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Cable Update (GBPUSD)

  • #567,881
  • Dec 22, 2020 9:11pm Dec 22, 2020 9:11pm
Quoting palpite
{image}
I think there is sufficient buy volume for the current day to break that trend line.

Decision point for today seems to be 1.34287
  • #567,882
  • Dec 22, 2020 9:20pm Dec 22, 2020 9:20pm
Quoting pipcenturion
{quote} I think there is sufficient buy volume for the current day to break that trend line. Decision point for today seems to be 1.34287
Attached Image (click to enlarge)
Click to Enlarge Name: palpite.png Size: 21 KB
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  • #567,883
  • Dec 22, 2020 9:26pm Dec 22, 2020 9:26pm
Quoting KiwiTrada
{quote} but there was resistance pierced by .00007 is barely even classed as a pierce, anyway see how this attempt goes
i did say futures......

and it remains above it for the last 90 mins. it could go either way.... the buying isn't strong here so not really intereseted.
In tea leaves we trust!
  • #567,884
  • Dec 22, 2020 9:34pm Dec 22, 2020 9:34pm
Quoting pipcenturion
{quote} I think there is sufficient buy volume for the current day to break that trend line. Decision point for today seems to be 1.34287
in my chart, 4hr and daily aligned for buy.
Intraday only.
  • #567,885
  • Dec 22, 2020 9:49pm Dec 22, 2020 9:49pm
Quoting navk
{quote} in my chart, 4hr and daily aligned for buy.
I think price needs to retest the value area at 1.3566 but first, it needs to close above 1.34287

I am still torn between setting my TP at 1.3428 or 1.356X

I am going with the latter for now.
  • #567,886
  • Dec 22, 2020 10:11pm Dec 22, 2020 10:11pm
ok im done with bulls.. now i go with bears..
sell @1.34075 SL 1.3415 TP open
Trade what you see, not what you think.. react and stay sharp..
  • #567,887
  • Dec 22, 2020 10:36pm Dec 22, 2020 10:36pm
Quoting pipcenturion
{quote} I think there is sufficient buy volume for the current day to break that trend line. Decision point for today seems to be 1.34287
There may be volume to move price, the question is will it be buyers or sell orders creating this move. Let’s see when we get pass London open.
Trading thin liquidity at the boundary of the charts
  • #567,888
  • Dec 22, 2020 10:45pm Dec 22, 2020 10:45pm
Quoting RickM
{quote} There may be volume to move price, the question is will it be buyers or sell orders creating this move. Let’s see when we get pass London open.
Well the Dollar still has room for bulls to continue, but the London session will reveal more.
Plan your trades and trade your plan.
  • #567,889
  • Dec 22, 2020 10:50pm Dec 22, 2020 10:50pm
Buy 1.339
target 300 pops
sl 30 pips
  • #567,890
  • Dec 22, 2020 10:55pm Dec 22, 2020 10:55pm
Quoting miedpreneur
ok im done with bulls.. now i go with bears.. sell @1.34075 SL 1.3415 TP open
now my SL at BE.. in case GU decide to move up again

Free Risk Trade
Trade what you see, not what you think.. react and stay sharp..
  • #567,891
  • Dec 22, 2020 11:00pm Dec 22, 2020 11:00pm
Quoting miedpreneur
{quote} now my SL at BE.. in case GU decide to move up again
In case? This day should be buy mode.
I won’t be surprised to good brexit news when London open.
  • #567,892
  • Dec 22, 2020 11:07pm Dec 22, 2020 11:07pm
Quoting gatenio
{quote} In case? This day should be buy mode. I won’t be surprised to good brexit news when London open.
yup.. that why i put my SL at BE.. we never know what happen next.. i just react and going with sell cause i see rejection @1.3411 area

and when i see price wanna go up again i just follow with buy .. but right now i follow with sell with extra cautious ofc cause i still see BULL setup on my chart..

maybe 1.335 area still offering something but idk i just see that level is offering something.. maybe im wrong but im ready..
Trade what you see, not what you think.. react and stay sharp..
  • #567,893
  • Dec 22, 2020 11:16pm Dec 22, 2020 11:16pm
Quoting KiwiTrada
{quote} cable 1hr is getting compressed, also sma,s compressing her as well, so BO a real BO could be on the cards, time will tell, within next hr or so, no more room {image}
pfffftt maybe no BO but more a roll over the cliff??
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  • #567,894
  • Dec 22, 2020 11:16pm Dec 22, 2020 11:16pm
Current retrace to 1.3411 is the max movement for a later bearish continuation toward down to 1.3220-40
A base above 1.3411 is needed to terminate this view for another move higher..lets see..
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #567,895
  • Dec 22, 2020 11:20pm Dec 22, 2020 11:20pm
GBPUSD come down

https://cdn.arrowpng.com/images/red-down-arrow.png
Attached Image
  • #567,896
  • Edited 11:32pm Dec 22, 2020 11:20pm | Edited 11:32pm
Quoting ChiForex
Current retrace to 1.3411 is the max movement for a later bearish continuation toward down to 1.3220-40 A base above 1.3411 is needed to terminate this view for another move higher..lets see..
i agree we need take over 1.3411 and then 1.342 to said bullish mode is on.. as long as 1.3411 hold i see down move still in tact..

from m5 to H1.. i still see rising valley so i still see bull setup too.. London Open may make this thing clear..

but on larger view
H4 i see descending peak..
Trade what you see, not what you think.. react and stay sharp..
  • #567,897
  • Dec 22, 2020 11:38pm Dec 22, 2020 11:38pm
Quoting Kaysole
{quote} Price might break down below today's lows, so I added another buy [email protected]
I think price might make a push to break yesterday's lows and then go up. I have added another buy [email protected]
  • #567,898
  • Dec 22, 2020 11:50pm Dec 22, 2020 11:50pm
It seems all very unlikely, most of the things, if you look at pa, it seems so much more inclined to spike upwards on any news, and so it will stay here and consolidate shorts for some time and than move upwards to the next resistance

that said, buying into resistance is a difficult move to take, so perhaps the best thing to do is to sit tight) and relax
  • #567,899
  • Dec 22, 2020 11:55pm Dec 22, 2020 11:55pm
HI guys, long time not post my chart here Wish you all in green pips
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 70 KB
  • #567,900
  • Dec 23, 2020 12:13am Dec 23, 2020 12:13am
Quoting SCopier
HI guys, long time not post my chart here Wish you all in green pips {image}
agree with your chart
Intraday only.
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