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Cable Update (GBPUSD)

  • #513,041
  • Mar 3, 2020 3:00am Mar 3, 2020 3:00am
Quoting pipfarm
Daily close below 2768 support low and trend reversed, 4H in correction, will short if hourly starts to trend down, the last 4H swing did not trend down hence the sideways action yesterday, maybe this new 4H swing will do the job. 2585 still on the table

Not closing as 4H correction at the moment so it could be the previous 4H down swing is still in play , in this case after the H1 abcde then a simple break of the low at 2723 is all that is needed
Follow The Markets Structure - Patience and Discipline
  • #513,042
  • Mar 3, 2020 3:09am Mar 3, 2020 3:09am
Quoting msniper
{quote} whats the technical reason u expect it to go up ?
moty is just use to trading against trend
Keep the Lights on then you can catch the rise from the dark.
  • #513,043
  • Mar 3, 2020 3:17am Mar 3, 2020 3:17am
Quoting ricmaj
{quote} moty is just use to trading against trend
Moty is right, even i dont see more fall it may touch 1.27 or 1.2690 but it will bounce very fast from there so we may be wrong try yours -
if i see the sentiment of bullish changed to bearish then i will change my min and go with it - not more confusing all just waiting
for my plane - thanks for all guidance guys
To Win You Must Loss Something ...
  • #513,044
  • Mar 3, 2020 3:31am Mar 3, 2020 3:31am
Quoting msniper
{quote} whats the technical reason u expect it to go up ?
this
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yes yes yes
  • #513,045
  • Mar 3, 2020 3:35am Mar 3, 2020 3:35am
Quoting Moty
{quote}this {image} {image}
What about this Moty ? see the pic
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To Win You Must Loss Something ...
  • #513,046
  • Mar 3, 2020 3:38am Mar 3, 2020 3:38am
Quoting Moty
{quote}this {image} {image}
but that's totally different analysis than the first one

the first one u say we going up and we will not break the 1.2700 level

and this new analysis u say we can go down to 1.25 level to create the right shoulder
  • #513,047
  • Mar 3, 2020 3:51am Mar 3, 2020 3:51am
Inserted Video
  • #513,048
  • Mar 3, 2020 4:24am Mar 3, 2020 4:24am
yea we don't really know but its over 2%,only lots of countries lie and early data other countries...
CDC say thats a cat 5 pandemic ,I'm surprised we have to put up with trump dropping the flu in conversation.Wheres the CDC spokesman
USA 100 now next week 2000

Quoting knkie
{quote} 90937 infected 3117 dead fatality == 3.4% this is a very good dashboard: https://gisanddata.maps.arcgis.com/a...23467b48e9ecf6 your fatality risk depends on your age. 80+ years old 14.8% 70-79 years old 8.0% 60-69 years old 3.6% 50-59 years old 1.3% Under 50 is pretty safe.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,049
  • Mar 3, 2020 4:26am Mar 3, 2020 4:26am
it would be bearish USD if they act ,like cut rates or other package

Quoting msniper
{quote} cut or raise or not do anything can u tell us the effect if its bullish or bearish on usd. I don't understand these things hehehe
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,050
  • Mar 3, 2020 4:27am Mar 3, 2020 4:27am
look at Dow no reason to go up, its speculation
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,051
  • Edited 4:46am Mar 3, 2020 4:32am | Edited 4:46am
Are you ready?
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yes yes yes
  • #513,052
  • Mar 3, 2020 4:43am Mar 3, 2020 4:43am
The magical number 61.8 on daily EG
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  • #513,053
  • Mar 3, 2020 4:45am Mar 3, 2020 4:45am
Quoting Moty
Are you ready? {image}
double bottom 1H TF ... but dont closed above 2812 yet
  • #513,054
  • Mar 3, 2020 4:53am Mar 3, 2020 4:53am
Quoting Bones
look at Dow no reason to go up, its speculation
I think its a dead cat bounce

the bottom of Dow will be between 19000 to 22000 levels
  • #513,055
  • Mar 3, 2020 4:58am Mar 3, 2020 4:58am
Quoting Moty
Are you ready? {image} {image}
i want it to make new low first lower than 1.2725 and most probably below 1.27000 then we can think about bouncing

i personally target between 1.2620 to 1.2670
  • #513,056
  • Mar 3, 2020 5:06am Mar 3, 2020 5:06am
Long here with TP at 1.2850, SL -10
Lost....
  • #513,057
  • Mar 3, 2020 5:09am Mar 3, 2020 5:09am
Quoting chess king
{quote} double bottom 1H TF ... but dont closed above 2812 yet
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  • #513,058
  • Mar 3, 2020 5:10am Mar 3, 2020 5:10am
Quoting gespiri
Long here with TP at 1.2850, SL -10
Thats a very tight SL. Might hit.
  • #513,059
  • Mar 3, 2020 5:21am Mar 3, 2020 5:21am
Quoting larrychew
{quote} Thats a very tight SL. Might hit.
Better tight SL than a runaway loss.
Lost....
  • #513,060
  • Mar 3, 2020 5:35am Mar 3, 2020 5:35am
Quoting gespiri
{quote} Better tight SL than a runaway loss.
Yea true.
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