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Cable Update (GBPUSD)

  • #570,221
  • Edited 4:01am Jan 5, 2021 3:42am | Edited 4:01am
G/M, price remains inside yesterday's pip range as it finds res @ the prev 1hr sw lo = prev supp =pot sbr zone and now demand @ the prev 1hr/4hr sw lo zone = prev supp = pot supp that leads down to y/day's lo. 1hr below.

Below y/day's lo I have two 3 fib clusters of fibs plotted from major swing lo's to that 3704 current hi @ 3507-3503, then 3494-86. Before those 3534 = 61.8% 3429-3704.
Attached Image (click to enlarge)
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Trader with an Edge.
  • #570,222
  • Jan 5, 2021 3:45am Jan 5, 2021 3:45am
Now Maybe Another Higher Low

Attached Image (click to enlarge)
Click to Enlarge Name: TK TK.png Size: 26 KB

Right

See You
  • #570,223
  • Jan 5, 2021 3:51am Jan 5, 2021 3:51am
Quoting Sang.Real
GU Scalping LONG again @ L.O. Anyone seen Spike Lee ? {image}

GU

Price closed above 50%

There's Spike Lee was waiting to strike..

Common Lee, push higher to new high today.....
Attached Image (click to enlarge)
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  • #570,224
  • Jan 5, 2021 3:56am Jan 5, 2021 3:56am
my long has stop at 3550
Intraday only.
  • #570,225
  • Jan 5, 2021 3:59am Jan 5, 2021 3:59am
Quoting navk
my long has stop at 3550
too tight SL ?.

Plus a lot of wicks in those 50% fib area -rejection

Even now GU just refuse to go higher...

May quit now, wait for better set up during NYO.
  • #570,226
  • Jan 5, 2021 4:01am Jan 5, 2021 4:01am
... 2 x inverted hammer closes on 1hr now.
Trader with an Edge.
  • #570,227
  • Jan 5, 2021 4:02am Jan 5, 2021 4:02am
At moment perfect SHORT MOVEMENT on 15min: new LH with retest previous breakout .3589, but LOW volume..... so i suppose it will go down
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  • #570,228
  • Jan 5, 2021 4:07am Jan 5, 2021 4:07am
Short not looking good, turned to long
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Click to Enlarge Name: GU.png Size: 64 KB
  • #570,229
  • Jan 5, 2021 4:08am Jan 5, 2021 4:08am
Quoting navk
my long has stop at 3550
3540 is previous day low

break of 3540 may lead to 3515
Intraday only.
  • #570,230
  • Jan 5, 2021 4:15am Jan 5, 2021 4:15am
Long term coming
  • #570,231
  • Jan 5, 2021 4:18am Jan 5, 2021 4:18am
Quoting Sang.Real
{quote} too tight SL ?. Plus a lot of wicks in those 50% fib area -rejection Even now GU just refuse to go higher... May quit now, wait for better set up during NYO.
in hourly it is ranging.

it needs an effort to go high.
Intraday only.
  • #570,232
  • Jan 5, 2021 4:19am Jan 5, 2021 4:19am
another swing low is coming. then up
  • #570,233
  • Jan 5, 2021 4:21am Jan 5, 2021 4:21am
... one of these t/lines will break...1hr below.
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Trader with an Edge.
  • #570,234
  • Jan 5, 2021 4:35am Jan 5, 2021 4:35am
Quoting TrTT
Now Maybe Another Higher Low {image} Right See You
WaiTing

Attached Image (click to enlarge)
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Target 1.36777 Set

Lets See
  • #570,235
  • Jan 5, 2021 4:37am Jan 5, 2021 4:37am
... the 20/50/100 ema crosses are currently as below.
Attached Image
Trader with an Edge.
  • #570,236
  • Jan 5, 2021 4:45am Jan 5, 2021 4:45am
Quoting pipcenturion
{quote} Hello Leon, please what does YM3 mean? The 1.3672 price level
Hi Pipcenturion,
It is simply my yearly pivot indicator showing medium pivot resistance 1. Whoever coded this indi set it different to the norm ie PP, MR3 iso MR1, RES1 and so forth. Hope I make sense.
Cheers
Leon
Trade to trade another day
  • #570,237
  • Jan 5, 2021 4:46am Jan 5, 2021 4:46am
AT The same time I am also WaiTing This

HaHaHaHahahahahahhahaa
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  • #570,238
  • Jan 5, 2021 4:49am Jan 5, 2021 4:49am
Above 3625 confirms the long continuation
Follow The Markets Structure - Patience and Discipline
  • #570,239
  • Jan 5, 2021 4:53am Jan 5, 2021 4:53am
Quoting Wavegarrick
{quote} Hi Pipcenturion, It is simply my yearly pivot indicator showing medium pivot resistance 1. Whoever coded this indi set it different to the norm ie PP, MR3 iso MR1, RES1 and so forth. Hope I make sense. Cheers Leon
Thanks
  • #570,240
  • Jan 5, 2021 5:10am Jan 5, 2021 5:10am
upside breech of the 1hr desc t/line after follow thru on those 2 x inverted hammers on same t/f...challenging dp and prev 1hr sw lo then hi now, with 50% of 3704-3541 above it. 1hr below.
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Trader with an Edge.
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