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Cable Update (GBPUSD)

  • #567,121
  • Dec 21, 2020 2:16am Dec 21, 2020 2:16am
Attached Image (click to enlarge)
Click to Enlarge Name: dx.png Size: 32 KB
yes yes yes
  • #567,122
  • Dec 21, 2020 2:19am Dec 21, 2020 2:19am
GU

Hi All,

I'm Newbie.

This is what I see in GU Chart at the moment.

We are in Chop Chop zone ( purple Box). Winner , winner Chicken Dinner.

I will only consider going LONG if price reach the yellow band later.

Any comment are welcome.

Thank You.

From Newbie aka Sang Real
Attached Image (click to enlarge)
Click to Enlarge Name: gu 010.jpg Size: 295 KB
  • #567,123
  • Dec 21, 2020 2:20am Dec 21, 2020 2:20am
Attached Image (click to enlarge)
Click to Enlarge Name: ab1080372c752bc4f6ac26d6650ddb30.png Size: 28 KB


We are getting closer to 50% Fib of the "Brexit_vote+Art50_triggered" movement at 1.32463.
Let's see where this will take us...
WT
  • #567,124
  • Dec 21, 2020 2:22am Dec 21, 2020 2:22am
Oh +540p, very nice starting of the week )) no trades today anymore
Observer effect
  • #567,125
  • Dec 21, 2020 2:23am Dec 21, 2020 2:23am
Quoting Sang.Real
GU Hi All, I'm Newbie. This is what I see in GU Chart at the moment. We are in Chop Chop zone ( purple Box). Winner , winner Chicken Dinner. I will only consider going LONG if price reach the yellow band later. Any comment are welcome. Thank You. From Newbie aka Sang Real {image}
Out of curiosity - do you know WHY GU is going down?
WT
  • #567,126
  • Dec 21, 2020 2:31am Dec 21, 2020 2:31am
Quoting Bartosz77
{quote} Out of curiosity - do you know WHY GU is going down?
Hi Bartosz,

Honestly, I don't know why it goes down.

As newbie, I just learn Basic Support and Resistant to trade,.

As for now, my trade only base SNR zone. I'm waiting for the price to come to me ( waiting for GU to hit the buy zone)

I marked those zone and trade it as it is.

I hope to learn more from many professional, experienced and expert traders in this forum

Sincerely

Newbie aka Sang Real
  • #567,127
  • Dec 21, 2020 2:31am Dec 21, 2020 2:31am
This is the beginning of the drop us bears have been patiently waiting for.
It was inevitable really as those of us living in UK always thought a deal was unlikely.

My initial target is 1.30 possibly 1.27 but will see how we go.
A fool and his money are easily parted
  • #567,128
  • Dec 21, 2020 2:32am Dec 21, 2020 2:32am
i see PA on GU, it break support level without any fight .. hard to tell which way GU wanna take from this price.. straight down or bounce from here..
Trade what you see, not what you think.. react and stay sharp..
  • #567,129
  • Dec 21, 2020 2:34am Dec 21, 2020 2:34am
Quoting Bartosz77
{quote} Out of curiosity - do you know WHY GU is going down?
Quite simple really. It has moved up a lot because enough thought a Brexit deal was likely.
This is now looking highly unlikely and the UK is now in a mess.

Add the recent lockdown and its basically fooked.
A fool and his money are easily parted
  • #567,130
  • Dec 21, 2020 2:34am Dec 21, 2020 2:34am
next buy try will be around 1.32200.. gap close area....
Extreme gut feeling trader
  • #567,131
  • Dec 21, 2020 2:36am Dec 21, 2020 2:36am
Quoting Sang.Real
{quote} Hi Bartosz, Honestly, I don't know why it goes down. As newbie, I just learn Basic Support and Resistant to trade,. As for now, my trade only base SNR zone. I'm waiting for the price to come to me ( waiting for GU to hit the buy zone) I marked those zone and trade it as it is. I hope to learn more from many professional, experienced and expert traders in this forum Sincerely Newbie aka Sang Real
Well... On this particular pair there is lots going on outside the graph...

Brexit - no deal.
Covid:
1 - new type of virus in London.
2 - Eurotunnel shut by France for at least 48 hours since yesterday 23:00
3 - Netherlands, Italy, Belgium closed borders with UK (stopped flights in and out)
WT
  • #567,132
  • Dec 21, 2020 2:39am Dec 21, 2020 2:39am
Quoting MozzChops
{quote} Quite simple really. It has moved up a lot because enough thought a Brexit deal was likely. This is now looking highly unlikely and the UK is now in a mess. Add the recent lockdown and its basically fooked.
I asked the question, because there are traders who only look at the graph. This leads to reaction "after" the market has moved.
WT
  • #567,133
  • Dec 21, 2020 2:43am Dec 21, 2020 2:43am
Quoting montygoldy
next buy try will be around 1.32200.. gap close area....
it won't get there , time to fly
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu1.png Size: 44 KB
Click to Enlarge Name: gu2.png Size: 39 KB
yes yes yes
  • #567,134
  • Dec 21, 2020 2:45am Dec 21, 2020 2:45am
Quoting Georginson
{quote} First target attack 1.3230 Second target attack 1.3060 in days ahead.
1.3230 almost conquered, 1.3060 looms in days ahead.
Data + Stat + Risk/Emotions Management
  • #567,135
  • Dec 21, 2020 2:45am Dec 21, 2020 2:45am
[email protected]
Buy Limit#[email protected]
Buy Limit#[email protected]
[email protected]
[email protected]
  • #567,136
  • Dec 21, 2020 2:51am Dec 21, 2020 2:51am
Quoting Kaysole
[email protected] Buy Limit#[email protected] Buy Limit#[email protected] [email protected] [email protected]
Hmm... Buying in case of lockdown, no-deal brexit... Hmm... That could bring some "profits"...
WT
  • #567,137
  • Dec 21, 2020 2:51am Dec 21, 2020 2:51am
DXY starting to going down again..
can we see GU fly again? lets see what happen time will tell
Trade what you see, not what you think.. react and stay sharp..
  • #567,138
  • Dec 21, 2020 2:54am Dec 21, 2020 2:54am
dxy going down and GU getting manipulated
be patient
  • #567,139
  • Dec 21, 2020 2:57am Dec 21, 2020 2:57am
Quoting Moty
{quote} it won't get there , time to fly {image} {image}
i still believe gap close first then fly
Extreme gut feeling trader
  • #567,140
  • Dec 21, 2020 2:58am Dec 21, 2020 2:58am
Quoting Bartosz77
{quote} Hmm... Buying in case of lockdown, no-deal brexit... Hmm... That could bring some "profits"...
You should thank me, I'm providing you with liquidity.
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