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Cable Update (GBP/USD) without Idiots 23 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

the LO should get more higher price on GU , the optimis of the england growth with a good data as far release , a good data = good economic growth = strong GBP
and technical is support also with the daily close yesterday , so we will expect more higher / break that 1.33200
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
I added another long last night just before the FOMC at 13217 area. TP is 133-13350 SL already moved to 13230
Quoting stevepatt
{quote} GBP/USD H4 Observations 2 {image}

GBP/USD H4 Observations

FOMC used to drop Price into Liquidity

Price is going to need another Boost of Bullish Liquidity if it is going to Break through the Zone of Selling....
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deteriorate pandemic elsewhere , say uk yesterday 78k new cases per day & confirmed a a new wave up , mighty wave 2 in impulse , much more to come possible then 100- 150k + shortly !market unrest a little also possible .

so bounce enough too, to 3288 to confirm for 3370, 3409 all possible ! take care
similarly waiting for global MIGHTY wave 2 UP TOO!! may Allah bless all !! all technical & much more to do fundamentally ty not happen !!

monthly bear ok , already continue still if it bounce to 3408 will not harm any for the bear next & strong!
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Not understand?never follow my analyses!
Quoting TrickorTrade
{quote} GJ long closed at inefficiency. Did not want to hold longer. 1:2 RR {image}
Should have held this long would be up 1:5:RR. But took a calculated move to close it. Profit is profit
Quoting TrickorTrade
{quote} Should have held this long would be up 1:5:RR. But took a calculated move to close it. Profit is profit
Would be interesting if GU doesn't retrace to give long entry today. I will miss the long train. But can also move down. I hate all this fundamental data and all. Just an excuse to move price in a zig zag manner.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
Quoting Mitiblotch
{quote} Would be interesting if GU doesn't retrace to give long entry today. I will miss the long train. But can also move down. I hate all this fundamental data and all. Just an excuse to move price in a zig zag manner.
Fundamentals is just an excuse to wick retail traders out grab liquidity and fill orders for big institutions.

With GU I didnt take a long because if on H4 if drew fib. Shows retracement at 78.6 which to me the trend might not be as strong to the upside.
Quoting TrickorTrade
{quote} My previous GA long still running has stayed in profit with no drawdown. I am holding because my conviction is strong that it will reach around 1.88 level. Also as I had closed one postion at profit even if this hits my SL I still net profit. Price now repeating same doji candles at same level finding support. {image}
GA SL hit thats what I get for holding thru FOMC haha. Anyways I did net profit here.
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Quoting TrickorTrade
{quote} Fundamentals is just an excuse to wick retail traders out grab liquidity and fill orders for big institutions. With GU I didnt take a long because if on H4 if drew fib. Shows retracement at 78.6 which to me the trend might not be as strong to the upside.
Can I see a chart of what you mean (don't bother if you don't have the time to). The way I apply my fib it requires a retrace to at least 3220 area or slightly below for a long and so far it didn't touch there.
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692
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maybe flag - impulse - flag - impulse screnario
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
Looking for shorts at 3315
Quoting Mitiblotch
{quote} Can I see a chart of what you mean (don't bother if you don't have the time to). The way I apply my fib it requires a retrace to at least 3220 area or slightly below for a long and so far it didn't touch there.
Spot on with the level. 3220 is daily level if price had retraced to there which would also co relate to 50-61.8 on fibs it would have made sense to go long.

Notice how price went broke under daily and retraced at 78.6 which to me is not enough to take a long. Trend is weak. H1 shows the rejections at 78.6 lev.
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small tf pa , , test & break 3265/71/82 and last 88 to confirm bull only . may not any further correction if not not failed at 88
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Not understand?never follow my analyses!
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Quoting Moty
{image}
that was a huge lot mot >.<
you sure push the price
"Buy Cheap and Sell Expensive , Its Market Anyways where People Get profit"
GU I see no high probability setup yet though daily gave a rejection candle. This is the long I am planning to take if the resistance breaks as mentioned.
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Hi Traders

selling now and wait till daily close under 1.3200 (level from J)
SL 30p
We can grow higher to R
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Quoting Robinhood1
Target 13540
From this area which will probably be above this figure, even 100 pips, we should go down to 12990 area and slightly below
PHASE II running 666
nice, 30 pips 3268 to 3298, late, after the great us rate yesterday
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