, 2020 12:04am Feb 14, 2020 12:04am
weekly pivots
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Intraday only.
  • #511,808
  • Feb 14, 2020 12:11am Feb 14, 2020 12:11am
Quoting navk
A spike in frankfurt open can be expected for short in London.... thereafter look to buy in NY session. I have a small short, which I shall add in FF session.
or spike down can be bought.

Intraday only.
  • #511,809
  • Edited 12:41am Feb 14, 2020 12:30am | Edited 12:41am
Cable looks set up nicely for the break out above 3070 this morning

Target will be 3153 or higher

Usually i would expect a retest as navk is saying so maybe that will happen first but the strange thing is i cant see anything that needs to be retested as it looks as if all levels below have been tested and it might just be a straight forward break out this morning,
Follow The Markets Structure - Patience and Discipline
  • #511,810
  • Feb 14, 2020 1:23am Feb 14, 2020 1:23am
I think 3181 today or 2950
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NeverGP High Return Test All Time Return: 2.0%
  • #511,811
  • Edited 2:09am Feb 14, 2020 1:38am | Edited 2:09am
Quoting pipfarm
Cable looks set up nicely for the break out above 3070 this morning Target will be 3153 or higher Usually i would expect a retest as navk is saying so maybe that will happen first but the strange thing is i cant see anything that needs to be retested as it looks as if all levels below have been tested and it might just be a straight forward break out this morning,
my setup above 1.3080
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  • #511,812
  • Feb 14, 2020 2:13am Feb 14, 2020 2:13am
Sell gu 1.3062 tp 1.3022 sl 1.3084
  • #511,813
  • Feb 14, 2020 2:32am Feb 14, 2020 2:32am
situation very complicated and so many scenarios and Elliott counts

but I tried to zoom in to the 5mins chart and we might be in triple zig zag WXYZ wave

lets see
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  • #511,814
  • Feb 14, 2020 2:35am Feb 14, 2020 2:35am
and that's the bullish scenario I am thinking if the harmonic is correct
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  • #511,815
  • Feb 14, 2020 2:36am Feb 14, 2020 2:36am
Quoting Lu10mg
Sell gu 1.3062 tp 1.3022 sl 1.3084
Cut +12 pip
  • #511,816
  • Feb 14, 2020 2:51am Feb 14, 2020 2:51am
I closed my shorts, looking to long today, but not now.
Intraday only.
  • #511,817
  • Feb 14, 2020 2:52am Feb 14, 2020 2:52am
Quoting navk
I closed my shorts, looking to long today, but not now.
yes sure....

i will open short bellow 1.2921
  • #511,818
  • Feb 14, 2020 3:12am Feb 14, 2020 3:12am
to go from consolidation to downtrend you need lower highs ,just saying
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #511,819
  • Feb 14, 2020 3:19am Feb 14, 2020 3:19am
started long GU
Intraday only.
  • #511,820
  • Feb 14, 2020 3:22am Feb 14, 2020 3:22am
FROM 3015 TO 3085/90 then down.

stop 2990
Intraday only.
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