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Cable Update (GBPUSD)

  • #560,621
  • Nov 24, 2020 2:26am Nov 24, 2020 2:26am
Looking at AU, dollar selloff probably continues. I am on the sidelines for the time being, no desire to buy at high price or sell against the strong flow.
  • #560,622
  • Nov 24, 2020 2:27am Nov 24, 2020 2:27am
hold or tp what do you think
99.9% persistence
  • #560,623
  • Nov 24, 2020 2:30am Nov 24, 2020 2:30am
close above 1.33764. I ll be long
99.9% persistence
  • #560,624
  • Nov 24, 2020 2:31am Nov 24, 2020 2:31am
Quoting Georginson
{quote} That monster 4 hours candle of yesterday is just a little glimpse of what is to come.
perhaps the bears are waiting for sept high before any war on bulls.
Keep the Lights on then you can catch the rise from the dark.
  • #560,625
  • Nov 24, 2020 2:40am Nov 24, 2020 2:40am
This was a simple SW zone trade..
Cheers!!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Nov 24 08-40-00.png Size: 40 KB
Le$$ I$ More
  • #560,626
  • Nov 24, 2020 2:43am Nov 24, 2020 2:43am
Attached Image
Trader with an Edge.
  • #560,627
  • Nov 24, 2020 2:44am Nov 24, 2020 2:44am
Quoting Roszey
This was a simple SW zone trade.. Cheers!! {image}

Good job Roszey, looks like the bears were fooled again big time
Follow The Markets Structure - Patience and Discipline
  • #560,628
  • Nov 24, 2020 2:45am Nov 24, 2020 2:45am
Quoting pipfarm
{quote} Good job Roszey, looks like the bears were fooled again big time
Maybe.

Let see if the BULLS will also be fooled. hahahaha
Le$$ I$ More
  • #560,629
  • Nov 24, 2020 2:52am Nov 24, 2020 2:52am
Quoting Roszey
{quote} Maybe. Let see if the BULLS will also be fooled. hahahaha

Doubt it very much atm as all supports are still intact and previous down action was only a very minor corrective triangular pattern, other major pairs completing an irregular corrective pattern , typical liquidity run and bear trap but we will see today if we can make a new high.

Either way bears have been fooled as they were loading up on shorts for the next big swing down that never happened.
Follow The Markets Structure - Patience and Discipline
  • #560,630
  • Nov 24, 2020 3:00am Nov 24, 2020 3:00am
I told you
buy only

yearly target 1,37 up to 1,40
Make money by doing the opposite of Giveachance aka loser
  • #560,631
  • Nov 24, 2020 3:02am Nov 24, 2020 3:02am
Quoting Georginson
{quote} That monster 4 hours candle of yesterday is just a little glimpse of what is to come.
Yes just the warm up... a little taste of whats coming.
Que Sera
  • #560,632
  • Nov 24, 2020 3:04am Nov 24, 2020 3:04am
Quoting Lastaccount
{quote} waiting buyer action. The big question why no deal for 1.40? trump to biden wil slow but sure make $ stronger. Tehnical for 1.40? it totally dream...
it is in the way
wait for it

the bears are trapped
Make money by doing the opposite of Giveachance aka loser
  • #560,633
  • Nov 24, 2020 3:04am Nov 24, 2020 3:04am
Quoting Catempire
{quote} Yes just the warm up... a little taste of whats coming.
yes
more upside is coming very big
Make money by doing the opposite of Giveachance aka loser
  • #560,634
  • Nov 24, 2020 3:06am Nov 24, 2020 3:06am
Quoting nessus94
I told you buy only yearly target 1,37 up to 1,40

I can see how your projecting these targets but really for me its taking it one bite at a time , i could not justify leaving a position open to reach such a target , just take chunks out at a time following price action is the best course of action imho.
Follow The Markets Structure - Patience and Discipline
  • #560,635
  • Nov 24, 2020 3:07am Nov 24, 2020 3:07am
Quoting nessus94
{quote} yes more upside is coming very big
OK

I present to you the simplest chart in all of FX.

Ignoring all fundamentals and a lot of technicals, I do believe you could be right...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20201123_13.43.png Size: 166 KB
Que Sera
  • #560,636
  • Nov 24, 2020 3:08am Nov 24, 2020 3:08am
...I think it can be said that the 1hr/4hr/dly/wkly general fractal uptrends are intact but there is some potentially stiff resistance overhead, leading to y/day's hi-3398 initially then up to 3482/3514.. The 20/50/100 ema crosses are currently as below. That is as much as we without the power of prediction know.
Attached Image
Trader with an Edge.
  • #560,637
  • Nov 24, 2020 3:09am Nov 24, 2020 3:09am
Quoting Catempire
{quote} OK I present to you the simplest chart in all of FX. Ignoring all fundamentals and a lot of technicals, I do believe you could be right... {image}
we are already 100 pips rise since yesterday
we are on top and ready to break up

i am loading more buys
Make money by doing the opposite of Giveachance aka loser
  • #560,638
  • Nov 24, 2020 3:14am Nov 24, 2020 3:14am
May god have mercy on your soul.

"revealed that hedge fund bosses are “wagering billions on a slump in the pound” triggered by a no-deal Brexit. key players in this ‘game’ is Crispin Odey"

Probably nothing.
Que Sera
  • #560,639
  • Nov 24, 2020 3:15am Nov 24, 2020 3:15am
Quoting Catempire
May god have mercy on your soul. "revealed that hedge fund bosses are “wagering billions on a slump in the pound” triggered by a no-deal Brexit. key players in this ‘game’ is Crispin Odey" Probably nothing.
very good news
doing the opposite to make money
Make money by doing the opposite of Giveachance aka loser
  • #560,640
  • Nov 24, 2020 3:21am Nov 24, 2020 3:21am
Quoting nessus94
{quote} very good news doing the opposite to make money
The people making the decisions are wrong & will lose money but you are right because your charts telling you so?

Well good luck i guess we find out eventually.
Que Sera
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