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Cable Update (GBPUSD)

  • #520,781
  • May 15, 2020 3:54pm May 15, 2020 3:54pm
Quoting ricmaj
Is like many here don't want it to fall further. 21221/20650 is next print for d next up move.

Check my earlier statements. It might be wrong!!!!
Keep the Lights on then you can catch the rise from the dark.
  • #520,782
  • May 15, 2020 3:55pm May 15, 2020 3:55pm
Hey guys, just seeing the chart. It is friday. One direction. On monday, expect 1.2200.
Usually on fridays never trade against the trend.
It is just that there are no buyers now. On monday, some will find this price cheap and start buying.
Intraday only.
  • #520,783
  • May 15, 2020 3:59pm May 15, 2020 3:59pm
Quoting navk
Hey guys, just seeing the chart. It is friday. One direction. On monday, expect 1.2200. Usually on fridays never trade against the trend. It is just that there are no buyers now. On monday, some will find this price cheap and start buying.
i'm sure there will be a pip gap down and lot of people's account will be burned over the weekend, God help us all
  • #520,784
  • May 15, 2020 4:02pm May 15, 2020 4:02pm
Easy buy...many retail newbs scared into selling into eternity, so it will go up. Possible gap up, too.
Everyone can see the chart, but only a few can actually read it.
  • #520,785
  • May 15, 2020 4:03pm May 15, 2020 4:03pm
Wow that weekly candle close is something
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20200516_000134.jpg Size: 97 KB
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #520,786
  • May 15, 2020 4:03pm May 15, 2020 4:03pm
See where the price has closed. So, they know where to close. They know 1.2100 when asia opened.
Only we do not know.
Anyways, do not get scared. It will reverse.
Intraday only.
  • #520,787
  • May 15, 2020 4:05pm May 15, 2020 4:05pm
Quoting Almo2312
Wow that weekly candle close is something {image}
I would love to know your prediction on the coming week
  • #520,788
  • May 15, 2020 4:06pm May 15, 2020 4:06pm
Quoting epzero
{quote} it's time to look towards the downside and get some profit
Selling this pair now will be trap of the decade, a bounce to 1.2210 is expected from here which can now be met with a small sell to 1.2035 region.... After this price will jump with aggression to 1.2745. this is a Marathon not a sprint.
Data + Stat + Risk/Emotions Management
  • #520,789
  • May 15, 2020 4:06pm May 15, 2020 4:06pm
Quoting Almo2312
Wow that weekly candle close is something {image}
The retailers got fooled by that number. 1.2162.
Intraday only.
  • #520,790
  • May 15, 2020 4:13pm May 15, 2020 4:13pm
Quoting makl
{quote} I would love to know your prediction on the coming week
I am still bearish for this pair but honestly i short term trader i not searching the tons of pips by waiting weeks or month's i trade each day by itself..but bottom line its look
Indeed bearish to me ,retrace will be i guess and i will Hunt them but with the trend.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #520,791
  • May 15, 2020 4:15pm May 15, 2020 4:15pm
1.2100 was targeted.
There was a lot of volume there.
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #520,792
  • May 15, 2020 4:15pm May 15, 2020 4:15pm
Quoting ricmaj
{quote} every candlestick has an high to low with a min/max levels, depending on the outcome of things along the points of action. GU could still fall another 320 from here if certain levels are held. Only if you understand the limit state of collapse in price action.
We are getting to the tail end of the bearish move, towards the end price often show massive aggression to scare retail traders off and take profit which will be many retail traders loss. 1.2745 withing 3-6 weeks, then 1.35 by October/November. This might sound like a joke but it will happen. Cheers
Data + Stat + Risk/Emotions Management
  • #520,793
  • May 15, 2020 4:23pm May 15, 2020 4:23pm
Quoting Almo2312
{quote} I am still bearish for this pair but honestly i short term trader i not searching the tons of pips by waiting weeks or month's i trade each day by itself..but bottom line its look Indeed bearish to me ,retrace will be i guess and i will Hunt them but with the trend.
Thanks for the feed back ))
  • #520,794
  • May 15, 2020 4:25pm May 15, 2020 4:25pm
Quoting navk
{quote} The retailers got fooled by that number. 1.2162.
not me..

great weekend buddy
just for a cup of coffee...
  • #520,795
  • May 15, 2020 4:30pm May 15, 2020 4:30pm
hope buyer get their lesson this week..
but for scalper it fine..
only intraday and swings traders that hurt by the market..
just for a cup of coffee...
  • #520,796
  • May 15, 2020 4:36pm May 15, 2020 4:36pm
Quoting Georginson
Maximum range of last 6 weeks attained (1.2437 - 1.2114) 323 Pips. 4 Hours RSI read 28.6 which reads extreme oversold. Take off after these scenarios are usually between 200 - 450 pips. 1.2314 - 1.2564 expected levels...
Don't trade based on the statistics especially for GU, its movement is unpredictable .... lol
  • #520,797
  • May 15, 2020 5:16pm May 15, 2020 5:16pm
Quoting navk
{quote} The retailers got fooled by that number. 1.2162.
No we never lol
  • #520,798
  • May 15, 2020 5:29pm May 15, 2020 5:29pm
Lost 80% of my account. Really wish someone can assist me with $200. Not for trading
  • #520,799
  • May 15, 2020 5:33pm May 15, 2020 5:33pm
Patterns are broken.
Support is broken.


Now is not the time to be hopeful.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Compulsions can be hard to resist
  • #520,800
  • May 15, 2020 5:43pm May 15, 2020 5:43pm
Guys

imo,
this pattern is very dangerous for any buy positions...

( double top pattern and broken supports by weekly candle ! )

Attached Image (click to enlarge)
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