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Cable Update (GBPUSD)

  • #558,701
  • Nov 13, 2020 2:58am Nov 13, 2020 2:58am
Bears and bulls fighting. who will win?
  • #558,702
  • Nov 13, 2020 2:59am Nov 13, 2020 2:59am
Today is bearish day ..what happen at chart just correction all rsi to further down...sma all in bearish mode for th1..let see what happen..
  • #558,703
  • Nov 13, 2020 3:00am Nov 13, 2020 3:00am
Quoting KiwiTrada
{quote} 105 pierced, trade still maybe ok if present lows hold we now have a rising (little rise) chanel much prefered to penants, that is 2 taps utl 2 taps ltl if previous 4hr low holds 104 849 (allowing for pierce/slippage ) to previous low 104 813, long would still be good, under there next to be aware of fade, 103 169,yen is notorious for fades, long 1st target will be utl of chanel 4hr approx 105 64
starting to gain momentum, looking good :-)
If you are new to Forex? Say Goodbye to your account!!
  • #558,704
  • Nov 13, 2020 3:05am Nov 13, 2020 3:05am
I saw 1.33 above now. Sl 50pips. . Good luck n green pips
  • #558,705
  • Nov 13, 2020 3:06am Nov 13, 2020 3:06am
gold silver both squeezing tighter and tighter ,mondays big dump still in play picking a direction and/or waiting for BO very very tricky, possibly have to wait till next week, my guess will be a continuation south adding to the daily weekly pull back, monthly still bullish longer term but pull back is pull back!!!
If you are new to Forex? Say Goodbye to your account!!
  • #558,706
  • Nov 13, 2020 3:07am Nov 13, 2020 3:07am
Quoting Mastapips60
Today is bearish day ..what happen at chart just correction all rsi to further down...sma all in bearish mode for th1..let see what happen..
i dont know which tf are u using, but think about other scenarios, what if last two days bearish move is just the correction?
  • #558,707
  • Nov 13, 2020 3:15am Nov 13, 2020 3:15am
Quoting gatenio
{quote} i dont kniw which tf are u using, but think about other scenarios, what if last two days bearish move is just the correction?
Let see i use sma and fibo extension to know where price to go ..if 261.8 not complete trend still bearish to me
  • #558,708
  • Nov 13, 2020 3:16am Nov 13, 2020 3:16am
Quoting gatenio
{quote} i dont know which tf are u using, but think about other scenarios, what if last two days bearish move is just the correction?
My sma already linear yellow green red..this my setup i use
Attached Image (click to enlarge)
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  • #558,709
  • Edited 4:29am Nov 13, 2020 3:20am | Edited 4:29am
Some alternate outlook, Buy stop was triggered.
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  • #558,710
  • Nov 13, 2020 3:23am Nov 13, 2020 3:23am
Quoting Mastapips60
{quote} My sma already linear yellow green red..this my setup i use {image}
the problem with MA’s that they just showing the avarage of...

its good to spot a trend but it all can be temporary..
just saying.

but good luck mate.
  • #558,711
  • Nov 13, 2020 3:23am Nov 13, 2020 3:23am
Quoting gatenio
{quote} 3 hours sometimes can affect it big time. i hate it, im using tradingview for another picture. it affect on 4h view too..
careful, it affects 4h too i guess
Twitter: Rummer_grapes
  • #558,712
  • Nov 13, 2020 3:38am Nov 13, 2020 3:38am
... Re fractal swings (my preferred method of assessing chart conditions, ie range or trend,) I would argue that dly and 4hr remain in 'general' fractal uptrends and 20/50/100 ema crosses remain up on these two t/f's. Re 1hr a general fractal downtrend with same ema's crossed down. These 20/50/100 ema crosses over the t/f's are as below.
Attached Image
Trader with an Edge.
  • #558,713
  • Nov 13, 2020 3:43am Nov 13, 2020 3:43am
tp 1.31969
sl 1.31330
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yes yes yes
  • #558,714
  • Nov 13, 2020 4:01am Nov 13, 2020 4:01am
1.3185-1.32 could provide a good opportunity to short, will assess and look for weakness to sell
  • #558,715
  • Nov 13, 2020 4:02am Nov 13, 2020 4:02am
TP 1.31830 SL 1.31260
Attached Image (click to enlarge)
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  • #558,716
  • Nov 13, 2020 4:06am Nov 13, 2020 4:06am
Quoting Moty
tp 1.31969 sl 1.31330 {image} {image} {image}
Hi Moty, is there a possibility to visit 1.3224, that would bring me a happy weekend, the floating loss would get breakeven. Thanks.
  • #558,717
  • Nov 13, 2020 4:14am Nov 13, 2020 4:14am
... approaching Dly R1 and 76.4% 3228-3107 in that prev 1hr/4hr sw hi then lo (then hi again on 1hr) zone...4hr below.
Attached Image
Trader with an Edge.
  • #558,718
  • Nov 13, 2020 4:15am Nov 13, 2020 4:15am
The price reached a fair resistance area.
Risk Management is of utmost importance!
  • #558,719
  • Nov 13, 2020 4:15am Nov 13, 2020 4:15am
All out at 1.31800 area
140 $ profit on that trade
Attached Image(s) (click to enlarge)
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yes yes yes
  • #558,720
  • Nov 13, 2020 4:20am Nov 13, 2020 4:20am
Quoting Moty
All out at 1.31800 area 140 $ profit on that trade {image} {image}
Well in my friend . good call
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