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Cable Update (GBPUSD)

  • #568,801
  • Dec 28, 2020 12:31am Dec 28, 2020 12:31am
Quoting KiwiTrada
gold very strong drive into good resistance 1900 00 rejection sill to be confirmed? cable both bull and bear in scrap, 50/50 nice double top daily still in play, bears advantage below 3623, lower 3600, 3500 next support??
gold rejection confirmed, very nice move, both cable and geppy waiting for bears to turn up!!!
If you are new to Forex? Say Goodbye to your account!!
  • #568,802
  • Dec 28, 2020 12:48am Dec 28, 2020 12:48am
Quoting KiwiTrada
{quote} gold rejection confirmed, very nice move, both cable and geppy waiting for bears to turn up!!!
Hi Kwi,

I think bears left the group chat and blocked themselves

SS
  • #568,803
  • Dec 28, 2020 1:00am Dec 28, 2020 1:00am
Quoting JayBag
{quote} Hi Kwi, I think bears left the group chat and blocked themselves SS
we shall see if she starts dropping (freefall), bears will come back and bulls will become bears and will be then time to long? aussie just closed last weeks gap, 7619 which is near previous weekly high july 2018 7622, problem is last weeks candle is bullish so bears need her below 76c, is still cheap entry for short small sl, presently 7620
If you are new to Forex? Say Goodbye to your account!!
  • #568,804
  • Dec 28, 2020 1:03am Dec 28, 2020 1:03am
Quoting KiwiTrada
{quote} we shall see if she starts dropping (freefall), bears will come back and bulls will become bears and will be then time to long? aussie just closed last weeks gap, 7619 which is near previous weekly high july 2018 7622, problem is last weeks candle is bullish so bears need her below 76c, is still cheap entry for short small sl, presently 7620
Did you say 'Free Fall'? I can't wait to see it happen..

If you are already short, please excise plenty caution. Bulls will not be funny in these few days as they have a close in mind for the year..

SS
  • #568,805
  • Dec 28, 2020 1:03am Dec 28, 2020 1:03am
Quoting JayBag
{quote} Hi Kwi, I think bears left the group chat and blocked themselves SS
Bears are always around... Remember the crash is usually faster than the rise...
Data + Stat + Risk/Emotions Management
  • #568,806
  • Dec 28, 2020 1:03am Dec 28, 2020 1:03am
Big hopes for a drop, retest bluish trendline.
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Air force
  • #568,807
  • Dec 28, 2020 1:09am Dec 28, 2020 1:09am
Quoting Georginson
{quote} Bears are always around... Remember the crash is usually faster than the rise...
Bears could only come out during the weekend on XE.com
The market is open and they can't stand outside lol

This time, Bulls will be swift..
I keep warning bears in these last days..

You guys don't wanna be caught pants down

SS
  • #568,808
  • Dec 28, 2020 1:14am Dec 28, 2020 1:14am
@jaybag,

if the current hourly candle closes below 1.3554 I expect a sell off.
  • #568,809
  • Dec 28, 2020 1:14am Dec 28, 2020 1:14am
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yes yes yes
  • #568,810
  • Dec 28, 2020 1:15am Dec 28, 2020 1:15am
Quoting JayBag
{quote} Bears could only come out during the weekend on XE.com The market is open and they can't stand outside lol This time, Bulls will be swift.. I keep warning bears in these last days.. You guys don't wanna be caught pants down SS
I see year 2020 ending at 1.33 area...

Then 1.30 area in first half of January, 1.36 second half of January

1.40 By March 2021, 1.43 by April 2021 then 1.37 by May 2021...

Current price trades at 1.3565 as at time of typing.

Audacious calls it seem but let's see how it plays out.
Data + Stat + Risk/Emotions Management
  • #568,811
  • Dec 28, 2020 1:16am Dec 28, 2020 1:16am
Quoting knkie
........ Watch the pound jump higher at the opening. Explosive move coming up.

Kaching!!
in wondering about yourself, you forgot what you came here to be part of
  • #568,812
  • Dec 28, 2020 1:17am Dec 28, 2020 1:17am
Quoting JayBag
{quote} Bears could only come out during the weekend on XE.com The market is open and they can't stand outside lol This time, Bulls will be swift.. I keep warning bears in these last days.. You guys don't wanna be caught pants down SS

I'm short myself, but I love the way you trash-talk.
  • #568,813
  • Dec 28, 2020 1:22am Dec 28, 2020 1:22am
1.366 is sure.
LMAO
Patience.....
  • #568,814
  • Dec 28, 2020 1:22am Dec 28, 2020 1:22am
Quoting Kaysole
{quote} I'm short myself, but I love the way you trash-talk.
But that’s facts tho. I mean, we saw 1.33 during weekend and when market opened, it wasn’t there..

maybe i I just didn’t put it more appropriately
  • #568,815
  • Dec 28, 2020 1:23am Dec 28, 2020 1:23am
Quoting JayBag
{quote} Bears could only come out during the weekend on XE.com The market is open and they can't stand outside lol This time, Bulls will be swift.. I keep warning bears in these last days.. You guys don't wanna be caught pants down SS
my pants are up thanks, My IFC account is short 1 36168 I do agree she is finely poised in a short term bull market but medium term is bear market, some good resistances just above as posted, with them intact I "do" expect free fall not just drop, often termed "falling knives" so bull needs to be just as careful as bear!!!
If you are new to Forex? Say Goodbye to your account!!
  • #568,816
  • Dec 28, 2020 1:24am Dec 28, 2020 1:24am
Quoting Georginson
{quote} I see year 2020 ending at 1.33 area... Then 1.30 area in first half of January, 1.36 second half of January 1.40 By March 2021, 1.43 by April 2021 then 1.37 by May 2021... Current price trades at 1.3565 as at time of typing. Audacious calls it seem but let's see how it plays out.
BraceUp chairman.. High chance of seeing numbers nobody expected before year close..

its just lurking with a mask on
  • #568,817
  • Dec 28, 2020 1:26am Dec 28, 2020 1:26am
Quoting pipcenturion
@jaybag, if the current hourly candle closes below 1.3554 I expect a sell off.
Atleast you have a level to watch for confirmation .. Otherwise I’d honestly advice against hoping for any ‘sell off’

but I can’t tell anyone other than my family and office members what to do..

Please be careful ooo
SS
  • #568,818
  • Dec 28, 2020 1:34am Dec 28, 2020 1:34am
Quoting KiwiTrada
{quote} my pants are up thanks, My IFC account is short 1 36168 I do agree she is finely poised in a short term bull market but medium term is bear market, some good resistances just above as posted, with them intact I "do" expect free fall not just drop, often termed "falling knives" so bull needs to be just as careful as bear!!!
Looking forward to it K..
it should be interesting

SS
  • #568,819
  • Dec 28, 2020 1:35am Dec 28, 2020 1:35am
Quoting JayBag
{quote} Atleast you have a level to watch for confirmation .. Otherwise I’d honestly advice against hoping for any ‘sell off’ but I can’t tell anyone other than my family and office members what to do.. Please be careful ooo SS
How did you feel when pound plummeted from 1.3482 to 1.2674 within trade 13 days in September?

How did you feel when Pound crashed from 1.3230 in early March to 1.1409 in that same March?

How did you feel when pound lost its grace from high of 1.7189 in July 2014 to as low as 1.38 Early 2015?

How do you feel seeing pound struggle to surge above 1.4375 since April 2018 and agonisingly been dumped through its lower highs?

It's going to be a hard transition for this pair even after this brexit deal is agreed, things will never be the same until after a decade.

I will start buying only from 1.30/1.28 area for maximum target of 1.43 and nothing more. For now all I see is bearish to at least 1.30 area.
Data + Stat + Risk/Emotions Management
  • #568,820
  • Dec 28, 2020 1:38am Dec 28, 2020 1:38am
Quoting KiwiTrada
{quote} my pants are up thanks, My IFC account is short 1 36168 I do agree she is finely poised in a short term bull market but medium term is bear market, some good resistances just above as posted, with them intact I "do" expect free fall not just drop, often termed "falling knives" so bull needs to be just as careful as bear!!!
cable monthly this month has been all bulls, with BO (pierce until next months confirmation candle) of falling TL if confirmed cable will be bullish for next 4 - 5 years possibly longer, however horizontal levels we are in are levels from 2009 (post GFC 2008) until mid2016 for bears to breakdown through since then bulls have tried 4times mid 2017 to get and stay above present levels, they failed and bears have pulverised bulls since then albeit traveling east it has been 3 years of bull v bear 50/50 so present levels are very clear and very strong, if bulls break she will fly if they fail she will "freefall)
If you are new to Forex? Say Goodbye to your account!!
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