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Cable Update (GBPUSD)

  • #559,981
  • Nov 20, 2020 12:07am Nov 20, 2020 12:07am
Quoting Maximumheigh
What a healthy debate we have here. I like it when great minds come together and argue the various market sentiments. In addition, I place so much attention to support and resistance area along with price formation when taking decision. We are currently at the top for the week and I will probably be looking for a sell position. I had a sell last night but closed at BE. I will be looking to sell around 1.327x-1.33. Let see what London brings.

At the end there must always be a winner or a loser.

All in favour of Sell say Hi
All in Favour of buy say Nul
Keep the Lights on then you can catch the rise from the dark.
  • #559,982
  • Nov 20, 2020 12:09am Nov 20, 2020 12:09am
Quoting ricmaj
{quote} At the end there must always be a winner or a loser. All in favour of Sell say Hi All in Favour of buy say Nul
Nul
  • #559,983
  • Nov 20, 2020 12:11am Nov 20, 2020 12:11am
Quoting ricmaj
{quote} At the end there must always be a winner or a loser. All in favour of Sell say Hi All in Favour of buy say Nul
Hi
Data + Stat + Risk/Emotions Management
  • #559,984
  • Nov 20, 2020 12:13am Nov 20, 2020 12:13am
Quoting malcolmb14
{quote} nothing makes sense any more ....we might see some spike on daily above prior highs and then they tank it . issue is with stimulus talks is usd gets crushed ....... I am a trend trader ... right now daily 4,2,1 and 30 are tredning up I buy dips ..and try not to think so much
A spike and a tank is what I expect to be honest.

Stimulus talks yes (although I don't believe they will lead to something), but we actually had quite negative (=USD positive) news yesterday that Treasury wants to stop sone emergency funding programs and unemployment benefits. The subsequent dip was bought in Asian session, but maybe just for Europe to sell, let's see.
  • #559,985
  • Nov 20, 2020 12:18am Nov 20, 2020 12:18am
Quoting VM.
{quote} A spike and a tank is what I expect to be honest. Stimulus talks yes (although I don't believe they will lead to something), but we actually had quite negative (=USD positive) news yesterday that Treasury wants to stop sone emergency funding programs and unemployment benefits. The subsequent dip was bought in Asian session, but maybe just for Europe to sell, let's see.
there are all kinds of games played . news is just used to move the markets as they please .
Blogging daily now at www.volume.zone
  • #559,986
  • Nov 20, 2020 12:20am Nov 20, 2020 12:20am
Quoting VM.
{quote} A spike and a tank is what I expect to be honest. Stimulus talks yes (although I don't believe they will lead to something), but we actually had quite negative (=USD positive) news yesterday that Treasury wants to stop sone emergency funding programs and unemployment benefits. The subsequent dip was bought in Asian session, but maybe just for Europe to sell, let's see.
to make all happy let it go to 1.33 and drop below 1.32
  • #559,987
  • Nov 20, 2020 12:22am Nov 20, 2020 12:22am
Quoting Georginson
{quote} Hi
not yet, h4 not ready yet.
it will take some candles.. so maybe not today.
it will fall to at least last LH on daily, but need to wait for not be -50/100 before the drop
  • #559,988
  • Nov 20, 2020 12:25am Nov 20, 2020 12:25am
Quoting ricmaj
{quote} At the end there must always be a winner or a loser. All in favour of Sell say Hi All in Favour of buy say Nul
Hi,
  • #559,989
  • Nov 20, 2020 12:46am Nov 20, 2020 12:46am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 46 KB


two scenarios ahead for GBPUSD.
  • #559,990
  • Nov 20, 2020 12:53am Nov 20, 2020 12:53am
Quoting Georginson
We are all trading against pre planned rates of major market makers and the price has to travel the distance set by them, they are so smart not to make it obvious but look deeper and you will discover mysteries.
What most of us don't understand or refuse to understand.....
Lost....
  • #559,991
  • Nov 20, 2020 1:14am Nov 20, 2020 1:14am
Quoting gespiri
{quote} What most of us don't understand or refuse to understand.....
There you have it...
Data + Stat + Risk/Emotions Management
  • #559,992
  • Nov 20, 2020 1:16am Nov 20, 2020 1:16am
UK, EU trade agreement could be announced Monday: Telegraph

that is way market is doing noting.
MA provides the market's current direction and strength.
  • #559,993
  • Nov 20, 2020 1:17am Nov 20, 2020 1:17am
1.317x still untested. can we see a sell to that region. I am all for sell today!
  • #559,994
  • Nov 20, 2020 1:28am Nov 20, 2020 1:28am
Minimum weekly range of 200 pips not yet attained this week...

Current weekly low : 1.3164
Current weekly high: 1.3312
Range = 148 pips....

Current high (1.3312) minus 200 pips = 1.3012
Current low (1.3164) plus 200 pips = 1.3364

Today is Friday and last trading day of the week... The current price is closer to the weekly high than the weekly low... Could this mean 1.3364 is possible today before a fall? Or could this mean we will have a new weekly lowest range in the last 5 months being 148 pips?
Data + Stat + Risk/Emotions Management
  • #559,995
  • Nov 20, 2020 1:39am Nov 20, 2020 1:39am
Good Morning Traders,

Sticking with my bull idea till 1.34089 before any retrace then continue buying.

My only question is, will the above handle be reached today? Yesterday’s daily rejection should push us north in an aggressive manner..

Someone please call Spike-Lee

Let’s see how it all goes...
StaySafe and TGIF
  • #559,996
  • Nov 20, 2020 1:43am Nov 20, 2020 1:43am
Quoting JayBag
Good Morning Traders, Sticking with my bull idea till 1.34089 before any retrace then continue buying. My only question is, will the above handle be reached today? Yesterday’s daily rejection should push us north in an aggressive manner.. Someone please call Spike-Lee Let’s see how it all goes... StaySafe and TGIF
The volume adjusted price has inflected in the just concluded hour.

I expect a sell off
Attached Image (click to enlarge)
Click to Enlarge Name: jaybag_vap.PNG Size: 53 KB
  • #559,997
  • Nov 20, 2020 1:44am Nov 20, 2020 1:44am
Not sure why my posts are not cleared by FF at the time when i posted earlier.

This is my take on cable for the moment.
Bull run to continue to 1.331 before retracing.
Will keep on eye to add during retracement.
Attached Image (click to enlarge)
Click to Enlarge Name: 201120.jpg Size: 1.0 MB


Trade safe everyone
  • #559,998
  • Nov 20, 2020 1:51am Nov 20, 2020 1:51am
Lucky for the one who said who saw a hanging man. Hold that rope buddy that hanging man's going down
Set GOAL, REACH and REPEAT.
  • #559,999
  • Nov 20, 2020 1:51am Nov 20, 2020 1:51am
Quoting Maximumheigh
1.317x still untested. can we see a sell to that region. I am all for sell today!
I want to see 1.322x. That is another value area. Then we can watch price formation for further move down.
  • #560,000
  • Nov 20, 2020 1:52am Nov 20, 2020 1:52am
Looking beyond today, and into next week, where do you see GBP/USD heading in the event of a Brexit deal being agreed? In my opinion, we can expect to see Sterling jump 1.40 against the Dollar. What are your thoughts?
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