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Cable Update (GBPUSD)

  • #560,721
  • Nov 24, 2020 6:08am Nov 24, 2020 6:08am
3278 might find buyers again
Twitter: Rummer_grapes
  • #560,722
  • Nov 24, 2020 6:09am Nov 24, 2020 6:09am
Quoting genadi
{quote} what is your prediction ? move to 30k and then back to 1k or even less?

Honestly i have no idea, i can follow price action in the here and now but as for the predictions your asking the wrong person but i know there is plenty here who have a crystal ball

Maybe she knows

Attached Image
Follow The Markets Structure - Patience and Discipline
  • #560,723
  • Nov 24, 2020 6:10am Nov 24, 2020 6:10am
...Dly candle below in the making ? rising wedge/steepest asc t/line on this dly t/f under threat of a downside break now ? Right now testing the steepest 1hr/4hr asc t/line
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Trader with an Edge.
  • #560,724
  • Nov 24, 2020 6:15am Nov 24, 2020 6:15am
are you ready ?
it's break even time
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yes yes yes
  • #560,725
  • Nov 24, 2020 6:16am Nov 24, 2020 6:16am
Quoting pipfarm
{quote} Honestly i have no idea, i can follow price action in the here and now but as for the predictions your asking the wrong person but i know there is plenty here who have a crystal ball Maybe she knows {image}
...
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Always trade your own plan...I don't provide trading signals.
  • #560,726
  • Nov 24, 2020 6:17am Nov 24, 2020 6:17am
Quoting Catempire
{quote} no chance. bitcoin is around to stay.
well, it would be fun to see BTC heading to 30k USD and they dropping all the way down.

couse if it moves above 20k everyone will buy, and then the drop bigger than 2017 december
  • #560,727
  • Nov 24, 2020 6:19am Nov 24, 2020 6:19am
Quoting Coreg2004
{quote} ... {image}

Bitcoin not gold but as you have posted a chart , the current price action is corrective as the weekly 1765 resistance becomes support is still intact
Follow The Markets Structure - Patience and Discipline
  • #560,728
  • Nov 24, 2020 6:21am Nov 24, 2020 6:21am
...probably looking @ 3270 on this current gmt+2 4hr candle for the asc t/line / rising wedge bottom on 4hr/dly. 3269 is 23.6% 2854-3397, -then- 3358 = Dly S1, 3254 = Wkly Pivot, 3252 = 50% 3107-3397.
Trader with an Edge.
  • #560,729
  • Nov 24, 2020 6:27am Nov 24, 2020 6:27am
Quoting Maximumheigh
{quote} Offloading some shorts here. More downward move coming. 1.324x still untested {image}
Can 1.331x hold for the bear. A further run down imminent. observing!
  • #560,730
  • Nov 24, 2020 6:30am Nov 24, 2020 6:30am
Long 1.3294 SL 1.3260 TP 1.3433

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  • #560,731
  • Nov 24, 2020 6:30am Nov 24, 2020 6:30am
... at the current dly lo - 5min bull engulf, 15min hammer, now a 30min pinbar, will 1hr follow suit ? 1hr below.
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Trader with an Edge.
  • #560,732
  • Nov 24, 2020 6:30am Nov 24, 2020 6:30am
Quoting pipfarm
{quote} Bitcoin not gold but as you have posted a chart , the current price action is corrective as the weekly 1765 resistance becomes support is still intact
...sorry
Always trade your own plan...I don't provide trading signals.
  • #560,733
  • Nov 24, 2020 6:43am Nov 24, 2020 6:43am
the price needs to fall below 3294 for a strong buy.
Intraday only.
  • #560,734
  • Nov 24, 2020 6:46am Nov 24, 2020 6:46am
So pound is falling, and no positive Brexit news? We already read last week that Brexit deal is 95% ready, there is still room to go for 99%, 99.5% and 99.9%.

Or maybe the big boys already loaded their shorts, and now it will be 90%, 80% and so on?
  • #560,735
  • Nov 24, 2020 6:48am Nov 24, 2020 6:48am
it going to drop hard
somebody will phone home , mister jhonson , are you there ?
Attached Image (click to enlarge)
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yes yes yes
  • #560,736
  • Nov 24, 2020 6:52am Nov 24, 2020 6:52am
Quoting Moty
it going to drop hard somebody will phone home , mister jhonson , are you there ? {image}
LOL.... Funny you.
  • #560,737
  • Nov 24, 2020 6:53am Nov 24, 2020 6:53am
Quoting Lock
{quote} ..so what a surprise to see pit session retracing back upside to close just in the middle of 3319-3325... and what a surprise to see Sydney and Tokyo sessions operating all night long up and down that gap... ...before GB open
and what a surprise to see GB managing to fill the double pass gap 3319-3325 with its last 2 periods spike (base at 3338)
Ubi maior minor cessat
  • #560,738
  • Nov 24, 2020 6:54am Nov 24, 2020 6:54am
Quoting VM.
So pound is falling, and no positive Brexit news? We already read last week that Brexit deal is 95% ready, there is still room to go for 99%, 99.5% and 99.9%. Or maybe the big boys already loaded their shorts, and now it will be 90%, 80% and so on?
there will be another rumour to buy along soon lol !
Trader with an Edge.
  • #560,739
  • Nov 24, 2020 6:57am Nov 24, 2020 6:57am
Now, we are inside yesterday pit range: so balance at least initially is expected but 3323 is yesterday pit unch. so if you will not see acceptation above it this liquidation can eventually continue.
If instead you will see acceptation above 3323 we can see a new attempt toward current Nov high and major trend line (34?)
Ubi maior minor cessat
  • #560,740
  • Nov 24, 2020 7:04am Nov 24, 2020 7:04am
First time posting on the cable thread. Taking cable long for a 44 pip move, also long on GBPAUD, also prepared that it could make another lower move before possibly pushing back up. Odds on the long side at this point in time
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