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Cable Update (GBPUSD)

  • #512,281
  • Feb 20, 2020 12:06am Feb 20, 2020 12:06am
Quoting navk
{quote} TODAY RETRACE DAY. tOMORROW FRIDAY, TREND DAY.
possible opposite too to ready for next week tanking .
Attached Image (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,282
  • Feb 20, 2020 12:32am Feb 20, 2020 12:32am
short 1.2897
Don't trade what you think. Just what you see!!!
  • #512,283
  • Feb 20, 2020 12:39am Feb 20, 2020 12:39am
Quoting Theoak
short 1.2897
Out + 5.5 pips

A lot of resistance at this level, Could break or spring up!!!
Don't trade what you think. Just what you see!!!
  • #512,284
  • Feb 20, 2020 12:42am Feb 20, 2020 12:42am
A trend is more likely to continue than reverse and each swing will make a new low , lower than the previous low


2820 and maybe lower is the target, maybe a small minor retrace on the way.


If we get a close below 2820 then for sure after a pb it will go lower
Follow The Markets Structure - Patience and Discipline
  • #512,285
  • Feb 20, 2020 12:42am Feb 20, 2020 12:42am
yea I thought about it ,obviously thats a major area ,just how that daily took it
I'm not sure retail sales matters ,the way its acting maybe not good

Quoting msniper
{quote} I am bearish with you but do you think GBPUSD can make a dirty move to shake the market by going up between 1.3070 to 1.3150 before dropping again to 1.28 and lower ? I am not saying it will happened for sure but I am just talking about the possibilities
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,286
  • Feb 20, 2020 12:45am Feb 20, 2020 12:45am
maybe all the talk of virus keeps people at home ,if it takes the low its very bearish ,as the weekly failed outright ,no turning back this week or next
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,287
  • Feb 20, 2020 1:02am Feb 20, 2020 1:02am
1st short 1.2906
2nd 1.2908
Don't trade what you think. Just what you see!!!
  • #512,288
  • Feb 20, 2020 1:25am Feb 20, 2020 1:25am
Sell limit 1.2945 and 1.2933
  • #512,289
  • Feb 20, 2020 1:28am Feb 20, 2020 1:28am
Wish me luck
Long on GU
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  • #512,290
  • Feb 20, 2020 1:30am Feb 20, 2020 1:30am
Quoting SCopier
Wish me luck Long on GU {image}
same bro..im long 2890...
  • #512,291
  • Feb 20, 2020 1:35am Feb 20, 2020 1:35am
Quoting Theoak
1st short 1.2906 2nd 1.2908
Played it like a chump---- busted +13 + 15 = -28 pips
Don't trade what you think. Just what you see!!!
  • #512,292
  • Feb 20, 2020 1:41am Feb 20, 2020 1:41am
this is it
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Intraday only.
  • #512,293
  • Edited 2:07am Feb 20, 2020 1:44am | Edited 2:07am
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yes yes yes
  • #512,294
  • Feb 20, 2020 1:48am Feb 20, 2020 1:48am
Quoting Theoak
{quote} Played it like a chump---- busted +13 + 15 = -28 pips
1st long in at 1.2909
Don't trade what you think. Just what you see!!!
  • #512,295
  • Feb 20, 2020 1:50am Feb 20, 2020 1:50am
back to brekout low 1.2870
  • #512,296
  • Feb 20, 2020 1:56am Feb 20, 2020 1:56am
Quoting Moty
{image}
Despite better CPI yesterday and better Retail Sales today, GBP is falling. What is going on?
  • #512,297
  • Feb 20, 2020 2:05am Feb 20, 2020 2:05am
Quoting Theoak
{quote} 1st long in at 1.2909
out 8 pip loss
Don't trade what you think. Just what you see!!!
  • #512,298
  • Feb 20, 2020 2:17am Feb 20, 2020 2:17am
not about the data, its about no deal
deadlock situ
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot 2020-02-20 at 10.16.59.png Size: 24 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,299
  • Feb 20, 2020 2:20am Feb 20, 2020 2:20am
Quoting Bones
not about the data, its about no deal deadlock situ {image} {image}

Although i am not bothered one way or the other about fundamentals at least when it comes to trading decisions, i would agree, based on rhetoric of the eu and gb negotiators, no deal is back on the table.

Hence the price tells you all you need to know without fundamental bs or bats
Follow The Markets Structure - Patience and Discipline
  • #512,300
  • Feb 20, 2020 2:20am Feb 20, 2020 2:20am
?
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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