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Cable Update (GBPUSD)

  • #563,901
  • Dec 7, 2020 12:10am Dec 7, 2020 12:10am
The right shoulder is here
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yes yes yes
  • #563,902
  • Dec 7, 2020 12:41am Dec 7, 2020 12:41am
carefull for false break.. bull still in play..
Trade what you see, not what you think.. react and stay sharp..
  • #563,903
  • Dec 7, 2020 12:58am Dec 7, 2020 12:58am
Morning Gang,

Hope we all had a great weekend

Looking at the chart from a TA point of view, if we know what we are above, sell button would be invisible..

Wishing all a great day/week ahead
Let's run it up

StaySafe
  • #563,904
  • Dec 7, 2020 1:06am Dec 7, 2020 1:06am
Quoting Stonar901
{quote} That's if we don't see a gap on the Downside
Yups break @ 1.3419. But i still got 20 pips in profit. After the break it usually retrace.
  • #563,905
  • Dec 7, 2020 1:16am Dec 7, 2020 1:16am
tp is 1.23630
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yes yes yes
  • #563,906
  • Dec 7, 2020 1:26am Dec 7, 2020 1:26am
congrats bears.. who hold short from the top..
can 1.338xx hold for bulls? lets see.. now we at s1..
Trade what you see, not what you think.. react and stay sharp..
  • #563,907
  • Dec 7, 2020 1:39am Dec 7, 2020 1:39am
Sellers be careful confirmation is needed from
4H in order to get to 1.3200 area...

Buyer, you can enter little lots now it might go up now
and if it does not wait at 1.3200 area to buy heavily.


it you know, you know...
My goal is what keeps me going...
  • #563,908
  • Dec 7, 2020 1:39am Dec 7, 2020 1:39am
Quoting Georginson
Final SELL for me in Year 2020 ... Sold again at 1.3472.
Sell trades at 1.3472, 1.3405 and 1.3376 all exited now at 1.3375. locked 130 pips.

Now I stand aside and wait to catch a better sell at 1.35/1.36 area if 1.3325 area is not broken.
Data + Stat + Risk/Emotions Management
  • #563,909
  • Dec 7, 2020 1:43am Dec 7, 2020 1:43am
Quoting iqyu5an
{quote} Morning and wilujeung enjing sadayana ... drop it ... ambles keun wehh what a rainy day here ...
Ceuk uwing ge naon sare ah
not euphoria follower
  • #563,910
  • Dec 7, 2020 1:46am Dec 7, 2020 1:46am
show me the money
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gold
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yes yes yes
  • #563,911
  • Dec 7, 2020 1:47am Dec 7, 2020 1:47am
Quoting Arief-
crippled made 110p fall {image}
Still in the crippled show trade levels
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  • #563,912
  • Dec 7, 2020 1:47am Dec 7, 2020 1:47am
1.3324 as potential down target for today
  • #563,913
  • Dec 7, 2020 1:47am Dec 7, 2020 1:47am
G/M, gap down@ open, gap then closes, then price finds res @ the prev 4hr sw lo zone = prev supp = pot sbr and results in another leg down to Dly s1 / 50% 3288-3539. Chances of a deal @ this stage - not looking good, but who knows 1hr below.

...dly asc t/line - effective rising wedge bottom on that t/f under threat of downside breech with more downside ..dly below.
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Trader with an Edge.
  • #563,914
  • Dec 7, 2020 2:09am Dec 7, 2020 2:09am
Quoting Lastaccount
1.3324 as potential down target for today
This high?
Remember today may be the no deal day.
  • #563,915
  • Dec 7, 2020 2:11am Dec 7, 2020 2:11am
all out !!!!
wonderful start for the week
price came back to the pre market price , more then 75 pips gap down
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yes yes yes
  • #563,916
  • Dec 7, 2020 2:11am Dec 7, 2020 2:11am
... 23.6% of the 2675-3539 @ the current dly lo...sellers look strong at the moment.
Trader with an Edge.
  • #563,917
  • Dec 7, 2020 2:12am Dec 7, 2020 2:12am
Quoting Lastaccount
1.3324 as potential down target for today
done in few minutes
  • #563,918
  • Dec 7, 2020 2:14am Dec 7, 2020 2:14am
THE drop is too quick.

This is the case usually, the drop will be quicker than rise
Intraday only.
  • #563,919
  • Dec 7, 2020 2:17am Dec 7, 2020 2:17am
... dly asc t/line breeched, wkly s1 breeched....heading to a prev 1hr/4hr/dly sw lo zone down to 3284.

EDIT: that area reached/ / 23.6% 2480-3539, 4hr below. 30day adr exceeded now - 134%

3277-69 4 fib cluster of fibs from major siwng lo's to 3539 hi.
nice !
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Trader with an Edge.
  • #563,920
  • Dec 7, 2020 2:18am Dec 7, 2020 2:18am
Quoting VM.
{quote} This high? Remember today may be the no deal day.
next 1.3210 then 1.2997
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