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Cable Update (GBPUSD)

  • #546,641
  • Sep 7, 2020 5:07am Sep 7, 2020 5:07am
Quoting buddha-
Tekin , ur smarter than the other.. hmm good and good morning
Thanks a lot and good morning. just sharing my idea nothing is certain we are just talking here the possibilities and opening any trade win or cut the arm its the best way. No need to think too much and watch the screen. I lost too many as usual
  • #546,642
  • Sep 7, 2020 5:10am Sep 7, 2020 5:10am
Short term view: Bears looking to push the pair toward 1.3110s.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #546,643
  • Sep 7, 2020 5:10am Sep 7, 2020 5:10am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 39 KB
feel free to invite me to your forum, if you have any
  • #546,644
  • Sep 7, 2020 5:13am Sep 7, 2020 5:13am
fall away
in wondering about yourself, you forgot what you came here to be part of
  • #546,645
  • Sep 7, 2020 5:15am Sep 7, 2020 5:15am
im pretty bearish, it should be range day in my opinion, because of holiday, but some critical trendlines are being tested and stand in the way. id like to short back at 1.323 and up. otherwise i will wait with small shorts EU GU and short EG. id take 1.32 as well if there is some rejection. GL everyone
  • #546,646
  • Sep 7, 2020 5:17am Sep 7, 2020 5:17am
Quoting WhipKream
im pretty bearish, it should be range day in my opinion, because of holiday, but some critical trendlines are being tested and stand in the way. id like to short back at 1.323 and up. otherwise i will wait with small shorts EU GU and short EG. id take 1.32 as well if there is some rejection. GL everyone
agreed
i thought it would range but this is quite bearish now
in wondering about yourself, you forgot what you came here to be part of
  • #546,647
  • Sep 7, 2020 5:19am Sep 7, 2020 5:19am
Quoting msniper
{quote} my midterm target is between 1.38 to 1.43 do u see that happening or impossible at the moment ? of course correction can happen maybe to 1.306x before continue rallying up GBP index still in up trend i dont see any bearish sign {image}
I can only tell you the monthly looks bullish but it's in range not huge trend. On the monthly it hit its long term tl down at a major pivot which beats any up tl.
Then Brexit is in focus this week, after a bearish weekly print.
Which broker do you get LFX charts from ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,648
  • Sep 7, 2020 5:20am Sep 7, 2020 5:20am
Quoting Tekin
Normaly after fibo261 a long h4 candle can come true and after a small one. Waiting the drop but not on cable on gold parallel. Today usa is off so that means 8 hours later it can turn to buy trend lets see {image}
Fantastic. Now we are on daily support what will happen time will tell i switched my hourly fibo to h4
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  • #546,649
  • Sep 7, 2020 5:23am Sep 7, 2020 5:23am
what a drop... interesting.. it will go till 3060 straight?
  • #546,650
  • Sep 7, 2020 5:28am Sep 7, 2020 5:28am
Quoting gatenio
what a drop... interesting.. it will go till 3060 straight?
perhaps a pause @ 3124 - 3132 on H4 ?
in wondering about yourself, you forgot what you came here to be part of
  • #546,651
  • Sep 7, 2020 5:30am Sep 7, 2020 5:30am
G/M....2 x fibs here 3152/49..into this prev wkly sw hi zone extending down to circa 3090....will it act as supp ? wide zone Next fibs 3099/97. Wkly S1 circa 3144....Mthly S1 circa 3098.
-------------------------------------

unusually no close of the opening gap down yet.
Trader with an Edge.
  • #546,652
  • Sep 7, 2020 5:30am Sep 7, 2020 5:30am
Quoting knkie
{quote} perhaps a pause @ 3124 - 3132 on H4 ?
i dont know, this selling pressure on monday is unusual
  • #546,653
  • Sep 7, 2020 5:31am Sep 7, 2020 5:31am
Quoting msniper
{quote} my midterm target is between 1.38 to 1.43 do u see that happening or impossible at the moment ? of course correction can happen maybe to 1.306x before continue rallying up GBP index still in up trend i dont see any bearish sign {image}
I've got 3090 as a potential turning point
Compulsions can be hard to resist
  • #546,654
  • Sep 7, 2020 5:32am Sep 7, 2020 5:32am
Quoting gatenio
{quote} i dont know, this selling pressure on monday is unusual
im sure that the reverse will be at least to 3270
but i dont know where is the start.. unusual move
and no NY to answer this move
  • #546,655
  • Sep 7, 2020 5:38am Sep 7, 2020 5:38am
i am booking all shorts for now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1.png Size: 33 KB
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  • #546,656
  • Sep 7, 2020 5:43am Sep 7, 2020 5:43am
Trade Long rn, not sure about TP yet
Wish Me Luck
Attached Image (click to enlarge)
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  • #546,657
  • Sep 7, 2020 5:43am Sep 7, 2020 5:43am
I'm still a "student trader" (after oh so many years...), and finally I have an entry type that I'm relatively happy with - doesn't produce many whipsaws.

It's the direction that I'm struggling with. I can't yet reduce my loss rate due to choosing the direction wrongly.
I have no clue where it's going
  • #546,658
  • Sep 7, 2020 5:45am Sep 7, 2020 5:45am
Quoting Bones
{quote} I can only tell you the monthly looks bullish but it's in range not huge trend. On the monthly it hit its long term tl down at a major pivot which beats any up tl. Then Brexit is in focus this week, after a bearish weekly print. Which broker do you get LFX charts from ?

light forex mt4
  • #546,659
  • Sep 7, 2020 5:46am Sep 7, 2020 5:46am
German Government Spokesman: Germany Convinced That It’s Still Possible To Reach Brexit Deal

r we going to have a deal this week !?
  • #546,660
  • Sep 7, 2020 5:46am Sep 7, 2020 5:46am
the fact it opened like that ,means its not going over 13500 any time soon ,the open could be important before the high.
it's only my wave peers that make me think theres any other leg up at all, because if it goes to 1.3 then thats a monthly engulf in a critical location already.
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