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Cable Update (GBPUSD)

  • #546,881
  • Sep 8, 2020 12:50pm Sep 8, 2020 12:50pm
Quoting shahab8b
I don't see this sentiment situation very often (when FF traders contradict MyFxBook and FXBlue) I have to say, well done my fellow Cable traders. {image}
Dear Shahab,
would you like to share the link to this sentiments page

thanks
  • #546,882
  • Sep 8, 2020 12:53pm Sep 8, 2020 12:53pm
Quoting imohsin360
{quote} Dear Shahab, would you like to share the link to this sentiments page thanks
Hi Mohsin,
Here you go
https://fxssi.com/
  • #546,883
  • Sep 8, 2020 12:54pm Sep 8, 2020 12:54pm
lunch break, my happy time

good luck
  • #546,884
  • Sep 8, 2020 12:58pm Sep 8, 2020 12:58pm
Anyone know why GBP is crashing soo hard right now? This is really unprecedented to see the pound drop 170 pips in one day like this.
  • #546,885
  • Sep 8, 2020 1:00pm Sep 8, 2020 1:00pm
Quoting spatel522
Anyone know why GBP is crashing soo hard right now? This is really unprecedented to see the pound drop 170 pips in one day like this.
Stronger dollar weaker pounds .
  • #546,886
  • Sep 8, 2020 1:06pm Sep 8, 2020 1:06pm
A scenario that might be playing out at the moment
Attached Image (click to enlarge)
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  • #546,887
  • Sep 8, 2020 1:08pm Sep 8, 2020 1:08pm
Quoting epzero
{quote} Stronger dollar weaker pounds .
Yes but my analysis shows that the GBP should be testing the previous high by October. Of course there is always fluctuation and consolidation that occurs in the process but this is a massive dip.
  • #546,888
  • Sep 8, 2020 1:10pm Sep 8, 2020 1:10pm
Quoting spatel522
Anyone know why GBP is crashing soo hard right now? This is really unprecedented to see the pound drop 170 pips in one day like this.
uk -eu deadlock ,it's not unprecedented at all
the key is the monthly low ,but really I'm talking very high probability right now ,
it can't go over 13500 without further down, there's no other wave up above that high to save it.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,889
  • Sep 8, 2020 1:15pm Sep 8, 2020 1:15pm
I don't know waves but I do know candle
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,890
  • Sep 8, 2020 1:21pm Sep 8, 2020 1:21pm
The maximum it can go is the open gap ,I'm starting to doubt that
this w1 candle will print
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,891
  • Sep 8, 2020 1:22pm Sep 8, 2020 1:22pm
for 39-46 pips
Attached Image (click to enlarge)
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yes yes yes
  • #546,892
  • Sep 8, 2020 1:23pm Sep 8, 2020 1:23pm
if 1.298 doesn't bounce the market then we are surely in for a large drop
  • #546,893
  • Sep 8, 2020 1:24pm Sep 8, 2020 1:24pm
Quoting Bones
{quote} uk -eu deadlock ,it's not unprecedented at all the key is the monthly low ,but really I'm talking very high probability right now , it can't go over 13500 without further down, there's no other wave up above that high to save it.
I agree, it looks like it will break 1.30 any time now. you called it last week.
it's dropped 500 pips without any retracement. The rallies will be sell opportunities.
Attached Image (click to enlarge)
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  • #546,894
  • Sep 8, 2020 1:25pm Sep 8, 2020 1:25pm
Quoting spatel522
Anyone know why GBP is crashing soo hard right now? This is really unprecedented to see the pound drop 170 pips in one day like this.
those large weeklies to the left are negative 900-1000 range
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,895
  • Sep 8, 2020 1:26pm Sep 8, 2020 1:26pm
Quoting MarketPatrol
Decided to book my loss before it hit my stops.
My trades were eventually not going to make it...
BARAK
  • #546,896
  • Sep 8, 2020 1:27pm Sep 8, 2020 1:27pm
Quoting epzero
if 1.298 doesn't bounce the market then we are surely in for a large drop
daily candle.. all eyes on it.
  • #546,897
  • Sep 8, 2020 1:29pm Sep 8, 2020 1:29pm
Quoting Bones
{quote} those large weeklies to the left are negative 900-1000 range
i dont see it going lower than 1.27 if the market want to drop

i am looking for bottom between 1.29 to 1.2980 for a good bounce at least to fill the weekend gap

i still think monthly picture is bullish and we can go to new highs its just a matter of we are still in correction mode until now
  • #546,898
  • Sep 8, 2020 1:30pm Sep 8, 2020 1:30pm
Quoting MarketPatrol
{quote} My trades were eventually not going to make it...
hahahaha that's cable for you, when it wants to fall, it falls without mercy
  • #546,899
  • Sep 8, 2020 1:30pm Sep 8, 2020 1:30pm
Quoting shahab8b
{quote} I agree, it looks like it will break 1.30 any time now. you called it last week. it's dropped 500 pips without any retracement. The rallies will be sell opportunities. {image}
I think it can correct ,but only if the monthly low holds ,12981, you have to see next daily open
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #546,900
  • Sep 8, 2020 1:34pm Sep 8, 2020 1:34pm
Quoting msniper
{quote} i dont see it going lower than 1.27 if the market want to drop i am looking for bottom between 1.29 to 1.2980 for a good bounce at least to fill the weekend gap i still think monthly picture is bullish and we can go to new highs its just a matter of we are still in correction mode until now
it's range not trend as pre warned ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
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