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Cable Update (GBPUSD)

  • #570,441
  • Jan 6, 2021 2:21am Jan 6, 2021 2:21am
Quoting Konichiwhaat
{quote} ...fail BUY order set at 3639
Emotional Control. Process, not outcome.
  • #570,442
  • Jan 6, 2021 2:23am Jan 6, 2021 2:23am
50 % correction and then we go to 1.37000
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yes yes yes
  • #570,443
  • Jan 6, 2021 2:42am Jan 6, 2021 2:42am
... 30min/1hr bullish hidden div @ today's current 3591 lo and an upside follow thru to a new hi, now the pullback from Dly R1 and 3min/5min bullish hidden div @ the current pullback lo/23.6% fib of the move up from 3541 - but price currently struggling to make a with uptrend follow thru to a new dly hi...let's see... 1hr below.
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Trader with an Edge.
  • #570,444
  • Jan 6, 2021 2:44am Jan 6, 2021 2:44am
Quoting gatenio
{quote} 1.38
after the potential bearish is flag invalid the short term target remain 1.38,
dont risk too much on it.. at this levels price can get slaps down once in a while.
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  • #570,445
  • Jan 6, 2021 2:47am Jan 6, 2021 2:47am
Quoting JayBag
{quote} Uhm, I wouldn't think so.. I actually think in the near future, GBP will be the most valuable currency around the world. Yeah it might be a bumpy ride but it's definitely in the works. Who knows, this could have bee their plan all along? To make people think it has a long way? I mean even UK residents don't think the POUND would appreciate and this baffles me a lot. Well, let's give it time SS
actually Im thinking, strong currency does not mean strong economy and vice versa, look at usa swiss and yen their currency been very strong for many years, but that has/is destroying their economies, usd has base currency as it crutch, and the fact they are prepared to have all printing machines 24/7 is hard to ignore, uk has nothing, joining eu in was disaster out will be worse, I do agree long term she will appreciate nicely, bigger picture she is in mud and can only go up, problem is when, I believe bull train started 1 1500 but now she has arrived at next station, until decided all trains at stations can go either way, get entry right ie 2 100 bear 1 1500 bull and you set for life, right now waiting for trains direction from this station 1 35 1 36 1 37 between 35-37 could be ping pong for quite some time?? my present range (bigger picture) expanding triangle daily is 1 3700 - 1 1500, 1 3700 goes 1 5000 next station :-) with 1 1500 historic low means bears are on top have been since 2008
If you are new to Forex? Say Goodbye to your account!!
  • #570,446
  • Jan 6, 2021 2:59am Jan 6, 2021 2:59am
Got stopped right on the 71.9 mark.
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  • #570,447
  • Jan 6, 2021 3:00am Jan 6, 2021 3:00am
Quoting Sang.Real
{quote} GU Missed the long trade. Now in scalping for short, while waiting for L.O. {image}

GU

Need Moty's Hammer now to make this work.

Add position
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  • #570,448
  • Jan 6, 2021 3:00am Jan 6, 2021 3:00am
Quoting Moty
50 % correction and then we go to 1.37000 {image}
Reverse to Sell again.
Together we can be strongest
Vantage Return This Month: na
  • #570,449
  • Jan 6, 2021 3:03am Jan 6, 2021 3:03am
Quoting Moty
50 % correction and then we go to 1.37000 {image}
https://www.forexfactory.com/thread/...8#post13344358
Together we can be strongest
Vantage Return This Month: na
  • #570,450
  • Jan 6, 2021 3:14am Jan 6, 2021 3:14am
...61.8% of today's current lo-hi is where the demand came in...still 5min hidden bullish div there. That last 1hr candle was a big bearish engulf/thrust. 5min below.
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Trader with an Edge.
  • #570,451
  • Jan 6, 2021 3:15am Jan 6, 2021 3:15am
Quoting KiwiTrada
{quote} actually Im thinking, strong currency does not mean strong economy and vice versa, look at usa swiss and yen their currency been very strong for many years, but that has/is destroying their economies, usd has base currency as it crutch, and the fact they are prepared to have all printing machines 24/7 is hard to ignore, uk has nothing, joining eu in was disaster out will be worse, I do agree long term she will appreciate nicely, bigger picture she is in mud and can only go up, problem is when, I believe bull train started 1 1500 but...
I am not quite clued up with strong currency not meaning to be a strong economy. (I will leave that to others to comment on)

What I do know is, I do not see GU reaching 1.15 for a while. The chances of that happening are tiner than an A4 paper. I do agree there's likely to be a retrace soon but for it to reach 1.15 area, that's a lot.. While you plan on shorting for keeps, I am planning on longing for keeps.

Nothing good last forever.. Same applies to bad. I don't think the pound will stay down forever as most think.
But let's see how it all pans out.

We can both speculate
PA is king

SS
  • #570,452
  • Jan 6, 2021 3:16am Jan 6, 2021 3:16am
Market structure is long, will hold my position from 3625 ( it is actually 3620) and expect a new high above 3700
Follow The Markets Structure - Patience and Discipline
  • #570,453
  • Jan 6, 2021 3:17am Jan 6, 2021 3:17am
Next hour will probably be the key to 1)continuation to upside or 2)reverse to downside.
Eyeing downward movement in the next few days for me.
  • #570,454
  • Jan 6, 2021 3:22am Jan 6, 2021 3:22am
Quoting Moty
50 % correction and then we go to 1.37000 {image}
Not was for the price cross below again the black line ( last top ).

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Together we can be strongest
Vantage Return This Month: na
  • #570,455
  • Jan 6, 2021 3:25am Jan 6, 2021 3:25am
Quoting bluesushi
Next hour will probably be the key to 1)continuation to upside or 2)reverse to downside. Eyeing downward movement in the next few days for me.
i want gbp at 1.3440 or 1.3350 (better) to buy big
Make money by doing the opposite of Giveachance aka loser
  • #570,456
  • Jan 6, 2021 3:25am Jan 6, 2021 3:25am
Final look at 1hr, below. May look in later - if not back during London session tomorrow. G/L all.
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Trader with an Edge.
  • #570,457
  • Jan 6, 2021 3:27am Jan 6, 2021 3:27am
Quoting JayBag
{quote} I am not quite clued up with strong currency not meaning to be a strong economy. (I will leave that to others to comment on) What I do know is, I do not see GU reaching 1.15 for a while. The chances of that happening are tiner than an A4 paper. I do agree there's likely to be a retrace soon but for it to reach 1.15 area, that's a lot.. While you plan on shorting for keeps, I am planning on longing for keeps. Nothing good last forever.. Same applies to bad. I don't think the pound will stay down forever as most think. But let's see how it...
I'm thinking 1.392 area before a retrace
  • #570,458
  • Jan 6, 2021 3:29am Jan 6, 2021 3:29am
Quoting Pretense
{quote} I'm thinking 1.392 area before a retrace
I agree.. 1.390 area is attractive.. Until we see that handle, there's no need to short unless for scalps..

SS
  • #570,459
  • Jan 6, 2021 3:31am Jan 6, 2021 3:31am
Quoting nessus94
{quote} i want gbp at 1.3440 or 1.3350 (better) to buy big
Yeah i'm looking at 1.34500 for my buys and from there ill hold as long as possible.
Hopefully it gets there soon or lower.
  • #570,460
  • Jan 6, 2021 3:35am Jan 6, 2021 3:35am
Quoting guestfromeast
i'm short from 1.35 60, targeting 1.35.
I'm still holding till clear 4h close above 1.3633..hope my stop will hold.
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