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Cable Update (GBPUSD)

  • #563,441
  • Dec 4, 2020 1:53am Dec 4, 2020 1:53am
Today, support starts at around 1.3410 and follows it 1.3360s. On upside, 1.3510s seems the target with possibly 1.3580s as Max movement.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #563,442
  • Dec 4, 2020 1:54am Dec 4, 2020 1:54am
Quoting ChiForex
Today, support starts at around 1.3410 and follows it 1.3360s. On upside, 1.3510s seems the target with possibly 1.3580s as Max movement.
support is broken
moving half of my position's tp to 1.33710
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yes yes yes
  • #563,443
  • Dec 4, 2020 1:57am Dec 4, 2020 1:57am
first 1.34
second 1.3391
  • #563,444
  • Dec 4, 2020 1:57am Dec 4, 2020 1:57am
... This prev dly/wkly/mthly sw hi to 3482 likely extends down to 3383 on dly t/f so as it was as pot res now it is as pot rbs - a wide zone...this is the 1st downside obstacle to bears on these t/f's...On 1hr/4hr the prev sw hi starting @ 3442 likely extends down to 3414 on 4hr and on these t/f's these are the next downside obstacle. Plenty of fibs in these zones too. dly below.
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Trader with an Edge.
  • #563,445
  • Dec 4, 2020 1:58am Dec 4, 2020 1:58am
I dont think they gonna head south without taking out first yesterday high! And london about to open!
Time is your friend; impulse is your enemy! - John Bogle
  • #563,446
  • Dec 4, 2020 2:09am Dec 4, 2020 2:09am
last H4 candle is bearish engulfing . and you know what i think about that , sell that sucker
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yes yes yes
  • #563,447
  • Dec 4, 2020 2:14am Dec 4, 2020 2:14am
...you didn't think the bulls had gone home, did ya ? 1hr below.
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Trader with an Edge.
  • #563,448
  • Dec 4, 2020 2:15am Dec 4, 2020 2:15am
Quoting Headland
...you didn't think the bulls had gone home, did ya ?
You’re always right Man. Great job. Imo they are not dead but market must take stops, london is bitte tricky
  • #563,449
  • Dec 4, 2020 2:20am Dec 4, 2020 2:20am
Quoting Gym4life
{quote} You’re always right Man. Great job. Imo they are not dead but market must take stops, london is bitte tricky
Hope you did ok from it...1min below shows the regular bullish div entry with the inverted hammer then bulllish engulfing trigger for entry @ that 1hr/4hr pot rbs.
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Trader with an Edge.
  • #563,450
  • Dec 4, 2020 2:24am Dec 4, 2020 2:24am
https://www.forexfactory.com/trades#...ions-details=3
Longer term shorts look very risky at this point in time
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Compulsions can be hard to resist
  • #563,451
  • Dec 4, 2020 2:27am Dec 4, 2020 2:27am
Quoting Moty
last H4 candle is bearish engulfing . and you know what i think about that , sell that sucker {image} {image}
Hey Moty, on may chart I don't have 4h engulfing bear bar....
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  • #563,452
  • Dec 4, 2020 2:29am Dec 4, 2020 2:29am
Eur/Gbp is on my radar too
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Time is your friend; impulse is your enemy! - John Bogle
  • #563,453
  • Dec 4, 2020 2:31am Dec 4, 2020 2:31am
they did on Monday , and they will do it today.
the crooks are here
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yes yes yes
  • #563,454
  • Dec 4, 2020 2:32am Dec 4, 2020 2:32am
the rebirth of 1.27100 if history could be replayed!!!!! Buyers must trend with caution
Keep the Lights on then you can catch the rise from the dark.
  • #563,455
  • Dec 4, 2020 2:44am Dec 4, 2020 2:44am
come on crooks
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yes yes yes
  • #563,456
  • Dec 4, 2020 2:49am Dec 4, 2020 2:49am
Quoting Moty
they did on Monday , and they will do it today. the crooks are here {image}
The only time we have crooked activity is when we see +20 and up flashes in price without any news in sight and even still the market only looks to grab orders. It’s possible there was an order filled @67 before it moved back down. You’re looking at the bigger picture and clearly you see something. Plot the OpenxHighxLow of the day and all it was is a new low being hit and a retest of a high which failed. Market has only moved 40 pips so far. Well it just moved to 50 pips as I type.
  • #563,457
  • Dec 4, 2020 2:51am Dec 4, 2020 2:51am
How low will u go GU my dear. Will u hit my TPs?
Set GOAL, REACH and REPEAT.
  • #563,458
  • Dec 4, 2020 2:52am Dec 4, 2020 2:52am
it keep dropping it and i keep adding
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yes yes yes
  • #563,459
  • Dec 4, 2020 2:52am Dec 4, 2020 2:52am
i think bears are a little too excited. We are over a hundred pips from Monday's opening, weekly bullish. Maybe some jittery because of Brexit, I am looking to buy dips/lows.

Just a lady's opinion.
  • #563,460
  • Dec 4, 2020 2:59am Dec 4, 2020 2:59am
Quoting Moty
it keep dropping it and i keep adding {image}
Bro you are doing a helluva job trading and you’re the most transparent trader on forex factory. I suspect if you keep good money management in place and take some profits 2021 those lot sizes might be at a standard
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