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Cable Update (GBPUSD)

  • #559,861
  • Nov 19, 2020 9:48am Nov 19, 2020 9:48am
Quoting kk300
{quote} It will be a bumpy ride but we ll get there at the end of the day.
End of the day? No
the dollar is sold off, we will meet at 1,33
Make money by doing the opposite of Giveachance aka loser
  • #559,862
  • Nov 19, 2020 9:48am Nov 19, 2020 9:48am
Quoting CableDay
Hi guys, am new here. Have been reading everyone’s ideas and am here to learn. Am expecting cable to retrace to 1.327 before next move. Trade safe everyone
new in trading or new in forexfactory?
  • #559,863
  • Nov 19, 2020 9:49am Nov 19, 2020 9:49am
Quoting genadi
{quote} new in trading or new in forexfactory?
New to Forexfactory forum haha.
Just thought to join in the conversation
  • #559,864
  • Nov 19, 2020 9:53am Nov 19, 2020 9:53am
Quoting Maximumheigh
{quote} offloading some buy around 1.323x. very strong 1hr hammer at S. more upside likely to 1.327x
We will get to 1.327x before any downward move for now.
  • #559,865
  • Nov 19, 2020 9:56am Nov 19, 2020 9:56am
Quoting Maximumheigh
{quote} We will get to 1.327x before any downward move for now.
why?
price visited 1.3260 already. why 1.3270 is important?
  • #559,866
  • Nov 19, 2020 10:07am Nov 19, 2020 10:07am
Quoting genadi
{quote} why? price visited 1.3260 already. why 1.3270 is important?
There’s a broadening wedge pattern before continuation of any down trend
  • #559,867
  • Nov 19, 2020 10:07am Nov 19, 2020 10:07am
Quoting Maximumheigh
{quote} We will get to 1.327x before any downward move for now.

why would we go there again , and then come down, you guys have got this all wrong, if it goes 3270 this time it will break it , your trading a correction in the bigger scheme of price

If the larger support breaks then it probably will go down, so im not saying 100% it will go up, at the moment it could go either way but based on the HTFs i would favor longs over short until the h1 support breaks
Follow The Markets Structure - Patience and Discipline
  • #559,868
  • Nov 19, 2020 10:16am Nov 19, 2020 10:16am
Quoting nessus94
{quote} End of the day? No the dollar is sold off, we will meet at 1,33
Your calls are usually great, but why are you saying dollar is sold off? Looking at the charts, I cannot see it at all.
  • #559,869
  • Nov 19, 2020 10:17am Nov 19, 2020 10:17am
when the mf bulls let go?
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  • #559,870
  • Nov 19, 2020 10:20am Nov 19, 2020 10:20am
Quoting pipfarm
{quote} why would we go there again , and then come down, you guys have got this all wrong, if it goes 3270 this time it will break it , your trading a correction in the bigger scheme of price
This is a forcast friend. Price reaction at 1.3200 with a strong hammer formation looks good. But things can suddenly change. We also have a very strong R around that 1.327x area which can cause a continuation of downward movement.
  • #559,871
  • Nov 19, 2020 10:20am Nov 19, 2020 10:20am
Quoting pipfarm
{quote} why would we go there again , and then come down, you guys have got this all wrong, if it goes 3270 this time it will break it , your trading a correction in the bigger scheme of price If the larger support breaks then it probably will go down, so im not saying 100% it will go up, at the moment it could go either way but based on the HTFs i would favor longs over short until the h1 support breaks
.
  • #559,872
  • Nov 19, 2020 10:23am Nov 19, 2020 10:23am
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yes yes yes
  • #559,873
  • Nov 19, 2020 10:24am Nov 19, 2020 10:24am
Quoting nessus94
{quote} End of the day? No the dollar is sold off, we will meet at 1,33
Not possible right now... it wont get pass 3250.. and there is more downside..
  • #559,874
  • Nov 19, 2020 10:27am Nov 19, 2020 10:27am
...depending on today's daily candle close there could be a fractal LH @ 3312 on that t/f after the last last HL @ 3107 and HH @ 3314 in it's general fractal uptrend...effectively a double top on this dly t/f too following 1hr and 4hr ? Let' see if such a fractal LH does result with close of today's candle. Price has already breeched the steepest asc t/line to the downside (slightly) on that t/f. Dly below. Longer term bears might take encouragement from such a development ?
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Trader with an Edge.
  • #559,875
  • Nov 19, 2020 10:31am Nov 19, 2020 10:31am
Quoting VM.
{quote} Your calls are usually great, but why are you saying dollar is sold off? Looking at the charts, I cannot see it at all.
Dxy chart is looking bad
if you look at the yen, the cad You can see its guided by usd fall to me
Make money by doing the opposite of Giveachance aka loser
  • #559,876
  • Nov 19, 2020 10:31am Nov 19, 2020 10:31am
Quoting kk300
{quote} Not possible right now... it wont get pass 3250.. and there is more downside..
Just wait
Make money by doing the opposite of Giveachance aka loser
  • #559,877
  • Nov 19, 2020 10:35am Nov 19, 2020 10:35am
...potential 1hr/4hr supp zone down to 3293/desc channel bottom has held and bounce has reached 38.2% of the total 3312-3196 fall / 61.8% of the daily fall at the current p/back / recovery hi. 1hr below. Could be a bit of a diamond pattern developing on 1hr ?
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Trader with an Edge.
  • #559,878
  • Nov 19, 2020 10:35am Nov 19, 2020 10:35am
Quoting nessus94
{quote} Dxy chart is looking bad if you look at the yen, the cad You can see its guided by usd fall to me
Agree there , bounced of its topside resistance H4 and heading down same as most usd front running pairs with cable and euro bouncing of their downside support and heading up
Follow The Markets Structure - Patience and Discipline
  • #559,879
  • Nov 19, 2020 10:42am Nov 19, 2020 10:42am
What a downtrend...what a slaughter...
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Always trade your own plan...I don't provide trading signals.
  • #559,880
  • Nov 19, 2020 10:44am Nov 19, 2020 10:44am
FOR 20 PIPS
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yes yes yes
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