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Cable Update (GBPUSD)

  • #545,821
  • Sep 2, 2020 6:46am Sep 2, 2020 6:46am
i only wish one fine bearish day ....
  • #545,822
  • Sep 2, 2020 6:49am Sep 2, 2020 6:49am
Quoting Moty
{quote} that was fun {image}
Well done, I missed that
  • #545,823
  • Sep 2, 2020 6:53am Sep 2, 2020 6:53am
Quoting HaLBot
Once again supported by the hourly 100ma, so if it can get below expect 3300 to 3270 {image}
Other pairs are selling so once it break 100ma on one hour it's a dive down
  • #545,824
  • Sep 2, 2020 6:55am Sep 2, 2020 6:55am
...only a 77pip range so far today with a 77.7% chance of reaching 103pips range and a 40% chance of reaching or exceeding the 30 day adr of 115, - based on the last 30 trading days.

3321, 3317 then 3301 the next downside fibs of the major mthly/wkly/dly and 4hr swing lo's up to 3482.
Trader with an Edge.
  • #545,825
  • Sep 2, 2020 6:58am Sep 2, 2020 6:58am
Quoting Headland
...only a 77pip range so far today with a 77.7% chance of reaching 103pips range and a 40% chance of reaching or exceeding the 30 day adr of 115, - based on the last 30 trading days.
1h chart,
bears need to break the light blue support and to break the bottom tl, till then, bulls can strike anytime.
Attached Image (click to enlarge)
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  • #545,826
  • Sep 2, 2020 7:12am Sep 2, 2020 7:12am
Quoting gatenio
{quote} 1h chart, bears need to break the light blue support and to break the bottom tl, till then, bulls can strike anytime. {image}
ADP Non-Farm Employment Change 1:15pm so the break is on
  • #545,827
  • Sep 2, 2020 7:15am Sep 2, 2020 7:15am
Quoting gigiB
{quote} Hi knkie, Bull may come 1.3265 - 1.3297. Would you agree? Or better, what do you think?
well i find this price action a bit dangerous.
Id say Day is up and H4 could be setting up for a long trade.
On the other hand H4 is down and H1 might be setting up for a short trade.

Usually when price is like this i make mistakes so im staying out i think.
in wondering about yourself, you forgot what you came here to be part of
  • #545,828
  • Sep 2, 2020 7:16am Sep 2, 2020 7:16am
price unlikely go above 3370 for this NY session.

Let me see.

IMO
Intraday only.
  • #545,829
  • Sep 2, 2020 7:18am Sep 2, 2020 7:18am
...if the bulls don't make a ' real stand' and base camp above it - I wonder whether the prev dly sw hi zone shown below current price in dark blue on daily pic below might be the area ? = prev res = pot rbs. (provisional new channel tops shown - should the 3482 become a fractal swing on close of today's daily candle.)

Currently - 1st test of today's current lo zone - a prev 1hr sw lo zone now...has found demand. Dly S1 and 23.6% ext of y/day's pip range there too.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 147 KB
Trader with an Edge.
  • #545,830
  • Sep 2, 2020 7:18am Sep 2, 2020 7:18am
FOR 60 pips this time .
the higher it goes , the harder it falls
Attached Image (click to enlarge)
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yes yes yes
  • #545,831
  • Sep 2, 2020 7:25am Sep 2, 2020 7:25am
Quoting epzero
{quote} ADP Non-Farm Employment Change 1:15pm so the break is on
maybe yes maybe no. this tl will be tough due the ADR.
for me it worth buying that deeps any time, good scalping.

it's better to you to stop think it will drop like there is no tomorrow in this market condition..
you saying for few weeks down down down. (i was shorting it too for few time and busted)

till 4h trend is down, i will buying the deep amigo.
  • #545,832
  • Sep 2, 2020 7:27am Sep 2, 2020 7:27am
too much rejection. im out of this, only hold GJ long. will short UJ if feel the need.
  • #545,833
  • Sep 2, 2020 7:28am Sep 2, 2020 7:28am
morning
  • #545,834
  • Sep 2, 2020 7:38am Sep 2, 2020 7:38am
Quoting gatenio
{quote} maybe yes maybe no. this tl will be tough due the ADR. for me it worth buying that deeps any time, good scalping. it's better to you to stop think it will drop like there is no tomorrow in this market condition.. you saying for few weeks down down down. (i was shorting it too for few time and busted) till 4h trend is down, i will buying the deep amigo.
Dollar is getting stronger so it won't be wise to go against the dollar so a fall is coming soon
  • #545,835
  • Sep 2, 2020 7:40am Sep 2, 2020 7:40am
how are the bulls not seeing the fall in the market????
  • #545,836
  • Sep 2, 2020 7:41am Sep 2, 2020 7:41am
Quoting navk
price unlikely go above 3370 for this NY session. Let me see. IMO
1.33954 is an important level for price.
  • #545,837
  • Sep 2, 2020 7:42am Sep 2, 2020 7:42am
Quoting epzero
{quote} Dollar is getting stronger so it won't be wise to go against the dollar so a fall is coming soon
like i said, i keep all the scenario open.

screaming down down won't take it down.
1h down, 4h up, 1d up, 1w up
if 4h flip i will join the bears..
so first red flag my 4h below 1.3321
  • #545,838
  • Sep 2, 2020 7:44am Sep 2, 2020 7:44am
Quoting knkie
{quote} well i find this price action a bit dangerous. Id say Day is up and H4 could be setting up for a long trade. On the other hand H4 is down and H1 might be setting up for a short trade. Usually when price is like this i make mistakes so im staying out i think.
OK, appreciate that, for sharing your thought process.
  • #545,839
  • Sep 2, 2020 7:47am Sep 2, 2020 7:47am
1.33264 needs to be taken out for the bears to come in control
  • #545,840
  • Sep 2, 2020 7:49am Sep 2, 2020 7:49am
Attached Image (click to enlarge)
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yes yes yes
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