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Cable Update (GBPUSD)

  • #559,881
  • Nov 19, 2020 8:48am Nov 19, 2020 8:48am
... current state of the 20/50/100 ema crosses as below.
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Trader with an Edge.
  • #559,882
  • Nov 19, 2020 8:48am Nov 19, 2020 8:48am
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
Ok, thanks. My view is different; I see metals and Dow lower, and FX pairs mostly lower or unchanged for the day against dollar. As stock market is somewhat calmer today, I don't expect much movement for the rest of the day to be honest. Unless we see risk off again, and in this case dollar will be bought.
  • #559,883
  • Edited 10:00am Nov 19, 2020 9:23am | Edited 10:00am
Price broke out of wedge, expecting it to reach 1.32750 first
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  • #559,884
  • Nov 19, 2020 9:31am Nov 19, 2020 9:31am
Hoping for a strong bull tomorrow, which would end this trend for the next couple of months. Ideally strong into the close and above 3300.
Everyone can see the chart, but only a few can actually read it.
  • #559,885
  • Nov 19, 2020 9:55am Nov 19, 2020 9:55am
Quoting OnlineAddict
Hoping for a strong bull tomorrow, which would end this trend for the next couple of months. Ideally strong into the close and above 3300.
Wait a sec.....you're expecting another spike in the 3300s tomorrow to finally complete this uptrend??
Lost....
  • #559,886
  • Nov 19, 2020 10:05am Nov 19, 2020 10:05am
Quoting gespiri
{quote} Wait a sec.....you're expecting another spike in the 3300s tomorrow to finally complete this uptrend??
Not expecting, hoping for it, it would make things clear to me into december. Otherwise I will need to find different trades for next week and beyond that.
Everyone can see the chart, but only a few can actually read it.
  • #559,887
  • Nov 19, 2020 10:06am Nov 19, 2020 10:06am
Le$$ I$ More
  • #559,888
  • Nov 19, 2020 10:09am Nov 19, 2020 10:09am
Quoting OnlineAddict
{quote} Not expecting, hoping for it, it would make things clear to me into december. Otherwise I will need to find different trades for next week and beyond that.
Got it. It would depend how the daily candle will close later.
I expect 1.3200 or 1.3183 to be tested tomorrow. If it bounces there hard, then I see your 1.33+.
Lost....
  • #559,889
  • Nov 19, 2020 10:12am Nov 19, 2020 10:12am
Quoting gespiri
{quote} Got it. It would depend how the daily candle will close later. I expect 1.3200 or 1.3183 to be tested tomorrow. If it bounces there hard, then I see your 1.33+.
There is strong bottoming on hourly, I would say if up, then straight up, with some minor correction during Tokyo or Frankfurt. But its friday, who the hell knows...
Everyone can see the chart, but only a few can actually read it.
  • #559,890
  • Nov 19, 2020 10:14am Nov 19, 2020 10:14am
...4hr prints a bullish bodied hammer on this broker timings below. (gmt+2)
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Trader with an Edge.
  • #559,891
  • Edited 11:05am Nov 19, 2020 10:14am | Edited 11:05am
gu still bullish
yes yes yes
  • #559,892
  • Nov 19, 2020 10:19am Nov 19, 2020 10:19am
3234 i am in long now

Larger degree H1 support tested and failed to break down , smaller degree H1 down trend correction has failed, momentum is rising, this time the correction is showing some serious divergence on the lower high lower low from the correction

H4 AND D1 all confirming, see you guys somewhere above 3312

Wave 3 should be fast and furious maybe tonight or tomorrow as it gathers momentum
Follow The Markets Structure - Patience and Discipline
  • #559,893
  • Nov 19, 2020 10:32am Nov 19, 2020 10:32am
... will need an upside break of the 1hr descending channel for more bullishness. 1hr below.
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Trader with an Edge.
  • #559,894
  • Nov 19, 2020 10:51am Nov 19, 2020 10:51am
bull comeback or bear strike back..
Trade what you see, not what you think.. react and stay sharp..
  • #559,895
  • Nov 19, 2020 10:56am Nov 19, 2020 10:56am
Quoting kk300
{quote} Not possible right now... it wont get pass 3250.. and there is more downside..
After your 1,3250 is gone in a few minutes then see you on top
Make money by doing the opposite of Giveachance aka loser
  • #559,896
  • Nov 19, 2020 11:14am Nov 19, 2020 11:14am
Quoting Maximumheigh
{quote} We will get to 1.327x before any downward move for now.
We are on course. Definitely we get there.....looking bullish. Let see reaction of price around 1.327x- 1.33x for a possible downward move.
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  • #559,897
  • Nov 19, 2020 11:15am Nov 19, 2020 11:15am
Quoting nessus94
{quote} After your 1,3250 is gone in a few minutes then see you on top

Lol...another absolutely confident definitive statement goes up in smoke....No such thing as 'not possible' and 'won't,' (substitute with 'possible/not probable' and 'might,') as those of us that know that anything can happen and that we can't actually even predict the next tick in price , and are comfortable with that. You don't have to know what will happen next to make money - which is good because none of us do, even those that think they alone have the gift or foresight/prediction.
Trader with an Edge.
  • #559,898
  • Nov 19, 2020 11:15am Nov 19, 2020 11:15am
BUy resumes...
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Le$$ I$ More
  • #559,899
  • Nov 19, 2020 11:19am Nov 19, 2020 11:19am
c'mon bulls im with you till 1.327 area.. after that i will think again haha

and if you failed reach that area.. i will go with bear again..
Trade what you see, not what you think.. react and stay sharp..
  • #559,900
  • Nov 19, 2020 11:22am Nov 19, 2020 11:22am
Quoting nessus94
{quote} After your 1,3250 is gone in a few minutes then see you on top
i dont get it, can you explain why price is moving up ?
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