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Cable Update (GBPUSD)

  • #563,201
  • Dec 3, 2020 5:12am Dec 3, 2020 5:12am
Quoting Bacco
does someone know when frost/barnier will update on brexit? i would love to enjoy the ride downstairs
Yeah, that' the issue. Timing is so important, but no one is providing it.
  • #563,202
  • Dec 3, 2020 5:13am Dec 3, 2020 5:13am
Quoting nessus94
{quote} no smart money is making you short every high to make you think brexit is bad but it is good and it will rise over and over people will face it soon
Let's agree to disagree. We'll see how it develops.
  • #563,203
  • Dec 3, 2020 5:17am Dec 3, 2020 5:17am
Quoting VM.
{quote} Yeah, that' the issue. Timing is so important, but no one is providing it.
it means i have to be in front of pc all day.....i hope they do not make announcement on weekend. But anyway....talks will collapse, and they will get back on negotiations in 2021. thats my view
Twitter: Rummer_grapes
  • #563,204
  • Dec 3, 2020 5:20am Dec 3, 2020 5:20am
This has been an epic battle here...
Bears this is it, then the 40's,
-You either got it here or there- if not She's NORTH:
Attached Image (click to enlarge)
Click to Enlarge Name: 12_3_2020 GBP_USD Bears this is all you_Last Line in the Sand What u Got_Yes or No or to the 40s.png Size: 59 KB
I will work to Objectively Identify my Edges
  • #563,205
  • Dec 3, 2020 5:20am Dec 3, 2020 5:20am
The way i see it you take your chance now long or short, some will make a fortune others will lose , for me its not the time so close to the deal or no deal to be speculating.

I am very happy some took the long trade at that 3287 support and am optimistic for a deal to be done as the fall out from no deal is too great for both sides not do the right thing
Follow The Markets Structure - Patience and Discipline
  • #563,206
  • Edited 5:52am Dec 3, 2020 5:27am | Edited 5:52am
Be aware there are some corrective patterns where swing b retraces 100% or slightly more than swing a and this is the more likely scenario here, i believe a deal will be done and the current swing up b will hit 3482 -3500 and then drop like a stone either way deal or no deal


Trade at your own risk and my analysis is for my own purposes, so this is in no way a recommendation to trade either way.


Attached Image
Follow The Markets Structure - Patience and Discipline
  • #563,207
  • Dec 3, 2020 5:32am Dec 3, 2020 5:32am
Quoting pipfarm
Be aware there are some corrective patterns where swing b retraces 100% or slightly more than swing a and this is the more likely scenario here, i believe a deal will be done and the current swing up b will hit 3482 -3500 and then drop like a stone either way deal or no deal
We can get there today, and I rather hope we will. Will make things much more clear.

Regarding a deal -- there will be one eventually. But there are no conditions for it now. So either new postponement, or temporary collapse.
  • #563,208
  • Dec 3, 2020 5:32am Dec 3, 2020 5:32am
1.3475 to 1.3500 my new selling area. Let's see how this goes with US open.
Set GOAL, REACH and REPEAT.
  • #563,209
  • Dec 3, 2020 5:34am Dec 3, 2020 5:34am
Quoting Lock;13294266[...
Main refs for upcoming GB are then (from top to bottom): 34425 a possible target for today [...]
Quoting Lock
B can be an inside period: if so balance rules apply.
Failure below B period low and target acquired at 34425. ... As simple as it can be if you will follow market generated information.

I'm off for today, have a nice continuation. For those who will continue to trade I suggest to monitor for the possible formation of a new pit gap upside from yesterday pit high 33745.
Ubi maior minor cessat
  • #563,210
  • Dec 3, 2020 5:36am Dec 3, 2020 5:36am
Quoting VM.
{quote} We can get there today, and I rather hope we will. Will make things much more clear. Regarding a deal -- there will be one eventually. But there are no conditions for it now. So either new postponement, or temporary collapse.

i am no economist but yeh for sure a deal will be done if not now in the future but a technical analyst i am indeed and as i said extremely rare for a breakout then a 100% retrace.

good luck
Follow The Markets Structure - Patience and Discipline
  • #563,211
  • Dec 3, 2020 5:39am Dec 3, 2020 5:39am
Quoting pipfarm
{quote} i am no economist but yeh for sure a deal will be done if not now in the future but a technical analyst i am indeed and as i said extremely rare for a breakout then a 100% retrace. good luck
My only worry is the gap 1,2740 and no matter what they say gaps are always filled
Make money by doing the opposite of Giveachance aka loser
  • #563,212
  • Dec 3, 2020 5:42am Dec 3, 2020 5:42am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 25 KB
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 30 KB
yes yes yes
  • #563,213
  • Dec 3, 2020 5:43am Dec 3, 2020 5:43am
time to short 1 position
  • #563,214
  • Dec 3, 2020 5:43am Dec 3, 2020 5:43am
Quoting pipfarm
{quote} i am no economist but yeh for sure a deal will be done if not now in the future but a technical analyst i am indeed and as i said extremely rare for a breakout then a 100% retrace. good luck
I keep referring to September 1 which has many similarities with current price action and levels for dollar pairs. We had a breakout and retrace then.
  • #563,215
  • Dec 3, 2020 5:44am Dec 3, 2020 5:44am
Quoting breakdbroker
clearly favors the bears right now but big money will definitely want to eliminate as many sell orders as possible. therefore we'll go into stop hunting mode for sell orders.
Now the hunt
Lord icarii All Time Return: na
  • #563,216
  • Dec 3, 2020 5:48am Dec 3, 2020 5:48am
Quoting nessus94
{quote} My only worry is the gap 1,2740 and no matter what they say gaps are always filled

Eagle eyes, that is a very small gap
Follow The Markets Structure - Patience and Discipline
  • #563,217
  • Dec 3, 2020 5:50am Dec 3, 2020 5:50am
Quoting breakdbroker
{quote} Now the hunt
I don't think this is a hunt. I'd like to think it's a visible BO and more upside in a few hours.
Careful if you short or plan to

We have been saying the BO will be aggressive when they are ready to let it off.
StaySafe
  • #563,218
  • Dec 3, 2020 5:56am Dec 3, 2020 5:56am
Quoting VM.
{quote} I keep referring to September 1 which has many similarities with current price action and levels for dollar pairs. We had a breakout and retrace then.
look at 20/7 , dx also broke down there like it did in the last days
Attached Image (click to enlarge)
Click to Enlarge Name: gu2.png Size: 27 KB
yes yes yes
  • #563,219
  • Dec 3, 2020 5:56am Dec 3, 2020 5:56am
second 1.34770
  • #563,220
  • Dec 3, 2020 6:00am Dec 3, 2020 6:00am
Release the bigest,fiercest, scariest bear!
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