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Cable Update (GBPUSD)

  • #562,201
  • Nov 30, 2020 1:27pm Nov 30, 2020 1:27pm
Quoting Maximumheigh
{quote} What a day. The bull guys will have to wait. Still no break. Offloaded some shorts. Observing!!!
Today was simply a range PA, but still looking bearish. I will be looking to short this as we prepare for London open tomorrow.
  • #562,202
  • Nov 30, 2020 1:53pm Nov 30, 2020 1:53pm
es shorts building. closed my gold longs, silver is ok for the moment. we should see a dollar move
In tea leaves we trust!
  • #562,203
  • Nov 30, 2020 2:02pm Nov 30, 2020 2:02pm
While being bearish on GU, I have some reservations coming from the fact that EU, AU, Dow and some others met their technical targets (in EU and AU cases, almost exactly matching the Sep 1 levels) quite precisely, but GU did not. We are just 100-150 pips from a huge supply zone, GU can cover this distance in half a day. So while I certainly wouldn't bet on it, I think a visit to 1.35 area still cannot be excluded, even if dollar really starts to show strength.
  • #562,204
  • Nov 30, 2020 2:10pm Nov 30, 2020 2:10pm
Quoting VM.
{quote} Probably this is the plan: let the talks fail now and do a deal late in December / early next year. All to show that Johnson is "strong". Will also work very well for those hedge funds that know the plan details and timing.
VM I like this scenario... drop to 1.27 on uncertainty.

bounce back up on a deal.

drop once the fine prints been read.
Que Sera
  • #562,205
  • Nov 30, 2020 2:14pm Nov 30, 2020 2:14pm
Quoting VM.
While being bearish on GU, I have some reservations coming from the fact that EU, AU, Dow and some others met their technical targets (in EU and AU cases, almost exactly matching the Sep 1 levels) quite precisely, but GU did not. We are just 100-150 pips from a huge supply zone, GU can cover this distance in half a day. So while I certainly wouldn't bet on it, I think a visit to 1.35 area still cannot be excluded, even if dollar really starts to show strength.
Long term trend line on GU runs down to 3389 in December
Que Sera
  • #562,206
  • Nov 30, 2020 2:31pm Nov 30, 2020 2:31pm
“McConnell, opening the Senate floor: "There is no reason — none — that we shouldn't deliver another major pandemic relief package."
Que Sera
  • #562,207
  • Nov 30, 2020 2:49pm Nov 30, 2020 2:49pm
dollar index futs - is developing bullish setups. just saying.
In tea leaves we trust!
  • #562,208
  • Nov 30, 2020 3:02pm Nov 30, 2020 3:02pm
PA tried to breach 1.34 many times in the past few days and failed, its obvious bulls are exhausted and price is going for a correction, i see 1.3230 as the first target south and could extend all the way to 1.3090.

Im still bullish long term so expect a continuation after hitting (1.3230-1.32) but wouldn't rule out further extension to 1.3090 to push away all the bulls (though i prefer earlier bounce)
  • #562,209
  • Nov 30, 2020 3:14pm Nov 30, 2020 3:14pm
Quoting OnlineAddict
{quote} Today is a trap day...monday...last day of the month...this move will be reversed fast, people might cry as soon as tomorrow.
I hope not many of you got trapped today. Might become ugly soon...
Everyone can see the chart, but only a few can actually read it.
  • #562,210
  • Nov 30, 2020 3:15pm Nov 30, 2020 3:15pm
So far, the scenario is almost exactly the same as September 1, with (almost) exactly one quarter between the dates. But I am still cautious, it is just one day of dollar strength and it is the last day of the month. The signs look good for dollar bulls though.
  • #562,211
  • Nov 30, 2020 3:44pm Nov 30, 2020 3:44pm
Quoting zuluremys
bears are you still here
yes thanks
If you are new to Forex? Say Goodbye to your account!!
  • #562,212
  • Nov 30, 2020 3:47pm Nov 30, 2020 3:47pm
Quoting OnlineAddict
{quote} I hope not many of you got trapped today. Might become ugly soon...
what do you mean?
  • #562,213
  • Nov 30, 2020 3:59pm Nov 30, 2020 3:59pm
Quoting KiwiTrada
{quote} 2nd partial sell eu 1 1983 will add another @ 1 1995 then a full lot @ 1 2000 sl 1 2017
only trades posted and doing very nicely (note posted before pa actually reached and reacted)
If you are new to Forex? Say Goodbye to your account!!
  • #562,214
  • Nov 30, 2020 4:03pm Nov 30, 2020 4:03pm
Quoting genadi
{quote} what do you mean?
I thought it was self-explanatory.
Everyone can see the chart, but only a few can actually read it.
  • #562,215
  • Nov 30, 2020 4:05pm Nov 30, 2020 4:05pm
Quoting KiwiTrada
{quote} only trades posted and doing very nicely (note posted before pa actually reached and reacted)
hi

do you still see NZDUSD going up?
or we can expect retracement now?
  • #562,216
  • Nov 30, 2020 4:10pm Nov 30, 2020 4:10pm
Quoting OnlineAddict
{quote} I hope not many of you got trapped today. Might become ugly soon...
gu agree, daily closing a doji hence the ping pong day, however the high of the doji could not get above the last 5 days highs zone, I would expect december to be a pretty decent sell of starting today ???
If you are new to Forex? Say Goodbye to your account!!
  • #562,217
  • Nov 30, 2020 4:12pm Nov 30, 2020 4:12pm
Quoting KiwiTrada
{quote} gu agree, daily closing a doji hence the ping pong day, however the high of the doji could not get above the last 5 days highs zone, I would expect december to be a pretty decent sell of starting today ???
waiting for brokers to open, anyone got present price gu??
If you are new to Forex? Say Goodbye to your account!!
  • #562,218
  • Nov 30, 2020 4:14pm Nov 30, 2020 4:14pm
Quoting KiwiTrada
{quote} waiting for brokers to open, anyone got present price gu??
336
Que Sera
  • #562,219
  • Nov 30, 2020 4:14pm Nov 30, 2020 4:14pm
Quoting KiwiTrada
{quote} waiting for brokers to open, anyone got present price gu??
What broker do you use, when its closed now? GU is between 3325-35, hard to say so early, since spread is still big.
Everyone can see the chart, but only a few can actually read it.
  • #562,220
  • Nov 30, 2020 4:19pm Nov 30, 2020 4:19pm
Quoting OnlineAddict
{quote} What broker do you use, when its closed now? GU is between 3325-35, hard to say so early, since spread is still big.
How much spread does you broker increase?
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