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Cable Update (GBPUSD)

  • #560,901
  • Nov 25, 2020 3:38am Nov 25, 2020 3:38am
Quoting nessus94
{quote} How can it be a bear trap on top? please explain
trap is a term that does not really exist
price dont lie, it get there cause it need to.
  • #560,902
  • Nov 25, 2020 3:39am Nov 25, 2020 3:39am
Quoting gatenio
{quote} trap is a term that does not really exist price dont lie, it get there cause it need to.
who drives the price? (in the main i mean).
In tea leaves we trust!
  • #560,903
  • Nov 25, 2020 3:40am Nov 25, 2020 3:40am
Quoting Mcbeaners
{quote} getting ahead of myself is what i do. when i say its being bought i'm looking at the completed orders not price nor candles. the mini double top @ 1.33791 is a bear trap.
Funny looking bear trap
Que Sera
  • #560,904
  • Nov 25, 2020 3:42am Nov 25, 2020 3:42am
Quoting Mcbeaners
{quote} do traders sell double tops and resistance failures? its not rocket science and they know it. let's watch and see.
i think you meant bull trap to attract more buyers
Make money by doing the opposite of Giveachance aka loser
  • #560,905
  • Nov 25, 2020 3:44am Nov 25, 2020 3:44am
Looks like a pegasus pattern to me

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Follow The Markets Structure - Patience and Discipline
  • #560,906
  • Nov 25, 2020 3:47am Nov 25, 2020 3:47am
Quoting nessus94
{quote} How can it be a bear trap on top? please explain
It may be bear trap. As long ur account able to hold. Hahahahaha
  • #560,907
  • Nov 25, 2020 3:49am Nov 25, 2020 3:49am
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yes yes yes
  • #560,908
  • Nov 25, 2020 3:50am Nov 25, 2020 3:50am
G/M, 2nd attempt at the dly part of the prev 1hr/4hr/dly sw hi zone to 3398 rebuffed by the sellers..1hr below. ....price landing in a prev 1hr sw lo zone to 3329 where it encountered some buyers.
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Trader with an Edge.
  • #560,909
  • Nov 25, 2020 3:52am Nov 25, 2020 3:52am
Quoting Moty
{image}
Not worth to short.. Maybe scalping yes. It should reach 1.351 this week.. Maybe tomorrow reach there.
  • #560,910
  • Nov 25, 2020 3:52am Nov 25, 2020 3:52am
... this dly rising wedge is gonna break one way or the other, if only because we are getting near the apex of it and it is narrowing. dly below.
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Trader with an Edge.
  • #560,911
  • Nov 25, 2020 3:55am Nov 25, 2020 3:55am
Quoting Maximumheigh
Good day friends. Hoping for a nice drop today. From now till December ending, I am looking for opportunity to sell.
The Bear still warming up. More downward move coming. 1.326x possible
  • #560,912
  • Nov 25, 2020 3:57am Nov 25, 2020 3:57am
Is there anyone in the room that knows someone with the letter E in their name?...I have a message for them from the ' other 'side '......they say that price is going to....hold on...it's not clear....no, here it is......price is going to.....ah, do it it is going to do....that's it.
Trader with an Edge.
  • #560,913
  • Nov 25, 2020 4:00am Nov 25, 2020 4:00am
Todays daily will end up an engulfing candle closing below yesterdays low.
Que Sera
  • #560,914
  • Nov 25, 2020 4:02am Nov 25, 2020 4:02am
Quoting Catempire
Todays daily will end up an engulfing candle closing below yesterdays low.
base on..?
  • #560,915
  • Nov 25, 2020 4:04am Nov 25, 2020 4:04am
Quoting gatenio
{quote} base on..?
prices might have gone flat around 3380
Keep the Lights on then you can catch the rise from the dark.
  • #560,916
  • Nov 25, 2020 4:04am Nov 25, 2020 4:04am
Need to take out buyers at 297 and 263 respectively.
  • #560,917
  • Nov 25, 2020 4:05am Nov 25, 2020 4:05am
Quoting gatenio
{quote} base on..?
Base on below news
https://www.forexfactory.com/news/10...-more-spending
  • #560,918
  • Nov 25, 2020 4:05am Nov 25, 2020 4:05am
Quoting IPMan
This is interesting... Been watching this area for two days. Maybe load another short? {image}
3 day range/sideway as you sensed.
You can do it!
  • #560,919
  • Nov 25, 2020 4:06am Nov 25, 2020 4:06am
I guess max today is 1.3400. Bear take over to downside
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Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #560,920
  • Nov 25, 2020 4:08am Nov 25, 2020 4:08am
1.3160 or slightly lower has been long overdue.
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