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Cable Update (GBPUSD)

  • #564,081
  • Dec 7, 2020 9:01am Dec 7, 2020 9:01am
Quoting helioss
Pullback {image}
Wonderful bearish pullback pattern
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 44 KB
  • #564,082
  • Dec 7, 2020 9:01am Dec 7, 2020 9:01am
Gold.. idk what is going on there.
  • #564,083
  • Dec 7, 2020 9:02am Dec 7, 2020 9:02am
Quoting pipfarm
Looks like gold has finished the correction, did not pull back as far as i thought but has made an abc H1 and breaking up above s now r same on eurusd audusd nzdusd very close swissy already make the break down after the abc usual pull back continuation set ups on many currencies cable still not clear for me
Hi P,

still have my gold trade.. I think it will spike more more to the north side.. 1900 seems likely..

lets see
  • #564,084
  • Dec 7, 2020 9:04am Dec 7, 2020 9:04am
Quoting pipfarm
{quote} Cable iam nearly convinced the whole 4H pattern is some kind of larger correction like an expanding triangle which would explain why the last leg of the daily up swing only had 3 swings and also why price retraced so low last time round to 3287 but it is still a stand aside situation for me. Dow looks like its in a correction , only one leg complete and moving into the third {image}
where it will be invalidated ?
Make money by doing the opposite of Giveachance aka loser
  • #564,085
  • Dec 7, 2020 9:04am Dec 7, 2020 9:04am
Quoting pipfarm
{quote} Cable iam nearly convinced the whole 4H pattern is some kind of larger correction like an expanding triangle which would explain why the last leg of the daily up swing only had 3 swings and also why price retraced so low last time round to 3287 but it is still a stand aside situation for me. {image}
I don't expect GU to come back to 1.35, unless we have a Brexit deal. Which I also don't expect.

But you were right on gold, it seems.
  • #564,086
  • Dec 7, 2020 9:04am Dec 7, 2020 9:04am
Quoting JayBag
{quote} Hi P, still have my gold trade.. I think it will spike more more to the north side.. 1900 seems likely.. lets see

What was your entry price on that?
Follow The Markets Structure - Patience and Discipline
  • #564,087
  • Dec 7, 2020 9:07am Dec 7, 2020 9:07am
Quoting VM.
{quote} I don't expect GU to come back to 1.35, unless we have a Brexit deal. Which I also don't expect. But you were right on gold, it seems.
bring me a good deal
Make money by doing the opposite of Giveachance aka loser
  • #564,088
  • Dec 7, 2020 9:07am Dec 7, 2020 9:07am
Quoting Coreg2004
{quote} Arief, next step potential bearish 5-0 pattern... {image}
Coreg, you caught me in hiding mate
  • #564,089
  • Dec 7, 2020 9:08am Dec 7, 2020 9:08am
Quoting pipfarm
{quote} What was your entry price on that?
https://www.forexfactory.com/attachm...8&d=1607012048

Just below 1824
  • #564,090
  • Dec 7, 2020 9:12am Dec 7, 2020 9:12am
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.png Size: 31 KB
yes yes yes
  • #564,091
  • Edited 4:36pm Dec 7, 2020 9:13am | Edited 4:36pm
Quoting Catempire
{quote} Not really. If you are not a member of the EU you cannot trade with the EU on the same terms as a member. Pretty simple stuff, businesses and the economy will be too hard hit for the sakes of a few fishermen being able to catch a few more fish.
were not powerless to attract business ,
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #564,092
  • Dec 7, 2020 9:14am Dec 7, 2020 9:14am
Quoting nessus94
{quote} where it will be invalidated ?
Break up above 3287 as it has is a v good sign however 3400 would need to break to be really sure

invalidated if price close below 3264 on H4
Follow The Markets Structure - Patience and Discipline
  • #564,093
  • Dec 7, 2020 9:19am Dec 7, 2020 9:19am
Quoting pipfarm
{quote} Break up above 3287 as it has is a v good sign however 3400 would need to break to be really sure invalidated if price close below 3264 on H4
thanks
Make money by doing the opposite of Giveachance aka loser
  • #564,094
  • Dec 7, 2020 9:31am Dec 7, 2020 9:31am
Quoting nessus94
{quote} bring me a good deal
again... 27 EU vs 1 UK dream for deal?
  • #564,095
  • Dec 7, 2020 9:33am Dec 7, 2020 9:33am
Quoting Lastaccount
{quote} again... 27 EU vs 1 UK dream for deal?
good enough to bring gbp up
Make money by doing the opposite of Giveachance aka loser
  • #564,096
  • Dec 7, 2020 9:49am Dec 7, 2020 9:49am
Reality is slowly but surely sinking in.
Que Sera
  • #564,097
  • Dec 7, 2020 9:50am Dec 7, 2020 9:50am
Looks like price is set up for deal or no deal , probably announcement due soon
Follow The Markets Structure - Patience and Discipline
  • #564,098
  • Dec 7, 2020 9:50am Dec 7, 2020 9:50am
Quoting Catempire
Reality is slowly but surely sinking in.
buy some gbp before its late
Make money by doing the opposite of Giveachance aka loser
  • #564,099
  • Dec 7, 2020 9:52am Dec 7, 2020 9:52am
Quoting Catempire
Reality is slowly but surely sinking in.

I would not be too sure Cat , if your talking about the current price action, this could still go either way from a t/a perspective, i will not be taking a position either way atm.
Follow The Markets Structure - Patience and Discipline
  • #564,100
  • Dec 7, 2020 9:53am Dec 7, 2020 9:53am
Quoting nessus94
{quote} good enough to bring gbp up
believe me my pren.. you will see 1.30 soon. I promised
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