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Cable Update (GBPUSD)

  • #512,161
  • Feb 18, 2020 2:02pm Feb 18, 2020 2:02pm
Quoting elbert3
Eu just hit my target 10788 which posted over 9 months now so will GU follow suit target 2750 area and below . Further lows EU Possible1.065
That above post the gap was created in around July 2017 and I think 2158 on GU is also a gap . But we know there is a bigger open gap above from a few weeks ago
  • #512,162
  • Feb 18, 2020 2:33pm Feb 18, 2020 2:33pm
Quoting Moty
the gu has Lost connection to the index dollar and the euro pound , there no point to look at them. gu and eg still have Reverse correlation but there is no point in considering Euro Pound support or ressisdences. you may be able to use the Pivot lines in both because, for example, S2 in the Pivot which supported Euro Pound, is equivalent to the R1 daily in Gu. {image} {image} {image}

Thats a good chart , you could be right but in truth there is nothing definitive as of yet , whoever is running this cable price action is playing it very tricky and i would anticipate a very large move soon , letz see which way it breaks, for long that 3070 area is key, if the hourly starts moving up again after todays dip then there might be some confluence building for the break above 3070, short side nothing concrete there as of yet but a definitive break below 2940 would be key.
Follow The Markets Structure - Patience and Discipline
  • #512,163
  • Feb 18, 2020 2:41pm Feb 18, 2020 2:41pm
Should i teach u to go for 1.29699
  • #512,164
  • Feb 18, 2020 3:25pm Feb 18, 2020 3:25pm
bull flag H4
first target 1.31

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  • #512,165
  • Feb 18, 2020 4:59pm Feb 18, 2020 4:59pm
Attached Image (click to enlarge)
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I think we are going to see the sub 1.29 levels before looking at 1.31+

Not entered yet but will be short.
Keep it simple stupid
  • #512,166
  • Feb 18, 2020 5:38pm Feb 18, 2020 5:38pm
Closed position BE
Quoting humilityform
Shorting; @1.2997 1:1 TP, SL; 45 pips {image}
Shorting again @1.3000 for 45pips TP/SL.
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9 6
  • #512,167
  • Feb 18, 2020 10:16pm Feb 18, 2020 10:16pm
Closer lower yesterday, PA looks bearish to me, short from around here....
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Look Sharp/Trade Tight
  • #512,168
  • Feb 18, 2020 11:10pm Feb 18, 2020 11:10pm
Attached Image (click to enlarge)
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yes yes yes
  • #512,169
  • Feb 19, 2020 12:12am Feb 19, 2020 12:12am
Quoting ficq
i hate to see this kind of behaviour, neither bull nor bear
Some important inflation data coming out, maybe thats why.
Time is your friend; impulse is your enemy! - John Bogle
  • #512,170
  • Feb 19, 2020 1:04am Feb 19, 2020 1:04am
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  • #512,171
  • Feb 19, 2020 1:10am Feb 19, 2020 1:10am
1.2986 its the key break for gu down, if not break we gonna see 1.3090 or 1.3122 today
  • #512,172
  • Feb 19, 2020 1:21am Feb 19, 2020 1:21am
I sold, stop 3006. Probably we shall see s1 first.
Intraday only.
  • #512,173
  • Feb 19, 2020 1:41am Feb 19, 2020 1:41am
Quoting navk
I sold, stop 3006. Probably we shall see s1 first.
closed with small profit, better to trade after news release
Intraday only.
  • #512,174
  • Feb 19, 2020 1:58am Feb 19, 2020 1:58am
Quoting Lu10mg
1.2986 its the key break for gu down, if not break we gonna see 1.3090 or 1.3122 today
Close. Waiting for 1.3016 or 1.3037 to sell
  • #512,175
  • Feb 19, 2020 2:03am Feb 19, 2020 2:03am
long. stop 2990
Intraday only.
  • #512,176
  • Feb 19, 2020 2:05am Feb 19, 2020 2:05am
Sell again 1.3009
  • #512,177
  • Feb 19, 2020 2:09am Feb 19, 2020 2:09am
CPI could alter GU south movement if it comes out above or same with expectation.But will be short on rally.GU will go down.
Make it Green
  • #512,178
  • Feb 19, 2020 3:13am Feb 19, 2020 3:13am
we have bearish head and shoulders pattern now waiting for the break of neckline
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  • #512,179
  • Feb 19, 2020 3:13am Feb 19, 2020 3:13am
Waiting for news to break down to s1 maybe go lower, my sl 1.3009my tp 1.2877
  • #512,180
  • Feb 19, 2020 3:35am Feb 19, 2020 3:35am
FFFUUUDDDGGGEEEE!!!!
I just need this to kiss 2962-2965 and I'm happy for the rest of the day......
Lost....
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