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Cable Update (GBPUSD)

  • #559,801
  • Nov 19, 2020 6:44am Nov 19, 2020 6:44am
Quoting Geester
{quote} It's just made a higher low. You might want to watch out for that.

What t/f are you referring to ? On 4hr re fractal swings I have (starting with Tuesday's 3272 hi) a HH, HL, HH, HH, and what will be a L below at today's current lo (or lower) when it firms up as a fractal swing. 4hr is below.
Attached Image
Trader with an Edge.
  • #559,802
  • Nov 19, 2020 6:45am Nov 19, 2020 6:45am
Quoting pipcenturion
{quote} Good level to sell from. I made one entry around the 1.325X level but still have one more sell limit at 1.327X
Omo Naija, Nice one. Those are my selling areas!!! watching it keenly
  • #559,803
  • Nov 19, 2020 6:48am Nov 19, 2020 6:48am
Quoting gatenio
important R for bears. {image}
That call was perfect. It was underappreciated.
Attached Image (click to enlarge)
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  • #559,804
  • Nov 19, 2020 6:54am Nov 19, 2020 6:54am
Quoting Moty
{quote} you mean LH at hourly chart {image}

I have that as a HH when this current 1hr candle closes...ie there was a LL @ 3224 then a H @ 3249 and then the 2nd LL at today's current lo - 3205 now this probable HH (when this current 1hr candle closes) above last H @ 3249. 1hr below.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #559,805
  • Nov 19, 2020 6:58am Nov 19, 2020 6:58am
Quoting shahab8b
{quote} That call was perfect. It was underappreciated. {image}
nice call there i missed re entry at top. sell limit was @67
  • #559,806
  • Nov 19, 2020 6:59am Nov 19, 2020 6:59am
Quoting shahab8b
{quote} That call was perfect. It was underappreciated. {image}

Even had the 3 and 5min regular bearish div to time entry...5min shown below with a nice PB close trigger.
Attached Image (click to enlarge)
Click to Enlarge Name: 6dbd0e2f5ef482090847c704f9fbab88.png Size: 49 KB
Trader with an Edge.
  • #559,807
  • Edited 7:13am Nov 19, 2020 6:59am | Edited 7:13am
that last spike up on h4 make bear more stronger cause now i see HnS pattern.. what we got now
+
1. Double Top H4
2. Double Top D1
3. HnS 4H

small tf (much distortion)
m15 Evening Star

-
theres a lot of Support at intraday (haha)
Monthly
still Bullish Bias

we might see 1.31 area imo..
Trade what you see, not what you think.. react and stay sharp..
  • #559,808
  • Nov 19, 2020 7:08am Nov 19, 2020 7:08am
Quoting Maximumheigh
{quote} Out of my long. A break of 1.3240 downward, we can start selling till 1.317x for today.
Can 1.3240 hold for the bear. another S at 1.3225.
Attached Image (click to enlarge)
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  • #559,809
  • Nov 19, 2020 7:10am Nov 19, 2020 7:10am
waiting for price to get below the band for 35-55 pips
Attached Image (click to enlarge)
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yes yes yes
  • #559,810
  • Nov 19, 2020 7:19am Nov 19, 2020 7:19am
Old support from the H1 correction retested @3225 and failed to break down, should head up from here but not concrete yet , correction is showing some divergence on the LH LL which is a good sign, just waiting for some upside momentum and my main entry signal to go long
Follow The Markets Structure - Patience and Discipline
  • #559,811
  • Nov 19, 2020 7:21am Nov 19, 2020 7:21am
Quoting Headland
{quote} Even had the 3 and 5min regular bearish div to time entry...5min shown below with a nice PB close trigger. {image}
Good observation! I actually posted this on my thread yesterday explaining the same type of setup https://www.forexfactory.com/thread/...2#post13270872
  • #559,812
  • Nov 19, 2020 7:25am Nov 19, 2020 7:25am
Quoting shahab8b
{quote} Good observation! I actually posted this on my thread yesterday explaining the same type of setup https://www.forexfactory.com/thread/...2#post13270872

Great post and sound advice re divergence. There was further potential resistance confluence with the 78.6% of the 3482-2675 move, and Wkly R1 at that zone to 3314 and the regular bearish divergence extended to 1hr chart. Hi-prob trading opps are all about seeking out confluence.
Trader with an Edge.
  • #559,813
  • Nov 19, 2020 7:33am Nov 19, 2020 7:33am
Quoting Maximumheigh
{quote} Can 1.3240 hold for the bear. another S at 1.3225. {image}
1.3240 held firmly. A break of 1.3225 should expose 1.3200. Can NY open do something!!!
  • #559,814
  • Nov 19, 2020 7:36am Nov 19, 2020 7:36am
Quoting Maximumheigh
{quote} 1.3240 held firmly. A break of 1.3225 should expose 1.3200. Can NY open do something!!!
it already break
Trade what you see, not what you think.. react and stay sharp..
  • #559,815
  • Nov 19, 2020 7:39am Nov 19, 2020 7:39am
Gold is trying to break down the daily support.....once 1848 goes...it will hurt
COT: The precious data ignored
  • #559,816
  • Nov 19, 2020 7:40am Nov 19, 2020 7:40am
Quoting kuroro001
Gold is trying to break down the daily support.....once 1848 goes...it will hurt
hurt who?
  • #559,817
  • Nov 19, 2020 7:42am Nov 19, 2020 7:42am
Quoting miedpreneur
{quote} it already break
Yes. let see if there will be a retest. we should see 1.317x today
  • #559,818
  • Nov 19, 2020 7:42am Nov 19, 2020 7:42am
GU, it might be forming a zigzag
Attached Image (click to enlarge)
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  • #559,819
  • Nov 19, 2020 7:47am Nov 19, 2020 7:47am
Quoting Ehsank78
{quote} hurt who?
The buyers, mostly retailers
They are all buying Gold as per WallStreet calls
COT: The precious data ignored
  • #559,820
  • Nov 19, 2020 7:48am Nov 19, 2020 7:48am
Quoting Maximumheigh
{quote} Yes. let see if there will be a retest. we should see 1.317x today
yes thats my first target too.. but first we must break 1.3200

me adjusting SL.. anything can happen..
Trade what you see, not what you think.. react and stay sharp..
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