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Cable Update (GBPUSD)

  • #564,361
  • Dec 8, 2020 7:55am Dec 8, 2020 7:55am
i ll be watching 34130
99.9% persistence
  • #564,362
  • Dec 8, 2020 8:01am Dec 8, 2020 8:01am
Quoting zuluremys
i ll be watching 34130
for a short?
  • #564,363
  • Dec 8, 2020 8:01am Dec 8, 2020 8:01am
Not yet the second daily attempt to break down the 1.33000 area until we see Tuesday's daily close. Nevertheless, the 1.33000 area is a significant technical reaction/turning area to watch.

KP

Quoting fxmasterdxb
{quote} Not sure to be honest, 2nd daily attempt to go below 1.33 which has been rejected, if we close daily above 1.33 then most probably we are going for new highs (1.3660 to 1.3780)...
Do your homework, follow the footprints of smart money
  • #564,364
  • Dec 8, 2020 8:02am Dec 8, 2020 8:02am
Sold 3364. Tp 3250
  • #564,365
  • Dec 8, 2020 8:04am Dec 8, 2020 8:04am
Quoting Gym4life
SELL
OUt one at BE plus one buy same lots as sell
  • #564,366
  • Dec 8, 2020 8:06am Dec 8, 2020 8:06am
GBP put in a quick bout of strength this morning as Brexit news notes progress towards a deal $GBP $USD $EUR https://t.co/RoUXec9oIhhttps://pbs.twimg.com/media/EouHHuKXUAI4zFX.png
  • #564,367
  • Dec 8, 2020 8:09am Dec 8, 2020 8:09am
Quoting Gym4life
{quote} OUt one at BE plus one buy same lots as sell
Out buy +10
  • #564,368
  • Dec 8, 2020 8:12am Dec 8, 2020 8:12am
Quoting Kanizaro
{quote} for a short?
it ll depend on how price will react to the level
99.9% persistence
  • #564,369
  • Dec 8, 2020 8:15am Dec 8, 2020 8:15am
Quoting KeenPips
Not yet the second daily attempt to break down the 1.33000 area until we see Tuesday's daily close. Nevertheless, the 1.33000 area is a significant technical reaction/turning area to watch. KP {quote}
Agree, with the current PA it would be really surprising to see a daily close below 1.33, i think its more probable to see a break of 1.34 rather than close below 1.33
lets see, im done for the day and watching
  • #564,370
  • Dec 8, 2020 8:20am Dec 8, 2020 8:20am
lowering my buy area at 1,3185
Make money by doing the opposite of Giveachance aka loser
  • #564,371
  • Dec 8, 2020 8:21am Dec 8, 2020 8:21am
Quoting fxmasterdxb
{quote} Not sure to be honest, 2nd daily attempt to go below 1.33 which has been rejected, if we close daily above 1.33 then most probably we are going for new highs (1.3660 to 1.3780) EU is a different story, i think the high is reached and maximum maybe we re-test previous highs
I am not sure either, this is one of scenarios. And I don't think market knows itself, it was a good opportunity to kill retail's positions and the market took it.
  • #564,372
  • Dec 8, 2020 8:24am Dec 8, 2020 8:24am
Quoting VM.
{quote} I am not sure either, this is one of scenarios. And I don't think market knows itself, it was a good opportunity to kill retail's positions and the market took it.
retail will be short forever until it goes down
it can go to 1,40 1,50 1,60 retail will just sell and sell and sell more
Make money by doing the opposite of Giveachance aka loser
  • #564,373
  • Dec 8, 2020 8:25am Dec 8, 2020 8:25am
On weekly we have a bearish divergence on VOLUME FLOW / PRICES....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 26 KB
  • #564,374
  • Dec 8, 2020 8:27am Dec 8, 2020 8:27am
The same on DAILY....
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 24 KB
  • #564,375
  • Dec 8, 2020 8:33am Dec 8, 2020 8:33am
EU chief negotiator Michel Barnier said that he had met his British counterpart to prepare the next steps and what the Brexit talks needed was “a school of patience, even a university of patience”.

Guns N' Roses - Patience - YouTube
  • #564,376
  • Dec 8, 2020 8:36am Dec 8, 2020 8:36am
We still have a few hours to go before the daily close. Good to prepare for whichever option price action provides at D1 close unless you are a scalper.

Trade safe.

KP

Quoting fxmasterdxb
{quote} Agree, with the current PA it would be really surprising to see a daily close below 1.33, i think its more probable to see a break of 1.34 rather than close below 1.33 lets see, im done for the day and watching
Do your homework, follow the footprints of smart money
  • #564,377
  • Dec 8, 2020 8:38am Dec 8, 2020 8:38am
[quote=zuluremys;13302782]{quote} it ll depend on how price will react to the lGreat
  • #564,378
  • Dec 8, 2020 8:46am Dec 8, 2020 8:46am
Quoting gatenio
gold.. maybe we can get 1875 today.. or 1907 this week?
gold on 1875
look like the road to 1907 is open and maybe just the start
im taking profit for today.
  • #564,379
  • Dec 8, 2020 9:19am Dec 8, 2020 9:19am
Back to 1.33 stagnation. You get the picture by now but at some point the range will break.
  • #564,380
  • Dec 8, 2020 9:20am Dec 8, 2020 9:20am
Quoting KeenPips
We still have a few hours to go before the daily close. Good to prepare for whichever option price action provides at D1 close unless you are a scalper. Trade safe. KP {quote}
Well im a scalper but taking a position currently is a like gambling as spikes up and down are reoccurring
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