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Cable Update (GBPUSD)

  • #524,221
  • May 29, 2020 12:53pm May 29, 2020 12:53pm
Quoting sangra28
Will blast upside during news

Well, Trump agrees with the strong dollar, so we have to wait ...
Of course, this is very dangerous news ...
  • #524,222
  • May 29, 2020 1:03pm May 29, 2020 1:03pm
Inserted Video
  • #524,223
  • May 29, 2020 1:52pm May 29, 2020 1:52pm
Trump speaking...wonder what the market is going to do
  • #524,224
  • May 29, 2020 2:09pm May 29, 2020 2:09pm
GU nice drop after I exit my long lol

my view GU is bullish as long above 1.2170, below 1.2170 bearish

and between 1.2470 to 1.2680 bearish

so price standing in 1.23x area its just above the support so the buying is less risky than selling until 1.2170 is taken out
  • #524,225
  • May 29, 2020 2:18pm May 29, 2020 2:18pm
Just came back to the platform and I can't see any confusion. PA is still bullish.

PA is well above H1 average (2308) and didn't cave in when it tanked.
  • #524,226
  • May 29, 2020 3:03pm May 29, 2020 3:03pm
Quoting Almo2312
{quote} i wont be suprise to see it back up ..
hmm well..
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #524,227
  • May 29, 2020 3:13pm May 29, 2020 3:13pm
I don't want to keep trades open during weekend but the first thing I will do next to week is to buy cable if its under 1.2300
  • #524,228
  • May 29, 2020 3:15pm May 29, 2020 3:15pm
The question is how high for this correction?
Lost....
  • #524,229
  • May 29, 2020 3:16pm May 29, 2020 3:16pm
Attached Image (click to enlarge)
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: guh4.png Size: 19 KB
Click to Enlarge Name: guh1.png Size: 17 KB
yes yes yes
  • #524,230
  • May 29, 2020 3:30pm May 29, 2020 3:30pm
Daily target should be anywhere from 30-50 pips or so... anything else is asking to be smashed on either side-... Would not want to be swing trading this pair either...
  • #524,231
  • May 29, 2020 3:33pm May 29, 2020 3:33pm
Quoting gespiri
The question is how high for this correction?
In most cases like this The following week will end bearish with little or no buying at all. Cable hasn't had 3 consecutive weeks of buying in 2020. So far this week makes it two consecutive weeks of buying. The bias for next week is now bearish.

Just my view not an advise for anyone.
Data + Stat + Risk/Emotions Management
  • #524,232
  • May 29, 2020 4:20pm May 29, 2020 4:20pm
Quoting Georginson
{quote} In most cases like this The following week will end bearish with little or no buying at all. Cable hasn't had 3 consecutive weeks of buying in 2020. So far this week makes it two consecutive weeks of buying. The bias for next week is now bearish. Just my view not an advise for anyone.
it depends on how often cable has had 3 consecutive weeks of buying in previous years.
If it has occured at least once a year, then the longer it has not occurred this year raises the probability that it will occur.

thats why you should never fly with an airline that has never had an accident.
in wondering about yourself, you forgot what you came here to be part of
  • #524,233
  • May 29, 2020 4:25pm May 29, 2020 4:25pm
i think the issue with cable is the expansion occurring on H4.
I zoomed in here on H1.
There is room upward and then it depends on what price does.
It can shoot thru or collapse back to the lower expansion line
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 10 KB
in wondering about yourself, you forgot what you came here to be part of
  • #524,234
  • May 29, 2020 6:25pm May 29, 2020 6:25pm
Quoting Bydyke
Just came back to the platform and I can't see any confusion. PA is still bullish. PA is well above H1 average (2308) and didn't cave in when it tanked.
  • #524,235
  • May 29, 2020 6:41pm May 29, 2020 6:41pm
Quoting knkie
{quote} it depends on how often cable has had 3 consecutive weeks of buying in previous years. If it has occured at least once a year, then the longer it has not occurred this year raises the probability that it will occur. thats why you should never fly with an airline that has never had an accident.
  • #524,236
  • May 29, 2020 6:51pm May 29, 2020 6:51pm
Attached Image (click to enlarge)
Click to Enlarge Name: 668D2BA7-4301-409B-AFCA-AE3226BE9A93.jpeg Size: 252 KB
How do we see it ? Price broke the tl . It came back to confirm . But it never went lower . 1. Price comes high again no short .2.. what might happen .. we had a break of the day chart . So it tells us it can break but I need support.. 4 .. where does price go . Bottom tl support . Why because that’s we’re the most buyers are . 5 super rocket candle . Noah's arc . Get them all on board so we don’t go under . Under is short !!! Neck on the line 2495 to 2950 which should become higher tl
  • #524,237
  • May 29, 2020 7:33pm May 29, 2020 7:33pm
Hahaha today was so funny. Did not need to make any new trades today, staying long for the whole week. Freedom to do other things not stare at the screen for 15 hours
  • #524,238
  • May 29, 2020 10:56pm May 29, 2020 10:56pm
Attached Image (click to enlarge)
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little bit of sense, little bit of luck
Ktr Return This Month: na
  • #524,239
  • May 30, 2020 12:13am May 30, 2020 12:13am
Quoting knkie
i think the issue with cable is the expansion occurring on H4. I zoomed in here on H1. There is room upward and then it depends on what price does. It can shoot thru or collapse back to the lower expansion line {image}
I agree with this.

A rise close to 2375/ 2400 will have to be sold on Monday.
Intraday only.
  • #524,240
  • May 30, 2020 1:29am May 30, 2020 1:29am
Quoting despichtt
I think they're going to drill the krep down like hell because these trade deal rounds with Europe dont look to be productive at all Boris bluff already mentioning not to extend transition likely causing big sellings. Especialy next week as thats the round to decide wether or not to extend the transition period
Investors first like to get some positive feeling for this round of trade deal; they dont have at all. So, first things first, monday start sellings. If its gonna be some frenzy south, tuesday they will continue this pattern. They might cheer up on some positive headlines or some rabbit from Boris

Personaly, I also have strong feeling whole Islande sincking btw. Only some very weak Dollar might spoil the party; dont think so

Nice forum, I like to repeat; I was out there on investing.com forum for some time but dear, that was some horrible experience
Life is great!!
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