16/10/2019 Cable Update Current High Mark 1.2950 with over bought valve added-in taking the Present Rate to 1.2990 at Resistance Level & New Term High I consider that this is where the Reversal Bar will come into play whilst Nearest or Next Target applied level will be Lower and is set at 61% Retrace Lower towards 1.2379 at Support Level So go for it - its Cash Dollars in the bank the fastest way. Will you be among the ones experiencing this profitable Growth Area.
All strategies referred to by my-self incorporate the Fibonacci Extension Methodology from over on the monthly chart cycles. I watch for these outcomes as to validate weather the Markets are Regulated to these Values so allowing for plenty of time whilst the Indexes are trending is very essential and will play out key towards finding the right or desired outcome to the Currency Rate Pairs under evaluation.
There`s always something happening with- in the Markets - but I need first to Watch before making A Secure Decision to Enter the Market - Just in case Price decides to Pull-Back at the moment on entry within the Trending Cycles. That`s how I Monitor the Indexes before Publishing the Forecasts onto TradingView by finding the Reversal Bars where Price will Stall and Reverse most accurately - Where Price will Stall and Turn About which provides for A Directional Trending Cycle Winners within the current monthly chart cycle or Daily Bar Range as Price Fluctuates.
Trade closed manually
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19/10/2019 GbpUsd - Cable Rate Appears not to be Stopping off at the 38% percent monthly chart bar high 1.2950 - 1.2990 Only as appearance I can see is still powering on within the current trend Higher not what was Expected. So I will need to Close this Set-Up unfortunately to all my followers. And work on a new set-up to the Higher End of Pricing and the current Phase.
I was expecting Price to used the Pivot Point Low at 1.2379 is also the 61% percent bar retrace lower and then go on to 1.3875 as the high mark.
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19/10.2019 This is opinionated evident`s only - But from what I can see of the re-bounce occurring from 1.2990 & 1.2764 there appears an additional 228 pip added to current trend higher which should take Price into 1.3218 & 1.3250 as an educated opinion. We now need to see if the Rate will stall and turn about within the next pips or weather Price will trend on higher.
Trade active
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20/10/2019 Follow forexcandles to receive current updates on market news stories and secure analysis reports on market conditions.
Newly Revised Cable Rate - Gbpusd Pair high set at 1.3111 - Before a return to 1.2555 at support level.
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11/112019 GbpUsd Rate may have extra high at 1.3033 5-minute chart high only.
I'm already on the sell side!! The market is basically manipulating the prices and when everyone least expect it, the great fall will happen....
UnknownUnicorn5176330
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@masterforextrader, Yes the Rate is still rising for no apparent reason - but may just be adding an additional 40pip higher before coming down. There can always be an additional few pips added to the end of trends but this is very expected. - Thanks you the valid help and confidence masterforextrader.
UnknownUnicorn5176330
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@masterforextrader, Hi Are you still holding that GbpUsd - Cable Rate - Price expected to come on down shortly. 1.2505 as target and support level lows.
masterforextrader
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@forexcandles, we got out with a big profit quite some time ago. We are now focusing on the eur/usd since the amount of daily forex subscribers are increasing and they wanted more stability and less manipulation and so the eur/usd was the choice. Matter of fact, we've had 3 great trading days this week. Today there were no trades, but that's because the market is trying to anticipate the Non Farm Payroll for Friday :)
UnknownUnicorn5176330
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@masterforextrader, Great thanks for reply - EurUsd Rate still in never - never land no clear sign of A Trade set-up - Was looking at A Breakout Trend above 1.1175 into 1.1334 level - But Price still did not Breakout above 1.1175.