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Cable Update (GBPUSD)

  • #559,781
  • Nov 19, 2020 5:10am Nov 19, 2020 5:10am
Quoting VM.
GU is suddenly bought. Let me guess: Brexit tweet?
And so it is!
https://www.forexlive.com/news/!/bre...-week-20201119

I was actually expecting a positive Brexit tweet, this pattern works like clock lately.
  • #559,782
  • Nov 19, 2020 5:11am Nov 19, 2020 5:11am
...strong move up off that 23.6% fib/wkly pivot aided by that brexit news....nice 5min tweezer top at current pullback hi there which is above last LH and H on 1hr now...1hr below.
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Trader with an Edge.
  • #559,783
  • Edited 5:35am Nov 19, 2020 5:20am | Edited 5:35am
haha finally good spike up.. im sell again.. go go go.. @1.32497
TP open below 1.32 not decide yet need to see devepment of PA
SL @BE

for any one who hope it might retested 1.3280 it still intact but 1.33 hmm.. maybe not for now..
double top H4,D1
posible double top at W1

i go with short atm
Trade what you see, not what you think.. react and stay sharp..
  • #559,784
  • Nov 19, 2020 5:21am Nov 19, 2020 5:21am
Quoting hans91
{quote} Yes long term is good for longs especially monthly TF forms falling wedge which should take higher to 1.4 - 1.5.however, daily chart carved double top, I think it will drop first to 1.3110.. for a while I prefer sell the high..
Fair enough..
I just prefer to buy dips even upto your target area.. Considering the long term idea, I am leaning on the bull side because I don’t want to be caught pants down Incase spike-lee decides to walks in anytime..

Lets see how it goes
StaySafe
  • #559,785
  • Nov 19, 2020 5:22am Nov 19, 2020 5:22am
1.32298 is the top of the bull doji on H1.. I’m throwing in a few buys here too..

SS
  • #559,786
  • Nov 19, 2020 5:36am Nov 19, 2020 5:36am
It is likely that gbp/usd could be pushed down by the 55– and 100-hour moving averages in the 1.3230/1.3255, nearest support level, formed by the weekly S1, is located at 1.3102. Meanwhile could gain support from the weekly PP and the 200-hour SMA near 1.3210. Thus, some upside potential could prevail in the market in the short run.
Sharing is caring!
  • #559,787
  • Nov 19, 2020 5:43am Nov 19, 2020 5:43am
Looks to me like the H1 formed a correction 3 swings down to support failed to break then pushed up broke support and resistance from the correction , retested and is now continuing up and could make a new high above 3310 heading towards 3500
Follow The Markets Structure - Patience and Discipline
  • #559,788
  • Nov 19, 2020 5:45am Nov 19, 2020 5:45am
Quoting Maximumheigh
{quote} A break of 1.3240 will expose 1.3275. Offloaded some of my long. offloading the rest around 1.327x if 1.3240 is taking out. I will start selling from 1.327x!!!
1.327x within reach as 1.3240 has been broken. offloading my last buy around that area and start selling again from there.
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  • #559,789
  • Nov 19, 2020 5:46am Nov 19, 2020 5:46am
...classic bounce off the prev 5/15/30min swing hi's ie pot rbs - entry timed with the 1min bullish hidden div. Speaking of div the regular bullish div at today's current lo - shown on 15min below extended 1min - 30min. 50% of the fall from y/day's hi - today's current lo reached now.
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Trader with an Edge.
  • #559,790
  • Nov 19, 2020 5:53am Nov 19, 2020 5:53am
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yes yes yes
  • #559,791
  • Nov 19, 2020 5:57am Nov 19, 2020 5:57am
important R for bears.
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  • #559,792
  • Nov 19, 2020 6:04am Nov 19, 2020 6:04am
Quoting gatenio
important R for bears. {image}

yeh, that prev 1hr sw lo then hi zone = pot sbr/res, ie it has already seen res at top of it/dly pivot - @ today's current hi....It is the present upside obstacle for bulls. 1hr below.
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Trader with an Edge.
  • #559,793
  • Nov 19, 2020 6:05am Nov 19, 2020 6:05am
Here is today's FPA analysis. Right or wrong?

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  • #559,794
  • Nov 19, 2020 6:08am Nov 19, 2020 6:08am
Quoting gatenio
important R for bears. {image}
work sweet, but still not sure it's a short for big time.
4h need more consolidation time.. want price to squeeze some before.
  • #559,795
  • Nov 19, 2020 6:09am Nov 19, 2020 6:09am
Quoting Moty
{image}
yes, it is a good place to add shorts.

can you explain your reason why you see this place for shorts?
  • #559,796
  • Nov 19, 2020 6:16am Nov 19, 2020 6:16am
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yes yes yes
  • #559,797
  • Nov 19, 2020 6:19am Nov 19, 2020 6:19am
Quoting Maximumheigh
{quote} 1.327x within reach as 1.3240 has been broken. offloading my last buy around that area and start selling again from there. {image}
Out of my long. A break of 1.3240 downward, we can start selling till 1.317x for today.
  • #559,798
  • Nov 19, 2020 6:21am Nov 19, 2020 6:21am
Hi Guys,

I have opened sell trades with subtle bearish hints.

All the best
Cheers.
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Trade to trade another day
  • #559,799
  • Nov 19, 2020 6:36am Nov 19, 2020 6:36am
Quoting Wavegarrick
Hi Guys, I have opened sell trades with subtle bearish hints. All the best Cheers. {image}
Good level to sell from.

I made one entry around the 1.325X level but still have one more sell limit at 1.327X
  • #559,800
  • Nov 19, 2020 6:41am Nov 19, 2020 6:41am
Quoting Geester
{quote} It's just made a higher low. You might want to watch out for that.
you mean LH at hourly chart
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yes yes yes
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