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Cable Update (GBPUSD)

  • #566,661
  • Dec 18, 2020 3:12am Dec 18, 2020 3:12am
Quoting KiwiTrada
au previous weekly resistance 76c needs to hold or it will be up to 77c bears 7605 presently swissy and eu little pumping very odd one is wrong the one wrong it will show first gold pull back doing nicely:-)
i think dollar is taking a dump again or most likely will take one more in US session. that is reason GU has somewhat bottomed
  • #566,662
  • Dec 18, 2020 3:16am Dec 18, 2020 3:16am
Quoting giveachance
{quote} wow the person who was torturing the bears when they were shorting has shorted and made 100 pips
you have to know when to short

and i called it on time

no after the facts bs
Make money by doing the opposite of Giveachance aka loser
  • #566,663
  • Dec 18, 2020 3:17am Dec 18, 2020 3:17am
Quoting giveachance
{quote} i think dollar is taking a dump again or most likely will take one more in US session. that is reason GU has somewhat bottomed
gu to 1,40 anyway
Make money by doing the opposite of Giveachance aka loser
  • #566,664
  • Dec 18, 2020 3:19am Dec 18, 2020 3:19am
go daxi , go
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the drop is here
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yes yes yes
  • #566,665
  • Dec 18, 2020 3:20am Dec 18, 2020 3:20am
Took a short from 1.3558 to 1.3460. Seems as if the structure is heading that way anyway
Keep it simple stupid
  • #566,666
  • Dec 18, 2020 3:23am Dec 18, 2020 3:23am
Quoting shahab8b
I see a possible double top formation on H1. Levels to watch for a possible long trade on the chart. The setup for the short trade @ 1.2625 was posted here https://www.forexfactory.com/thread/...4#post13317644 {image}
We saw a good work by the double top formation on H1. The drop from 1.3625 looks like an abc correction as wave 4. Possible long setup.

Quoting shahab8b
{quote} I appreciate you nice words Jeff. I agree with you. It looks like a 5 wave move completed inside a bigger wave 3. If that's the case, we can buy the dips (possibly around 1.35) for the next leg up. {image}
....
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  • #566,667
  • Dec 18, 2020 3:24am Dec 18, 2020 3:24am
Not the best entry but safest. Waiting 1.34360.
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rookie trader. 1 year fx trading experience.
  • #566,668
  • Dec 18, 2020 3:28am Dec 18, 2020 3:28am
As I wrote in my Post 566,244 of this thread yesterday, the daily chart was looking like it was trapping the breakout suckers into weak long positions, so far it looks like it is true, letīs see how it unfolds today.

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Yesterday there were two nice opportunities to short, one not very textbook 2 bar upthrust and then no demand at the same resistance. If you shorted there and held overnight, would be in nice profits by now. Price has encountered some demand/stopping volume at the moment. I would like to see a spring or no supply bars at the green area for long, if price closes below this area it will probably test yesterday low, another place to look for springs, no supply or climactic selling action.

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  • #566,669
  • Dec 18, 2020 3:34am Dec 18, 2020 3:34am
3506 SM long added
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Always Defend your investment 1775
  • #566,670
  • Dec 18, 2020 3:35am Dec 18, 2020 3:35am
Quoting ChiForex
GU will have to base again above 1.3550 to possibly target up to 1.3620 first.
Otherwise, a drop to the dips of 1.3380s-00 is in the cards where bulls will be prepared to buy GBP.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #566,671
  • Dec 18, 2020 3:36am Dec 18, 2020 3:36am
Quoting Gauer
As I wrote in my Post 566,244 of this thread yesterday, the daily chart was looking like it was trapping the breakout suckers into weak long positions, so far it looks like it is true, letīs see how it unfolds today. {image} Yesterday there were two nice opportunities to short, one not very textbook 2 bar upthrust and then no demand at the same resistance. If you shorted there and held overnight, would be in nice profits by now. Price has encountered some demand/stopping...
Not to you. There is a vivid Double top and retest. Stop trading who long there.
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rookie trader. 1 year fx trading experience.
  • #566,672
  • Dec 18, 2020 3:36am Dec 18, 2020 3:36am
looking to buy around 1.34700-800 for 50 pips...
Extreme gut feeling trader
  • #566,673
  • Dec 18, 2020 3:38am Dec 18, 2020 3:38am
finally target hit
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  • #566,674
  • Dec 18, 2020 3:40am Dec 18, 2020 3:40am
Quoting Hunterrus84
3506 SM long added {image}
Attached Image
rookie trader. 1 year fx trading experience.
  • #566,675
  • Dec 18, 2020 3:41am Dec 18, 2020 3:41am
Quoting bureuk
{quote} {image}
I trade facts and not questions, sorry
Always Defend your investment 1775
  • #566,676
  • Dec 18, 2020 3:45am Dec 18, 2020 3:45am
...perhaps the market over did the enthusiasm for Ģ on back of talks extension for this week, confirmed last w/e,? and after latest more negative updates is taking some of it back ? @ the moment I don't see what will drive this higher but it is a febrile market that is reacting to every little twist and turn of the brexit talks - so, remain vigilent.
Trader with an Edge.
  • #566,677
  • Dec 18, 2020 3:47am Dec 18, 2020 3:47am
yesterday i promised red candle , it came today , better late then never
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yes yes yes
  • #566,678
  • Dec 18, 2020 3:49am Dec 18, 2020 3:49am
Congrats Moty!
  • #566,679
  • Dec 18, 2020 3:49am Dec 18, 2020 3:49am
more for my long here 1.3491
Make money by doing the opposite of Giveachance aka loser
  • #566,680
  • Dec 18, 2020 3:50am Dec 18, 2020 3:50am
Quoting Hunterrus84
3506 SM long added {image}
maybe he should change the "smart" in "smart money" to something else beginning with "s"
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