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Cable Update (GBPUSD)

  • #551,721
  • Oct 7, 2020 7:51am Oct 7, 2020 7:51am
Quoting Coreg2004
{quote} Moty, if you believe that low at X is in place then look for Gartley or bat pattern to pinpoint the entry... {image}

Bats cause pandemics
Follow The Markets Structure - Patience and Discipline
  • #551,722
  • Oct 7, 2020 7:54am Oct 7, 2020 7:54am
which scenario you will happened ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
Click to Enlarge Name: dx1.png Size: 16 KB
yes yes yes
  • #551,723
  • Oct 7, 2020 7:55am Oct 7, 2020 7:55am
Quoting pipfarm
{quote} Bats cause pandemics
it was randy marsh
be patient
  • #551,724
  • Oct 7, 2020 7:58am Oct 7, 2020 7:58am
Price now needs an hourly close above 2898 hence the bouncing which is the old resistance from the swing down
Follow The Markets Structure - Patience and Discipline
  • #551,725
  • Oct 7, 2020 7:59am Oct 7, 2020 7:59am
Quoting Moty
which scenario you will happened ? {image}
i remember before u see inverted h&s at daily...i think it is possible we see drop first before rocket haha
Bismillah
  • #551,726
  • Oct 7, 2020 8:00am Oct 7, 2020 8:00am
DXY is in between of 50% and 61.8% fibo. retracement. will look for PA from here..
PATIENCE AND DISCIPLINE!
  • #551,727
  • Oct 7, 2020 8:00am Oct 7, 2020 8:00am
Quoting Moty
which scenario you will happened ? {image}
Anything can happen in current unclear situation
  • #551,728
  • Oct 7, 2020 8:01am Oct 7, 2020 8:01am
Quoting pipfarm
Price now needs an hourly close above 2898 hence the bouncing which is the old resistance from the swing down

Bingo closed perfectly mass of divergence on the hourly low , momentum rising mas pointing up, how many more clues do we need
Follow The Markets Structure - Patience and Discipline
  • #551,729
  • Oct 7, 2020 8:01am Oct 7, 2020 8:01am
m15

1.2895 add sold
  • #551,730
  • Oct 7, 2020 8:01am Oct 7, 2020 8:01am
Quoting Moty
which scenario you will happened ? {image} {image}
Hope we go down first Moty.
  • #551,731
  • Oct 7, 2020 8:04am Oct 7, 2020 8:04am
Quoting pipfarm
{quote} Its only going down for retest same as cable going up to retest 93.43 for usdx 2979 for cable or the close of the high
It may be true for intraday but not for tomorrow.

Cable range today 1.2910 1.2850 that's it.

Starting from tomorrow there will be weaker dollar index higher GU. Profit seekers should buy that 1.2850 pin right there if they can catch again.
  • #551,732
  • Oct 7, 2020 8:10am Oct 7, 2020 8:10am
Hey guys traded eur during london today
Looking at usdix from 4H to 5 min i think usd will go up...(short term)
Can be wrong , have no trade open atm
Good trades
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
  • #551,733
  • Oct 7, 2020 8:16am Oct 7, 2020 8:16am
So my current view on GU is we are going to visit old lows right around 1.28 level because logically thats where most of the big boy orders are going to be, doesnt make sense for them to jump in long at 3 different levels so close to eachother when they can get right under all 3 levels. Which this area is where we could form a nice head and shoulders on daily or keep pushing down to test 1.27. I just feel like with big dollar spike and major direction formed on a tuesday itll probably hold this direction until thursday at least.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB



well as i was writing this price did a dive LOL
  • #551,734
  • Oct 7, 2020 8:16am Oct 7, 2020 8:16am
Quoting pipfarm
{quote} Bingo closed perfectly mass of divergence on the hourly low , momentum rising mas pointing up, how many more clues do we need
Apparently more clues.
  • #551,735
  • Oct 7, 2020 8:17am Oct 7, 2020 8:17am
wow what a drop crazy pair
  • #551,736
  • Oct 7, 2020 8:20am Oct 7, 2020 8:20am
Quoting HBN08
Hey guys traded eur during london today Looking at usdix from 4H to 5 min i think usd will go up...(short term) Can be wrong , have no trade open atm Good trades {image}
Damn the short term is real
why i dint had at least a 0.1 lot damn
  • #551,737
  • Oct 7, 2020 8:20am Oct 7, 2020 8:20am
Quoting epzero
wow what a drop crazy pair
Frost said uk is not bluffing on deadline
Twitter: Rummer_grapes
  • #551,738
  • Oct 7, 2020 8:20am Oct 7, 2020 8:20am
Who called home ?
I know it wasn't Donald
Because dx is still sleeping but what a drop.
To 1.28450 , 10 pip from my first tp
New hourly low, sell that sucker
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CamScanner 10-07-2020 16.23.32_1.jpg Size: 165 KB
Click to Enlarge Name: CamScanner 10-07-2020 16.26.17_1.jpg Size: 174 KB
yes yes yes
  • #551,739
  • Oct 7, 2020 8:24am Oct 7, 2020 8:24am
Quoting Moty
Who called home ? I know it wasn't Donald Because dx is still sleeping but what a drop. To 1.28450 , 10 pip from my first tp
https://www.forexlive.com/news/!/uks...ement-20201007
Twitter: Rummer_grapes
  • #551,740
  • Oct 7, 2020 8:24am Oct 7, 2020 8:24am
Continuous dumping of GU down to 1.2850.That's fake as heaven. Dollar is finished. And my chart says today's lowest dip 1.2850 again is the last buying opportunity. Mark my words for tomorrow.
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