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Cable Update (GBPUSD)

  • #570,241
  • Jan 5, 2021 5:15am Jan 5, 2021 5:15am
It is going after the SL above 1.36. Good place to sell for 1.3628
  • #570,242
  • Jan 5, 2021 5:43am Jan 5, 2021 5:43am
failed to break up back to short. Grrrrrrrrrr
Attached Image (click to enlarge)
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  • #570,243
  • Jan 5, 2021 5:46am Jan 5, 2021 5:46am
Inserted Video


get in the spirit boys
  • #570,244
  • Jan 5, 2021 6:01am Jan 5, 2021 6:01am
Quoting pipfarm
Above 3625 confirms the long continuation

1H correction within the fractal structure of the 4H swing, the 4h swing itself is an impulse wave within the fractal structure of the daily swing and the daily swing is an impulse wave within the fractal structure of the weekly swing.

3625 is the support broken by the H1 correction and now becomes resistance and price must breach this level to continue up to a new high above immediate resistance at 3702
Follow The Markets Structure - Patience and Discipline
  • #570,245
  • Jan 5, 2021 6:13am Jan 5, 2021 6:13am
Quoting Traderview
It is going after the SL above 1.36. Good place to sell for 1.3628
i did shorted at 1.36003, but i placed SL at BE+1 too early and price hit my SL.
waiting for another retrace up...if it comes.
If you don't know how to earn money, don't loose it.
  • #570,246
  • Jan 5, 2021 6:26am Jan 5, 2021 6:26am
Quoting SCopier
failed to break up back to short. Grrrrrrrrrr {image}
LOL
bearish flag on 4h or something look a like , so the ranging is make sense.. better not trade it ATM
Attached Image
  • #570,247
  • Jan 5, 2021 6:32am Jan 5, 2021 6:32am
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yes yes yes
  • #570,248
  • Jan 5, 2021 6:36am Jan 5, 2021 6:36am
...only a 58pip range so far today (42% 30day adr.) Price encountered sellers at base of that prev 1hr sw lo then hi zone /DP resulting in what turned out to be a false upside break of the then 1hr desc t/line and a 1hr pinbar type candle close, and a downside follow thru off it...1hr below. May look in later, otherwise back london session tomorrow.
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Trader with an Edge.
  • #570,249
  • Jan 5, 2021 6:39am Jan 5, 2021 6:39am
the drop to 3568 is an opportunity to long, to me.
Intraday only.
  • #570,250
  • Jan 5, 2021 6:43am Jan 5, 2021 6:43am
i will enter short if price breaks down 1.3557.
target 1.3440.
waiting.
If you don't know how to earn money, don't loose it.
  • #570,251
  • Jan 5, 2021 6:52am Jan 5, 2021 6:52am
See the pattern starting to unfold, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #570,252
  • Jan 5, 2021 6:53am Jan 5, 2021 6:53am
Quoting Sang.Real
{quote} GU Price closed above 50% There's Spike Lee was waiting to strike.. Common Lee, push higher to new high today..... {image}

GU

Add scalping position
Attached Image (click to enlarge)
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  • #570,253
  • Jan 5, 2021 6:56am Jan 5, 2021 6:56am
Quoting navk
my long has stop at 3550
my stop now adjusted to 1.35685.
Intraday only.
  • #570,254
  • Jan 5, 2021 6:59am Jan 5, 2021 6:59am
Quoting Sang.Real
{quote} GU Add scalping position {image}
i just went opposite from you, same entry.
one of us will get pips!
which me luck.
LOL
If you don't know how to earn money, don't loose it.
  • #570,255
  • Jan 5, 2021 7:04am Jan 5, 2021 7:04am
it is ranging day, especially hourly.

Tomorrow wiould be clear day, i hope.
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Intraday only.
  • #570,256
  • Jan 5, 2021 7:13am Jan 5, 2021 7:13am
Good day friends. We are likely to touch 1.365x-1.367x before a further fall down to 1.344x. IMO
  • #570,257
  • Jan 5, 2021 7:27am Jan 5, 2021 7:27am
Quoting gatenio
{quote} LOL bearish flag on 4h or something look a like , so the ranging is make sense.. better not trade it ATM {image}
True. But i've already entered @1.36. It's making the traders to get out or left out before making the big move.
  • #570,258
  • Jan 5, 2021 7:29am Jan 5, 2021 7:29am
Bears need 1hr to close below 1.3569. It'll be very fast.
  • #570,259
  • Jan 5, 2021 7:34am Jan 5, 2021 7:34am
well, yeah, it is down.

I shorted.

Target S1
Intraday only.
  • #570,260
  • Jan 5, 2021 7:40am Jan 5, 2021 7:40am
Quoting navk
well, yeah, it is down. I shorted. Target S1
Why did you change your mind?

I still think it is a buy until 1.3623 or 1.3671
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