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Cable Update (GBPUSD)

  • #557,841
  • Nov 9, 2020 4:56am Nov 9, 2020 4:56am
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yes yes yes
  • #557,842
  • Nov 9, 2020 5:05am Nov 9, 2020 5:05am
Looks like we are going up for the retest , as i said before a single swing down does not change the trend of whatever swing we are trading against
Follow The Markets Structure - Patience and Discipline
  • #557,843
  • Nov 9, 2020 5:06am Nov 9, 2020 5:06am
Ill watch levels 1.3160 and 1.3170 to enter short if i see a proper set up, otherwise will continue on the sidelines
  • #557,844
  • Nov 9, 2020 5:13am Nov 9, 2020 5:13am
should be looking around 3180 to 3190 for a short trade stops above 3200 , wait for some downside after the retest to confirm , not sure i will take this trade but risk reward is extremely good would be targeting maybe 3090 or a little below
Follow The Markets Structure - Patience and Discipline
  • #557,845
  • Nov 9, 2020 5:15am Nov 9, 2020 5:15am
Quoting pipfarm
should be looking around 3180 to 3190 for a short trade stops above 3200 , wait for some downside after the retest to confirm
should not cross 3160 imo..
if it will cross by 30m/1h close I will close my short
  • #557,846
  • Nov 9, 2020 5:18am Nov 9, 2020 5:18am
Quoting gatenio
{quote} should not cross 3160 imo..

For what reason if i may ask?
Follow The Markets Structure - Patience and Discipline
  • #557,847
  • Nov 9, 2020 5:21am Nov 9, 2020 5:21am
Quoting gatenio
{quote} should not cross 3160 imo.. if it will cross by 30m/1h close I will close my short
I have a similar view but 1.3160-1.3170, above i will look for a re-test
  • #557,848
  • Nov 9, 2020 5:24am Nov 9, 2020 5:24am
Quoting pipfarm
{quote} For what reason if i may ask?
1.
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2. three strategies that i use (MTF BBMA, MTF Ichimoku cloud and PA 15m chart) support my view.

you know, this is only my opinion, and they all put R on this level so this is my call bro.
  • #557,849
  • Nov 9, 2020 5:26am Nov 9, 2020 5:26am
Quoting gatenio
{quote} 1. {image} 2. three strategies that i use (MTF BBMA, MTF Ichimoku cloud and PA 15m chart) support my view. you know, this is only my opinion, and they all put R on this level so this is my call bro.

Its all good , always good to see why people have a certain view


good luck for today
Follow The Markets Structure - Patience and Discipline
  • #557,850
  • Nov 9, 2020 5:26am Nov 9, 2020 5:26am
Quoting fxmasterdxb
{quote} I have a similar view but 1.3160-1.3170, above i will look for a re-test
i know your 3160-3170 50%/61.8% of the last wave down.
  • #557,851
  • Nov 9, 2020 5:36am Nov 9, 2020 5:36am
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yes yes yes
  • #557,852
  • Nov 9, 2020 5:50am Nov 9, 2020 5:50am
Quoting gatenio
{quote} i know your 3160-3170 50%/61.8% of the last wave down.
  • #557,853
  • Nov 9, 2020 5:50am Nov 9, 2020 5:50am
Quoting gatenio
{quote} i know your 3160-3170 50%/61.8% of the last wave down.

now you know why i wait for the retest and some downside confirmation ,,,text book but i will not short against the major trend or wave
Follow The Markets Structure - Patience and Discipline
  • #557,854
  • Nov 9, 2020 5:50am Nov 9, 2020 5:50am
Gold will be dropping if anyone is interested
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  • #557,855
  • Nov 9, 2020 5:52am Nov 9, 2020 5:52am
any GBP news I missed? why all GBP pairs buying huge now?
  • #557,856
  • Nov 9, 2020 5:52am Nov 9, 2020 5:52am
why spike in market any reason
  • #557,857
  • Nov 9, 2020 5:52am Nov 9, 2020 5:52am
Quoting pipfarm
{quote} now you know why i wait for the retest, text book
i see.. this it strange but price dont lie.
i dont get the news
  • #557,858
  • Nov 9, 2020 5:54am Nov 9, 2020 5:54am
All the move due to the vaccine news
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  • #557,859
  • Nov 9, 2020 5:55am Nov 9, 2020 5:55am
And it will turn out that it isn't...
I play the trade gamble to feed my Porsche addiction.
  • #557,860
  • Nov 9, 2020 5:56am Nov 9, 2020 5:56am
Quoting Ehsank78
any GBP news I missed? why all GBP pairs buying huge now?
vaccine news. all risk assets are up
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