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Cable Update (GBPUSD)

  • #512,401
  • Feb 21, 2020 4:38pm Feb 21, 2020 4:38pm
Quoting corongumet
{quote} Amazing. I get stop loss and market going to my Taking profir...
that normal in forex....

that y i use SL to manual cut loose...
  • #512,402
  • Feb 21, 2020 5:19pm Feb 21, 2020 5:19pm
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  • #512,403
  • Feb 21, 2020 11:11pm Feb 21, 2020 11:11pm
Quoting zauha4
{quote} that normal in forex.... that y i use SL to manual cut loose...
I tried recalculating about stop loss
  • #512,404
  • Feb 21, 2020 11:31pm Feb 21, 2020 11:31pm
not seeing it yesterday as already off , so it take the daily support / double bottom to bounce for time being , so more correction try possible before next tanking . extreme turmoils for sure . take care
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,405
  • Feb 22, 2020 5:29am Feb 22, 2020 5:29am
Next week's plan.
the indi is 50 sma
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yes yes yes
  • #512,406
  • Feb 22, 2020 8:37am Feb 22, 2020 8:37am
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  • #512,407
  • Edited 7:48pm Feb 22, 2020 11:40am | Edited 7:48pm
nothing changed, could go 13070-50
could stay in that range ,
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,408
  • Edited Feb 23, 2020 12:13am Feb 22, 2020 9:33pm | Edited Feb 23, 2020 12:13am
Oh! I see it lately, the usdx, it almost ending the big candle/spike up to start bear the way as it went up, still to signal and intial confirmation at 99.56/48 for further down. Still can extend up though but seems very unlikely near impossible as of weekly chart, evening star in place. So it dirrectly affect gold to correct towards 1577 though posing strong bull, and gbpusd ranges continues . Lets see
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #512,409
  • Feb 23, 2020 4:32am Feb 23, 2020 4:32am
Cable still very much stuck in a range-bound market. A break through 1.3069 and a close on it's high and there could be an argument made for a re-test of 1.340. Not much risk-reward here on offer. Better setup on the GBPJPY on offer last week, with a near neutral swap for a longer hold:
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  • #512,410
  • Feb 23, 2020 9:05am Feb 23, 2020 9:05am
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  • #512,411
  • Feb 23, 2020 9:09am Feb 23, 2020 9:09am
#GBPUSD / H4
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  • #512,412
  • Feb 23, 2020 11:00am Feb 23, 2020 11:00am
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  • #512,413
  • Feb 23, 2020 3:07pm Feb 23, 2020 3:07pm
Well, as I expected the pound to open in the Gap Down towards the 50 sma band.
I deliberately made sure my new deposit will update after the London open.
I want to be able to go in just for the rising move , and not try to catch the retracement as I always do .
up up and we go at the late lodon session or even ny session
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yes yes yes
  • #512,414
  • Feb 23, 2020 3:39pm Feb 23, 2020 3:39pm
Here's my take on the GBPUSD market. The GBPUSD market is technically in consolidation. On the H4 time frame, price action since New York session on Thursday has printed mainly bullish candlesticks. However, the last session on Friday printed a relatively small bearish candlestick. Technically, it points to a market in consolidation even though we have a bullish momentum presently. Any further bullish drive, however, may face a challenge a few pips above the present location because of the ‘wicky’ patterns around the 1.29950/1.30580 congestion zone (magenta).

As a swing trader, I am stepping aside from the GBPUSD market for now. How price action handles the 1.29950/1.30580 congestion zone (magenta) will be of interest to me. A northward breach of the zone will mean patient waiting until the wedge (blue) resistance trendline is reached; while a bearish setup at the zone will pique my interest in a sell trading opportunity.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #512,415
  • Feb 23, 2020 10:19pm Feb 23, 2020 10:19pm
Quoting Bones
nothing changed, could go 13070-50 could stay in that range , {image} {image} {image}
if it break the 1.3070 in 5 strong bullish wave I would say the downtrend finished. but until now things are bearish

I attached 2 charts its a scenario one of my friends did and he expect very bearish drop and we wont see 1.35 area again first at least 2 quarters of 2020. tell me what u think

about GBPJPY I am thinking it should max out between 145.20 to 147.20 and big drop coming to 136 to 139. what's your future expectation ?
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  • #512,416
  • Feb 23, 2020 11:18pm Feb 23, 2020 11:18pm
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yes yes yes
  • #512,417
  • Feb 23, 2020 11:24pm Feb 23, 2020 11:24pm
Quoting msniper
{quote} if it break the 1.3070 in 5 strong bullish wave I would say the downtrend finished. but until now things are bearish I attached 2 charts its a scenario one of my friends did and he expect very bearish drop and we wont see 1.35 area again first at least 2 quarters of 2020. tell me what u think about GBPJPY I am thinking it should max out between 145.20 to 147.20 and big drop coming to 136 to 139. what's your future expectation ? {image} {image}
Dunno about GBPJPY... covid-19 resistant even if it kills 7billion people... machines takeover and take SPX to 10,000.
  • #512,418
  • Edited 12:30am Feb 24, 2020 12:00am | Edited 12:30am
cable daily is mostly a $ candle ,but $ will take some turning ,that daily last week on EU with the gap down .Weekly EU is false
I don't think cable can go into uptrend while $ is that strong,GBP itself is at a major pivot,It could continue to consolidate...
all $ pairs carry a bearish monthly, including cable
The next cable candle D1 is bear it can continue with weekly
This week I think Uk set out its ambitions for the deal which we already know Eu reject
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,419
  • Edited 12:14am Feb 24, 2020 12:04am | Edited 12:14am
I think ill wait to see todays candle gbp jpy,but UJ is at a pivotal space

Quoting msniper
{quote} if it break the 1.3070 in 5 strong bullish wave I would say the downtrend finished. but until now things are bearish I attached 2 charts its a scenario one of my friends did and he expect very bearish drop and we wont see 1.35 area again first at least 2 quarters of 2020. tell me what u think about GBPJPY I am thinking it should max out between 145.20 to 147.20 and big drop coming to 136 to 139. what's your future expectation ? {image} {image}
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #512,420
  • Feb 24, 2020 12:19am Feb 24, 2020 12:19am
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