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Cable Update (GBPUSD)

  • #524,241
  • May 30, 2020 1:53am May 30, 2020 1:53am
gbpusd still posing bull as seems fake out not enough , and with initial hiccough usdx may continue bull try. anyway like eurusd short activated at top to see next week. usdx to bull more enough up. anyway though posing up but less reliable than good bear and anytime .Take care
Attached Images
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  • #524,242
  • May 30, 2020 2:12am May 30, 2020 2:12am
Quoting navk
{quote} I agree with this. A rise close to 2375/ 2400 will have to be sold on Monday.
Around 2400 looking for bear.
  • #524,243
  • May 30, 2020 2:35am May 30, 2020 2:35am
Quoting Gilaforex13
{quote} Around 2400 looking for bear.
yeah possible , otherwise 2725 limits test to do, hope not, likely more sooner towards retest support 1986 or more 1400 before all done , while usdx give a better fakeout up a good swing to crash again. both usdx & other pairs play were bull fakeout , usdx failed & others success & next opposite likely before the direction ! take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly.png Size: 40 KB
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  • #524,244
  • May 30, 2020 4:24am May 30, 2020 4:24am
Quoting despichtt
{quote} 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...
I totally agree with you this looks very much like a classic sell off in the making.
Data + Stat + Risk/Emotions Management
  • #524,245
  • May 30, 2020 4:32am May 30, 2020 4:32am
Quoting navk
{quote} I agree with this. A rise close to 2375/ 2400 will have to be sold on Monday.
The first trading day of the month from January till date have been selling with Average range of 80-110pips. Also in 2020 so far there hasn't been 3 consecutive weeks of buying. In the bearish weeks we have had so far this year most have only bought by 10 pips above the opening price before aggressive selling, only two weeks of bearish candle have had 60 pips above the opening price. In a nutshell if this week has to be bearish most pips buyers can take out of it a 60 pips while 10 pips is the most likely price can move above the opening price before a smack down.

In all I have learnt enough lessons not to have over strong bias as things can change quickly.

Cheers!
Data + Stat + Risk/Emotions Management
  • #524,246
  • May 30, 2020 4:39am May 30, 2020 4:39am
Quoting fontu
{quote} yeah possible , otherwise 2725 limits test to do, hope not, likely more sooner towards retest support 1986 or more 1400 before all done , while usdx give a better fakeout up a good swing to crash again. both usdx & other pairs play were bull fakeout , usdx failed & others success & next opposite likely before the direction ! take care {image}
When i watch on H4. It will be strong bull.
Lets see.
  • #524,247
  • May 30, 2020 7:46am May 30, 2020 7:46am
Quoting Georginson
{quote} The first trading day of the month from January till date have been selling with Average range of 80-110pips. Also in 2020 so far there hasn't been 3 consecutive weeks of buying. In the bearish weeks we have had so far this year most have only bought by 10 pips above the opening price before aggressive selling, only two weeks of bearish candle have had 60 pips above the opening price. In a nutshell if this week has to be bearish most pips buyers can take out of it a 60 pips while 10 pips is the most likely price can move above the opening...
there are good signs, selling below 2399.

Monday, make money.
Intraday only.
  • #524,248
  • May 30, 2020 9:08am May 30, 2020 9:08am
Inserted Video
  • #524,249
  • May 30, 2020 9:25am May 30, 2020 9:25am
Quoting Georginson
{quote} I totally agree with you this looks very much like a classic sell off in the making.
Too early....

It's only 1.23 now.
I'd wait and sell higher....

I don't advice big buys but buy if u wish...

1.2440 — 1.26 sells. Forex is simple
Beware of robber banks (RB), bad advisors.
  • #524,250
  • May 30, 2020 9:28am May 30, 2020 9:28am
i posted this analysis earlier this week..
BEFORE
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AFTER
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am sure no one paid attention to it
Le$$ I$ More
  • #524,251
  • May 30, 2020 9:29am May 30, 2020 9:29am
Quoting despichtt
{quote} Investors first like to get some positive feeling for this round of trade deal;. ..

was out there on investing.com forum for some time but dear, that was some horrible experience


LOL.

Investing com forums sound like a zoo of deranged kids and losers - everyone is certain of everything.

I quietly thank them for making my profits.
Beware of robber banks (RB), bad advisors.
  • #524,252
  • May 30, 2020 10:04am May 30, 2020 10:04am
think this scenario is still valid

sells below 1.23
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  • #524,253
  • Edited 11:32am May 30, 2020 10:26am | Edited 11:32am
Quoting Gilaforex13
{quote} When i watch on H4. It will be strong bull. Lets see.
1.2725 intact is always bear , failed already to do that , having a double top , then likely bottom test to decide or new low to go . checking h4 tf .take care
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 34 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #524,254
  • May 30, 2020 10:41am May 30, 2020 10:41am
Quoting fontu
{quote} 1.2725 intact is always bear , bailed already to do that , having a double top , then likely bottom test to decide gold or new low to go . checking h4 tf .take care {image}
Thank you very much.
  • #524,255
  • May 30, 2020 11:09am May 30, 2020 11:09am
Quoting fontu
{quote} 1.2725 intact is always bear , bailed already to do that , having a double top , then likely bottom test to decide gold or new low to go . checking h4 tf .take care {image}
Hum very good. Congrats.
Together we can be strongest
Vantage Return This Month: na
  • #524,256
  • May 30, 2020 11:22am May 30, 2020 11:22am
Quoting fontu
{quote} 1.2725 intact is always bear , bailed already to do that , having a double top , then likely bottom test to decide gold or new low to go . checking h4 tf .take care {image}
I think this 2 points will show the direction for us. It's the harmonic AB=CD, let's see.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 34 KB
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  • #524,257
  • May 30, 2020 11:53am May 30, 2020 11:53am
Quoting palpite
{quote} I think this 2 points will show the direction for us. It's the harmonic AB=CD, let's see. {image}
An little adjust in the support.

Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 29 KB
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  • #524,258
  • May 30, 2020 12:34pm May 30, 2020 12:34pm
Quoting palpite
{quote} I think this 2 points will show the direction for us. It's the harmonic AB=CD, let's see. {image}
ok , more details of probable pa , still can do little more up or more also as in top extension , just a craxy unpredictible action!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 28 KB
Click to Enlarge Name: GBPUSDM15.png Size: 31 KB
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  • #524,259
  • May 30, 2020 1:14pm May 30, 2020 1:14pm
Quoting fontu
{quote} ok , more details of probable pa , still can do little more up or more also as in top extension , just a craxy unpredictible action! {image} {image}
Above have a lot of points of resistence, yes. But how you drew the trendlines, showed for me an wave 2 bullish, maybe another drop before the up movement, is too early for to say it, but it make a lot of sense for me.
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Vantage Return This Month: na
  • #524,260
  • Edited 3:17pm May 30, 2020 2:51pm | Edited 3:17pm
Quoting palpite
{quote} Above have a lot of points of resistence, yes. But how you drew the trendlines, showed for me an wave 2 bullish, maybe another drop before the up movement, is too early for to say it, but it make a lot of sense for me.
Ok if the was wave already ended then a reversal likely the option but as limit 2725 intact we can't tell that now, if low actually in situ in abc down wave then must go for the limit where it already tried twice and failed. If this js a real bull atempt or better say actually great reversal attempt then also wave 1 over, next wave i of 3 ended the correct down to tl to impulse wave iii of 3 breaking much above that limit for sure in short time. Hope not now as market not any ready for any great bull so soon, years may need in making bottom to get the direction, at least pandemic and all aftereffects to over first. Take care
Not understand?better not follow my analyses!doubt clearer first, risks ++
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