Cable Update (GBPUSD) | Page 28019 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #560,361
  • Nov 23, 2020 3:47am Nov 23, 2020 3:47am
from my thread:

Quoting Lock
B period low at 3350 round number: take note.
Quoting Lock
3377 is in fact Pit 2019 high: still important anyhow.
from this thread:

Quoting Lock
And note that 3377 is pit 2019 high. GB is pre testing it before pit open. Acceptation above it and above 33835 needed for any serious continuation upside. Furthermore B period low at RN 3350 is weak: take note.
It failed once at 3377 and 3350retraced (2 pips above it).. Now let's see if it will go into balance mode or if it will retest 3377 to eventually fill upper double pass gap 33835-33935
Ubi maior minor cessat
  • #560,362
  • Nov 23, 2020 3:54am Nov 23, 2020 3:54am
Remember this monthly trend line that has been around since 2007.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-monthly.png Size: 52 KB
  • #560,363
  • Nov 23, 2020 4:06am Nov 23, 2020 4:06am
Quoting Lock
from my thread: {quote} {quote} from this thread: {quote} It failed once at 3377 and 3350retraced (2 pips above it).. Now let's see if it will go into balance mode or if it will retest 3377 to eventually fill upper double pass gap 33835-33935
retesting 3377...
Ubi maior minor cessat
  • #560,364
  • Nov 23, 2020 4:10am Nov 23, 2020 4:10am
...the 3min bullish hidden div catches the fall ...there had been 8 x consecutive 15min bullish bodied candles before that fall...how strong are the bulls now ? ...decisive break and clear of that 'major' mthly desc t/line (also another one joining 4376 with 3482 shown on dly below,) and wide prev dly/wkly/mthly prev sw hi zone to 3482 then 3515 awaits ?
Attached Image (click to enlarge)
Click to Enlarge Name: 48a695e3957212a26b171a1d54f87084.png Size: 49 KB
Trader with an Edge.
  • #560,365
  • Nov 23, 2020 4:11am Nov 23, 2020 4:11am
Lets go to 1,36-1,37 this week
Make money by doing the opposite of Giveachance aka loser
  • #560,366
  • Nov 23, 2020 4:26am Nov 23, 2020 4:26am
Quoting nessus94
Lets go to 1,36-1,37 this week

Would be very nice, certainly 3482 high and higher is achievable in the shorter term, can see from the daily/weekly the whole pattern down since 2007 was corrective and is complete so i would think we are in for long term bullish reversal
Follow The Markets Structure - Patience and Discipline
  • #560,367
  • Nov 23, 2020 4:29am Nov 23, 2020 4:29am
Play it safe mate. Avoiding staying too long on any directional trade seems to be advisable atm.

KP

Quoting nessus94
Lets go to 1,36-1,37 this week
Do your homework, follow the footprints of smart money
  • #560,368
  • Nov 23, 2020 4:39am Nov 23, 2020 4:39am
Quoting pipfarm
Gold about to take a dive
Gold down 4 dollars since posted, 1801 is looking achievable
Follow The Markets Structure - Patience and Discipline
  • #560,369
  • Nov 23, 2020 4:44am Nov 23, 2020 4:44am
is there any speech going on? Suddenly there is lots of movement
  • #560,370
  • Nov 23, 2020 4:50am Nov 23, 2020 4:50am
... wkly below shows the remaining desc t/lines...1st one above current price is 4376 to 3482 and above that currently is 2.1162 to 7188, if you draw the line thick enough on mthly you can connect 2.1162 to 7188 to 3482. 7188 to 3482 has already been breeched to upside.
Attached Image (click to enlarge)
Click to Enlarge Name: b6f86a16b7e9f77cb798283f8d86d330.png Size: 66 KB
Trader with an Edge.
  • #560,371
  • Nov 23, 2020 5:04am Nov 23, 2020 5:04am
another rumour lol !


Attached Image (click to enlarge)
Click to Enlarge Name: 31802505003bb5cc963864e9b8903c88.png Size: 37 KB
Trader with an Edge.
  • #560,372
  • Nov 23, 2020 5:35am Nov 23, 2020 5:35am
Quoting Headland
another rumour lol ! {image}
Apart the rumors that keep on popping up, to go short is quite risky at the moment. This is the perfect spot to start a final accumulation process for the mid term targets 1.37/1.40
  • #560,373
  • Nov 23, 2020 5:52am Nov 23, 2020 5:52am
Dips are bought
even the 5 minutes

and euro Broke up
Make money by doing the opposite of Giveachance aka loser
  • #560,374
  • Edited 6:30am Nov 23, 2020 6:18am | Edited 6:30am
...just looking upside of that wide 3514/3482 prev swing hi zone in which wkly and mthly R3 sit @ 3495 and 3498 respectively, and the 2 remaining desc t/lines ....fibs of the other major swings down to 1411 (ie 4376, 5016, 5930 etc...) begin again @ 3618 (38.2% 7188-1411.) Then there is that prev wkly/mthly sw lo zone = prev supp = pot sbr from feb 2018 that begins @ 3711 extending to circa 3789 thru which 23.6% 2.1162-144 @ 3712 & 78.6% 4376-144 @ 3742 run - this is the light green zone shown on wkly below. Ahead of that are that and above that 38.2% fib @ 3618 mentioned above and 3638=61.8% 5016-1411, 3670=50% 5930-1411 & 3676=76.4% 4376-1411.
Attached Image (click to enlarge)
Click to Enlarge Name: 99776b0bc358a2a571254c761cc6a87b.png Size: 137 KB
Trader with an Edge.
  • #560,375
  • Nov 23, 2020 6:24am Nov 23, 2020 6:24am
Where are the Bears ?

Please sell more
Make money by doing the opposite of Giveachance aka loser
  • #560,376
  • Nov 23, 2020 6:28am Nov 23, 2020 6:28am
Quoting Lock
{quote} retesting 3377...
and again 3377... and from 3350... 33935 ?
Ubi maior minor cessat
  • #560,377
  • Nov 23, 2020 6:29am Nov 23, 2020 6:29am
Quoting nessus94
Where are the Bears ? Please sell more
  • #560,378
  • Nov 23, 2020 6:32am Nov 23, 2020 6:32am
33835-33935 is the double pass gap. It can fill it with a last spike or fail again
Ubi maior minor cessat
  • #560,379
  • Nov 23, 2020 6:38am Nov 23, 2020 6:38am
Quoting Lock
33835-33935 is the double pass gap. It can fill it with a last spike or fail again

In any case 2 things are crucial: that major trend line around 3400 and that very weak level at 3350. Plus the pit gap we are leaving downside 3353 - 33685
Ubi maior minor cessat
  • #560,380
  • Nov 23, 2020 6:38am Nov 23, 2020 6:38am
Be careful with adding shorts guys. GBP is resilient now. It can really go as high and long as it wants. The sky is the limit now. Retailers have been building shorts on this pair recently and it looks like now is the time for the banks to collect all that money.
No username yet? You are on my ignore list. Fuck off and do not quote me!
289 traders viewing now, 2 are registered:
smtchris71
,
TooSlow