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Cable Update (GBPUSD)

  • #561,061
  • Nov 25, 2020 9:38am Nov 25, 2020 9:38am
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rising wedge at daily TF, I think upside is limited, maybe it can go to 1.34200 area as max then drop for hundred pips.
  • #561,062
  • Nov 25, 2020 9:40am Nov 25, 2020 9:40am
gu is a good kid

now break it up
Make money by doing the opposite of Giveachance aka loser
  • #561,063
  • Nov 25, 2020 9:41am Nov 25, 2020 9:41am
Quoting Ksth
{quote} 1.371 too far.. But 1.351 still possible. Haha
Well, maybe too far but it’s possible..
Just a few spikes and we there.. I may hold my truck load of bulls for it..

Lets see
SS
  • #561,064
  • Nov 25, 2020 9:41am Nov 25, 2020 9:41am
hour of truth...or not
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  • #561,065
  • Nov 25, 2020 9:41am Nov 25, 2020 9:41am
Nice easy trading on GU for a third day this week, that's my longs closed out for target. Still got a long on GJ and can hopefully milk cable for another long tomorrow aswell if it decides to give another pullback.

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  • #561,066
  • Nov 25, 2020 9:43am Nov 25, 2020 9:43am
According to bad news bearish is clear guys
Dollar weakness what makes GBP still standing Period
  • #561,067
  • Nov 25, 2020 9:43am Nov 25, 2020 9:43am
Just moved my stops to 13503

would be a big hit if it triggered, can’t see it but stranger shit has happened.
Que Sera
  • #561,068
  • Nov 25, 2020 9:46am Nov 25, 2020 9:46am
Possible fake out to 1.339.. then bears hit.
  • #561,069
  • Nov 25, 2020 9:47am Nov 25, 2020 9:47am
today sell area 1.3460
  • #561,070
  • Nov 25, 2020 9:47am Nov 25, 2020 9:47am
Quoting Catempire
Just moved my stops to 13503 would be a big hit if it triggered, can’t see it but stranger shit has happened.
I am coming for it, even if you put it to 1,37 i am coming
Make money by doing the opposite of Giveachance aka loser
  • #561,071
  • Nov 25, 2020 9:49am Nov 25, 2020 9:49am
if cable not pass 1.3398
..short
  • #561,072
  • Nov 25, 2020 9:50am Nov 25, 2020 9:50am
Quoting nessus94
{quote} I am coming for it, even if you put it to 1,37 i am coming

What we need now is a brexit deal done announcement , that will seal the bears fate
Follow The Markets Structure - Patience and Discipline
  • #561,073
  • Nov 25, 2020 9:50am Nov 25, 2020 9:50am
Quoting nessus94
{quote} I am coming for it, even if you put it to 1,37 i am coming
Ok, this cracked me up .. Don’t make it personal
  • #561,074
  • Nov 25, 2020 9:53am Nov 25, 2020 9:53am
Quoting Catempire
“British economy shrinks more than it has in 300 years & is soon set to leave its only trading union” ”Traders rush to buy the Pound”
you summed it up prefectly lol !

Seriously though, just hit near top of that prev 1hr/4hr/dly sw hi zone to 3398 and that dly+ dsc t/line joining 4376 with 3482.
Trader with an Edge.
  • #561,075
  • Nov 25, 2020 9:53am Nov 25, 2020 9:53am
There won’t be any meaningful deal.
Que Sera
  • #561,076
  • Nov 25, 2020 9:56am Nov 25, 2020 9:56am
Quoting Yngwie
wishing more higher to be sold
You will get your wish eventually... It will take 10 trade days to accumulate 300 pips rise but will only take 2 trade days to accumulate 300 pips drop. Any rise is a sell in the remaining part of 2020.
Data + Stat + Risk/Emotions Management
  • #561,077
  • Nov 25, 2020 10:03am Nov 25, 2020 10:03am
Very big volume GU on top at the fix
Alongside with big bullish volume for the dollar

Again rule #1 don't buy such big volume on top (GU), don't sell big volume on bottom (DXY)

But its me
COT: The precious data ignored
  • #561,078
  • Nov 25, 2020 10:04am Nov 25, 2020 10:04am
Quoting Maximumheigh
{quote} The struggle is much. Still on my short trades. I will close when there is a breakout.
There is still no breakout. I am still bearish until breakout.
  • #561,079
  • Nov 25, 2020 10:05am Nov 25, 2020 10:05am
Still no upside break of the rising wedge pattern on dly....75% of 30 day adr covered today so far....is this ranging nearly done 1hr/4hr in favour of a return to uptrend ? dly below. That major 13 year t/line 2.1162-7188 and nearly 3482 comes thru circa 3420 on this week's wkly candle.
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Trader with an Edge.
  • #561,080
  • Nov 25, 2020 10:06am Nov 25, 2020 10:06am
Quoting Georginson
{quote} You will get your wish eventually... It will take 10 trade days to accumulate 300 pips rise but will only take 2 trade days to accumulate 300 pips drop. Any rise is a sell in the remaining part of 2020.
so you saying on friday we down 300 from now?
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