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Cable Update (GBPUSD)

  • #563,461
  • Dec 4, 2020 3:00am Dec 4, 2020 3:00am
Quoting YvonneVon
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.
i am not aiming for a 500 pips target.
i just counting on the round number rejection
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yes yes yes
  • #563,462
  • Edited 3:23am Dec 4, 2020 3:01am | Edited 3:23am
...that prev 1hr sw hi zone = prev res = pot res to 3471 and the 1hr desc t/line held on the run up from that prev 1hr/4hr sw hi zone =prev res = pot rbs beginning at 3442. Nice run down from there and it has now been breeched to the downside (just) - price now deeper into that wide prev dly/wkly/mthly sw hi zone = prev res = pot rbs that started at 3482 and extends down to 3384 on dly t/f. 1hr below.

Next downside fibs 3406/03, then another @ 3393, then 3384/83 (of the various major swings lo's up to 3499/3500.)
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Trader with an Edge.
  • #563,463
  • Dec 4, 2020 3:08am Dec 4, 2020 3:08am
Quoting Moty
{quote} i am not aiming for a 500 pips target. i just counting on the round number rejection {image} {image}
Now 1.35140
  • #563,464
  • Dec 4, 2020 3:10am Dec 4, 2020 3:10am
Quoting Headland
{quote} 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. {image}
Thanks buddz took profits from both sides. Great call with attention
  • #563,465
  • Dec 4, 2020 3:12am Dec 4, 2020 3:12am
Quoting Gym4life
{quote} Now 1.35140
Imo one more push down 33.960 before
  • #563,466
  • Dec 4, 2020 3:17am Dec 4, 2020 3:17am
I guess EURNZD is the beast today
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  • #563,467
  • Dec 4, 2020 3:26am Dec 4, 2020 3:26am
...who would hold a position into the w/e if these brexit talks stretch into the w/e ? Wide stops would be required lol and even then if it gaps big @ sun/mon open in the event of a deal/no deal announcement your broker may slip you?
Trader with an Edge.
  • #563,468
  • Dec 4, 2020 3:33am Dec 4, 2020 3:33am
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yes yes yes
  • #563,469
  • Dec 4, 2020 3:34am Dec 4, 2020 3:34am
The 4 hour may have more fractal subdivisions to make which can be traded from the 1H so i will be looking for more longs, short out of the question for me as support @3268 is still intact and anything moving down above support can be classed as corrective.

Immediate support between the range of 3443 and 3405

Long maybe @3472

Gold i would expect to make a retest down to 1800 once the current H4 swing has finished and is getting very close to the 1850 old support becomes new resistance, its not a trade.


Trade at your own risk
Follow The Markets Structure - Patience and Discipline
  • #563,470
  • Dec 4, 2020 3:39am Dec 4, 2020 3:39am
from forexlive.com
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Trader with an Edge.
  • #563,471
  • Dec 4, 2020 3:43am Dec 4, 2020 3:43am
Let's see how much the bulls can do here. Dollar is not as week today (actually the pace of dollar selloff somewhat slowed in the last few days), and Brexit hopes were dashed again -- quelle surprise!
  • #563,472
  • Dec 4, 2020 3:43am Dec 4, 2020 3:43am
Quoting Headland
from forexlive.com {image}

Boris and Frost on their knees begging him to stay
Follow The Markets Structure - Patience and Discipline
  • #563,473
  • Dec 4, 2020 3:47am Dec 4, 2020 3:47am
Hmmm... what was that? New Brexit hopes?
  • #563,474
  • Dec 4, 2020 3:48am Dec 4, 2020 3:48am
Quoting VM.
Hmmm... what was that? New Brexit hopes?
its a fact soon

get ready
Make money by doing the opposite of Giveachance aka loser
  • #563,475
  • Dec 4, 2020 3:50am Dec 4, 2020 3:50am
Quoting nessus94
{quote} its a fact soon get ready
I will be happy with a Brexit deal. But I will believe it when I see it.
  • #563,476
  • Dec 4, 2020 3:50am Dec 4, 2020 3:50am
Quoting Lock
34145 is highest GB close of September 2020: it was the highest close before yesterday GB close at 34955: if it will fail below it next attempt will be to yesterday GB close...
I didn't expect such a magnitude but rejected below 34145 and here you are at 34955....

market generated information: let the talking heads speak about news, reports, and whatever and trade market information if you want to profit...
Ubi maior minor cessat
  • #563,477
  • Dec 4, 2020 3:50am Dec 4, 2020 3:50am
Quoting YvonneVon
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.
Nice move up.
  • #563,478
  • Dec 4, 2020 3:51am Dec 4, 2020 3:51am
Haha yesterday already told u all said bye to 1.33 n we welcome 1.35 n . 1.36. Haha
  • #563,479
  • Dec 4, 2020 3:52am Dec 4, 2020 3:52am
Quoting YvonneVon
{quote} Nice move up.
Attached Image
Trader with an Edge.
  • #563,480
  • Dec 4, 2020 3:52am Dec 4, 2020 3:52am
Quoting VM.
{quote} I will be happy with a Brexit deal. But I will believe it when I see it.
it can even go to 1,45 after the deal

it would be perfect

but there are 3 retraces area
1.3350
1.3185
1.2740
Make money by doing the opposite of Giveachance aka loser
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