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Cable Update (GBPUSD)

  • #560,301
  • Nov 23, 2020 1:37am Nov 23, 2020 1:37am
Quoting JayBag
{quote} True that bud. 1.331548 is my entry for this week.. I have plans to just load up below 1.332959.. If/when we close above 1.332959, I think that will be it for the week.. I expect retracement next week. This week, I am anticipating a full bull week. Let's see SS
I expect a bearish finish to this week... Have you considered the price has bought for 3 consecutive weeks and since 2018 December this pair hasn't bought for four consecutive weeks.

Also this pair has bought over 400 pips above monthly open of 1.2923, any buy above 1.33 area is considered buying at the top to me. Just my thought though.
Data + Stat + Risk/Emotions Management
  • #560,302
  • Nov 23, 2020 1:49am Nov 23, 2020 1:49am
Quoting Georginson
{quote} I expect a bearish finish to this week... Have you considered the price has bought for 3 consecutive weeks and since 2018 December this pair hasn't bought for four consecutive weeks. Also this pair has bought over 400 pips above monthly open of 1.2923, any buy above 1.33 area is considered buying at the top to me. Just my thought though.
I expect a full bullish week. (A strong one)... I think this month is not done yet.
For some reasons, I think we might close the month above BB20

I'd say careful with shorts but you know the drill.
End of the day, we just speculate. Let's see how the week ends.

SS
  • #560,303
  • Nov 23, 2020 1:51am Nov 23, 2020 1:51am
Quoting Roszey
Maybe we can have a test of this 1hr SW before buy continues...IMO {image}
That will mean a retest of Friday GB high/close 32925 that is our main level for upcoming GB session with 3319 and current GB November high 3314: as written if we will not see acceptation below 32925 (or not even tested) we have space to September high, if retested and accepted below it we can see a substantial liquidation toward last week lows.
Ubi maior minor cessat
  • #560,304
  • Nov 23, 2020 1:53am Nov 23, 2020 1:53am
Note also that if GB will open above 3325 we will have a double pass gap from 3319 to 3325 that can attract price.

...also note that 3340 is the major value area high... So watch out above it...
Ubi maior minor cessat
  • #560,305
  • Nov 23, 2020 2:03am Nov 23, 2020 2:03am
Quoting Moty
GBPUSD


Moty use your hammer
  • #560,306
  • Nov 23, 2020 2:03am Nov 23, 2020 2:03am
Quoting Lock
Note also that if GB will open above 3325 we will have a double pass gap from 3319 to 3325 that can attract price. ...also note that 3340 is the major value area high... So watch out above it...
GB open perfect tag of 3325 and of 3340...
Ubi maior minor cessat
  • #560,307
  • Nov 23, 2020 2:04am Nov 23, 2020 2:04am
Quoting JayBag
{quote} I expect a full bullish week. (A strong one)... I think this month is not done yet. For some reasons, I think we might close the month above BB20 I'd say careful with shorts but you know the drill. End of the day, we just speculate. Let's see how the week ends. SS
I will also say careful with longs as a lot of traders will be trapped buying close to the yearly top. Wait and see mode
Data + Stat + Risk/Emotions Management
  • #560,308
  • Nov 23, 2020 2:05am Nov 23, 2020 2:05am
Quoting ChiForex
Most traders are busy looking at the small picture of their low time frames, not seeing that GU building an uptrend by creating support from 1.30 on daily and weekly, and monthly switching slowly and cautiously upward with first real target just below 1.35 faced by weekly first resistance just below 1.34
My view from Nov 5, today mainly or this week looking to see the "just below 1.34"
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #560,309
  • Nov 23, 2020 2:22am Nov 23, 2020 2:22am
Just 33 pips away from the November projected 1.3380 area... Now a turn is expected anywhere here... Stay glued.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20201105-180244.png Size: 239 KB
Data + Stat + Risk/Emotions Management
  • #560,310
  • Nov 23, 2020 2:23am Nov 23, 2020 2:23am
Quoting Georginson
Just 33 pips away from the November projected 1.3380 area... Now a turn is expected anywhere here... Stay glued. {image}
you think it will go south after ?
Insane in the Brain..
  • #560,311
  • Nov 23, 2020 2:27am Nov 23, 2020 2:27am
Quoting BeeTogether
{quote} you think it will go south after ?
It will and will be quick and aggressive.
Data + Stat + Risk/Emotions Management
  • #560,312
  • Nov 23, 2020 2:30am Nov 23, 2020 2:30am
Quoting Roszey
Buy continues.. {image}
I think so too.
It is now 0830 UK time......it will probably flare out here and retrace before attacking the 1.3380 - 1.3424 levels.
Lost....
  • #560,313
  • Nov 23, 2020 2:33am Nov 23, 2020 2:33am
Quoting Georginson
{quote} It will and will be quick and aggressive.
keeping an eye out to join in the drop
Insane in the Brain..
  • #560,314
  • Nov 23, 2020 2:36am Nov 23, 2020 2:36am
Quoting Cyberforex
{quote} i follow you ... buy at 1.32595 ... thanks {image}
Yesterday got my TP ... and my today entry ... TP 1.3378 (just 50 pips) ... it already moves nicely
Attached Image (click to enlarge)
Click to Enlarge Name: 9cef5b3bef1de5e3b67edfd1189a7810.png Size: 45 KB
  • #560,315
  • Nov 23, 2020 2:40am Nov 23, 2020 2:40am
Quoting Lock
{quote} That will mean a retest of Friday GB high/close 32925 that is our main level for upcoming GB session with 3319 and current GB November high 3314: as written if we will not see acceptation below 32925 (or not even tested) we have space to September high, if retested and accepted below it we can see a substantial liquidation toward last week lows.
ok.

Another 1hr SW zone is formed. But i am looking at Sept OP : 3366
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 23 08-38-31.png Size: 46 KB
Le$$ I$ More
  • #560,316
  • Nov 23, 2020 2:41am Nov 23, 2020 2:41am
Hard sell zone today 1.3384-1.3396
  • #560,317
  • Nov 23, 2020 2:41am Nov 23, 2020 2:41am
Soon cable will follow eurusd
  • #560,318
  • Nov 23, 2020 2:41am Nov 23, 2020 2:41am
Quoting Georginson
Just 33 pips away from the November projected 1.3380 area... Now a turn is expected anywhere here... Stay glued. {image}
Seriously, aren't u bored of your failure calculations?!
We all well remember your 1.28 Top then GU reached just below 1.35, what a great achievement for u holding a loss order of over -600pips

It is easier and scientific to spot a trend and follow than searching through BS calculations for tops and bottoms to then sell or buy!
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #560,319
  • Nov 23, 2020 2:43am Nov 23, 2020 2:43am
Quoting Faigadri
Soon cable will follow eurusd
Yes at 1,40

see you there
Make money by doing the opposite of Giveachance aka loser
  • #560,320
  • Nov 23, 2020 2:44am Nov 23, 2020 2:44am
Quoting pipfarm
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

Fantastic
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