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Cable Update (GBPUSD)

  • #593,881
  • Edited 7:14am May 10, 2021 6:47am | Edited 7:14am
Quoting BeeTogether
{quote} 14150 area to go down?
Can go anywhere from 1.4120 IMO..will wait for some confirmation and pullback..not guaranteed obv, momentum with the bulls

4h supply at 1.4143-82

https://www.tradingview.com/x/rcqnNeLx/
  • #593,882
  • May 10, 2021 6:48am May 10, 2021 6:48am
GU

Today are good example breakout at resistant, with tiny shallow pullback (27pips PB).

Showing the bull strength.

Loss some trades today.

Earned a very good lesson too.

Waiting for price action for next move.

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  • #593,883
  • May 10, 2021 6:48am May 10, 2021 6:48am
Quoting Moty
{quote} you can get today 30-40 pips more to the upside and then only tomorrow we can sell , no sell until the end of the day {image}
EURGBP is gonna buy 0.86000.Need another 15 pips drop...GBP
I'm The Real Deal Quant-XR ,The Financial Hacker
  • #593,884
  • May 10, 2021 6:49am May 10, 2021 6:49am
New momentum on volatility trade : buy stop 1.41200
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #593,885
  • May 10, 2021 6:54am May 10, 2021 6:54am
Quoting navk
{quote} the PA does not do that IMO. If it wants to fall from there, some consolidation days, up and down,,, then breaks down
It has already violated 1.4110 yet again. You may have to look at hourly price formation of 19th of April 2021 and also daily price formation of 1st to 10th June 2020 & 1st to 9th November 2018...

Buyers can only pause around 5 minutes to London close today...

This move is pointing at 1.4170 - 1.42 area before an interrupted reversal to 1.3600 this same May.
Data + Stat + Risk/Emotions Management
  • #593,886
  • May 10, 2021 6:56am May 10, 2021 6:56am
Price is around a BRN 1.4100. Expecting for some momentum
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Ahmad Hassan
  • #593,887
  • May 10, 2021 6:58am May 10, 2021 6:58am
Cable has a possible target of 41768
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Hope is the worst indicator...
  • #593,888
  • May 10, 2021 7:09am May 10, 2021 7:09am
Quoting Georginson
{quote} It has already violated 1.4110 yet again. You may have to look at hourly price formation of 19th of April 2021 and also daily price formation of 1st to 10th June 2020 & 1st to 9th November 2018... Buyers can only pause around 5 minutes to London close today... This move is pointing at 1.4170 - 1.42 area before an interrupted reversal to 1.3600 this same May.
what would invalidate your reversal to 1.36?
  • #593,889
  • May 10, 2021 7:09am May 10, 2021 7:09am
Quoting Georginson
{quote} It has already violated 1.4110 yet again. You may have to look at hourly price formation of 19th of April 2021 and also daily price formation of 1st to 10th June 2020 & 1st to 9th November 2018... Buyers can only pause around 5 minutes to London close today... This move is pointing at 1.4170 - 1.42 area before an interrupted reversal to 1.3600 this same May.
to me below 4120 NY retraces.

Let us see.

I have stop at 4120
Intraday only.
  • #593,890
  • May 10, 2021 7:12am May 10, 2021 7:12am
looks like 1.4118 is the reversal area. It should drop to 1.4078 before up.
If DXY breaks 90.16, then it will drop further to 1.4018.
Lets see how it turns up.
My observation may be wrong but intent correct. Stay calm!
  • #593,891
  • May 10, 2021 7:14am May 10, 2021 7:14am
Up And Down movement with a small range (about 50 Pips) is probable for next hours
  • #593,892
  • May 10, 2021 7:15am May 10, 2021 7:15am
Quoting JayBag
{quote} I no go need parachute bros. You go ask why? I be 100% Edo man myself My Terracotta-like DP suppose give small clue
, you dey fly?????
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #593,893
  • May 10, 2021 7:15am May 10, 2021 7:15am
Quoting thevisitor
some longs in progress target - 1.40 - 1.4160-80{image}
On the way..
  • #593,894
  • May 10, 2021 7:16am May 10, 2021 7:16am
top of the channel in the making
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yes yes yes
  • #593,895
  • May 10, 2021 7:22am May 10, 2021 7:22am
It looks like the last drops of fuel are being squeezed out of the bulls, but you never know what this beast is capable of...
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #593,896
  • May 10, 2021 7:27am May 10, 2021 7:27am
Quoting martinez1
{quote} , you dey fly?????
If only bro, I for don enter UK parliament change things myself ni
  • #593,897
  • May 10, 2021 7:29am May 10, 2021 7:29am
New volatility long : 1.41327
If I don't mention SL and/or TP = longer-term setup possibly in the works!
  • #593,898
  • May 10, 2021 7:30am May 10, 2021 7:30am
Attached Image (click to enlarge)
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daily high 1.41300
short that sucker to1.41000 for 30 pips
yes yes yes
  • #593,899
  • May 10, 2021 7:32am May 10, 2021 7:32am
How you doin' GU sellers?
  • #593,900
  • May 10, 2021 7:33am May 10, 2021 7:33am
Quoting balleking
{quote} what would invalidate your reversal to 1.36?
Only a break of 1.4276 will invalidate 1.36.
Data + Stat + Risk/Emotions Management
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