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Cable Update (GBPUSD)

  • #561,181
  • Nov 26, 2020 12:34am Nov 26, 2020 12:34am
Morning Traders,

We are currently trading above a yearly level. Careful, bulls could use the opportunity to spike-lee

SS
  • #561,182
  • Nov 26, 2020 12:36am Nov 26, 2020 12:36am
Quoting gatenio
lot of reason to get the drop soon. not hours, days. 1/12/20-4/12/20 we might get 1.3 or the election days engulfing candle somewhere around 1.3-1.305 another option it will get there on 15/12/20 1.34-1.35 will be very hard to crack for the bulls im holding 3 short with avg price 1.3358, if the potential double top on 4h will fall i may drop them all.
Quoting Moty
dx at 91.855 , now let see {image}
My shorts are at 1.3360. I see that double top formation too and if it plunges, I am aiming for a break of 1.33. Somehow, I am both optimistic and worried. It is interesting that DXY is nearing 92 and Cable is nearing 1.34. One side will breakout eventually-I am hoping it is DXY with the bull flag breakout. I know technically 92 and 1.34 don't really mean anything, but I do believe in the psychological psyche of trading. Humans all like round numbers so if 92 (or 1.34) are taken out, I surmise there will be more buying, thereby pushing DXY (or Cable) further up.

There are no GBP or USD-related news for today and tomorrow, so it will purely be technicals. Let's see.
  • #561,183
  • Nov 26, 2020 12:42am Nov 26, 2020 12:42am
Morning traders,

i believe small price drop pre-UK then move higher forming new high then heavy sell

Stay Safe.
  • #561,184
  • Nov 26, 2020 1:09am Nov 26, 2020 1:09am
Quoting Moty
dx at 91.855 , now let see {image}
thanks - almost every pair is signaling the move against the dollar. will they push through when the us is on hols?
In tea leaves we trust!
  • #561,185
  • Nov 26, 2020 1:09am Nov 26, 2020 1:09am
Quoting Moty
dx at 91.855 , now let see {image}
go go go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 41 KB
Click to Enlarge Name: dx1.png Size: 40 KB
yes yes yes
  • #561,186
  • Nov 26, 2020 1:17am Nov 26, 2020 1:17am
Quoting Mcbeaners
{quote} to me they are just building up a position through this period. if she drops again to 3358 ish or similar i'll just add more. just looking at the hourly chart suggest it going to be different this time - it not just up and then drop it holding at around 1.38 ish. its building. https://www.tradingview.com/chart/r63FUXse/ anyway we'll see.
sorry bro, didnt get nothing beside 1.38.
who are they? what period?
  • #561,187
  • Nov 26, 2020 1:17am Nov 26, 2020 1:17am
Quoting BhaksarMishr
Morning traders, i believe small price drop pre-UK then move higher forming new high then heavy sell Stay Safe.
the move north, when/if (if the boyz can't make it happen), will be swift and painful for shorts. everything i see says it's happening. across the pairs, not just cable.
In tea leaves we trust!
  • #561,188
  • Nov 26, 2020 1:23am Nov 26, 2020 1:23am
Quoting gatenio
{quote} sorry bro, didnt get nothing beside 1.38. who are they? what period?
between 1.338 ish (typo).

they - the institutions as i see it.
hourly as in the chart i posted.
In tea leaves we trust!
  • #561,189
  • Nov 26, 2020 1:42am Nov 26, 2020 1:42am
Can we see 1,35 today?
Make money by doing the opposite of Giveachance aka loser
  • #561,190
  • Nov 26, 2020 1:45am Nov 26, 2020 1:45am
Quoting Mcbeaners
{quote} the move north, when/if (if the boyz can't make it happen), will be swift and painful for shorts. everything i see says it's happening. across the pairs, not just cable.
Yess moving north sideways in daily chart . but one thing disturbing me DXY near its previous support 91.7. i think cable will form new high

well lets see on UK session
  • #561,191
  • Nov 26, 2020 1:46am Nov 26, 2020 1:46am
Quoting nessus94
Can we see 1,35 today?
yes in your imagination. ..just joking.
  • #561,192
  • Nov 26, 2020 1:47am Nov 26, 2020 1:47am
nessus94 - without the us online? your guess as good as mine.
In tea leaves we trust!
  • #561,193
  • Nov 26, 2020 1:49am Nov 26, 2020 1:49am
I's now or never for GU to break 1.34 I think.
  • #561,194
  • Nov 26, 2020 1:49am Nov 26, 2020 1:49am
Quoting gatenio
lot of reason to get the drop soon. not hours, days. 1/12/20-4/12/20 we might get 1.3 or the election days engulfing candle somewhere around 1.3-1.305 another option it will get there on 15/12/20 1.34-1.35 will be very hard to crack for the bulls im holding 3 short with avg price 1.3358, if the potential double top on 4h will fall i may drop them all.
Hi mate, are you still camping on 1822 gold?

Anyway for GU, I got stopped out of my short, weird PA, it seems to want to move higher despite being at important levels. We cant even break down to 1.338.. So I will just be watching. Good luck bulls and bears.
  • #561,195
  • Nov 26, 2020 1:53am Nov 26, 2020 1:53am
Quoting Mcbeaners
nessus94 - without the us online? your guess as good as mine.
Dip to 1,3340 then i see if add long or not
Make money by doing the opposite of Giveachance aka loser
  • #561,196
  • Nov 26, 2020 1:54am Nov 26, 2020 1:54am
Quoting JayBag
Morning Traders, We are currently trading above a yearly level. Careful, bulls could use the opportunity to spike-lee SS
Are you considering the sell side now?
  • #561,197
  • Nov 26, 2020 1:55am Nov 26, 2020 1:55am
Que Sera
  • #561,198
  • Nov 26, 2020 1:58am Nov 26, 2020 1:58am
Quoting pipcenturion
{quote} Are you considering the sell side now?
Nope. I am not selling.
We don't fall for sweeps.. We trade setup on this side

SS
  • #561,199
  • Nov 26, 2020 2:02am Nov 26, 2020 2:02am
Buy dip.. Haha.. Having my popcorn.. Lolx
  • #561,200
  • Nov 26, 2020 2:02am Nov 26, 2020 2:02am
any long with a silly stop was just taken out. first move is normally the head fake. don't trade the london open for a long time but do remember that.
In tea leaves we trust!
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