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Cable Update (GBPUSD)

  • #512,361
  • Feb 20, 2020 2:38pm Feb 20, 2020 2:38pm
I think 14500 is the max ,but thats a major level itself, showing weakness

Quoting msniper
{quote} why whats your expectation ? its 112 now it will keep going 113 and 114 without retracement ? I just think 112.80 area is good area for 200 to 400 pips retracement
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,362
  • Feb 20, 2020 5:51pm Feb 20, 2020 5:51pm
Daily looks very bearish with a stronger lower low.
Friday to be bearish also?
  • #512,363
  • Feb 20, 2020 7:29pm Feb 20, 2020 7:29pm
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,364
  • Feb 21, 2020 1:02am Feb 21, 2020 1:02am
hypothesis1
liquidity = price magnet.
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At its best, change itself becomes a lifestyle.
  • #512,365
  • Feb 21, 2020 1:15am Feb 21, 2020 1:15am
Quoting olderekg
hypothesis1 liquidity = price magnet. {image} {image}
Hi olderekg, if you place a FIB on the weekly pointing down, you will clearly see what's busy happening here.

Trade Safe.
Guz
Charts don't drive price, market conditions drive price...
  • #512,366
  • Feb 21, 2020 1:46am Feb 21, 2020 1:46am
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yes yes yes
  • #512,367
  • Feb 21, 2020 2:12am Feb 21, 2020 2:12am
Another day for selling
  • #512,368
  • Feb 21, 2020 2:30am Feb 21, 2020 2:30am
Quoting photoshop
Another day for selling
long and short for me....
  • #512,369
  • Feb 21, 2020 3:05am Feb 21, 2020 3:05am
Quoting corongumet
{quote} long and short for me....
2950 a target for bulls.
Maybe 1.3, but too much I think.
  • #512,370
  • Feb 21, 2020 3:40am Feb 21, 2020 3:40am
Buy
SL 1.2800 (in the event of sharp falls it will close sooner)
TP (will depend on the market situation)
  • #512,371
  • Feb 21, 2020 4:02am Feb 21, 2020 4:02am
buy stop 1.29268
SL: 1.28842
TP: 1.29718

Sell Stop 1.28842
SL: 1.29268
TP: 1.28392
  • #512,372
  • Feb 21, 2020 4:29am Feb 21, 2020 4:29am
A bullish barrier on the daily to be mindful of
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  • #512,373
  • Feb 21, 2020 4:58am Feb 21, 2020 4:58am
Hot
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  • #512,374
  • Feb 21, 2020 5:09am Feb 21, 2020 5:09am
Inserted Video
  • #512,375
  • Feb 21, 2020 5:35am Feb 21, 2020 5:35am
Quoting OnlineAddict
2850 -> 3050
Halfway there.
Everyone can see the chart, but only a few can actually read it.
  • #512,376
  • Feb 21, 2020 5:38am Feb 21, 2020 5:38am
Quoting OnlineAddict
{quote} Halfway there.
3068
Charts don't drive price, market conditions drive price...
  • #512,377
  • Feb 21, 2020 5:38am Feb 21, 2020 5:38am
Quoting Bones
{image}
this is my final words for GBP we are in the final stages in this drop before a new rally will start to break the preview high above 1.36

I would suggest breaking the buy positions between 1.25 area to 1.27 area because its really tuff to estimate or guess the bottom but the area I mentioned is the expected bounce area

incase we don't go that deep and 1.3070 is penetrated (with a 5 waves rally) then it will indicate that the bottom is done and there is no more down
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  • #512,378
  • Feb 21, 2020 6:31am Feb 21, 2020 6:31am
Quoting OnlineAddict
{quote} Halfway there.
2950 > 2850
  • #512,379
  • Feb 21, 2020 6:37am Feb 21, 2020 6:37am
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yes yes yes
  • #512,380
  • Feb 21, 2020 6:45am Feb 21, 2020 6:45am
GU
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