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Cable Update (GBPUSD)

  • #513,441
  • Edited 2:59am Mar 9, 2020 2:42am | Edited 2:59am
if it takes the gap here's my other idea from higher
Quoting msniper
congratulations Bones u did amazing job reading the market
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 000 GBPUSD-Weekly.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,442
  • Mar 9, 2020 2:43am Mar 9, 2020 2:43am
I will be surprised if we don't go down soon, later today, tomorrow.
  • #513,443
  • Mar 9, 2020 2:47am Mar 9, 2020 2:47am
its in the gap ,but you can see the daily lead up better now ,looked very bullish
reach for gap at least
Attached Image (click to enlarge)
Click to Enlarge Name: 0000 GBPUSD-Daily.png Size: 17 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,444
  • Mar 9, 2020 3:30am Mar 9, 2020 3:30am
i would only wait for daily candle to close

if below the red line its bearish and better go short

if above the red line then its bullish

i would consider this red line as a retest if we close below
Attached Image (click to enlarge)
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  • #513,445
  • Mar 9, 2020 3:43am Mar 9, 2020 3:43am
Going back to 3045
  • #513,446
  • Mar 9, 2020 3:45am Mar 9, 2020 3:45am
Are you ready for the gap close from the end of January?
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2020-03-09 10.43.46_1.jpg Size: 113 KB
yes yes yes
  • #513,447
  • Mar 9, 2020 3:46am Mar 9, 2020 3:46am
Noted the $DX seems to be stopping for air.

I'd not be very bullish GBP right now, perhaps she needs a little retrace before a long entry.
Either way, the whole story is going to relate to Oil in general terms till the OPEC banditry stops and a few people realise that the virus is not nearly as dangerous as the panic it caused.

GBP still has a no-deal Brexit to watch out for, will gold balance the threat, was a time strong gold could keep the pound from being pounded.

Risks imho are of a more bearish nature once the silliness comes to a close
  • #513,448
  • Mar 9, 2020 3:55am Mar 9, 2020 3:55am
i still have 1 bearish scenario in my mind and this scenario will fail only by breaking the top of A at 1.3290
Attached Image (click to enlarge)
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  • #513,449
  • Mar 9, 2020 4:15am Mar 9, 2020 4:15am
if it closes below 3050, it would be bearish for tomorrow.
Intraday only.
  • #513,450
  • Mar 9, 2020 4:30am Mar 9, 2020 4:30am
Quoting navk
never, ever trade against daily candle which opened gap up.
Im out of market until tommorow. Just watching
  • #513,451
  • Mar 9, 2020 4:34am Mar 9, 2020 4:34am
After FED, BOC and RBA..will BOE cut the Bank Rate on March 26th??? (now at 0,75%)
  • #513,452
  • Mar 9, 2020 4:35am Mar 9, 2020 4:35am
Attached Image (click to enlarge)
Click to Enlarge Name: 9894F282-3825-441F-B346-522ACD03103D.jpeg Size: 308 KB
take some money off here on green line target
  • #513,453
  • Mar 9, 2020 4:36am Mar 9, 2020 4:36am
Quoting corongumet
{quote} Im out of market until tommorow. Just watching
correct way to trade.

Now whatever long trade one opened in asia, they must have closed with whatever profit they have.

Next, tomorrow, if price manages to close below today open price, then a big tail would appear on top, a small trace up tomorrow should be sold for tomorrow.
Intraday only.
  • #513,454
  • Mar 9, 2020 4:41am Mar 9, 2020 4:41am
Probably ,they will have too

Quoting Vincent1
After FED, BOC and RBA..will BOE cut the Bank Rate on March 26th??? (now at 0,75%)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,455
  • Mar 9, 2020 4:42am Mar 9, 2020 4:42am
looks like pull back to me
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #513,456
  • Mar 9, 2020 5:03am Mar 9, 2020 5:03am
3142 long
m1 frame

edit: dumped it
in wondering about yourself, you forgot what you came here to be part of
  • #513,457
  • Mar 9, 2020 5:04am Mar 9, 2020 5:04am
Quoting Bones
looks like pull back to me
true 5min chart looks like pullback
  • #513,458
  • Mar 9, 2020 5:05am Mar 9, 2020 5:05am
Market has come to close the price gap as expected.

Inserted Video


Attached Image (click to enlarge)
Click to Enlarge Name: Vikinsa Forex Trading GBPUSD Close Price Gap As Expected March 08, 2020.png Size: 144 KB
Technical Analyst & Trader @ Vikinsa
  • #513,459
  • Mar 9, 2020 5:14am Mar 9, 2020 5:14am
Quoting Guztro
{quote} Nothing weird about a 30% drop in Crude Oil price sparking a price war? Also marking the single biggest one-day drop since the gulf war in 1991?
Wti is different story..
we talk here Gu not Wti or Gold mate..
just for a cup of coffee...
  • #513,460
  • Mar 9, 2020 5:24am Mar 9, 2020 5:24am
i am expecting GBPJPY bottom to be around 126.50 to 128

so based on this number if USDJPY was 100 that's mean GBPUSD will go to around 1.27 level

i doubt GJ drop only with UJ help. for sure GU will participate
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