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Cable Update (GBPUSD)

  • #561,381
  • Nov 26, 2020 9:46am Nov 26, 2020 9:46am
Bearish pennants?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_20201126_15.44.png Size: 176 KB
Que Sera
  • #561,382
  • Nov 26, 2020 9:50am Nov 26, 2020 9:50am
Quoting JayBag
{quote} I am here for this Where do you get these tho Legit crack me up.. Just when bears are feeling comfy, then..... i guess the rest is yet to be known

just collected them over the years.
Trader with an Edge.
  • #561,383
  • Nov 26, 2020 10:00am Nov 26, 2020 10:00am
Quoting Catempire
Today. either range bound or slow sell off which picks up pace as the day goes on (imo) bulls have had 4 days to try and crack new highs & failed & this is well due a pullback.
Here it comes..?
Que Sera
  • #561,384
  • Nov 26, 2020 10:12am Nov 26, 2020 10:12am
Defenetly a strong area of support. We have the S1, the daily lower TL and the H4 most recent trend all lined up around the same area.
Attached Image (click to enlarge)
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Que Sera
  • #561,385
  • Nov 26, 2020 10:15am Nov 26, 2020 10:15am
Looking at the daily chart...I am thinking what are the bulls expecting, what are they seing. Because fundamentally, this is extremely bearish, deal or not...technically its bearish, too. So what is it? To me it seems like its trading hope and prayers.
Everyone can see the chart, but only a few can actually read it.
  • #561,386
  • Nov 26, 2020 10:20am Nov 26, 2020 10:20am
Quoting Moty
{quote} now let's drop to the last target 1.33000-1.33044{image} update : i am out ! i had 2 strategics orders waiting {image}
it is bullish open today.

so to me unlikely below s1, today atleast.
Intraday only.
  • #561,387
  • Nov 26, 2020 10:34am Nov 26, 2020 10:34am
Quoting Wavegarrick
{quote} Hi Guys, So far so good. It took alot of patience wth this one. My green highlighted zones with my weekly supports seem good targets for a correction to the down side. Ultimately I would like to see a test of the bottom channel line (magenta) at 1.30 ish for a decent correction, we shall see. All trades locked in an price must do its thing. Trade safe Cheers. {image}
Just something to ponder on. Is the Euro going to see some strength over the pound for a period of time? The dollar still looks weak with the euro gaining some impetus.
Cheers.
Attached Image (click to enlarge)
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Trade to trade another day
  • #561,388
  • Nov 26, 2020 10:37am Nov 26, 2020 10:37am
the 1.33000 is coming
Attached Image (click to enlarge)
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yes yes yes
  • #561,389
  • Nov 26, 2020 10:47am Nov 26, 2020 10:47am
Quoting navk
{quote} it is bullish open today. so to me unlikely below s1, today atleast.
ages i didnt saw bears going smoothly below s1.
useless bears
  • #561,390
  • Nov 26, 2020 10:52am Nov 26, 2020 10:52am
can't break down through 1.3329 on a low volume day. not good bears. from an ma perspective the hrly chart is just a retracement. more tom foolery for the uk open tomorrow me thinks.
Attached Image (click to enlarge)
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In tea leaves we trust!
  • #561,391
  • Nov 26, 2020 10:53am Nov 26, 2020 10:53am
as i posted it moved. no way!!
In tea leaves we trust!
  • #561,392
  • Nov 26, 2020 10:58am Nov 26, 2020 10:58am
Quoting gatenio
{quote} ages i didnt saw bears going smoothly below s1. useless bears
3 bearish hours vanish in 10 minutes..
my daily profit is in the trash and i stop trading this pair.
  • #561,393
  • Nov 26, 2020 10:59am Nov 26, 2020 10:59am
Haha.. Been waiting many hours for bulls.. Nice one..
  • #561,394
  • Nov 26, 2020 10:59am Nov 26, 2020 10:59am
Quoting Mcbeaners
as i posted it moved. no way!!
Please post again.. I wanna see something
It's like your post moves the bulls
  • #561,395
  • Nov 26, 2020 11:00am Nov 26, 2020 11:00am
Stubborn bitch eh.
Que Sera
  • #561,396
  • Nov 26, 2020 11:00am Nov 26, 2020 11:00am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 35 KB
Attached Image (click to enlarge)
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yes yes yes
  • #561,397
  • Nov 26, 2020 11:02am Nov 26, 2020 11:02am
Quoting Headland
...and just as bears were getting smug the asc t/line / 4hr/dly rising wedge bottom holds on 2nd test...how strong are the bears now,? Is this a bullish staging post/good place to launch another assault on the hi's ? {image}

Took a few bears by surprise there lol ! Why would you not have been long from there if you trade on the sub 1hr t/f's? Hi-prob trade...soiid 1hr bullish close now. Enough for me today.
Attached Image
Trader with an Edge.
  • #561,398
  • Nov 26, 2020 11:02am Nov 26, 2020 11:02am
the bulls are waiting on my every move. ... i have sensed this for some time. ha ha.

not a great move btw.... it stinks from my cyrstal ball. won't be buying it.
In tea leaves we trust!
  • #561,399
  • Nov 26, 2020 11:02am Nov 26, 2020 11:02am
I have been watching this thread on recent GU down move, I was adding long all the way down, and all of you were adding shorts as it goes down... let me tell you..I am not impressed with the technical studies you are posting... Trading does not require skills of charting, as the matter of fact there no skills involved in technical analysis, its all a deception... a real trading is all about position management and fundamentals...

Moty.. it seems like MMs are just around the corner to play around with you, they are determined to take your money
  • #561,400
  • Nov 26, 2020 11:04am Nov 26, 2020 11:04am
Bull traps, bear traps... lets see where she closes.

I think EU trade talks are going to collapse soon.. just a hunch.
Que Sera
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