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Cable Update (GBPUSD)

  • #561,601
  • Nov 27, 2020 5:21am Nov 27, 2020 5:21am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
The same like yesterday
Closed my shorts até 13324
Studing..............
  • #561,602
  • Nov 27, 2020 5:23am Nov 27, 2020 5:23am
Quoting pipfarm
if it turns up this time , it might break 3400
May well be, but I think you said it on a few occasions this week.
Ceterum censeo 1.34 will be broken.
  • #561,603
  • Nov 27, 2020 5:28am Nov 27, 2020 5:28am
woke up look at the gu price on my phone and jumped up and bought. now i'll read the posts.
In tea leaves we trust!
  • #561,604
  • Nov 27, 2020 5:30am Nov 27, 2020 5:30am
Quoting VM.
{quote} May well be, but I think you said it on a few occasions this week. Ceterum censeo 1.34 will be broken.

Nothing certain, price action suggests what could happen, i still believe there are limit orders at the daily weekly highs and they must be brought in for market to drop but of course just as liquidity is needed for the drop the same can be said for that final push up to the daily and maybe weekly high
Follow The Markets Structure - Patience and Discipline
  • #561,605
  • Nov 27, 2020 5:30am Nov 27, 2020 5:30am
1st time in 2 years GU rose for four consecutive weeks. I have a feeling we may have a bearish week ahead next week.
  • #561,606
  • Nov 27, 2020 5:30am Nov 27, 2020 5:30am
it need to drop more .
there is no sense for going up
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 32 KB
yes yes yes
  • #561,607
  • Nov 27, 2020 5:30am Nov 27, 2020 5:30am
Quoting Mcbeaners
woke up look at the gu price on my phone and jumped up and bought. now i'll read the posts.
It's going lower old bean.
Que Sera
  • #561,608
  • Nov 27, 2020 5:30am Nov 27, 2020 5:30am
Quoting KiwiTrada
{quote} gold has run into strong support daily 200 sma , both cad 1 3000 and swissy 9050 also, eu running into resistance more a zone than specific level topping 1 1941 uj tapping previous support 9050, so looking for some usd appreciation thankyou very much ???
well i hope you got it, now get long gu for the win! bah!
In tea leaves we trust!
  • #561,609
  • Nov 27, 2020 5:31am Nov 27, 2020 5:31am
Quoting gespiri
{quote} I choose door number 4 (which is not possible right now)......free trade between UK and other countries = multi-lateral agreements. Living in Switzerland, I don't want some corrupt lizard sitting in Bussels and Strasbourg dictating what's good for the country I'm in. I think this is all related to the US elections, which, believe it or not, hasn't been offically finalized yet.
Well, I guess "you have a dream". But politics is the art of the possible. Spare a thought for us that live in reality.
  • #561,610
  • Nov 27, 2020 5:32am Nov 27, 2020 5:32am
Quoting Bones
{quote} 'The result of asset stripping is often a dividend payment for investors"
For sure.

What gets me is he's trying to borrow £30m to keep it solvent while sipping cocktails on his £120m yacht with £1b+ in the coffers... Everyone seems to want to die in a gold coffin.
Que Sera
  • #561,611
  • Nov 27, 2020 5:32am Nov 27, 2020 5:32am
... are the bears coming again or will the general pattern of the week, ie 'up-down-up' prevail ? 23.6% of the whole fall from 3398 at the current dly lo.
Attached Image
Trader with an Edge.
  • #561,612
  • Nov 27, 2020 5:33am Nov 27, 2020 5:33am
Quoting Catempire
{quote} For sure. What gets me is he's trying to borrow £30m to keep it solvent while sipping cocktails on his £120m yacht with £1b+ in the coffers... Everyone seems to want to die in a gold coffin.
Trump's gonna need some cellmates - he's a prime candidate.
Trader with an Edge.
  • #561,613
  • Nov 27, 2020 5:33am Nov 27, 2020 5:33am
Quoting VM.
{quote} Well, I guess "you have a dream". But politics is the art of the possible. Spare a thought for us that live in reality.
Que Sera
  • #561,614
  • Nov 27, 2020 5:33am Nov 27, 2020 5:33am
Quoting Moty
it need to drop more . there is no sense for going up {image}
I sense it will drop to 1.31 or below next week
  • #561,615
  • Nov 27, 2020 5:37am Nov 27, 2020 5:37am
Quoting pipfarm
{quote} Nothing certain, price action suggests what could happen, i still believe there are limit orders at the daily weekly highs and they must be brought in for market to drop but of course just as liquidity is needed for the drop the same can be said for that final push up to the daily and maybe weekly high
Agreed.
One certainly cannot say bulls are not trying. But they may run out of ammo.
  • #561,616
  • Nov 27, 2020 5:42am Nov 27, 2020 5:42am
the ha blocked price
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
yes yes yes
  • #561,617
  • Nov 27, 2020 5:44am Nov 27, 2020 5:44am
Here is my plan.
Attached Image (click to enlarge)
Click to Enlarge Name: 4b097d0eb7f665aa3915c6ba28b70e06.png Size: 58 KB
  • #561,618
  • Nov 27, 2020 5:45am Nov 27, 2020 5:45am
Quoting VM.
{quote} Agreed. One certainly cannot say bulls are not trying. But they may run out of ammo.

3300 confluence area 1H 4H D1 bears will come in very strong if that breaks
Follow The Markets Structure - Patience and Discipline
  • #561,619
  • Nov 27, 2020 5:48am Nov 27, 2020 5:48am
Quoting Catempire
{quote} It's going lower old bean.
now looking at the tape as it unfolds now there is a possibility of one more wave down. let's see.
In tea leaves we trust!
  • #561,620
  • Nov 27, 2020 5:48am Nov 27, 2020 5:48am
I am expecting GU to drop 100-150 pips from here. SL would be 1.3380.
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