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Cable Update (GBPUSD)

  • #570,161
  • Jan 4, 2021 2:24pm Jan 4, 2021 2:24pm
Quoting MozzChops
I don't see this going up at all. National lockdown alone will damage GBP. I'm short, happy to be short. A daily close above 1.37 and I'm wrong and will exit. First TP 1.3, then 1.27
Agreed. Nationwide lockdown should have affect somehow.
  • #570,162
  • Jan 4, 2021 2:34pm Jan 4, 2021 2:34pm
Quoting MozzChops
I don't see this going up at all. National lockdown alone will damage GBP. I'm short, happy to be short. A daily close above 1.37 and I'm wrong and will exit. First TP 1.3, then 1.27
there could be a retracement but that seems a little far
  • #570,163
  • Jan 4, 2021 2:36pm Jan 4, 2021 2:36pm
Attached Image (click to enlarge)
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Get those pending orders ready, for the trade of a lifetime.
  • #570,164
  • Jan 4, 2021 2:50pm Jan 4, 2021 2:50pm
Quoting emmyidk
{quote} there could be a retracement but that seems a little far
Not this week or next. But in a few weeks to a month ;-)
A fool and his money are easily parted
  • #570,165
  • Jan 4, 2021 2:55pm Jan 4, 2021 2:55pm
1H chart
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 25 KB
  • #570,166
  • Jan 4, 2021 2:58pm Jan 4, 2021 2:58pm
Quoting venividivici
{image} Get those pending orders ready, for the trade of a lifetime.
pending buy or pending sell ?
  • #570,167
  • Jan 4, 2021 3:11pm Jan 4, 2021 3:11pm
Maybe a kneejerk to 1.3, taking the weekly tops of 1.3343 seems more realistic, still have this +ve on the weekly chart, in my opinion heading to 1.4, not in a straight line bye the way.
I don't need to be good at the game, only good enough to beat my opponent,
  • #570,168
  • Jan 4, 2021 3:17pm Jan 4, 2021 3:17pm
Meters:
- 15min short but it seems want to turn long
- 1h short
- 1D long
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 8 KB
  • #570,169
  • Jan 4, 2021 3:25pm Jan 4, 2021 3:25pm
Looks like 1.35xx tomorrow
Attached Image (click to enlarge)
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Compulsions can be hard to resist
  • #570,170
  • Jan 4, 2021 3:36pm Jan 4, 2021 3:36pm
a short trade at this level may not be wrong
  • #570,171
  • Jan 4, 2021 3:54pm Jan 4, 2021 3:54pm
Quoting MozzChops
I don't see this going up at all. National lockdown alone will damage GBP. I'm short, happy to be short. A daily close above 1.37 and I'm wrong and will exit. First TP 1.3, then 1.27
I agree! with this national block, I'm short at 1.3500 for tomorrow
  • #570,172
  • Jan 4, 2021 3:59pm Jan 4, 2021 3:59pm
Quoting trumps
Looks like 1.35xx tomorrow {image}
could be, but pivot will be around 36
dolce vita
  • #570,173
  • Jan 4, 2021 4:07pm Jan 4, 2021 4:07pm
Quoting babayaga
{quote} could be, but pivot will be around 36
Good spot to short if it gets there IMO
Compulsions can be hard to resist
  • #570,174
  • Jan 4, 2021 4:24pm Jan 4, 2021 4:24pm
I will still be on short side, though the channel is broken on the 1 HR chart long back, there is resistance around 3596 on this retracement. I have just went short, also on the news of UK lockdown. Positional Trade
  • #570,175
  • Edited 5:07pm Jan 4, 2021 4:25pm | Edited 5:07pm
Quoting ritmorhythm
{quote} wait for sell setup for 1550
Good for me I'm sold until 2515 then back to 2168 then another final bull race for 3420 don't miss this race friend hug.



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M VHá 1 dia (editado)

possible gold opening opening with gap 1906 tonight but then it should close to go full steam for 2500 usd then a correction to 2168.8 and then due to the settlement dates after last bull run 3420 usd (4000 will not be possible)
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M VHá 1 dia (editado)

possible gold opening opening with gap 1906 tonight but then it should close to go full steam for 2500 usd then a correction to 2168.8 and then due to the settlement dates after last bull run 3420 usd (4000 will not be possible)
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  • #570,176
  • Jan 4, 2021 5:09pm Jan 4, 2021 5:09pm
Quoting Bartosz77
{quote} 1. Brexit deal rules came into force. 2. Europe is closing all borders due to Covid. 3. UK is going into national lockdown (to be announced today at 20:00 GMT by Boris Johnson). 4. 4 days in a row UK had ovr 50k new Covid cases. All of that shows the direction for the next few days / weeks.
agreed this pull back is nothing more than resistance, resisting, USD appreciation can be seen across the board, if or when the effect you mention do kick in, sterling will take a massive hit, I mean massive ? 1 1500 ?? bulls have gone quiet a little?, daily is still bullish trend, bears are on attack, congrats to bulls since March last year, time for some bear action, real action, been a long hard grind
If you are new to Forex? Say Goodbye to your account!!
  • #570,177
  • Jan 4, 2021 5:26pm Jan 4, 2021 5:26pm
Pound will soon start pricing in the expected drop in Covid cases as a result of lockdown.
Compulsions can be hard to resist
  • #570,178
  • Jan 4, 2021 5:32pm Jan 4, 2021 5:32pm
lets see what happens throughout Asia
see you boys at London
Attached Image(s) (click to enlarge)
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  • #570,179
  • Jan 4, 2021 8:45pm Jan 4, 2021 8:45pm
Quoting Sang.Real
GU Scalping Long {image}

GU

Destination L.O.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 061.jpg Size: 255 KB
  • #570,180
  • Jan 4, 2021 9:18pm Jan 4, 2021 9:18pm
Daily and weekly are bullish, 4hr and hourly turned bearish.

If...If..hourly turns bullish, buying GU could be an idea.

However 3540 should not break
Intraday only.
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