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Cable Update (GBPUSD)

  • #552,381
  • Oct 11, 2020 3:39pm Oct 11, 2020 3:39pm
you have to be careful shaven into res then gap down ,if gap survives he night/Monday.
If anything-if the confusion on the feeds is real
market could go all the way back again to be sure ,it's bounced off th major tl down and has no confirmation for double bottom, but double bottom is how I read Jays chart.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #552,382
  • Oct 11, 2020 3:41pm Oct 11, 2020 3:41pm
If you are tracking the GBPUSD this week, consider this technical perspective. On the daily time frame, price action has made a 38.2 Fib retracement of the downward swing that began on September 1. The 1.31700 area (magenta) is the immediate horizontal resistance and is aligned with the 61.8 Fib level. Technically, the area is susceptible to a bearish turnaround.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #552,383
  • Oct 11, 2020 3:54pm Oct 11, 2020 3:54pm
Quoting Bones
{quote} Yes you're chart is a double bottom ,you're oct 2016 is very different to mine .I'm aware of this feed number of the flash crash thanks for full explanation
True, I realized most charts don’t have the DB.. I think that’s weird. That could be very deceiving. Could it be absent from most charts for a reason?

Complete chart history is vital as it could influence our analysis..
  • #552,384
  • Oct 11, 2020 3:54pm Oct 11, 2020 3:54pm
  • #552,385
  • Oct 11, 2020 4:05pm Oct 11, 2020 4:05pm
Trade wisely...
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Le$$ I$ More
  • #552,386
  • Oct 11, 2020 4:07pm Oct 11, 2020 4:07pm
  • #552,387
  • Oct 11, 2020 4:17pm Oct 11, 2020 4:17pm
Quoting ChiForex
GU will find resistance just below 1.3050, only a daily close above 1.3050 may make the pair rally 200pips upward..
Short entered on Friday @1.3045 have first Tp @1.2975, second Tp @1.2875 and SL @1.3105, with trailing stop according to price action.

Generally, a base above 1.3030 necessary to start bullish movement to 1.3070 that needs another base above for strong movement upward while a base below 1.2970 necessary to continue medium term downtrend to 1.2870s first.
The pair stuck in this 200pip range until one of both movements prevail...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #552,388
  • Oct 11, 2020 5:50pm Oct 11, 2020 5:50pm
Quoting meugampong
I'm not smart like other member in this forum.. what i see is what i get.. My mentor teach me first only picking cherry and tomatoes.. and my account still alive .. no break bottom or top.. keep picking your sweet cherry, lol make sense ? off course not.. because it's so simple. {image}
Wah suhu, samaan kita tekniknya
  • #552,389
  • Oct 11, 2020 6:42pm Oct 11, 2020 6:42pm
Quoting IPMan
{quote} Wah suhu, samaan kita tekniknya
hahahaha.. tidur bro.. 2 days next we woke up.. H4 want to retrace or maybe breaking the low.. lol
  • #552,390
  • Oct 11, 2020 7:02pm Oct 11, 2020 7:02pm
took long , i think it will break
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yes yes yes
  • #552,391
  • Oct 11, 2020 7:04pm Oct 11, 2020 7:04pm
let me sell it.. perhaps a jackpot..
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  • #552,392
  • Oct 11, 2020 7:13pm Oct 11, 2020 7:13pm
https://www.thetimes.co.uk/article/t...ghts-glrxgfr3q
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Short to 1.28
It's a big game.
  • #552,393
  • Oct 11, 2020 7:37pm Oct 11, 2020 7:37pm
there is no place for short , take it from me and my blown account last Friday
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yes yes yes
  • #552,394
  • Oct 11, 2020 7:38pm Oct 11, 2020 7:38pm
Waiting 1.3000 for long
  • #552,395
  • Oct 11, 2020 9:14pm Oct 11, 2020 9:14pm
Good morning guys
Scalping short target at pivot
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  • #552,396
  • Oct 11, 2020 10:52pm Oct 11, 2020 10:52pm
Sell tp 9719
  • #552,397
  • Edited Oct 12, 2020 12:10am Oct 11, 2020 11:25pm | Edited Oct 12, 2020 12:10am
The bulls run is coming
Tp 1.30900
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yes yes yes
  • #552,398
  • Oct 12, 2020 12:17am Oct 12, 2020 12:17am
Quoting shahab8b
First, I am glad to see GU bulls are out of their hibernation and have started posting again. Second, the weekly chart seems to be in a very healthy uptrend and I don't think we will see 1.27 anytime soon. In fact, I think + 1.35 is upon us in near future I also looked at the monthly chart, which to be honest I don't care as I trade mostly daily and H4. And the monthly chart looks like an old school saucer pattern with 1.35 as the key level. {image} {image}

Knocking off 1.45 seems just a matter of time?
Maadik Hugiis. IQ 69.
  • #552,399
  • Oct 12, 2020 12:23am Oct 12, 2020 12:23am
Quoting MoneyZilla
{quote} She is probably ranging... There is a NO CHOPPING ZONE, they will likely chop, as usual? {image}

This thing aged pretty well?
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Probably, the next chopping zone is gonna be 135 or 1.36 down to 1.32?
Maadik Hugiis. IQ 69.
  • #552,400
  • Oct 12, 2020 1:17am Oct 12, 2020 1:17am
Break up of friday high .
Game over
Going to 1.30900
yes yes yes
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