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Cable Update (GBPUSD)

  • #569,401
  • Dec 30, 2020 12:38am Dec 30, 2020 12:38am
G/M, general move up in asian session with upside break of the 1hr triangle ..past 61.8% 3619-3429 and now a pullback to 23.6% 3429-3557-current dly hi...top of a prev 1hr/4hr sw hi zone = prev res = pot rbs. 1hr below.

20/50/100 ema crosses are now currently as below.
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Attached Image
Trader with an Edge.
  • #569,402
  • Dec 30, 2020 12:59am Dec 30, 2020 12:59am
Quoting nessus94
I have a stronger buy signal here 1,3482
+60 this morning

i am looking for a short now
tp 1,3440 and 1,3350
Make money by doing the opposite of Giveachance aka loser
  • #569,403
  • Dec 30, 2020 1:10am Dec 30, 2020 1:10am
Quoting JayBag
Good Morning Gang, Spike Lee sneaked in last night during ASIA session.. Anything above 1.35425 would be Lee's territory Let's see how it goes. Happy Holidays
currently trading above
go ahead Lee, it's your zone..

Do with price, what you wish
  • #569,404
  • Dec 30, 2020 1:16am Dec 30, 2020 1:16am
...after bounce at area shown in post above (15min bullish hidden div,) price now challenging prev minor 1hr sw hi zone = prev res = pot res to current dly hi....1hr below. Interesting graphic posted by forexlive.com below.
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Trader with an Edge.
  • #569,405
  • Dec 30, 2020 1:23am Dec 30, 2020 1:23am
Quoting JayBag
{quote} currently trading above go ahead Lee, it's your zone.. Do with price, what you wish
Lol... you keep beating bears up. Hahahaha...

Funny thing is that the monthly and weekly charts are very scary. This thing can go to 1.4x easy. Of course with retracements on the way.
  • #569,406
  • Dec 30, 2020 1:24am Dec 30, 2020 1:24am
GU

Day trade set up

Newbie analysis based on SNR and BO

Any comment and views welcome to improve trade setup/ entry.

Thank You.
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  • #569,407
  • Dec 30, 2020 1:32am Dec 30, 2020 1:32am
Quoting Sang.Real
GU Day trade set up Newbie analysis based on SNR and BO Any comment and views welcome to improve trade setup/ entry. Thank You. {image}
Hi, my comments would be: a. It's not really a 'set-up' - it's a possible scenario - amongst others. b. That area/zone was strong before the upside b/o, so could act as rbs again (already tested at the pullback lo but could go deeper into the zone.) c. I think I'd be wanting to see some 30min + bullish hidden div there if it is tested again - to consider going long. d. Just generally, the more times a potential supp/res/sbr/rbs area/zone is hit the weaker it becomes.
Trader with an Edge.
  • #569,408
  • Dec 30, 2020 1:32am Dec 30, 2020 1:32am
Quoting nessus94
{quote} +60 this morning i am looking for a short now tp 1,3440 and 1,3350
Waiting for someone switch to buy then I will sell.....
  • #569,409
  • Dec 30, 2020 1:33am Dec 30, 2020 1:33am
Quoting Mitiblotch
{quote} Lol... you keep beating bears up. Hahahaha... Funny thing is that the monthly and weekly charts are very scary. This thing can go to 1.4x easy. Of course with retracements on the way.
Like they owe me money
Well, they owe bulls alot of money

SS
  • #569,410
  • Dec 30, 2020 1:39am Dec 30, 2020 1:39am
Looks very bullish today, added another one
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It always seems impossible until it is done.
Annex_of_Realsoldier All Time Return: na
  • #569,411
  • Dec 30, 2020 1:40am Dec 30, 2020 1:40am
Quoting Sang.Real
GU Day trade set up Newbie analysis based on SNR and BO Any comment and views welcome to improve trade setup/ entry. Thank You. {image}
Scalping at LO
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  • #569,412
  • Dec 30, 2020 1:41am Dec 30, 2020 1:41am
Gu has become confusing and irretating pair
I prefer take short on daxi , i got a feeling that it is going to drop like yesterday
Significant res 13816
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yes yes yes
  • #569,413
  • Dec 30, 2020 2:16am Dec 30, 2020 2:16am
for 35 pips
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yes yes yes
  • #569,414
  • Dec 30, 2020 2:28am Dec 30, 2020 2:28am
Quoting JayBag
Good Morning Gang, Spike Lee sneaked in last night during ASIA session.. Anything above 1.35425 would be Lee's territory Let's see how it goes. Happy Holidays
Will you be selling or hedging your buy trades below the 1.35425 level?
  • #569,415
  • Dec 30, 2020 2:29am Dec 30, 2020 2:29am
Quoting nessus94
{quote} +60 this morning i am looking for a short now tp 1,3440 and 1,3350
Brilliant
  • #569,416
  • Dec 30, 2020 2:31am Dec 30, 2020 2:31am
Quoting Sang.Real
{quote} Scalping at LO {image}

GU

Closed scalping position. Tiny profit.....

Support holding strong.

Will reenter for LONG.
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  • #569,417
  • Dec 30, 2020 2:33am Dec 30, 2020 2:33am
my view
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  • #569,418
  • Dec 30, 2020 2:33am Dec 30, 2020 2:33am
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  • #569,419
  • Dec 30, 2020 2:33am Dec 30, 2020 2:33am
... 23.6% 3429-3557 remains intact at the current pullback lo off 3557 current dly hi...above here and the 1hr x 2 /4hr prev sw hi zone = prev res = pot res to 3575, with that prev 1hr/4hr/dly, all x 2 prev sw hi zone to 3619/24 above. 1hr below.
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Trader with an Edge.
  • #569,420
  • Dec 30, 2020 2:34am Dec 30, 2020 2:34am
Quoting pipcenturion
{quote} Will you be selling or hedging your buy trades below the 1.35425 level?
No I won't be selling this pair.
Not yet at all..

When I start selling for retrace, I will drop a line
SS
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