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Cable Update (GBPUSD)

  • #637,441
  • Nov 9, 2021 7:12am Nov 9, 2021 7:12am
Quoting gatenio
{quote} really?? why? just wonder, i dont think we ready for the drop for the month.. maybe 1.364 area better area to the potential high.
Well lets see the reaction around 1.3530 first where I have my first target, i expect a pull back but cant see it crossing todays high
  • #637,442
  • Nov 9, 2021 7:14am Nov 9, 2021 7:14am
Quoting Mitiblotch
{quote} Price has not even touched the monthly pivot, which it will touch and probably surpass before ever falling it wants to fall. And that pivot sits pretty at 3654.
Thats your opinion and i respect it, for me i cant see price going past todays high this week, for the rest of the month i need further confirmation for me to be confident with such statement
  • #637,443
  • Nov 9, 2021 7:16am Nov 9, 2021 7:16am
Quoting fxmasterdxb
{quote} Well lets see the reaction around 1.3530 first where I have my first target, i expect a pull back but cant see it crossing todays high
i think tomorrow we see some low
  • #637,444
  • Nov 9, 2021 7:16am Nov 9, 2021 7:16am
Double bottom
  • #637,445
  • Nov 9, 2021 7:16am Nov 9, 2021 7:16am
GBPUSD UPDATE - CHART SPEAKS
Nice start maybe news will get me there
Can only wait n see
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  • #637,446
  • Nov 9, 2021 7:17am Nov 9, 2021 7:17am
Still some downside left, time to decide where to exit.
  • #637,447
  • Nov 9, 2021 7:22am Nov 9, 2021 7:22am
Quoting Houtbay
Still some downside left, time to decide where to exit.
keep an eye on 13550 psychological area
Insane in the Brain..
  • #637,448
  • Nov 9, 2021 7:23am Nov 9, 2021 7:23am
Quoting Ihlas
Double bottom
Double bottom is a metaphor indicating the presence of hidden meaning, trick or deceptive appearance.
Literally, it refers to the "double bottom suitcase" from old films about spies and smugglers - they hid weapons, spy gadgets or drugs under the second bottom.
Air force
  • #637,449
  • Nov 9, 2021 7:25am Nov 9, 2021 7:25am
If price starts to break and holding below 1.35500, I'm going to look to re-enter sells again.
  • #637,450
  • Nov 9, 2021 7:28am Nov 9, 2021 7:28am
Quoting fxmasterdxb
{quote} Thats your opinion and i respect it, for me i cant see price going past todays high this week, for the rest of the month i need further confirmation for me to be confident with such statement
I don't think I put a timestamp on my statement, either. The month is still young and I maintain that the monthly pivot has not been touched. Also, I expected that you would have replied close to when I made that post, not when price is about 50 pips lower than when it was made. That kinda sounds a bit too convenient to me. In any case, I still respect your opinion.

A break below the low of last week invalidates the whole scenario for me.
  • #637,451
  • Nov 9, 2021 7:31am Nov 9, 2021 7:31am
Quoting BeeTogether
{quote} keep an eye on 13550 psychological area
YUP.
  • #637,452
  • Nov 9, 2021 7:32am Nov 9, 2021 7:32am
i looked short in up trend main.two days went up and down--only 50 pips can earn.i wish you suscess in short.
  • #637,453
  • Nov 9, 2021 7:32am Nov 9, 2021 7:32am
Quoting Maximumheigh
{quote} Offloading all my Short positions @1.3560. Looking to enter long again. The R @1.355x seems to be very strong. IMO
Loaded LONG @1.3558. Let see what PA gives us. IMO
  • #637,454
  • Nov 9, 2021 7:33am Nov 9, 2021 7:33am
Quoting W0lfram
{quote} Double bottom is a metaphor indicating the presence of hidden meaning, trick or deceptive appearance. Literally, it refers to the "double bottom suitcase" from old films about spies and smugglers - they hid weapons, spy gadgets or drugs under the second bottom.
Same as fx pairs, deceptive but understandable
  • #637,455
  • Nov 9, 2021 7:33am Nov 9, 2021 7:33am
There is a possibility that price still continues down on gbpusd
  • #637,456
  • Nov 9, 2021 7:36am Nov 9, 2021 7:36am
Red sticker US data met forecast could push the pair down although not sure by how much. 13555 seems to be a support area
Insane in the Brain..
  • #637,457
  • Nov 9, 2021 7:36am Nov 9, 2021 7:36am
I think this scenario more likely now
  • #637,458
  • Nov 9, 2021 7:39am Nov 9, 2021 7:39am
Quoting Mitiblotch
{quote} I don't think I put a timestamp on my statement, either. The month is still young and I maintain that the monthly pivot has not been touched. Also, I expected that you would have replied close to when I made that post, not when price is about 50 pips lower than when it was made. That kinda sounds a bit too convenient to me. In any case, I still respect your opinion. A break below the low of last week invalidates the whole scenario for me.
My friend im having a day job and do not have the time to check FF every 5 minutes, I post whenever I get the time, saying that I have responded 50 pips after price has dropped is completely irrelevant!

My answer would have been exactly the same regardless of the time!
  • #637,459
  • Nov 9, 2021 7:40am Nov 9, 2021 7:40am
Dollar index showing continued bearish pressure. Good for Cable bulls
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  • #637,460
  • Nov 9, 2021 7:42am Nov 9, 2021 7:42am
Quoting Mitiblotch
{quote} I don't think I put a timestamp on my statement, either. The month is still young and I maintain that the monthly pivot has not been touched. Also, I expected that you would have replied close to when I made that post, not when price is about 50 pips lower than when it was made. That kinda sounds a bit too convenient to me. In any case, I still respect your opinion. A break below the low of last week invalidates the whole scenario for me.
And this is my chart which shows i have been selling since the time I posted that I believe high of the week is printed!
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