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Cable Update (GBPUSD)

  • #542,721
  • Aug 14, 2020 1:24pm Aug 14, 2020 1:24pm
Quoting HBN08
Hey guys im expecting a down move in minutes head n shouldrs forming? m15 Good weekend to all {image}
Closed
Good weekned to all
  • #542,722
  • Aug 14, 2020 1:58pm Aug 14, 2020 1:58pm
Quoting Gym4life
{quote} Hey friend. Try to change colour of the candle to the same. All black. This is psychological tip, you will see something in different way
you means up & down same color?
  • #542,723
  • Aug 14, 2020 2:08pm Aug 14, 2020 2:08pm
Quoting seincard
{quote} you means up & down same color?
Yess, this could help him to see liquidity grabbing, SOB, BOB imbalance, uppward momentum, not drop like stone
  • #542,724
  • Aug 14, 2020 2:13pm Aug 14, 2020 2:13pm
Quoting Gym4life
{quote} Yess, this could help him to see liquidity grabbing, SOB, BOB imbalance, uppward momentum, not drop like stone
wow
great idea
  • #542,725
  • Aug 14, 2020 2:17pm Aug 14, 2020 2:17pm
Quoting seincard
{quote} wow great idea
Thanks a lot buddy🖐
  • #542,726
  • Aug 14, 2020 2:56pm Aug 14, 2020 2:56pm
Bayern Munich is killing Barcelona
BARAK
  • #542,727
  • Edited 3:25pm Aug 14, 2020 3:09pm | Edited 3:25pm
Quoting Olabanji-Tex
Hello guys, I have attached an image of the 4 hr chart. Could this be a head and shoulders pattern developing on the chart? Please share your views. Thanks for your views. {image}
16 pips isn't a peak ,
i.e H+S is a formidable pattern.
it's side ,which can be reversal or continuation
we had this discussion earlier ,which proved wrong for many callers of that pattern
you can't force a pattern because it looks a bit like it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h & sGBPUSD-Daily.png Size: 48 KB
Click to Enlarge Name: 2 h & sGBPUSD-Daily.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,728
  • Edited 7:33pm Aug 14, 2020 3:21pm | Edited 7:33pm
I tell you one thing it's mighty funky because it's trapped in a small space =very difficult read
Could need to do something funky to get out ,like over weekend gap or high volatility or no doubt pa.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,729
  • Aug 14, 2020 3:34pm Aug 14, 2020 3:34pm
Quoting BWilliam
{quote} Probability higher for bull or bear from here?
Not sure ,it's closed on the monthly open so 2 weeks go nowhere
Ive been thinking continuation ,you can see why
I would have preferred that slightly higher close
judge on next open not leaving anything open over weekend luckily my options closed at 3 gmt
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-2-weeks.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,730
  • Aug 14, 2020 3:35pm Aug 14, 2020 3:35pm
Looks like Pound found the resistance it was looking for all along
That 1hr is a classic reversal hint, Just wish I was awake to catch it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 35 KB
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
Compulsions can be hard to resist
  • #542,731
  • Aug 14, 2020 3:36pm Aug 14, 2020 3:36pm
Quoting Olabanji-Tex
Hello guys, I have attached an image of the 4 hr chart. Could this be a head and shoulders pattern developing on the chart? Please share your views. Thanks for your views. {image}
I don't think so. I see triangle formations on both GU and EU. It's likely to be a continuation pattern. I stay bullish as long as 1.3 and 1.17 hold on GU and EU, respectively. I will reassess in case of a clear break of 1.30 or 1.17.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu tri 814.PNG Size: 97 KB
Click to Enlarge Name: EU tri 814.PNG Size: 103 KB
  • #542,732
  • Aug 14, 2020 3:42pm Aug 14, 2020 3:42pm
going to monitor open
if above the blue line I will go from there ,Price can't leave the box because I drew it and said confidently it cannot break to downside next
Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: 001 GBPUSD-4-hours.png Size: 35 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #542,733
  • Aug 14, 2020 3:46pm Aug 14, 2020 3:46pm
COT showing bias towards bulls on GU still, but very diminished. yen still short though. i take some of my GJ off, want to clear the rest at 140. i am looking to short GU and GJ down to 1.20 and 1.30 respectively. next week may undermine my plans, we will see. until monday, cheers
  • #542,734
  • Aug 14, 2020 4:04pm Aug 14, 2020 4:04pm
I see some hungry, patient bulls waiting below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 38 KB
Click to Enlarge Name: GBPUSDH4.png Size: 26 KB
Click to Enlarge Name: hiding-bull-at-the-castle-S0HBNH.jpg Size: 70 KB
Compulsions can be hard to resist
  • #542,735
  • Aug 14, 2020 4:07pm Aug 14, 2020 4:07pm
Quoting MarketPatrol
Bayern Munich is killing Barcelona
My barça got raped
  • #542,736
  • Aug 14, 2020 4:09pm Aug 14, 2020 4:09pm
Quoting trumps
I see some hungry, patient bulls waiting below {image} {image} {image}
Bulls at 1.30100 or 1.29500 can do a rocket to the moon And deeper
  • #542,737
  • Aug 14, 2020 4:10pm Aug 14, 2020 4:10pm
Quoting HBN08
{quote} My barça got raped
Patience.....
  • #542,738
  • Aug 14, 2020 4:12pm Aug 14, 2020 4:12pm
Quoting HBN08
{quote} My barça got raped
Bro same here
  • #542,739
  • Aug 14, 2020 4:15pm Aug 14, 2020 4:15pm
Bayern!!!
Everyone can see the chart, but only a few can actually read it.
  • #542,740
  • Aug 14, 2020 4:16pm Aug 14, 2020 4:16pm
Looks like we know who's taking the UCL already
320 traders viewing now