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Cable Update (GBPUSD)

  • #555,661
  • Oct 29, 2020 2:50pm Oct 29, 2020 2:50pm
Hello everyone,

Please does anyone see a symmetrical triangle on the daily chart of GBPUSD?

Please share your views.

Thanks in advance.
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  • #555,662
  • Oct 29, 2020 2:59pm Oct 29, 2020 2:59pm
Quoting Olabanji-Tex
Hello everyone, Please does anyone see a symmetrical triangle on the daily chart of GBPUSD? Please share your views. Thanks in advance. {image}
You can say so
it can be a channel to
  • #555,663
  • Edited 3:46pm Oct 29, 2020 3:34pm | Edited 3:46pm
... price has tested deeper into that prev 1hr/4hr sw lo x 2 zone to 2940 (current pullback hi = 2936) where it has again met with some supply at the 38.2% fib of today's 3025-2880 move down...this remains the 1st 1hr+ upside obstacle for the £ bulls.

Looking to the downside the prev 1hr/4hr/dly sw lo zone = prev supp = pot supp, where today's current lo (2880) found demand remains the 1st 1hr+ downside obstacle for £ bears in which the 61.8% of 2674-3176 resides @ 2866...looking further south on the daily - there are further prev sw lo zones=prev supp = pot supp down to and including prev sw lo zone to 2674, as well as the last asc (ascending) t/line joining 1411 with 2251...I have plotted some fib extensions of the 2862-3176 move on the daily chart below.

Known event risks for tomorrow are the U.s data and potentially month end flows that could affect price. Still only 52% of the 3mth amr covered going into final trading day of the month.
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Trader with an Edge.
  • #555,664
  • Oct 29, 2020 4:23pm Oct 29, 2020 4:23pm
Seems like tomorrow might be an interesting day. Month end but with lots of Red calendar events. Also with the US election hotting up. I’m hoping we get some big green pips
Insane in the Brain..
  • #555,665
  • Oct 29, 2020 5:25pm Oct 29, 2020 5:25pm
Any one expect 1.2850 area today?
good luck
  • #555,666
  • Oct 29, 2020 6:01pm Oct 29, 2020 6:01pm
Quoting tito5615104
Any one expect 1.2850 area today?
nope.
If you're gonna be a bear, be a grizzly
  • #555,667
  • Oct 29, 2020 7:01pm Oct 29, 2020 7:01pm
Quoting warrensapp
{quote} nope.
i sense a rise towards 1.3 before a bigger drop. Although 12850 would make a great entry point for a long trade.
Insane in the Brain..
  • #555,668
  • Oct 29, 2020 8:15pm Oct 29, 2020 8:15pm
Quoting MoneyZilla
{quote} nah... i will trade against all of you. this is not a joke. not at all.
I'm so worried about a cents account trader trading against me, definitely could move the market.

Quoting tito5615104
Any one expect 1.2850 area today?
Nope, leaning towards bullish for now.
I will tear the world apart for you.
  • #555,669
  • Oct 29, 2020 8:49pm Oct 29, 2020 8:49pm
Quoting Coreg2004
{quote} Bones, @Georginson joined our Elliottician club...he is spot on with EW/HP methods ... {image}{image}{image}Edit: plus instructions for newcomers... {image} {image}
Really ?
I like George I know he has other reasons like formulas just frustrated me he never backed it up in the post .
You're post here is what I call a super post ,so on Elliott we still bullish beyond the high ?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #555,670
  • Oct 29, 2020 9:03pm Oct 29, 2020 9:03pm
Quoting MoneyZilla
once, nessy was one of georgie's worst critics... but now? they do look like teammates?️ {image}
Keep posting .. I love see cute and funny guy
  • #555,671
  • Oct 29, 2020 9:14pm Oct 29, 2020 9:14pm
Quoting DailyChart
{quote} Keep posting .. I love see cute and funny guy
I will tear the world apart for you.
  • #555,672
  • Oct 29, 2020 11:34pm Oct 29, 2020 11:34pm
more downtrend ahead
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yes yes yes
  • #555,673
  • Oct 29, 2020 11:42pm Oct 29, 2020 11:42pm
Quoting nessus94
{quote} What ? i was long 1,2920 and added 1,2885 i know what i do and before that ? Check my last posts, i said i keep shorting for 1,2905 and now i look for bounce when bounce is done i look for 1,24 1,21 and 1,17 i said it a lot of Time befor
Don't waste your time with him, it's not worth it.
I will tear the world apart for you.
  • #555,674
  • Oct 29, 2020 11:53pm Oct 29, 2020 11:53pm
i went for gj today
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but after all said and done , the gu made a bigger drop yesterday from its high
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yes yes yes
  • #555,675
  • Oct 30, 2020 12:05am Oct 30, 2020 12:05am
Quoting Moty
more downtrend ahead {image} {image} {image} {image} {image}
yes off course bearish more BEARISH
wow
  • #555,676
  • Oct 30, 2020 12:18am Oct 30, 2020 12:18am
buy 1.2906 to 1.298
  • #555,677
  • Oct 30, 2020 12:24am Oct 30, 2020 12:24am
Quoting Barnell
{quote} I'm so worried about a cents account trader trading against me, definitely could move the market. {quote} Nope, leaning towards bullish for now.

I knew you can’t process that piece of information. You are predictive...

We shall see how good are the traders here by keeping an exact record of their +/- balance.

This will praise them... or, I personally lean towards the second option, will shut up those with impure background goals...

There is a teaming up group here. They play it like their against each other. At some breaking point they suddenly get united. Will steer their cards a little bit...
Maadik Hugiis. IQ 69.
  • #555,678
  • Oct 30, 2020 12:24am Oct 30, 2020 12:24am
y's low at gj broke , go go go
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yes yes yes
  • #555,679
  • Oct 30, 2020 12:25am Oct 30, 2020 12:25am
Quoting Arief-
Nice day everyone one thing that makes me happy is being able to follow the market movements according to his will {image}
Follow what he wants
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  • #555,680
  • Oct 30, 2020 12:26am Oct 30, 2020 12:26am
Quoting MoneyZilla
{quote} I knew you can’t process that piece of information. You are predictive... We shall see how good are the traders here by keeping an exact record of their +/- balance. This will praise them... or, I personally lean towards the second option, will shut up those with impure background goals... There is a teaming up group here. They play it like their against each other. At some breaking point they suddenly get united. Will steer their cards a little bit...
If you say so...
I will tear the world apart for you.
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