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Cable Update (GBPUSD)

  • #541,921
  • Aug 11, 2020 3:23am Aug 11, 2020 3:23am
Looks like we are in a deadlock situation, the bears need to break the 1.30 to open a descent and the bulls the 1.3110 level aiming at the previous high. From technical level is still not clear for me, fundamentally maybe the dollar has more chance considering the bad report we had this morning and waiting for tomorrow gdp. Price is rewarding Uk at the moment but the situation is not much better here. Lets see
Twitter: Rummer_grapes
  • #541,922
  • Aug 11, 2020 3:30am Aug 11, 2020 3:30am
Quoting zaidan
nice selling point at 1.3095... target open... stop 1.3110
Good luck green pips
  • #541,923
  • Aug 11, 2020 3:30am Aug 11, 2020 3:30am
it will drop , i am sure
Attached Image(s) (click to enlarge)
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yes yes yes
  • #541,924
  • Aug 11, 2020 3:32am Aug 11, 2020 3:32am
lets see if the dump of gold may help the dollar to rise
COT: The precious data ignored
  • #541,925
  • Aug 11, 2020 3:32am Aug 11, 2020 3:32am
Quoting Bacco
Looks like we are in a deadlock situation, the bears need to break the 1.30 to open a descent and the bulls the 1.3110 level aiming at the previous high. From technical level is still not clear for me, fundamentally maybe the dollar has more chance considering the bad report we had this morning and waiting for tomorrow gdp. Price is rewarding Uk at the moment but the situation is not much better here. Lets see
Watch 1.3115 area, failure to break this zone exposes 1.2870 this same week. If price stays below 1.3040 level in the next 8 hours then 1.2870 this week, if above 1.3100 in the next 8 hours, this 1.2870 gets invalidated.

Please no obligation to follow.
Data + Stat + Risk/Emotions Management
  • #541,926
  • Aug 11, 2020 3:33am Aug 11, 2020 3:33am
Quoting Moty
it will drop , i am sure {image} {image}
Lend u hit it hard... Lol
  • #541,927
  • Aug 11, 2020 3:34am Aug 11, 2020 3:34am
Quoting Georginson
{quote} Watch 1.3115 area, failure to break this zone exposes 1.2870 this same week. If price stays below 1.3040 level in the next 8 hours then 1.2870 this week, if above 1.3100 in the next 8 hours, this 1.2870 gets invalidated. Please no obligation to follow.
Same thinking. Haha . Good luck n green pips.
  • #541,928
  • Aug 11, 2020 3:38am Aug 11, 2020 3:38am
After Y wave created, medium trend will be
Attached Image (click to enlarge)
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  • #541,929
  • Aug 11, 2020 3:41am Aug 11, 2020 3:41am
Quoting Moty
it will drop , i am sure {image} {image}
At the moment our bear doesnt look in good shape
Attached Image (click to enlarge)
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Twitter: Rummer_grapes
  • #541,930
  • Aug 11, 2020 3:46am Aug 11, 2020 3:46am
Quoting Bacco
{quote} At the moment our bear doesnt look in good shape {image}
these are my 2nd favorite bears, kodiaks. sit by the river and wait for salmon (or a trade) to jump out at you for dinner!

Attached Image
  • #541,931
  • Aug 11, 2020 3:56am Aug 11, 2020 3:56am
i think GU is good to go short in this area 1.3084 for minimum 100pips against SL of the high at 1.3190
  • #541,932
  • Aug 11, 2020 3:59am Aug 11, 2020 3:59am
Good morning to all
Im still long ima wait till Ny to close it
  • #541,933
  • Aug 11, 2020 4:00am Aug 11, 2020 4:00am
we need a new hourly low
Attached Image (click to enlarge)
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yes yes yes
  • #541,934
  • Aug 11, 2020 4:03am Aug 11, 2020 4:03am
bull resilience.
31960 no out of reach.
Keep the Lights on then you can catch the rise from the dark.
  • #541,935
  • Aug 11, 2020 4:07am Aug 11, 2020 4:07am
And there it goes
Closed.
Ima take a look at aud now and plan Ny session...today must be better than yesterday
Attached Image (click to enlarge)
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  • #541,936
  • Aug 11, 2020 4:14am Aug 11, 2020 4:14am
In my view for the moment..if price closes clearly above 1.31 even for 1 hour, it will be very difficut for any bear runs to pull price below 1.3 in the medium term.
  • #541,937
  • Aug 11, 2020 4:15am Aug 11, 2020 4:15am
Quoting WhipKream
{quote} these are my 2nd favorite bears, kodiaks. sit by the river and wait for salmon (or a trade) to jump out at you for dinner! {image}
Don't wait too long....
Attached Image (click to enlarge)
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  • #541,938
  • Aug 11, 2020 4:22am Aug 11, 2020 4:22am
Quoting zaidan
nice selling point at 1.3095... target open... stop 1.3110
Closed at entry , i dont like this push up
  • #541,939
  • Aug 11, 2020 4:31am Aug 11, 2020 4:31am
I think Ny can be sell mode
waiting for price to come to S/r1, there the price might react down..depends how Ny will want to play this
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  • #541,940
  • Aug 11, 2020 4:34am Aug 11, 2020 4:34am
my opinion
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