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Cable Update (GBPUSD)

  • #550,701
  • Oct 1, 2020 3:06am Oct 1, 2020 3:06am
Quoting epzero
{quote} you are correct how far can it go today?
as long as price manages below 200 ema, i expect 2830 or more.
Intraday only.
  • #550,702
  • Oct 1, 2020 3:09am Oct 1, 2020 3:09am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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yes yes yes
  • #550,703
  • Oct 1, 2020 3:10am Oct 1, 2020 3:10am
i had a sell at 1.29201 from yesterday and no sl and see now
  • #550,704
  • Oct 1, 2020 3:11am Oct 1, 2020 3:11am
Quoting greengp
i had a sell at 1.29201 from yesterday and no sl and see now
and now clocked at be
  • #550,705
  • Oct 1, 2020 3:12am Oct 1, 2020 3:12am
Rsi never lie....

I am not going to short dollar today
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Inkedchart (16)_LI.jpg Size: 451 KB
Twitter: Rummer_grapes
  • #550,706
  • Oct 1, 2020 3:16am Oct 1, 2020 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 33 KB
yes yes yes
  • #550,707
  • Oct 1, 2020 3:17am Oct 1, 2020 3:17am
Today it lies....
Let the market decide
  • #550,708
  • Oct 1, 2020 3:19am Oct 1, 2020 3:19am
Morning all!! Short at 888, let's see where we go! Little green pips to all!
  • #550,709
  • Oct 1, 2020 3:21am Oct 1, 2020 3:21am
Quoting Bacco
Rsi never lie.... I am not going to short dollar today {image} {image}
not going to short the dollar ever, until dealers are long
COT: The precious data ignored
  • #550,710
  • Oct 1, 2020 3:23am Oct 1, 2020 3:23am
Quoting greengp
{quote} and now clocked at be
there is saying in english and any language keep the stone heavyweight bring to the top and roll down
  • #550,711
  • Oct 1, 2020 3:24am Oct 1, 2020 3:24am
Remember and see in the next hours 1.2865 is a good buy.
Let the market decide
  • #550,712
  • Oct 1, 2020 3:24am Oct 1, 2020 3:24am
Quoting kuroro001
{quote} not going to short the dollar ever, until dealers are long
True, but at 2660 was a good area to buy gbp with short term view. both gu and usdidx were showing divergence...
Twitter: Rummer_grapes
  • #550,713
  • Oct 1, 2020 3:26am Oct 1, 2020 3:26am
Quoting Bacco
{quote} True, but at 2660 was a good area to buy gbp with short term view. both gu and usdidx were showing divergence...
2860 you mean ?

Its possible because its a h1/daily very high volume area, above long, below short

For now i'm only watching around here

Will short rallies still because dollar could still rally big time
COT: The precious data ignored
  • #550,714
  • Oct 1, 2020 3:26am Oct 1, 2020 3:26am
Quoting kuroro001
{quote} Funny the pivot is here, i was eyeing 2888 for different reason (very high vol there)
Hi Kuroro,

How do you check volume? which indicator do you use?
  • #550,715
  • Oct 1, 2020 3:26am Oct 1, 2020 3:26am
Let's see
Attached Image (click to enlarge)
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  • #550,716
  • Oct 1, 2020 3:26am Oct 1, 2020 3:26am
Quoting Bacco
{quote} True, but at 2660 was a good area to buy gbp with short term view. both gu and usdidx were showing divergence...
for a TP1 1.2976

I don't know if we can keep this position up to the election, so yes maybe 1 day to 2 weeks.
Let the market decide
  • #550,717
  • Oct 1, 2020 3:32am Oct 1, 2020 3:32am
GU fall to 1.2800s seem quicker than expected, a break there will target 1.2750s-60s that should hold the pair from further decline
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #550,718
  • Oct 1, 2020 3:33am Oct 1, 2020 3:33am
Quoting kuroro001
{quote} 2860 you mean ? Its possible because its a h1/daily very high volume area, above long, below short For now i'm only watching around here Will short rallies still because dollar could still rally big time
2690 sorry. on 25/9 was a good buy, but only with short term view as mentioned. Anyway....with the brexit i am not going to keep orders open overnight on gbp. We are walking on minefield. I dont feel to have a position now with medium term view.
Twitter: Rummer_grapes
  • #550,719
  • Oct 1, 2020 3:35am Oct 1, 2020 3:35am
Quoting The Magician
Morning all!! Short at 888, let's see where we go! Little green pips to all!
BE+1, cuppa tea time. Here's hoping for a lively day for all
  • #550,720
  • Oct 1, 2020 3:40am Oct 1, 2020 3:40am
This is huge news.

https://www.forexlive.com/news/!/bre...st-uk-20201001

Not entirely unexpected, but will likely trigger a downward spiral.
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